JustJack
3週前
December 12 2024 - 9:36AM
InvestorsHub NewsWire
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Atlanta, GA -- December 12, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that it has renewed the joint-venture agreement to renovate and operate Rufus Rose House, the only standing Victorian mansion in downtown Atlanta, which has 123 years of history and is a National Register of Historic Place. The property currently has a cost value of $2.1 million, and is anticipated to reach a market value of $5 - 8 million upon completion of renovation.
20% Sweet Equity on $5-8 Million Airbnb Property
Under the renewed JV agreement, VAYK will continue to manage the renovation of this historic landmark into a boutique, multi-unit short-term rental (Airbnb etc.) property. VAYK is entitled to a 20% "sweet equity" of the JV, and will receive more equity proportionally when it raises capital for the JV.
"Rufus Rose House is a unique historic treasure and has unrivaled value as a short-term rental, "says Stephanie Anderl, interim CEO of Vaycaychella. "Not only its stunning and aged beauty, both interior and exterior, will appeal to tourists and vacationists who appreciate its antique value, but also its ideal location -- sitting in the busiest street, only one block from the tallest downtown building (the Bank of American Tower), and within walk distance to numerous attractions including the historic Fox Theater – promises a future for it to become the most sought-after Airbnb place in downtown Atlanta."
"Most Sought-After Airbnb Place" to Be Completed Prior to FIFA 2026
In the year 2023, 71.3 million visitors set their feet in downtown Atlanta.
Tourism to Atlanta is expected to explode as the city will host FIFA 2026 world cup. Soccer is the most popular sports in the world and FIFA world cup is the most important event of soccer, held only once every 4 years. VAYK aims to complete the renovation of Rufus Rose House and put it into operation prior to FIFA 2026.
$157 million Federal Funds granted to Nearby Neighborhoods
In addition, the city of Atlanta has started a grand project with $157 million of federal funds, called "the Stitch", which is only two blocks from Rufus Rose House. The Stitch (https://thestitchatl.com/) is a transformational civic infrastructure investment committed to reconnect Downtown and Midtown Atlanta. Once implemented, the Stitch will create approximately 14 acres of urban greenspace and transportation enhancements atop a new, 3/4-mile platform spanning the Downtown Connector between Ted Turner Drive and Piedmont Avenue. The Stitch is expected to stimulate $2-3 billion in private real estate investments in surrounding neighborhoods.
Before the launch of the Stitch, Vaycaychella management estimated that the short-term rental business of Rufus Rose House may generate $500,000 to $700,000 annually. Now VAYK management believes that "the upside of Rufus Rose House will be much higher" despite that no specific numbers have been provided.
The current owner of Rufus Rose House bought this property in 2021 for $1.65 million, and had since then spent several hundreds of thousands to repair and reinforce its structure. Its original goal was to renovate it into an upscale office building. However, Vaycaychella convinced the owner that this property is more suitable for short-term rental, and was entrusted with the exclusive rights to manage its renovation, and to operate it as an Airbnb after renovation.
JustJack
1月前
Atlanta, GA -- December 2, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that the company has reached agreement with the acquiree upon the terms and conditions to acquire 50% non-managerial ownership of a home engineering service company based in Atlanta, Georgia.
The acquisition target reported approximately $1 million revenue for the year 2023, with a solid margin of operating profit.
Payment in Preferred Shares with a Conversion Price of $0.005
The two parties have agreed that VAYK will issue 500,000 Series B preferred stocks to the owner of the business, in exchange for the 50% non-managerial ownership. Each Series B preferred share will bear a face value of $1.00, and will be eligible to convert into 200 common shares after 24 months, effecting a conversion price of $0.005 per share. This conversion price is more than 700% higher than the most recent closing price of VAYK's common stocks.
The acquisition price ($500,000 for 50% ownership) is roughly based on 1x Value/Revenue multiple, which is lower than the average multiple of engineering and construction industry, according to the newest available data published by independent valuation provider Eqvista (https://eqvista.com/revenue-multiples-by-industry/).
