VAYK Cancelled 20 million Shares at No Cost to Increase Shareholder Value
Vaycaychella (OTC Pink: VAYK) has announced the cancellation of 20 million shares at no cost to the company, aimed at increasing shareholder value. The company has not issued any free-tradable shares since May 2022 and has eliminated $2.55 million in convertible debt, with $2.37 million being complete forgiveness.
VAYK has made only two restricted share issuances: 43 million shares at $0.0073 and 20 million shares at $0.0008 (now cancelled). Earlier this year, the company issued $500,000 of preferred shares with a conversion price of $0.005 to acquire a company generating $680,000 in profitable revenue.
Vaycaychella (OTC Pink: VAYK) ha annunciato la cancellazione di 20 milioni di azioni senza alcun costo per la società, con l'obiettivo di aumentare il valore per gli azionisti. La società non ha emesso azioni liberamente negoziabili dal maggio 2022 e ha eliminato un debito convertibile di 2,55 milioni di dollari, di cui 2,37 milioni completamente cancellati.
VAYK ha effettuato solo due emissioni di azioni vincolate: 43 milioni di azioni a 0,0073 dollari e 20 milioni di azioni a 0,0008 dollari (ora cancellate). All'inizio di quest'anno, la società ha emesso azioni privilegiate per 500.000 dollari con un prezzo di conversione di 0,005 dollari per acquisire un'azienda che genera 680.000 dollari di ricavi redditizi.
Vaycaychella (OTC Pink: VAYK) ha anunciado la cancelación de 20 millones de acciones sin costo para la empresa, con el objetivo de aumentar el valor para los accionistas. La compañía no ha emitido acciones de libre negociación desde mayo de 2022 y ha eliminado una deuda convertible de 2,55 millones de dólares, de los cuales 2,37 millones fueron perdonados por completo.
VAYK solo ha realizado dos emisiones de acciones restringidas: 43 millones de acciones a 0,0073 dólares y 20 millones de acciones a 0,0008 dólares (ahora canceladas). A principios de este año, la empresa emitió acciones preferentes por 500.000 dólares con un precio de conversión de 0,005 dólares para adquirir una compañía que genera 680.000 dólares en ingresos rentables.
Vaycaychella (OTC Pink: VAYK)는 주주 가치를 높이기 위해 회사 비용 없이 2,000만 주를 취소했다고 발표했습니다. 회사는 2022년 5월 이후로 자유롭게 거래 가능한 주식을 발행하지 않았으며, 255만 달러 상당의 전환 부채를 없앴고, 그중 237만 달러는 전액 탕감되었습니다.
VAYK는 제한된 주식 발행을 두 번만 했습니다:
Vaycaychella (OTC Pink : VAYK) a annoncé l'annulation de 20 millions d'actions sans frais pour la société, visant à augmenter la valeur pour les actionnaires. La société n'a pas émis d'actions librement négociables depuis mai 2022 et a éliminé une dette convertible de 2,55 millions de dollars, dont 2,37 millions ont été totalement annulés.
VAYK n'a effectué que deux émissions d'actions restreintes : 43 millions d'actions à 0,0073 $ et 20 millions d'actions à 0,0008 $ (maintenant annulées). Plus tôt cette année, la société a émis 500 000 $ d'actions privilégiées avec un prix de conversion de 0,005 $ pour acquérir une entreprise générant 680 000 $ de revenus rentables.
Vaycaychella (OTC Pink: VAYK) hat die kostenfreie Stornierung von 20 Millionen Aktien angekündigt, um den Aktionärswert zu steigern. Das Unternehmen hat seit Mai 2022 keine frei handelbaren Aktien ausgegeben und 2,55 Millionen US-Dollar an wandelbaren Schulden eliminiert, davon wurden 2,37 Millionen vollständig erlassen.
VAYK hat nur zwei eingeschränkte Aktienausgaben vorgenommen: 43 Millionen Aktien zu 0,0073 US-Dollar und 20 Millionen Aktien zu 0,0008 US-Dollar (jetzt storniert). Anfang dieses Jahres gab das Unternehmen bevorzugte Aktien im Wert von 500.000 US-Dollar mit einem Umwandlungspreis von 0,005 US-Dollar aus, um ein Unternehmen zu erwerben, das 680.000 US-Dollar profitablen Umsatz generiert.
- Cancellation of 20 million shares at no cost, improving shareholder equity
- Elimination of $2.55 million in convertible debt, with $2.37 million forgiven
- No free-tradable shares issued since May 2022, reducing dilution risk
- Acquisition of profitable business generating $680,000 in revenue
- Recent share issuances priced above current market price, potentially beneficial for current shareholders
- Current trading price is 4-5 times lower than recent restricted share issuance price of $0.0073
- Company trading on OTC Pink market, which carries higher risks
"It's part of our continuous campaign to increase shareholder value," said Jason Armstrong, director of the board of the company. "Since the takeover by the new management team, the company has made a good effort to reduce the total outstanding shares, including eliminated debt instruments that can be converted into shares."
In fact, VAYK has not issued any free-tradable shares since May 2022, which is over three years ago. The company has only delivered two issuances of restricted shares since then. These include approximately 43 million restricted shares issued at a price of
The company has also eliminated
Earlier this year, the company issued
"Theoretically, shares issued at a price (or conversion price) much higher than the current share price will not cause any dilution," highlighted Armstrong. "Instead, any shareholders who have purchased or will purchase VAYK stocks below the issuance price or conversion price, which are
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.
VAYK Contact:
Contact@Vaycaychella.com
+1 470-804-7144
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SOURCE Vaycaychella, Inc.
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