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... Bingo!
Not to mention, the longer the share price remains nice and low, the more shares the company can buy back and retire. What's the opposite of dilution... concentration?
and yet the thing all of these articles seem to miss is the upcoming consolidation with Rotman's. It's only 'public' info here on ihub due to the fantastic work of stocksgonewild and steverc.
once that cat gets out of the bag to the wider public... well, you know.
highway to the dollar zone buddy
yes... the audit is definitely under way. It has been under way for months now.
What is with folks not reading very well today. Must be something in the air.
From my post that you just responded to, significant part bolded for comprehension...
According to post 45489, Greg Rotman said:
That's one of those robo post sites that just spams articles with cut and paste metrics. I wouldn't trust it.
Also if you look at some of the short share metric sites, those numbers have been swinging all over the place from day to day. So I wouldn't base any investment decision off of that.
not to damp the mood, it's just important to make sure anything presented here as tangible facts is actually legitimate. Shorties will say anything it takes all day long to achieve their goals, longs need to maintain a higher standard imo
ok, my bad just sick of the toxicity
Not looking to toot my own boot but I think post# 46048 about searching these boards with google would be useful to many more folks if stickied.
Anyone willing to second that motion or grab the attention of a mod for consideration?
Again, what is "news" is only "news" because the population at large is aware of it. Moves by the company that will be "news" when broadcast are happening now, today.
info is scant, and I don't speak lawyer too well, but my summarized understanding is this:
Pre Rotmans-led VYST took on several high yield convertible bonds with stiff prepayment penalties, 12% interest. Steve has been paying them off, and the last of which was supposed to convert towards the end of Feb. The company elected to prepay the note in cash instead of letting it convert to shares. May be rumor but apparently EMA (the lender) refused to return calls by VYST in the weeks leading up to that conversion date.
EMA then had a TA convert 50 million shares claiming it was what they were owed because the note had not been paid off. Apparently they claimed the interest portion hadn't been paid, whereas VYST claims the opposite. Hopefully someone else can flesh that out a bit more.
Point is, it should be fairly trivial to resolve.. a simple reading of the original terms and review of transaction records should be enough to show who did what.
And if the Rotmans are to be believed, EMA is going to be in a world of hurt soon, and will be liable at least to 'repay' the 50 million shares they illegally converted.
I happen to speculatively believe that this accounts for a lot of the seeming selling pressure we're seeing (say that seven times smooth)... in other words, EMA knows they're gonna be on the hook for 50 million shares, and so they're selling those illegitimate shares to try and drive the price lower, so they can buy the legitimate shares they'll need as cheaply as possible.
I have no idea if that last part is actually happening, but if it is, I sure hope VYST countersues EMA for SEC fraud.
Folks, here's a tip to more easily search for posts made on this board:
Go to google and type the following search query:
site:investorshub.advfn.com +"Vystar Corp. (VYST)" "your query here"
I’m going to ride this puppy to millions or zero lol
Yep, according to Wolverine19, see:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147224246
quoted below:
"New to the Street" and host Ken Evseroff, will be on location at Rotmans next week (March 4th) to film interviews, products, and commercials as per Greg from my latest conversation.
VYST
Have you considered that abstaining from excessive PRs may actually be part of their strategy?
Why would they post frivolous PRs when A) any public statements can be used against them, especially with the ongoing litigation, B) they have no need to generate 'revenue' from share price increase because the owners of VYST already run a very profitable company (Rotmans), and C) they intend to buy back a large number of shares, which undoubtedly they'd like to do for as cheap as possible, and so 'motivating' the PPS higher is counter to their short term objective
Excuse me Leighman, but you should read what I said more carefully before you post. Especially if you're going to accuse me of trying to manipulate.
Look at post #45489 pasted below to confirm my statement.
And not that it matters but I am extremely long on VYST and haven't sold a single one of my million+ shares, the avg basis of which are STILL in the green even at this PPS. I'm definitely holding, and have done nothing but advocate for that in just about every post I've made here.
Easy tiger.
Quote:
From:
Greg Rotman
Hi Terry,
We do try to get back to all investors timely but there a hundreds of communications weekly so sometimes it can take a few days to get back to folks.
We are calling the Rotmans deal is a consolidation even though it acts like a merger in the traditional sense, which means Rotmans will be added into Vystar completely into one combined balance sheet. You have owners at Rotmans and they are selling their stock to Vystar based on what we disclosed in the last 10Q under subsequent events Note 12. The deal is half cash, half stock. The cash is being paid out of Rotmans over a long period of time so the cash part is not a concern for Vystar. The stock is going to paid out from Vystar. The shares are being done as a note, which can convert into shares, but only after the consolidation, (and other milestones are met), is completed and with a combined SEC filing posted. We feel this is the least dilutive, as the consolidation will have long occurred and Vystar should be trading with the market having the awareness of the combined balance sheets.
