VAYK Cancelled 20 million Shares at No Cost to Increase Shareholder Value
June 26 2025 - 9:33AM
InvestorsHub NewsWire
Atlanta, GA -- June 26, 2025
-- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") announced today that
the company has cancelled 20 million shares at no cost to the
company, a move that will increase the net equity per share for all
shareholders.
"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 $0.0073, which is 4 to 5
times higher than the current share price, and those shares will
need the company's consent to become free-tradable. The other
issuance is 20 million restricted shares issued at a price of
$0.0008, and those shares are what have been cancelled.
The company has also
eliminated $2.55 million in convertible debt, of which about $2.37
million was complete forgiveness or cancellation.
Earlier this year, the
company issued $500,000 of preferred shares to acquire a company
with $680,000 in profitable revenue. Those newly issued preferred
shares were issued with a conversion price of $0.005, which is
significantly higher than the current trading price.
"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 $0.0073 and $0.005 respectively, will benefit from a
premium."
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
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