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VYST entering bitcoin world
No doubt. Greggy figured out the magic formula to do no work while getting nice consulting fees.
Any cash that comes in will go into his pocket and that of sissy.
That is too funny. Lol. Old bubbie and sissy will get paid
LOL. No, it won't.
any $$ received will be distributed to shareholders
The Rotmans are one of the largest shareholders think they would want stock price to go up, right?
Sorry fellows, but the negativity is a bit overwhelming. I certainly understand past criticisms about consulting contracts etc but the EMA lawsuit is a different animal and any $$ received will be distributed to shareholders
Even if VYST successfully wins money those dollars will go directly into the pockets of Rotman family members. They have very nice salaries and consulting arrangements.
Shareholders will see nothing.
Be shocked to see a ruling in our favor that results in $$$ for the company.
The company will pay bubbie for his consulting fees and sissy for being the ceo. Nepotism is all that these clown know
The good news is that investors have to do nothing except just observe until the Court makes its decision. Small companies usually lack growth capital and this decision could provide the ability and opportunity to move forward and grow.
Still an unknown if VYST will collect any $$$$ and what would that do to share price and idea. Hopefully add .25-.50 to price.
Not many investors on this Board but that could be a mistake as Vystar’s lawsuit against EMA in final stages at the Federal Court of Appeals. A win would be significant for a company with a current market value of less then $2M
This case has dragged on fir many years but the end is in sight
Market Makers are indeed increasing as qualifying for the Qb is a big deal as was Vystar getting back into full SEC compliance and shutting down the furniture store and eradicating all of its associated debt. It appears that the company is now free to focus on core businesses.
Volume on 5/6 was over 250,000 shares and a block of 200,000 was traded
Just a few months ago average daily volume was less then 10,000
One revenue stream which is obvious is selling replacement cartridges for the thousands of RxAir units in use and the current infectious disease issues in states like Texas means clean air is still a priority
After many years I’m still not ready to be positive but I see some hopeful signs and hope some company in a like business will see the value in the $60M tax loss carry forward
Maybe Pep but we do have market makers now which is a positive in my book.
Yep, they managed to reverse split this turd, wipe out existing commons and go again.
Interesting update today looks like tide is slowly turning
Oh yes, all the pieces are place to ensure that the company can continue to enrich the Rotman family.
Let's look at the financials:
Total assets: $ 553K
Total Liabilities: $ 5.840M
Revenue for 2024: 136K
Net Loss: $ 759K
Prospects for the future: DIM.
Now that they filed should be uplifting OTCQX soo bring in more liquidity and just need positive news hopefully to take this buck over $1 or higher.
10K filed. Company remains in full SEC compliance. Latest posting on X shows great progress in EMA lawsuit as all claims against Vystar are dismissed and the Second Circuit is hearing Vystar’s appeal seeking damages against EMA. Multiple Amicus Briefs filed and oral arguments shortly
Greg continues to suck at the Vystar teat:
Blue Oar Consulting, Inc. (“Blue Oar”) provides business consulting services to the Company. This entity is owned by Gregory Rotman, who is the sister of the Company’s CEO, Jamie Rotman. Blue Oar provides business consulting services to the Company. In exchange for such services, the Company has entered into a consulting agreement with the related party entity. Per the consulting agreement, Blue Oar is to be paid $15,000 per month in cash for expenses, and $12,500 per month to be paid in shares based on a 20-day average at a 50% discount to market. During the year ended December 31, 2024, the Company expensed approximately $633,000 related to the consulting agreement
Hopefully we see $1 not holding my breathe would be great. Be happy to break even here
Someone read your post. My platform says we are at a Dollar now.
The prospects of VYST generating net income that would allow the company to use the NOLs are dim.
Some people trot out the idea that the company's NOLs could be used by a profitable acquirer to offset bet income. Well, there are major restrictions on the use of NOLs when there is a change of ownership.
Restrictions After Ownership Changes
In addition to the limitations noted above, when a corporation changes owners (when there is a more than 50% increase in stock ownership by 5% or more shareholders over a three-year period), Internal Revenue Code Section 382 limits the annual use of pre-change NOLs to the value of the corporation immediately before the ownership change multiplied by the long-term tax-exempt rate.9
For example, if a corporation valued at $1 million changes owners when the applicable rate is 5%, its annual NOL usage would be limited to $50,000
So $70 million tax carry forward, correct. There are about 30 million shares after all shares are converted correct? IF that is a Big If they find value for the carry forward that would add $2 per share???
