Business
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months.
About this update from Vaycaychella Inc.
[{"type":"text","content":"\n\n\n\nVAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months\nPR Newswire\nATLANTA, Ga., Aug. 15, 2024\n\n\n\nATLANTA, Ga. , Aug. 15, 2024 /PRNewswire/ -- 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. \n\nNet Profit Added to Over $2.2 Million for the Past 18 Months\nIts 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.\nThe 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.  \n\"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.\"\nNo Free-tradable Shares Issued In More Than 2 Years\nThe 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.\nThe 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.\nExpecting Operational Revenue to Start from This Month \nMs. 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...