You also mentioned in your communication there is some confusion about the chain of events, specifically the super 8K. I will try and clarify what has to happen. Once the deal closes the company has only 75 days to put out Rotmans audited financials, (What folks are calling a “Super 8K”). As you might imagine it would be impossible given the size of Rotmans and with 2 years audited financials needed, this could not be done in 75 days. Rotmans given the annual turns in its inventory would exceed on a two-year audit $30 million in inventory. There are also things like the fully funded $8 million pension fund for hundreds of employees. The reality is we have to wait for the auditor to complete most of his work. We have hired back the old operations manager from Rotmans and she is helping with this endeavor. She was with Rotmans before her retirement a few years back for 42 years so she has been a great help.
Here is a link to the 10Q for you, https://www.sec.gov/Archives/edgar/data/1308027/000138713118006316/vyst-10q_093018.htm <https://www.sec.gov/Archives/edgar/data/1308027/000138713118006316/vyst-10q_093018.htm>;;;;
Please let us know if you need any more information.
Thanks
Greg
Forward-looking Statements: Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of VYST officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VYST actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and VYST has no specific intention to update these statements.
*We don’t mind if our correspondence is being forwarded or posted online but please post entire messages, no paraphrasing please, and please copy everything above the line below.
Link To all VYST (Vystar) Filings
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001308027&type=&dateb=&owner=include&count=40 <https://www.sec.gov/cgi-bin/browse-edgar?company=vystar&owner=exclude&action=getcompany
There has been no indication of legitimate dilution but we don't know for sure. Mind you, no one here knows one way or the other - so don't believe the Yes any more than you believe the No.
Now, there may be some illegitimate dilution, if you want to call it that. EMA illegally converted on a note for a large number of shares that VYST had already paid off. As I understand the situation they basically made some shifty accounting errors to make it seem like VYST had not fully paid off the note when in reality had. As a result, EMA got the TA to convert 50 million shares.
These shares are illegitimate but nonetheless have allowed EMA to manipulate the current PPS (IMO) lower and lower... so that they can buy as many shares as possible... because they know that those illegal 50 mil shares will need to be repaid after EMA loses in court.
When that comes through it will be like the short squeeze of the century, with EMA having to purchase whatever remainder of shares they need to "cover" their illegal position.
So folks... STOP FEEDING THESE TOXIC CREEPS. Every time you sell your shares at this level there's a really good chance that you're selling straight to the enemy itself, and therefore diminishing the size of the powder keg that will take place once EMA has to "cover".
just my take on it and I'm not a lawyer, please correct if you see any wrong assumptions here
Once the 8k is announed, VYST/Rotmans has 75 days to publish Rotmans 3 years of audited financials for them to be part of the consolidation. People here are calling the 8K + audited fins a "Super 8k"
From the horse's mouth, the auditing process would likely take them much longer than 75 days to accomplish due to the sheer size of Rotmans inventory, sales volume, employee pension plan, etc (plus they're not in direct control of the audit, so they can't wave a wand and speed up the process). Therefore, they initiated the auditing process some unknown time ago (but multiple confirmations that it is indeed underway and nearing completion).
They recently stated they would wait until the audit was "mostly" finished before announcing the consolidation, so they don't get caught outside that 75 day window with their pants down.
So by the time we see the 8k we can expect to see the audited financials shortly thereafter - likely WELL within 75 days of that announcement.
Point is, this 75 day window means nothing. News of the consolidation will come before it is even relevant. Many people here are spreading fear uncertainty and disinformation.
"being walked down to scare people. no real reason for drop"
nailed it
concur with doog fully, and would add that IMO outward appearances would indicate it's in the company's best interest to be slow and methodical with these major news items. Each will undoubtedly serve as big price catalysts... and the company still intends on buying back a large number of shares - 250mil. So logic would suggest that they would want their buyback to be up and running before skyrocketing the pps. you could even say that, ironically, the shorties out there are giving the co exactly what it wants.
Just a reminder, folks can check for latest company filings and insider transactions online HERE:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001308027&type=&dateb=&owner=include&count=100
nailed it spudge
I can only assume the over naysayers / fear-mongers are here doing their thing for the purposes of getting the price lower. Otherwise, why would they waste their time trying to convince other people not to lose their money?
Obviously it's fine to have reservations or doubts and to express them. But to keep hammering on and on with no substantive arguments... it reeks of mal intent.
whatever, we see you. Hope for your sake you're secretly holding lol
Great find, thank you!
“This new patent extends our coverage for a decade and we have now broadened our protected areas in Europe to include additional manufacturing areas. While we have had broad protection for methods of deproteinization to reduce allergenicity, we now have further coverage for end products as well. We are particularly pleased to have added protection in Germany, The United Kingdom, France, Spain and Italy, which account for much of latex product manufacturing in Europe.”
