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Boom?
Dallas, TX -- February 6, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that the company has increased its net equity by more than $2.5 million, which results from the company successfully reaching debt reduction agreements with previous debtors and investors over the past few fiscal quarters. The overwhelming majority of the debt was eliminated without any reciprocal consideration.
"The majority of the eliminated debts date back to agreements more than 10 years old when the company was under a totally different name and managed by a totally different team, and engaged in a totally different business," says Bill Justice, CEO of the company. "Furthermore, the subject debts were no longer even held by the parties that entered into the original debt agreements."
"In such a context, and with the introduction of new strategic investors, we were able to successfully convince some holders of the legacy debts that it was time for them to move on. We are grateful and very appreciative that most of them agreed to forgive these legacy debts."
One major debtor, according to the company's filings on OTC Markets, forgave all debts owed to him without consideration. This covers all outstanding balances including default penalties resulting in a total reduction of over $2.1 million.
Another debtor, according to the filings, forgave approximately $130, 000 of outstanding debt without consideration.
A third debtor reached an agreement with the company to cancel and waive all the outstanding interest and fees on a total amount of approximately $143,000, without consideration. The same debtor also agreed to convert all the principal of his debt into common shares at a price about ten times higher than the average trading price at the time of conversion. As of today, the executed conversion price is still more than 100% above the trading price of the company's shares.
"Overall, our restructuring campaign led to a debt reduction of approximately $2.55 million, of which about $2.37 million was complete forgiveness or cancellation," said Mr. Justice. "This has resulted in an net equity increase of almost the same amount. Allocated to our approximately 862 million outstanding shares, it equals to a net equity increase close to $0.003 per share."
The company plans to communicate more details regarding its recently updated comprehensive business plan in the following weeks via additional news releases.
All .0019's printing this morning.
Looks good.
The company plans to communicate more details regarding its comprehensive business plan in the following weeks via additional news releases.
Technology And Cryptocurrency Cornerstone
VAYK is not a conventional short-term rental property management business. The company intends to introduce advanced technologies to facilitate the financing and operating of short-term rental properties. The company will continue to develop and improve its award-winning APP for peer-to-peer short-term rental investment. It will also utilize blockchain technology, including cryptocurrency and non-fungible token (NFT) technology to facilitate investment and operation of short-term rental properties.
Debt Reduction Of $2 Million In Conjunction With Updated Business Strategy
The updated business strategy is bolstered by substantial restructuring. The company has negotiated debt reduction agreements with previous debtors and investors, and has reduced the total debt by nearly $2 million so far. The company is in the process of negotiating the settlement of an additional $1 million in debt. The company confirms that the debt reduction deals do not include the issuance of new debt instruments. Therefore elimination of the debt will increase the net equity of the company in an amount equal to the debt reduction.
Debt Reduction Of $2 Million In Conjunction With Updated Business Strategy
The updated business strategy is bolstered by substantial restructuring. The company has negotiated debt reduction agreements with previous debtors and investors, and has reduced the total debt by nearly $2 million so far. The company is in the process of negotiating the settlement of an additional $1 million in debt. The company confirms that the debt reduction deals do not include the issuance of new debt instruments. Therefore elimination of the debt will increase the net equity of the company in an amount equal to the debt reduction.
$64 Billion Domestic Short-Term Rental Market Focus
The updated business strategy will refocus VAYK's short-term rental property business to within the continental USA. Previously, the overwhelming majority of VAYK's focus was concentrated on the international short-term rental property market with a tangible start-up presence primarily in the Caribbean. The updated strategy will shift VAYK's focus to benefit from the fast-growing short-term rental market within the domestic USA, which is the largest short-term rental market in the world, having reached $64 billion in total sales, according to AirDnA.
February 1, 2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announced a comprehensive update to its business strategy to include strategic investments to expand upon the company's ongoing plan to be a leading provider of services within the short-term rental industry.
.0012's hitting
If it is an "all or none" bid it will not show up.
Nope, Sorry.
Just watching and hoping.
Been here for a few runs and still have a few shares.
This is due for a run.
That's a lot of shares for one day.
It's about time.
GLTA
Interesting!
Let her rip Bradley!
A bit of volume and all buys.
Come on Bradley, let's go!
I like it!
We wait and see I guess.
I'm hoping it is for a good reason so I took a chance.
Why do I see this on OTC Markets?