Yes I agree they are now fully SEC
Compliant which means they have had an outside firm conduct complete audits
Seems like a huge expense which is why ai doubt this is a scam
Getting rid of the debt and the store was a big deal
Trying to find a use for the tax loss carry forward is smart
King looks like they are complaint now, pressure building?
VYST is a vehicle for Greg to scam. You think he has a new scam up his sleeve?
Hopefully we can get back to $3 one day
Do you know if they are working to be fully compliant w/ SEC? Hopefully we can get back to $3 one day
Trading volume picking up
Vystar has a very valuable $70M tax loss carry forward
Not fully compliant with SEC
Store gone
Liability eliminated
Multiple product verticals intact
Active updates from company recently this is good looks like ship is lowly turning around just need to see this back at $3 again
Just look at what Greg Rotman did to UVFT. History will repeat with VYST.
That is a big word pile of Greg Rotman hopium! If you know, you know!
Yes, no one knows. But to expect the Rotman family (especially Greg and now Jamie, too) to do anything for shareholders I'm afraid that is wishful thinking.
IMO, the Rotman clan has proven to be a bunch of scoundrels and anything they say or do should be seen through that lens.
And I think it very unlikely that any legitimate business will want the albatross of existing shareholders.
no one know whats really going hoping for the best here after 5 years.
The ability of a company that acquires a shell to use the target's NOLs is very limited and acquiring a shell specifically to take advantage of their NOLs will almost certainly trigger an IRS problem.
And if a "real business" with real profits wanted to reverse into the VYST shell, you can be sure that they aren't going to want prior shareholders getting any significant piece of the merged entity. They will reverse split to virtually wipe everyone out.
Greg is going to use the shell to try to pull off another scam. It's in his DNA.
Recent updates look good, would be happy with $3 but still need VYST to realize this need others see value here.
Vystar as a public entity in full SEC compliance has value. The EMA lawsuit is still active with respect to Vystar’s claims and all EMA’s claims are gone and the Company has a $60M loss carry forward that has value. At only 13M shares outstanding this is worth almost $5 per share to a merging entity that could benefit from this tax loss carry forward
For what it is worth, you have to give the Company some credit for now being in full SEC compliance and eliminating $6M in debt to clean up the balance sheet. See recent 8K. Stock is trading again albeit at minimal volumes
Not sure it's her but if you google her name there is a Jamie Rotman who is a "metabolism coach" and a weightlifter.
If they are the same person the SEC will have to cut her some slack because she's busy with her other ventures. The VYST scam is a part-time thing for her.
The company exists solely to funnel money into the pockets of the Rotman family. Anything they do is to further that goal.
Period.
Think it's a positive that company is filing still and trying to get on etc quote system.
That 8K is about a month overdue…lol.
So the company announces that some unnamed third party entity has purchased Rotman's Furniture and the net result for VYST is that $ 6k of assets come off the books along with almost $ 5 million in liabilities. What sort of entity agrees to take on meager assets and huge liabilities?
Anyone?
Anyone?
My guess is the unnamed entity is controlled by Greggy-boy who is looking to clean up the VYST balance sheet so he can run a new scam to sucker in newly minted investors.
And his sister is complicit.
Papa Rotman should be very proud of the two turds that he raised.
Effective December 31, 2024, Vystar transferred and assigned its ownership interest in Rotmans Furniture to a third party for nominal value. As such, the balance sheet and financial statements for the Company, for the year ended 2024, will reflect a decrease in assets of approximately $6,000 and a decrease in liabilities of approximately $4,742,000.
OTCBB application filed this is a good thang
$5 per share or $ 5 value for the entire float?
$5 in 2025
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Website: www.vytex.com
www.vystarcorp.com
If you want information about Vystar Corp it is best to get that information directly from the company, and not only this message board.
Greg Rotman is the son of Steven Rotman the CEO of Vystar Corp. and the CEO of Rotman's Furniture.
Greg Rotman's company is named Blue Oar Consulting, Inc. and he has been hired to provides business consulting services to the Company.
Here is his # and remember to take good notes.
(866) 674-5238
info@vytex.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156088619
101 Aylesbury Rd
Worcester, MA 01609
www.vytex.com
(866) 674-5238
info@vytex.com
https://www.otcmarkets.com/stock/VYST/security
VYST aquires 58% TO 100% of Rotman's
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