Great Estate Blockchain, Inc. (OTC: VAYK), formerly known as Vaycaychella, Inc., reported over $2.0 million in revenue with close to $500,000 in operating profit for the fiscal year 2025, representing approximately 300% revenue growth over the same period last year. However, the company's Board of Directors issued a statement highlighting significant uncertainties that could impact future performance.
According to the statement, the company indefinitely suspended implementation of its blockchain and cryptocurrency strategy, which was announced in 2025. The initiative faced substantial uncertainty due to factors beyond the company's control, including a more than 40% decline in Bitcoin's price since October 2025. The company had previously indicated that the blockchain strategy had meaningful potential to contribute to growth, but market conditions have now made that uncertain.
Additionally, the company faces uncertainty regarding its home engineering business, which was the primary driver of revenue growth in 2025. This business was acquired in January 2025 through the issuance of 500,000 Series B preferred shares to the owner in exchange for a 50.1% equity interest. The Series B shares, if converted to common shares, would be valued at $0.005 per common share. However, the acquisition agreement includes a Valuation Adjustment Mechanism triggered when annual revenue exceeds $1.5 million—a threshold that was surpassed in 2025.
Due to market factors, the average closing price of VAYK's common shares has remained below $0.001 per share over the past month, significantly below the $0.005 valuation at the time of acquisition. As a result, the Valuation Adjustment Mechanism calls for the issuance of additional shares to the seller at a price that may not be in the best interests of the company. The company is currently engaged in active discussions with the owner of the acquired business regarding a potential amendment to the acquisition agreement. However, there can be no assurance that such an amendment will be reached. If an amendment cannot be agreed upon, it is anticipated that the acquisition may be reversed, which would result in significant adjustments to the company's financial performance in 2026.
The company remains committed to long-term growth and is actively exploring alternative strategies and opportunities to continue expanding its operations. The full statement from the Board of Directors is available in the original press release on PRISM MediaWire.