Authorized Shares 2,500,000,000 01/18/2024
Outstanding Shares 862,883,796
Your post:
Now it's .....
Authorized Shares 35,000,000,000
Outstanding Shares 26,400,805,640
It didn't take many shares to get this to .001
Just imagine a little volume here.
This could explode.
It will be fun to watch.
🍻
.001's hitting
Ask was .001 and Bid was .0008
The .0008 is interesting but yes it is after hours so maybe nothing.
New here, bought a bunch of millions last week.
So this is how it got to be VAYK,
Anyone want to tell me what happened or should I just keep reading?
Do we know if William “Bill” is still in charge?
Nov 2021
WSGF Ticker Symbol Change To VAYK Effective Tomorrow – Nov 12, 2021
November 11, 2021 14:56 ET | Source: World Series of Golf, Inc.
...
Dallas, Texas, Nov. 11, 2021 (GLOBE NEWSWIRE) -- World Series of Golf, Inc. (OTC Pink: WSGF) (OTC Pink: VAYK) ("WSGF”) earlier this week announced a name change to Vaycaychella effective in Wyoming where the company is incorporated. Tomorrow, November 12, 2021, the name change, and a new ticker symbol will go into effect everywhere the shares of the company are traded. The ticker symbol change from WSGF to VAYK.
The corporate name change to Vaycaychella reflects the company’s new business direction as a technology company operating in the short-term vacation property rental market upstream from technology companies to include Airbnb, VRBO, and Booking.com.
Last year, the company acquired a business in the short-term property rental market named Vaycaychella and proceeded to build a software application based on the business model of the acquired business. The company now supports entrepreneurs in financing the acquisition and renovation of short-term vacation rental properties through a P2P software application.
See a recent management update from the Company’s CEO, William “Bill” Justice, to learn more.
To learn more and keep up with the latest updates at Vaycaychella, and to access the Vaycaychella App, visit https://www.vaycaychella.com/.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
WSGF Contact:
William "Bill" Justice
bill@vaycaychella.com
(800) 871-0376
Bought a few today. Let's see what happens here.
I understand but this is the OTC and never say never.
Be real this time BRAD!
He did spend some time and money to bring it back to pink current.
Let's hope he has a plan to do something here.
WAIT FOR IT ! ! ! !
ORCA will be with you in a bit!
PINK current.
Let's go Brad!
For those that have been here as long as I have.
In 2012, Hempfield Township brought an action against Beacon Pennsylvania Holdings Inc. to demolish the glass factory. This action occurred before its own political committee with no neutral adjudicators. The Township obtained an Order before its own tribunal, consisting of its own representatives, to require the Company to demolish the structure in a manner that would not provide sufficient time for the Company to recycle or reclaim the bricks. Beacon Pennsylvania appealed the Order to the Court of Common Pleas of Westmoreland County, Pennsylvania, because of various procedural and factual errors that occurred during the proceeding. Hempfield Township never submitted the record on appeal for the case to move forward. In the event that the record on appeal is ever filed, and the Court does not agree with the contentions of Beacon Pennsylvania Holdings, the development would constitute a material event. Beacon Redevelopment, which intends to resume the recycling project in mid-2022, believes that allowing Beacon Pennsylvania Holdings Inc. to complete the program in a manner that allows for the recycling of the antique bricks on the property will benefit the community and the Company. Beacon Pennsylvania requires the revenue earned from recycling the bricks in order to clean the property. No firm will finance the project if unreasonable time limits are placed on the Company that interfere with the recycling process. Beacon Pennsylvania believes that, through effective communications, disputes can be resolved.
Interesting
5. The Company maintains a large number of outstanding loan obligations. To avoid default, the Company
negotiated with its lenders and creditors and obtained a moratorium on interest charges until no sooner than June
2024. At that time, the Company committed to renegotiate the interest based on the current prime rate plus a
percentage. However, interest is not accruing at this time and will not retroactively accrue. Prior applied interest
is contained within the loan amount.
They had Misc. Revenue of $120,000.00 for 2022
I wonder what that was?
Cool.
Get back to PINK!
https://www.otcmarkets.com/stock/BCND/disclosure
FILINGS AND DISCLOSURE
OTC Disclosure & News
https://www.otcmarkets.com/stock/ICTY/disclosure
ICTY looks to be all caught up and attorney letter in.
Bradley needs to start the ball rolling.
New lawyer letter today
Should be Pink Current tomorrow.