VAYK Clarifies It Has No Business Connection to Persons Under SEC Charge
Vaycaychella (VAYK) has issued a clarification stating it has no material business connection with individuals charged by the SEC in September 2023. The company settled all debts with these former creditors prior to the charges, resulting in debt forgiveness of over $2.6 million and conversion of about $300,000 debt into restricted shares at $0.0073 per share.
The company has since transformed its business model by focusing on the domestic market and sold most of its old assets in June 2024 for a $320,000 profit. VAYK confirms that none of its current management or controlling shareholders are involved with or have information about these SEC charges.
Vaycaychella (VAYK) ha emesso una dichiarazione chiarendo di non avere alcun legame commerciale sostanziale con le persone accusate dalla SEC nel settembre 2023. L'azienda ha estinto tutti i debiti con questi ex creditori prima delle accuse, ottenendo un perdono del debito di oltre $2.6 milioni e la conversione di circa $300.000 di debito in azioni restrittive a $0.0073 per azione.
L'azienda ha da allora trasformato il proprio modello di business concentrandosi sul mercato domestico e ha venduto la maggior parte dei suoi vecchi beni nel giugno 2024 per un profitto di $320.000. VAYK conferma che nessuno della sua attuale direzione o dei soci di controllo è coinvolto o ha informazioni su queste accuse della SEC.
Vaycaychella (VAYK) ha emitido una aclaración indicando que no tiene ninguna conexión comercial sustancial con las personas acusadas por la SEC en septiembre de 2023. La empresa liquidó todas sus deudas con estos ex acreedores antes de las acusaciones, resultando en un perdón de deuda de más de $2.6 millones y la conversión de aproximadamente $300,000 de deuda en acciones restringidas a $0.0073 por acción.
Desde entonces, la empresa ha transformado su modelo de negocio enfocándose en el mercado nacional y vendió la mayor parte de sus antiguos activos en junio de 2024 por una ganancia de $320,000. VAYK confirma que ninguno de su actual gestión o accionistas controladores está involucrado o tiene información sobre estos cargos de la SEC.
Vaycaychella (VAYK)는 2023년 9월 SEC에 의해 기소된 개인들과 실질적인 사업 관계가 없다는 명확한 입장을 발표했습니다. 이 회사는 기소 이전에 이 전 채권자들과의 모든 채무를 청산했으며, 이로 인해 $2.6 백만 이상의 채무 면제가 이루어졌고 약 $300,000의 채무는 주당 $0.0073로 제한된 주식으로 전환되었습니다.
이 회사는 이후 국내 시장에 집중하여 비즈니스 모델을 변화시켰으며, 2024년 6월에 대부분의 구 자산을 $320,000의 이익으로 판매했습니다. VAYK는 현재 경영진이나 주요 주주가 SEC의 이 혐의와 관련이 없으며 정보를 가지고 있지 않다고 확인합니다.
Vaycaychella (VAYK) a publié un communiqué précisant qu'elle n'a aucun lien commercial significatif avec les personnes accusées par la SEC en septembre 2023. L'entreprise a réglé toutes ses dettes envers ces anciens créanciers avant les accusations, ce qui a entraîné une remise de dette de plus de 2,6 millions de dollars et la conversion d'environ 300 000 dollars de dettes en actions restreintes à 0,0073 dollars l'action.
Depuis, l'entreprise a transformé son modèle commercial en se concentrant sur le marché national et a vendu la plupart de ses anciens actifs en juin 2024 pour un bénéfice de 320 000 dollars. VAYK confirme qu'aucun de ses actuels dirigeants ou actionnaires contrôlants n'est impliqué dans ces accusations de la SEC ni n'a d'informations à ce sujet.
Vaycaychella (VAYK) hat eine Klarstellung herausgegeben, dass es keine wesentliche Geschäftsbeziehung zu den im September 2023 von der SEC angeklagten Personen hat. Das Unternehmen hat vor den Anklagen alle Schulden bei diesen ehemaligen Gläubigern beglichen, was zu einer Schuldenerlass von über 2,6 Millionen Dollar und zur Umwandlung von etwa 300.000 Dollar Schulden in eingeschränkte Aktien zu einem Preis von 0,0073 Dollar pro Aktie führte.
Seitdem hat das Unternehmen sein Geschäftsmodell transformiert, indem es sich auf den Inlandsmarkt konzentrierte, und verkaufte im Juni 2024 die meisten seiner alten Vermögenswerte mit einem Gewinn von 320.000 Dollar. VAYK bestätigt, dass keiner der aktuellen Geschäftsführer oder beherrschenden Aktionäre in diese SEC-Anklagen involviert oder darüber informiert ist.
- Debt reduction through forgiveness of $2.6 million
- Sale of old assets generating $320,000 profit in June 2024
- Business model transformation with domestic market focus
- Share price significantly below debt conversion price of $0.0073
- Previous connection to individuals charged by SEC may affect market perception
The company makes this clarification in response to multiple posts spread online in the past 24 hours, which attempt to link VAYK to charges filed by SEC against a number of persons. The charge itself was filed 12 months ago, in September 2023.
Further, the company confirms that none of its current managers or controlling shareholders hold any material information regarding these charges, and none of them have been questioned by SEC or any other authorities with regard to these charges.
All 5 persons charged by SEC were creditors of the company. However, the company had negotiated with those creditors and settled all the debts prior to the charges were filed. Under these settlements, those creditors forgave a total amount of more than
Some of these persons had received converted common shares of VAYK, prior to January 2022. As far as the management know, none of these persons still hold any significant amount of tradable shares of VAYK.
The company has since significantly changed and enhanced its business model, by refocusing on domestic market, and sold most of its old assets in June 2024 for a profit of approximately
All the above settlements and developments have been disclosed in previous filings and news releases.
"It is interesting that a seemingly orchestrated campaign was launched against our company in the past 24 hours by spreading negative 'news'," says Stephanie Anderl, interim CEO of VAYK. "But these are not even news. Whatever these people are interested in, they are in pages already turned over. We are focusing on our current business, and will work hard to achieve greater success."
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
View original content:https://www.prnewswire.com/news-releases/vayk-clarifies-it-has-no-business-connection-to-persons-under-sec-charge-302288842.html
SOURCE Vaycaychella, Inc.
FAQ
What is VAYK's connection to the SEC charges filed in September 2023?
How much debt did VAYK settle with the charged creditors?
What profit did VAYK make from selling its old assets in June 2024?
