VAYK Issues Clerical Correction to Feb 18 News Regarding Shareholder Premium
Vaycaychella (VAYK) has issued a correction to its February 18, 2025 news release regarding mathematical errors in calculating share price premiums. The company clarified that its preferred shares' conversion price of $0.005 is 6.25 times higher (not 40 times) than the current share price of $0.0008, and $0.0073 is 9.1 times higher (not 90 times) than $0.0008.
The original news detailed a no-cash acquisition worth $1 million, funded through $500,000 in preferred shares convertible after 24 months or when stock trades above $0.005. VAYK hasn't issued free-tradable shares since May 2022, with only two restricted share issuances since then: 43 million at $0.0073 and 20 million at $0.0008 (locked until July 2026). Additionally, an insider has purchased over 11 million shares since November on the open market.
Vaycaychella (VAYK) ha emesso una correzione al suo comunicato stampa del 18 febbraio 2025 riguardante errori matematici nel calcolo dei premi sul prezzo delle azioni. L'azienda ha chiarito che il prezzo di conversione delle sue azioni privilegiate di $0,005 è 6,25 volte superiore (non 40 volte) rispetto al prezzo attuale delle azioni di $0,0008, e $0,0073 è 9,1 volte superiore (non 90 volte) rispetto a $0,0008.
Il comunicato originale dettagliava un'acquisizione senza contante del valore di $1 milione, finanziata tramite $500.000 in azioni privilegiate convertibili dopo 24 mesi o quando il titolo scambia sopra $0,005. VAYK non ha emesso azioni liberamente commerciabili da maggio 2022, con solo due emissioni di azioni restrittive da allora: 43 milioni a $0,0073 e 20 milioni a $0,0008 (bloccate fino a luglio 2026). Inoltre, un insider ha acquistato oltre 11 milioni di azioni dal novembre scorso sul mercato aperto.
Vaycaychella (VAYK) ha emitido una corrección a su comunicado de prensa del 18 de febrero de 2025 sobre errores matemáticos en el cálculo de las primas del precio de las acciones. La compañía aclaró que el precio de conversión de sus acciones preferentes de $0.005 es 6.25 veces más alto (no 40 veces) que el precio actual de las acciones de $0.0008, y $0.0073 es 9.1 veces más alto (no 90 veces) que $0.0008.
El comunicado original detallaba una adquisición sin efectivo por valor de $1 millón, financiada a través de $500,000 en acciones preferentes convertibles después de 24 meses o cuando la acción cotice por encima de $0.005. VAYK no ha emitido acciones negociables desde mayo de 2022, con solo dos emisiones de acciones restringidas desde entonces: 43 millones a $0.0073 y 20 millones a $0.0008 (bloqueadas hasta julio de 2026). Además, un insider ha comprado más de 11 millones de acciones desde noviembre en el mercado abierto.
Vaycaychella (VAYK)는 2025년 2월 18일자 보도자료에서 주가 프리미엄 계산에 대한 수학적 오류를 수정했습니다. 회사는 자사 우선주 전환 가격이 $0.005로 현재 주가인 $0.0008보다 6.25배 높으며(40배 아님), $0.0073은 $0.0008보다 9.1배 높다고(90배 아님) 명확히 했습니다.
원래 보도자료는 100만 달러의 현금 없는 인수에 대해 자세히 설명하며, 이는 24개월 후 또는 주가가 $0.005를 초과할 때 전환 가능한 50만 달러의 우선주를 통해 자금 조달되었습니다. VAYK는 2022년 5월 이후로 자유롭게 거래 가능한 주식을 발행하지 않았으며, 그 이후로 두 번의 제한된 주식 발행만 있었습니다: $0.0073에 4,300만 주와 $0.0008에 2천만 주(2026년 7월까지 잠금). 또한, 내부자는 11월 이후로 공개 시장에서 1,100만 주 이상의 주식을 구매했습니다.
Vaycaychella (VAYK) a émis une correction à son communiqué de presse du 18 février 2025 concernant des erreurs mathématiques dans le calcul des primes de prix des actions. La société a précisé que le prix de conversion de ses actions privilégiées de 0,005 $ est 6,25 fois plus élevé (et non 40 fois) que le prix actuel de l'action de 0,0008 $, et que 0,0073 $ est 9,1 fois plus élevé (et non 90 fois) que 0,0008 $.