The company also has a conditional option to acquire the rest 50% ownership and to completely take over the acquiree. The acquisition price will be the same plus preformulated adjustments, but the company will have to pay in cash.
Integrated Part of $100 Million New and Disruptive Airbnb Business Strategy
This acquisition will be one of VAYK's moves to carry out a disruptive business model in the short-term rental (Airbnb etc.) industry.
"Our new business model will integrate real estate development, financial engineering, social accountability, and short-term rental management," declares Stephanie Anderl, Interim CEO of Vaycaychella. "It will be a revolutionary business model with the potential to redefine the concept of short-term rental, and disrupt the whole short-term rental industry. Our near-term goal is to build a $20 million portfolio and expand it to $100 million with financing."
Anderl confirms that the company is working with business partners and prospective investors to possibly kick off this new business model in the year 2025.
"The acquiree is a home engineering service company, which specializes in remodeling, redecorating and renovating residential properties," explains Anderl. "Not only it has the potential to grow into a $2 million to $3 million business by itself, but it will also provide an in-house capability to build residential properties customized for our new business model."
The company expects to close the acquisition by the end of this year.
Disclaimer/Safe Harbor:
price_and_volume
2月前
Lol, looking forward to Form 4.
Sounds ridiculous tho, and the market doesn't care, or doesn't believe it. that certain individual with insider information is buying its common stocks at the open market.
The company emphasizes that these open market transactions... do not represent the company's official opinion.
According to the company, the insider made the decision based on his perception of intensive short selling. (ME: LOL what a crock)
"According to data published by Financial Industry Regulatory Authority (FINRA), overwhelming majority of open-market trading of our common stocks are presented as short sales, "says Stephanie Anderl, Interim CEO of VAYK. "In many trading days, more than 90%, sometimes 100%, of the trading volume are presented as short sales. This trading pattern makes certain insider believes that our stock is likely underpriced." (ME: referring to THIS?)
As far as the company understands it, insider buying is required to be disclosed to SEC, either immediately on Form 4 if the total trade volume exceeds $10,000, or periodically on Form 5 if the total trade volume does not exceed $10,000. Insider selling should be disclosed immediately no matter the size of transaction. MM shorts would be unloading the shares they accumulated above .0012 in Feb/Mar/Apr from sellers. Booking a 100-200% gain by now selling those shares to punters who like to buy in tripps ain't a crime - its the MM's job.
The crime is in the PR, which has been couched in enough legalese to hide the intent from OTC newbs.
GLTA
JustJack
2月前
VAYK Confirms Insider Buying at Open Market
November 05 2024 - 10:40AM
Atlanta, GA -- November 5, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") confirms today that certain individual with insider information of the company is buying its common stocks at the open market.
The company emphasizes that these open market transactions are personal decisions by certain individual, and do not represent the company's official opinion. Neither do they constitute nor imply any public solicitation or offering of the company's securities.
According to the company, the insider made the decision based on his perception of intensive short selling.
"According to data published by Financial Industry Regulatory Authority (FINRA), overwhelming majority of open-market trading of our common stocks are presented as short sales, "says Stephanie Anderl, Interim CEO of VAYK. "In many trading days, more than 90%, sometimes 100%, of the trading volume are presented as short sales. This trading pattern makes certain insider believes that our stock is likely underpriced."
The individual also observed some trading patterns which seemingly reflect the intention of some traders. For example, some sell orders of the same or similar sizes had been posted very regularly, repeating at intervals of exactly 6 seconds, over a certain period of time.
However, the company has no knowledge of how long the individual will continue to buy stocks, or whether he will change his opinion about trading.
As far as the company understands it, insider buying is required to be disclosed to SEC, either immediately on Form 4 if the total trade volume exceeds $10,000, or periodically on Form 5 if the total trade volume does not exceed $10,000. Insider selling should be disclosed immediately no matter the size of transaction.
