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Strong buy at 0.0015 today. Perhaps something is coming...
At least their biz plan is legit. The concept is good, i.e. borrowing money to invest in Cuba and hope for US-Cuba relation normalization. Whether Justice is capable of these plan is another topic. We never know. People had thought Steve Jobs couldn’t achieve anything and the Apple board had actually fired him, before he became the most successful entrepreneur in his time. Justice has been CEO only for 3 years and maybe he’ll have better luck this year.
And they are talking about expansion of management team in their last PR.
Took a while but I figured out VAYK acquisition debt note. The below is my interpretation after reading VAYK's filings over the weekend:
In 2019 VAYK borrowed $1.3 million from a third-party and used $1.25 million of that $1.3 million to acquire 10 properties in Cuba. This answered @Slojab 's question "where did VAYK get that $1,250,000". Very simple: they borrowed money and re-invested them.
Borrowed money is their Note Payable. Invested money is their Note Receivable. The latter, I assume, is mortgaged on the Cuban properties.
This is an audacious plan. At that time people talked about normalization of US-Cuba relationship under Obama/Clinton. If that happened, those properties' value would go rocket high, probably 5X - 10X. VAYK would make $5 - 10 million, which explains its stock soared to above $0.02, and the company is valued at $12 million. But Trump won, and he embargoed Cuba again.
The problem, as far as I can see it, is VAYK borrowed money to buy properties, and they probably have defaulted on their loan. So they are likely subject to penalties etc. That's why their Note Payable, as of today, is bigger at $1.9 million than their Notes Receivable ($1.6 million). In short their is an interest gap.
But that is not as bad as @Slojab wanted us to believe. The Note is 5 years old. Over 5 years it has only accumulated $300K interest gap. That's NOT a "huge debt". Nor is it a "death spiral". And the company says they are negotiating on more debt forgiveness and that probably covers this $300K.
IMO the company has made the right decision to walk away from the Cuban deal and is refocusing on domestic Airbnb market. They have an APP for that purpose. They need to focus on developing that APP and deliver on their promise of building up a $20 million portfolio of Airbnb. If so, the valuation may go back to $15 -20 million and their share price may bounce back to above $0.02.
I think you misdirected your response which is not meant for me, as I am long just like you. And yes, someone on this board seems enjoying others’ loss and teasing them. I do think he doesn’t have a good intention
That’s others should pay VAYK huge money back. You really don’t know what “Note Receivable” means? It means VAYK is the debtor. Again I am entertained how less you know about reading a company’s financials.
Again you don't know what you are talking. There will be NO death spiral if there are no dilution, cuz death spiral only works when the debtor can convert their debts into unlimited amount of stocks (while short-selling the company).
Also, "Note Receivable" represents debt owed to the Company by others. It is not VAYK's debt. Its someone else owes VAYK money.
You are really entertaining.
Now you are spreading lies. The company says they are managing Airbnb but you insist that they can only be apartment management? What's your source? Did you see their contract? Did you talk to Mr Justice? If you have nothing to back you up, you are telling a lie. And it is a serious issue to spread lies with an intention to influence stock trading. You should be more careful about what is coming out of your mouth.
Airbnb much more profitable than apartment manager.
I know people who rent apartment and (illegally) resell as Airbnb/Vrbo and make lots of money. The income from Airbnb way higher than the month rent they pay. But it violates their contracts, so if the apartment find out they will be put out and fined.
Short-term rental is highly lucrative business and there are just not enough properties as such. If Vaycaychella can amass $20 million Airbnb properties to legally operate as Airbnb they will probably make tons of money.
Company needs filing Form-211 otherwise trading still limited. If you go to offical OTC website www.otcmarketing.com and check VAYK, you'll see this warning:
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
That's what's happening here: wide spreads, high volatility. Unless the company files Form-211 with FINRA it won't change much.
0.0017 shares are gone in few minutes. Now the lowest ask is 0.0018. Like I said, there aren't no more cheap shares left. If buyers don't bid higher they won't get it.
