web analytics
1.2 C
Munich
Friday, December 2, 2022

Vitana-X, Inc (OTC: VITX) Major Reversal in the Works as Co Makes Strategic Move into Online Boat Rentals; River-24.com

Vitana-X, Inc (OTC: VITX) has been making a steady run northbound since the Company announced it has made a strategic move into operating an online platform for boat rentals; River-24.com, with this VITX has embarked on an ambitious new vision of becoming the Uber of Boat Rentals. VITX has immediately attracted a large and growing shareholder base at current levels; the stock has a history of huge moves skyrocketing from triple zeroes to $0.037 per share in February of last year. At current price levels VITX trades at a total market valuation of just $6,668,507 and 1,304,872,092 free trading shares worth $3.5 million. VITX has a significant gap to fill from current levels, has momentum and liquidity, is priced cheap and is currently under heavy accumulation by a growing list of heavy hitters in small caps. 

On March 22 VITX announced it has divested its previous business of being a provider of comprehensive programs for greater well-being, fitness and health with a wellness network marketing program and made a strategic move into operating an online platform for boat rentals, with River-24.com, with this VITX has embarked on an exciting new vision of becoming the Uber of Boat Rentals. There is huge growing demand for yacht/boats. On-demand boat rental services are now available in more than 184 countries globally. The number of boats listed on these platforms have grown by 9X in the past 5 years. Many on-demand boat rental operators have seen organic growth in EU without heavy marketing push. Post COVID-19, due to social distancing rules, boating will see increased usage as a recreational activity due to the nature of the activities. The global boat rental market is projected to surpass valuation of $19.7 billion by 2030, expanding at a CAGR of ~5% during the forecast period. 

Vitana-X, Inc (OTC: VITX) operating out of Miami, Florida has created a new division called River-24 an online platform at river-24.com to rent boats and yachts worldwide. Whether it’s a short sail around the bay, a day-long fishing excursion, or a week-long island-hopping charter, River-24 will offer unique on-the-water experiences for everyone and every budget. River-24 is looking to make boating affordable and accessible for first-time boaters by providing an easy way to connect qualified renters, boat owners, and licensed captains. 

Microcapdaily first reported on VITX back on March 17, 2021 stating at the time: “Vitana-X, Inc (OTC: VITX) is one of those fast runners that penny stocks speculators dream about recently skyrocketing out of the triple zeroes to highs of $0.038 per share. After a pullback the stock has formed a powerful base over the $0.02 mark where serious accumulation has begun in earnest. The stock took off in December as a new era of penny stock speculators take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than VITX has. As management works hard behind the scenes completing past filings to up list to fully reporting otcqb, the shorts and mms play a dangerous game they may soon regret.  VITX speculators, and there are a lot of them and growing larger by the day are looking for a return to previous highs and a powerhouse break over the $0.038 mark entering a serious blue-sky breakout!   

https://twitter.com/TVestor3/status/1506608683828056067

To Find out the inside Scoop on VITX Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

VITX

On March 22 the Company announced it has divested its previous business of being a provider of comprehensive programs for greater well-being, fitness and health with a wellness network marketing program and made a strategic move into operating an online platform for boat rentals, with River-24.com, with this VITX has embarked on an exciting new vision of becoming the Uber of Boat Rentals. 

There is huge growing demand for yacht/boats. On-demand boat rental services are now available in more than 184 countries globally. The number of boats listed on these platforms have grown by 9X in the past 5 years. Many on-demand boat rental operators have seen organic growth in EU without heavy marketing push. Post COVID-19, due to social distancing rules, boating will see increased usage as a recreational activity due to the nature of the activities. The global boat rental market is projected to surpass valuation of $19.7 billion by 2030, expanding at a CAGR of ~5% during the forecast period. 

The emergence of Airbnb and Uber have laid the groundwork for sharing economy to thrive. On-demand boat rental is a good example of that. They have made the idea of sharing more acceptable, allowing for better utilization of resources, be it a car, house, or even boating. Most of the private boats in the U.S. and Europe sit unused for ~90% of the year. Maintenance, taxes, marina rental and other expenses make ownership incredibly expensive. All these reasons mean boats have a strong potential to grow in the booming sharing economy. For every boat owner in U.S. and Europe, it is believed there will be ten people who can pay for renting a boat just to get an experience of being in the water. Europe is and will remain the biggest on-demand boat rental market in 2020 and 2025. In terms of fleet size, Croatia alone accounts for 20% of global on-demand boat rental fleet followed by Greece with 15% and U.S. for 8%. In the U.S., in 85% cases boaters do not own a boat. They borrow one from a friend or a relative. Renting happens in just 8% of overall case. 

VITX also reported Bernhard Sammer and Dirk Richter have stepped down from the Board of Directors and are no longer part of Vitana-X Inc. Sven Kendziorra and Olaf Strathe were appointed as the new Board of Directors. 

For more on VITX Subscribe Right Now!

Recap: VITX has been making a steady run northbound since the Company announced it has made a strategic move into operating an online platform for boat rentals; River-24.com, with this VITX has embarked on an ambitious new vision of becoming the Uber of Boat Rentals. VITX has immediately attracted a large and growing shareholder base at current levels; the stock has a history of huge moves skyrocketing from triple zeroes to $0.037 per share in February of last year. At current price levels VITX trades at a total market valuation of just $6,668,507 and 1,304,872,092 free trading shares worth $3.5 million. VITX has a significant gap to fill from current levels, has momentum and liquidity, is priced cheap and is currently under heavy accumulation by a growing list of heavy hitters in small caps. On March 22 VITX announced it has divested its previous business of being a provider of comprehensive programs for greater well-being, fitness and health with a wellness network marketing program and made a strategic move into operating an online platform for boat rentals, with River-24.com, with this VITX has embarked on an exciting new vision of becoming the Uber of Boat Rentals. There is huge growing demand for yacht/boats. On-demand boat rental services are now available in more than 184 countries globally. The number of boats listed on these platforms have grown by 9X in the past 5 years. Many on-demand boat rental operators have seen organic growth in EU without heavy marketing push. Post COVID-19, due to social distancing rules, boating will see increased usage as a recreational activity due to the nature of the activities. The global boat rental market is projected to surpass valuation of $19.7 billion by 2030, expanding at a CAGR of ~5% during the forecast period. We will be updating on VITX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VITX.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in VITX either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.