VAYK team
2月前
If you look into past weeks, there were usually a small sale at lower price, a few minutes before the market close. It looks to me that some people were manipulating the closing price of this stock. The reason is that if closing price is lower, short positions will not be "called" by brokerage firms.
On the contrary, if the closing price gets higher, short positions may get called by the brokers and they would have to cover it....
It's just my theory, but those "last minute cheap sales" of a few thousand shares do look strange to me.
VAYK team
2月前
Unfortunately, there are no rules about when a short sale has to be covered. Shorties can let their short sale stand forever.
However, if the stock rallies, short sellers will have to pay more money to their broker to keep their short sale alive, to a point that it will no longer make any sense. And then, practically, they will have to cover their position.
Most short sales on VAYK are probably under $0.0010. So if the stock rallies to, say, $0.0015, suddenly you may see tens of millions of buy orders by the squeezed short sellers.
JustJack
2月前
VAYK Clarifies It Has No Business Connection to Persons Under SEC Charge
Atlanta, GA -- October 28, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") management clarifies today that the company, since more than 12 months ago, has had no material business connection with certain individuals and entities("persons") who were charged by the Securities and Exchange Commission ("SEC").
The company makes this clarification in response to multiple posts spread online in the past 24 hours, which attempt to link VAYK to charges filed by SEC against a number of persons. The charge itself was filed 12 months ago, in September 2023.
Further, the company confirms that none of its current managers or controlling shareholders hold any material information regarding these charges, and none of them have been questioned by SEC or any other authorities with regard to these charges.
All 5 persons charged by SEC were creditors of the company. However, the company had negotiated with those creditors and settled all the debts prior to the charges were filed. Under these settlements, those creditors forgave a total amount of more than $2.6 million, and converted about $300,000 debt into VAYK restricted shares at a conversion price of $0.0073 per share. The conversion price is 1000% higher than the last closing price of VAYK. After these settlements, none of these persons have held any debt or any other claims against VAYK, neither does the company hold any claims against them.
Some of these persons had received converted common shares of VAYK, prior to January 2022. As far as the management know, none of these persons still hold any significant amount of tradable shares of VAYK.
The company has since significantly changed and enhanced its business model, by refocusing on domestic market, and sold most of its old assets in June 2024 for a profit of approximately $320,000.
All the above settlements and developments have been disclosed in previous filings and news releases.
"It is interesting that a seemingly orchestrated campaign was launched against our company in the past 24 hours by spreading negative 'news' ," says Staphanie Anderl, interim CEO of VAYK. "But theses are not even news. Whatever these people are interested in, they are in pages already turned over. We are focusing on our current business, and will work hard to achieve greater success."
Disclaimer/Safe Harbor:
wannabeeriche
2月前
From at least June 2017 to June 2022, Defendants—led by Philip Verges—perpetrated a scheme to pump and dump into the market more than $112 million of stock in certain penny stock companies. Verges designed the scheme so that Blue Citi (owned by R. Malin and L. Tilton (in his individual capacity), JDT (owned by Tilton), and other accomplices that Verges nominated (the “Other Nominees”; collectively with Blue Citi, Tilton, and JDT, the “Nominees”) received heavily discounted shares in five penny stock companies: Alternet Systems, Inc. (“ALYI”), Priority Aviation, Inc. (“PJET”), Puration, Inc. (“PURA”), Vaycaychella, Inc. (“VAYK”), and WaterPure International, Inc. (“WPUR”) (collectively, the “PSCs” and individually, a “PSC”). The Nominees ultimately received at least 5.2 billion shares of stock in the PSCs at an 86.64% discount and then proceeded to dump those shares into the market. Blue Citi, Tilton, and JDT alone generated more than $52 million in trading proceeds.
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION Case No.: 3:23:cv-02146
VAYK team
2月前
According to OTC Short Report, up to 100% of VAYK's daily volume are short sales.
https://www.otcshortreport.com/company/VAYK
Theoretically, if VAYK share price goes up, or stay stable, short sellers will eventually have to cover their position, and that will result in a "short squeeze", i.e., they will have to buy back the same amount of shares.