Le communiqué original détaillait une acquisition sans espèces d'une valeur de 1 million de dollars, financée par 500 000 $ d'actions privilégiées convertibles après 24 mois ou lorsque l'action se négocie au-dessus de 0,005 $. VAYK n'a pas émis d'actions négociables depuis mai 2022, avec seulement deux émissions d'actions restreintes depuis lors : 43 millions à 0,0073 $ et 20 millions à 0,0008 $ (bloquées jusqu'en juillet 2026). De plus, un initié a acheté plus de 11 millions d'actions depuis novembre sur le marché ouvert.
Vaycaychella (VAYK) hat eine Korrektur zu seiner Pressemitteilung vom 18. Februar 2025 bezüglich mathematischer Fehler bei der Berechnung der Aktienpreisprämien herausgegeben. Das Unternehmen stellte klar, dass der Umwandlungspreis seiner Vorzugsaktien von $0,005 6,25-mal höher (nicht 40-mal) ist als der aktuelle Aktienkurs von $0,0008, und $0,0073 ist 9,1-mal höher (nicht 90-mal) als $0,0008.
Die ursprüngliche Mitteilung beschrieb eine akquisitionsfreie Transaktion im Wert von 1 Million Dollar, die durch 500.000 Dollar in nach 24 Monaten umwandelbaren Vorzugsaktien finanziert wurde oder wenn die Aktie über $0,005 gehandelt wird. VAYK hat seit Mai 2022 keine frei handelbaren Aktien mehr ausgegeben, mit nur zwei beschränkten Aktienemissionen seitdem: 43 Millionen zu $0,0073 und 20 Millionen zu $0,0008 (bis Juli 2026 gesperrt). Darüber hinaus hat ein Insider seit November über 11 Millionen Aktien am offenen Markt gekauft.
- No-cash acquisition of $1M company completed
- No free-tradable shares issued since May 2022
- Insider purchased 11M+ shares since November
- Preferred shares conversion price ($0.005) is 6.25x current share price
- No immediate dilution for current shareholders
- Company issued correction for mathematical errors in previous PR
- Current share price trading at significant discount ($0.0008)
- 20M restricted shares pending release in July 2026
The news release correctly stated that their newly issued preferred shares were issued with a conversion price of
However, due to a clerical error involving an incorrect formula, the news release erroneously claimed that
A similar clerical error occurred when the news release incorrectly stated that
"These clerical errors are regrettable," said Stephanie Anderl, Interim CEO of VAYK. "However, they are very basic mathematical errors, and any reasonable person should be able to recognized them."
"More importantly, whether it was 40 times higher or 6.25 times higher should not have any material impact on any investors' profit or loss at this moment or in the foreseeable future, and therefore should not have any material impact on any investors' decisions," Anderl added.
A corrected full version of the February 18 news release is attached below.
====== Full text of Corrected News Release dated February 18 ========
VAYK Confirms No Dilution Following Recent Acquisition and 11 Million Insider Purchase
(
1. No Dilution Until 24 Months Later & Above
"We completed this no-cash acquisition by issuing to the seller preferred shares with a total face value of
Even when those shares become eligible for conversion, the conversion will be conducted at a fixed price of
"Our common stocks closed at
2. No Free-tradable Shares issued for Almost 3 Years
In fact, VAYK has not issued any free-tradable shares since May 2022, which is almost 3 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
Anderl emphasized that the company is committed to not issuing any free-tradable shares until its share price rebounds to a "reasonable level".
"We understand that people will have different opinion on what a reasonable level should be," said Anderl. "Let me put it in this way: we believe that it is unreasonable for a company to issue low-cost shares to flood the market, when there are still substantial number of investors who have purchased our shares in the last 3 years are under water."
3. Insider Purchase of Over 11 Million Shares
Additionally, Anderl disclosed that a person who holds insider information has purchased more than 11 million shares on the open market since last November.
"The insider made those purchases because they believed there were no other channels to acquire our common shares at the current price level," elaborate Anderl. "As our disclosure has shown, the company has not issued any low-cost shares in the past three years and will definitely not issue any free-tradable shares at the current market level. Anyone who wants to own shares at the current market price level will have to buy from the open market."
Anderl shares that the insider has expressed their intention to purchase more share on the open market, but has given no indication about the timing and volume of future purchases. Also, since VAYK is not SEC reporting, insider trading will not be disclosed on Form 4 or Form 5 but will be disclosed alternatively.
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.
FAQ
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