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 that could impact future performance.
According to the board's statement, the company had previously announced a cryptocurrency and blockchain strategy to supplement its existing business. That initiative has been indefinitely suspended due to substantial changes in market conditions, including a more than 40% decline in Bitcoin's price since October 2025. The board noted that the blockchain initiative had encountered significant uncertainty driven by factors beyond the company's control.
Additionally, the company faces uncertainty regarding its home engineering business, which was the primary driver of revenue growth in 2025. This line of 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 preferred shares, if converted to common shares, would be valued at $0.005 per common share.
The acquisition agreement includes a built-in Valuation Adjustment Mechanism triggered if annual revenue of the acquired business exceeds $1.5 million, a threshold surpassed in 2025. However, due to market factors, the average closing price of the company'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 mechanism calls for issuance of additional shares to the seller at a price that may not be in the company's best interests.
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, resulting in significant adjustments to the company’s financial performance in 2026.
The board stated that the company remains committed to long-term growth and is actively exploring alternative strategies and opportunities to continue expanding its operations. The full statement is available on the company’s news release via PRISM MediaWire.