JustJack
2月前
Atlanta, GA -- October 24, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") management asserts today that the company has been receiving stable revenue from its first acquired Airbnb operation, and is continue growing its metro-Atlanta business with the goal to become operationally profitable in Q4 2024. Additionally, the company may launch a major business initiative in the year 2025, which has the potential to revolutionize the short-term rental (Airbnb etc.) industry.
Q4 Operating Profit Likely
Back in February of this year, the company announced that it would refocus its Airbnb business to the domestic market of USA, mostly in fast-growing metropolitan areas such as Atlanta, Georgia. Domestic USA market is the largest short-term rental market in the world, having reached $64 billion in total sales, according to AirDnA.
Concurrently, the company has rebuilt its management team and retained a local entrepreneur, Stephanie Anderl, who has solid experience in Airbnb operation, to serve as its interim CEO. According to the company, Ms Anderl played an instrumental role in acquiring the operating rights to its first Airbnb property. Under the leadership of Anderl, the Company aims to acquire rights to operate 10 to 20 short-term rental (Airbnb) properties, of a total market value of $5 million to $10 million, in the coming months.
The first acquisition has been generating revenue for the company in the past two months, according to Anderl. It is likely that the company will book a small operating profit for the fourth quarter of 2024.
On Track to $1.5 – 2.1 million Annual Revenue
"Additionally, the company has acquired the rights to renovate a historic landmark in downtown Atlanta into a $5 million Airbnb property," says Ms Anderl. "Altogether, the company is on track to achieve our goal of operating a short-term rental portfolio valued of approximately $20 million, in the year of 2025."
"With the estimate of about $50K – 70K gross revenue per property per year, the company will be able to generate $1.0 million to $1.4 million annual revenue from managing 20 properties. And the historic landmark building may add another $500K to $700K revenue, to increase the total operating revenue to $1.5 million to $2.1 million. Based on my experience, operating profit margin from these revenues can be as high as 30-50%."
Possible Launch of Major Business Initiative in 2025
Further, Anderl confirms that the company is working with business partners and prospective investors to possibly kick off a major business initiative in the year 2025.
"The new business initiative will integrate real estate development, financial engineering, social accountability, and short-term rental management," says Anderl. "It will be a revolutionary business model with the potential to redefine the concept of short-term rental, and disrupt the whole short-term rental industry."
Disclaimer/Safe Harbor:
JustJack
4月前
Atlanta, GA -- September 4, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") announces today that the company has started to receive revenue from its first short-term rental (Airbnb) property.
Back in February of this year, the company announced that it would refocus its Airbnb business to the domestic market of USA, mostly in fast-growing metropolitan areas such as Atlanta, Georgia. Domestic USA market is the largest short-term rental market in the world, having reached $64 billion in total sales, according to AirDnA.
Concurrently, the company has rebuilt its management team and retained a local entrepreneur, Stephanie Anderl, who has solid experience in Airbnb operation, to serve as its interim CEO. According to the company, Ms Anderl played an instrumental role in acquiring the operating rights to its first Airbnb property.
1 to 1.4 Million Annual Revenue Goal
"We are excited that we have received revenue from operation of the first Airbnb property in metro Atlanta area," says Anderl. "Before I joined the team, the company had developed a plan to acquire the operation of more than $20 million Airbnb properties. It had also acquired the rights to renovate a historic landmark into a $5 million Airbnb property. Now I am using my own knowledge in this niche to grow the company and operate more Airbnb properties."
"My short-term goal is 10 to 20 properties," declares Anderl. "With the estimate of about $50K – 70K gross revenue per property per year, the company will be able to generate $1.0 million to $1.4 million annual revenue from managing 20 properties. Based on my experience, operating profit margin from these revenues can be as high as 30-50%."
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