When the 3/31 report comes out, why would anyone holding this be happy? They just printed 15 million dollars off a bunch of investors that were held in the dark while they toxic diluted around 400,000,000 shares.
They also took 3 months just to show/post they added 750,000,000 more authorized shares in December which they have been diluting with since.
So basically, they are attracting new investors with what appears to be a low share structure, paying for a ton of PR's that don't give any info on why investors would want to use their app, but using ABNB and Robinhood and attracting people in, then selling 400M shares at the same time.
Which by the way, this Beta app is TERRIBLE. I had access to it from a friend and it seems like a 6 year old made it.
They want to charge 5% for the 2 end users to make deal, but Vaycaychella has o part of the deal, or negotiations or any legalities associated with it. The people seeking investments are high risk people that cannot get loans. Clearly they have no equity in the home or they could do a HELOC. No investor will use this and that means no $$ will come through the app. Will fail miserably in my opinion.
They basically are trying to get paid 5% on real estate sales when they have 0 skin in the game and created an app that 2 people meet on. It's like Tinder, but they want to charge the 2 people to go on a date.
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