Investors are always on the lookout for the next stock to track, and this morning it may be a good idea to consider taking a closer look at the Vaycaychella Inc. (OTC: VAYK) stock. As it happens, the company was in the news cycle on Tuesday after it made a major new announcement, which may have come as a positive.
Key Announcement
In the news release from the company yesterday, it was revealed that the Vaycaychella common shares would not be diluted at all following the closure of an acquisition of a company worth as much as $1 million. It was noted by the company that the acquisition had been closed following the issuance of preferred shares worth $500,000 to the seller. The preferred shares were non-tradable and could only be converted 24 months from the date of issuance or when the Vaycaychella traded in a stable state above the threshold of $0.005 each.
Further Information
It was noted that the day before, the common stock of the company closed for the price of $0.0008 a share, and that was a fortieth of the conversion price of the preferred shares. The company also stated that it had not issued any freely tradable shares since May 2022.
CEO Quote
“We completed this no-cash acquisition by issuing to the seller preferred shares with a total face value of $500,000,” explained Stephanie Anderl, interim CEO of VAYK. “These preferred shares are non-tradable. They can only be converted after 24 months or when our stocks are stably traded above $0.005 per share.”
Traders Notes
| +/- EMA(20) | 0.0008 (+0.00%) |
| +/- SMA(50) | 0.0008 (+0.00%) |
| +/- SMA(200) | 0.0008 (+0.00%) |
| 5-Day Perf. | +14.29% |
| 1-Month Perf. | +60% |
| 3-Month Perf. | +33.33% |
| 6-Month Perf. | -11.11% |
| YTD Perf. | – |
| 1-Year Perf. | -42.86% |
| RSI(14) | 50.32 |
| ATR(14) | – |
| ADX(14) | 20.27 |
| Beta (5Y) | 1.53 |
