Vaycaychella Inc. (OTC:VAYK) Stock In Action: What’s the Buzz?
This morning, it may be a good idea for investors to consider keeping a closer eye on the Vaycaychella Inc. (OTC:VAYK) stock in light of the latest developments related to the company. On Thursday, the company announced that, after consultation with legal experts, it had been confirmed that Vaycaychella was eligible for an investment of $1.8 million under the provisions of a federal program better known as EB5.
In this context, it should be noted that EB5 was devised as a legal immigrant program in 1990 for the purpose of stimulating the United States economy by way of capital investment by foreign investors and consequent job creation. As per the provisions of the program, investors had been given the entitlement to buy lawful permanent residence in the country under two conditions. One of those conditions is an investment of $1.8 million in a commercial enterprise based outside of the United States. The other condition is to create or maintain at least 10 permanent jobs for qualified American workers.
The company announced yesterday that it had contacted many foreign investors who could be interested in making investments of $1.8 million in Vaycaychella so as to help in the development of short-term AirBnb-style rental projects in Atlanta. The company stated that it expected an investment of $1.8 million at an interest of 0% in the form of a loan for a term of 5 years. The company would start paying back the loan after 5 years at an interest rate that would be favorable to its interests and continue to pay it back over a period of 10 years.
The announcement was made by the company after a project in downtown Atlanta named ‘the Stitch’ had managed to bag a federal grant to the tune of $157 million. It remains to be seen if the stock comes into focus today.
