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 prior year. However, the company's Board of Directors issued a statement highlighting significant uncertainties surrounding its blockchain strategy and a key acquisition.
According to the Board's statement, the company had previously announced a cryptocurrency and blockchain strategy to supplement its existing business. However, due to factors beyond the company's control, including a more than 40% decline in Bitcoin's price since October 2025, the company has indefinitely suspended implementation of the blockchain initiative.
Further uncertainty surrounds the company's 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, were valued at $0.005 per common share at the time of acquisition. However, the company's common stock has recently traded at an average closing price below $0.001 per share.
The acquisition agreement includes a Valuation Adjustment Mechanism triggered if annual revenue exceeds $1.5 million, a threshold surpassed in 2025. This 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, given the current low stock price.
The company is 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 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.
Despite these challenges, the company remains committed to long-term growth and is actively exploring alternative strategies and opportunities. The full Board statement is available at PRISM MediaWire.