Honestly i dunno. Perhaps buyers not convinced yet. As you said the company is just out of "expert market" and people are still watching. But i do believe that all cheap shares are gone. I researched and it is super thin between 0.002 and 0.004. And the newly issued shares of the company (last sept) have a conversion price of $0.007, as @InfiniteAlchemist33 pointed out yesterday. So there should be not much selling power left. If we have new buyers I believe this ticker will soar.
AAMOF doesn't look like PPS manipulation today. There's a big spread between bid (0.0012) and ask(0.0018) so it is likely legit. My interpretation is that buyers still want to get shares cheap, but the cheap shares have dried out. Those who loaded at below 0.001 have sold most of their shares to take profit. Those who still have shares no longer want to sell below 0.0018. This is my best guess.
You still haven't answered my question: what's your criteria for "good investments" on OTC companies? Or do you believe that all penny stocks are bad investments?
I have given you my answer. I believe that 90% of OTC penny stocks will eventually fail. So my investment strategy is to buy at their early stage, and exit when they make certain progresses and meet certain milestones. Do not hold for long term because in long term most penny stocks will likely fail. So i don't care if a company has a future. If it can continue progressing for 2-3 years I will think it is a "good investment".
You don't get it because you have no sense of real business. You are probably looking for next apple or google or GE here. But these OTC companies are for sure not the next appl or google. That's why you always sound so sour and negative.
Flipping is probably only reason to invest in penny stocks, at least for retail investors. So i don't know why you are here if you are not talking to traders and flippers. Who do you think are reading your posts? Venture capitalists? Billionaire strategic investors? LOL they don't buy millions of shares at 0.0001 like i do. I understand that you may think you are on a mission, but your perspective is irrelevant for penny stocks.
Put it this way: 90% of small businesses in USA would get bankrupted within 5 years of incorporation. Almost all penny stocks are small businesses so they have a 90% chance to fail. That is the game. Don't tell me to invest in any penny stocks and hold for 5 years. I will buy low and sell high. And I will advise you to do the same.
Seriously, what's your criteria of good news? What will be the reason for you to think people should buy millions of shares of any penny stocks?
No intention to stalk you, but i do look into your recent posts across boards. Appears that you are talking down on various stocks without endorsing any one. Are you a penny stock investor? Or are you a preacher whose mission is to prevent people from buying any penny stocks? If your conclusion is "don't buy any penny stocks" perhaps you can honestly state so.
As for VAYK, you have been talking negative about it since the PPS was $0.0001. Those who bought at that price could have made over 1000% profit. Will you admit that you were wrong?
They were on the book. It the same as your student loan. It may be old, and you may have no plan to pay it off, but it is there and have an impact on your credit, and you still have to pay interest every year. Would it be a great news if your student loan got forgiven?
Isn't it true? Where is the misleading?
If so new bottom should be above $0.01. If someone's conversion price is $0.007 he won't make any profit selling at that price, due to fees/commissions and other costs. He'll only profit selling above $0.01. And since he is likely a pro he may want 50% or higher margin, so his exist price may be between $0.015 - $0.02.
For those who doesn't pay attention to the number of zeros, that target price is 10x higher than the current trading price.
3-5 mil should be enough to break 0.002 IMO (Level 2 shows 695K shares for sale at 0.0019, but there must be some hidden asks, so i estimate 3-5 million). Overall this thing is super thin. I pulled out its trading data in 2023. Under $0.004 there had only been a few million shares traded at each point, and it is only at and above $0.004 we may see tens of millions volume of resistance.
Not advice: Technically it should go to $0.0030 after the recent PR.
Some people don't see why that PR is great news. It says the company has reduced $2 mil debt which equals to increase of $2 mil net equity. Allocated to 900 mil shares (actually floating shares are 850 mil) that is about $0.0021/share. The closing price was 0.009 before the PR. So technically the fair market price of VAYK share should be 0.009+0.0021=$0.0030
I am not saying that the PPS will reach $0.0030. It may not. I just want to debunk some claims that the PR was all fluff.
