Atlanta, GA -- August 15, 2024 -- InvestorsHub
NewsWire -- Vaycaychella, Inc. (OTC
Pink: VAYK) ("VAYK"), in its most recent filed of Q2 financial
statement, reports a net profit of over $310,550 for the second
quarter of 2024.
Net
Profit Added to Over $2.2 Million for the Past 18 Months
Its net profit for the first half of 2024 is
reported at $281,940.
This marks the third profitable half year
period, since the first half of 2023, when the company reported
$1.95 million profit.
The company reported $2.05 million net profit
for the whole year of 2023. Accumulatively, the company has made
over $2.2 million net profit in the past 18 months.
"This is a clear statement of our achievements
since we refocused our business strategy to domestic short-term
rental (such as Airbnb) market," asserts Stephanie Anderl, Interim
CEO of VAYK. "Our next goal is to generate operational profit,
which will help us to reach our goal of a $20 million portfolio of
short-term rental properties under management."
No
Free-tradable Shares Issued In More Than 2 Years
The filing also confirmed that the company had
not issued any unrestricted shares for the whole fiscal year of
2023. In fact, last time
the company issued any unrestricted shares was back in May 2022,
more than two years ago.
The only issuance of new shares during the
fiscal year of 2023 was 43 million restricted shares issued to a
former consultant to settle unpaid compensations. These shares are
not free-tradable, and the issuance price is $0.0073, way above the
current average trading price of the company's stocks.
Expecting
Operational Revenue to Start from This Month
Ms. Anderl cautions that net income in the past
10 months is mostly from exiting previous investment and
restructuring of investments. The company has not yet posted any
operative revenue, as its new business plan has only been
implemented since March 2024.
"We expect our operative revenue to start
flowing in, from this month," declares Anderl. "And we aim to turn
the company operationally profitable in Q4 this year."
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