Vestiage (VEST) renames to Loan Artificial Intelligence; 1-for-800 split pending, cashless shell

Vestiage, Inc. (PINK: VEST)

Quick take: management has rebuilt corporate control after prior abandonment, approved a name change to "Loan Artificial Intelligence Corp." and a 1-for-800 reverse split (FINRA review pending). The company is a development-stage shell with no operating revenue, no cash on hand, and continued reliance on related‑party advances to pay minimal expenses. There is a disclosed material weakness in internal controls and substantial doubt about going concern.

Key facts & statistics
- Revenues: $0 for three and six months ended June 30, 2025 (and 2024).
- Net loss (3 months ended June 30, 2025): $7,875 (vs. $20,312 for Q2 2024).
- Net loss (6 months ended June 30, 2025): $14,256 (vs. $26,884 for 6M 2024).
- Operating expenses (Q2 2025): $7,875 (Professional fees $7,020; Other G&A $855).
- Operating expenses (6M 2025): $14,256 (vs. $26,884 in 6M 2024).
- Cash: $- (zero) at June 30, 2025.
- Total current liabilities: $124,626 (Accounts payable & accrued expenses $35,090; Due to related party $89,536).
- Total stockholders' deficit: $(124,626); Accumulated loss: $(10,516,716).
- Common shares outstanding: 363,578,236; Convertible Series D preferred outstanding: 300,000.
- Weighted average shares (basic & diluted): 363,578,236; EPS: $(0.000) reported.
- Cash flows (6M): Net cash used in operating activities $(2,011); Net cash provided by financing (related party advances) $2,011.
- Corporate actions approved June 2, 2025: Name change to "Loan Artificial Intelligence Corp." and reverse stock split 1-for-800 (FINRA review pending).
- Going concern: Company states substantial doubt about ability to continue as a going concern.
- Internal control: Management identified a material weakness in segregation of duties.

Income statement - positives
- Loss narrowed year-over-year: Net loss 6M 2025 $(14,256) vs. $(26,884) in 6M 2024 - operating expenses fell materially.
- Professional fees reduced from $19,444 (Q2 2024) to $7,020 (Q2 2025), suggesting lower cash burn on advisory/legal costs.
- Smaller operating cash outflow in 6M 2025 ($(2,011)) vs. $(10,150) in 6M 2024 - financing via related parties covered the shortfall.

Income statement - negatives
- No revenue at all in any reported period - company remains non‑operational/developmental.
- Continued net losses and an accumulating deficit: Accumulated loss $(10,516,716) as of June 30, 2025.
- EPS is effectively zero but reflects a loss; large share count (pre‑reverse split) dilutes per‑share economics.
- Reliance on related‑party advances ($89,536 due to related parties) to fund operations - not sustainable long term.
- No cash on hand; minimal operations and no revenues make financing and execution risk very high.

What's happening inside the company
- Corporate control and leadership changes following custodianship and a change in control in 2023; current CEO/CFO is Raymond Fu.
- The company disposed of its subsidiary Fun Fitness Corporation and is actively seeking an acquisition/merger target as a shell company strategy.
- Board and shareholders approved a reverse split (1-for-800) and a name change to reposition the company; effectiveness depends on FINRA approval.
- Management acknowledges limited experience executing acquisitions and expects to continue to incur losses until a transaction is completed.

Near-term watch items / catalysts
- FINRA decision on the approved reverse split and name change (timing uncertain).
- Any announced acquisition or definitive merger agreement - the company's stated path to become operational.
- New financing beyond related‑party advances - needed to survive and execute a transaction.
- Remediation of the material weakness in internal controls and any auditor commentary on financials.

Bottom line
VEST is a cash‑less, non‑revenue shell with very small operating costs today and ongoing related‑party funding. Short‑term financial trends (lower expenses and smaller cash outflow) are positive, but zero revenues, a mounting accumulated deficit, no cash, dependence on insiders for funding, a material internal‑control weakness, and stated going‑concern risk make this a high‑risk, speculative microcap. Investors should require clear financing or an announced transaction and FINRA approval of the reverse split/name change before considering exposure.