Reducing $2mil debt equals to $2mil profit, financially. According to the recent PR the company have reduced debt by $2 mil and may reduce another $1 million. Let this sink in.
you should ask those who bought millions of stocks since yesterday.
Over 2 mil bought at 0.0018. I said it would not hit 0.0020 today, i might be wrong. If a few more bigger buyers enter the game, it is possible that we'll see 0.002 sooner than i expected.
Sorry for you. Unlikely it'll fall back to trips. I pulled out trading data this thing is supper thing between 0.0020 - 0.0040. There will be bigger resistance beyond 0.0040. It's just my opinion based on trading data and i can be totally wrong.
Have you got your 1 mil buy order fulfilled??? I hope you have, because this thing moved very fast yesterday to become way above your bid price.
Solid support at 0.0016. Doesn't look like it will break 0.0020 today, though.
0.0019! That's an 18-month high. Bye-bye trips.
Feeling bad for those who sold millions at 0.0006 a few days ago.
Agree. Market cap will be $9mil if PPS hits $0.01. And $9 mil is not a big number at all. I've seen OTC stocks with no real business and losing chunk of money but their market caps are in tens of millions. This company has a realistic business plan.
More importantly, it hasn't issued any share since 2022, which means there will be no cheap shares from insiders to flood the market.
$4200/0.0012=3.5 mil shares. You can get rich if this thing hits $0.30 you'll be a millionaire LOL
0.0012 is a twelve-month new high, meaning everyone bought this stock in the past one year are in the green.
If it goes to 0.0030 it'll be a 18-month high.
you can't be down in the past few weeks. Currently it's 0.0012 the highest point in the past 12 months.
If you were 70% down when it was $0.001 last hour, your entry price would be 0.0017. Last time this thing traded that high was November 2022, about 14 months ago.
So when did you buy your shares?
Hits 0.0015 for the second time today. It took only 7 mil volume (approximately $9,000) to get here. If someone through a few more thousand dollars on her, it may reach 0.0020 very soon.
They can legally hide your 1 mil bid by posting another bid at the same price but of much smaller volume. Because the system is designed to satisfy smaller bids first, it will always show the smaller bid and hide yours....And you can't beat them on this game. Say if you raise your bid to 0.0007 for 1 million shares, they may put another bid of 10,000 shares at 0.0007, and your bid will become invisible again.
Again, 500 shares at 0.0007(of 35 cents value). Who want to sell 35 cents of shares? And at a price 20% lower than last trading price? Tell me this is not a desperate attempt to manipulate share price.
Someone traded 325 shares to put down PPS@0.0005. That should be illegal. No sensible investor would trade $0.16, literally 16 cents, of any stocks. I may be wrong but it is just too hard for me to believe it was not an attempt of manipulation. I think there should be rules banning people from trading less that $1.
Anybody notices that VAYK is updating their website?
www.vaycaychella.com
At least they have fixed their SSL certificate. And it is no longer a "We are back" page.
Level 2 only shows the lowest ask and highest bid from each broker. So there are still lots of bids and asks in the dark, of which the MMs have info.
My point is NO DILUTION AT THIS MOMENT. Particularly not in association with their becoming Pink Current. I never say that they won't dilute. Heck all pink sheet companies have to issue new shares to survive. I am saying that there is no dilution right now so it is an opportunity for retail investors. Oftentimes retail investors wait too long till there are "big good news", but big good news means business expansion and therefore more CapEx and more shares need to be issued and, more dilution. It may be wiser to invest before the "big good news" and exit after big good news but before dilution hits the market.
VAYK issued ZERO shares since May 2022. It issued 43 mil shares in Sept 2023 but those are restricted, and won't hit the market till Sept 2024 or later. These are from their Q3 filings
https://www.otcmarkets.com/otcapi/company/financial-report/388798/content
I don't think they dare to lie in their filings
The O/S charts you posted are not VAYK. The one that looks like VAYK (with similar amount of shares) is of TMSH. I don't know what you are doing here.