Far-out, grab a screenshot using the windows Snipping Tool or whatever screenshot equivalent, save it as an image file, then Google 'imgur upload'. Upload it, right click the image, open in new tab. Copy the web address to the image, and then insert it in the image tags in your post which look like this: (img][/img) except the parentheses are brackets like [ ... ]. You can insert image tags into your post by clicking the blue "Image" button to the left of the post text field.
Man in the arena! Nice quote dood, haven't heard that since my time in the Navy
Derp, that was obvious. Thanks SGW and also for the tip on E-Trade
New to ihub, is there a way to filter or block individual users? slow internet and this guy wastes more page loads than I care to stand
Anyway, lesson learned... Always have dry powder on hand, indeed. Charles Schwab takes way too long to process wire transfers.
Should make for an interesting day but however it shakes out I hope everyone has a great Friday and does something cool this weekend.
In so many ways including but not limited to vyst, March is going to be one hell of a show.
vonitsa, I suggest you go back and read #44001. Easy to miss at the start of the trading day but it addresses your issue directly. BLUF: PR would be against the company's interests at this time imo
The stage is set.
The amount of whining and absolute petulance these past few days has gotten really out of hand. Let's review a few things.
First off, Rotmans is a profitable and privately held company. As we sit here staring at charts and counting our pink sheets, the folks at Rotmans Furniture are contributing to society in some meaningful way by reselling merchandise and providing a job to hundreds of people. I read a post earlier where someone referred to investors as 'creators' and almost fell out of my seat laughing. Please do not forget the order of things: Rotmans does not depend upon you, or me, or anyone else on these boards, unless they happen to be a customer or an employee. Sure, in some infrequent cases, angel investors will make the difference of whether or not a small company survives. That is not the case here. If VYST were to go quad nuts and completely de-list TOMORROW, the Rotman family would continue on as they were, making a cool 7 million dollars+ in 100% privately held profits. Per year.
Secondly, their management team has absolutely no obligation to appease us shareholders beyond the SEC regulated reporting and disclosure requirements. Consider this - every PR the company releases represents an opportunity for misstep. One wrong statement and they risk being sued, taken advantage of, or fined by the SEC. A smart management team will have absolutely ZERO interest in making public statements unless such communications are either A) required by federal regulations, or B) a methodical element of their long-term business strategy.
Yet despite this complete disincentive to communicate, the company has been extraordinarily forthright with individuals who contact investor relations. They have clearly not gone dark, and it takes about 5 minutes of your time and about 10 digits pressed on your phone to figure that one out. I chalk that up to genuine graciousness and consideration, and hope that as a community we do not abuse the privilege of such ready access to their phones and their time.
No amount of complaining or armchair CFOing is going to change this company's disposition or communication strategy. Internal company timelines will dictate the disclosure of material events. Our feelings are not a part of that equation. We are a means to their end of uplisting on the NASDAQ, and IMO should count our blessings for that opportunity. Frankly I am glad there have NOT been frequent public communication from the company, as I would question their judgement and professionalism if we started seeing fluff PRs with the sole intent of 'calming the waters'.
Here's the whole point of this post: I believe that it is actually in the company's interest to see the share price decline FURTHER. The lower it goes, the less it will cost them to buy back their shares, and the more controlling vote they will be able to obtain along the way. But who knows, maybe they don't care how much they pay for shares. Do you?
(Side note: there has been suggestion that, as part of their buyback program, VYST will be purchasing shares directly from insiders. This strikes me as highly counter-intuitive. Why would insiders rid themselves of their personally held shares at the very ground floor of this company's strategic plan to uplist on the NASDAQ? The buyback will present a very positive signal to the market and on its own will likely catalyze an increase in share price. So again, why would insiders sell into this upward movement? It might not even be legal to do so. Please correct me if you have evidence or reason to suspect the contrary, but for this post I'm going to assume they will purchase shares on the open market before retiring them to the treasury.)
We all know that the closing announcement for the VYST-Rotmans consolidation will lead to an almost immediate increase in the share price. So if the company wants to repurchase shares as cheaply as possible, but their buyback program (which itself will require many months to execute due to SEC limits) has likely not even started yet... then why exactly would they be in a rush to close the consolidation? To soothe our nerves?
Honestly, I think folks need to consider that this company may actually DELAY CLOSING their consolidation deal FOR AS LONG AS POSSIBLE. The longer they wait, the more cheapies they can buy back. Read that again and let it sink it for a moment.
Remember folks, VYST --without Rotmans-- was worth less than a cent. I don't think they're afraid of the share price dropping back down to those levels. It went from trips to $0.15 on news of the upcoming consolidation alone. You think it wouldn't do that again in a heartbeat (and so much more..) once they announce the deal has actually closed?
Don't get me wrong.. I don't actually believe we'll see a price that low ever again. But, as Steve and Greg have said on more than one occasion, they are focused on the day to day operational goals of their company. By my assessment, cultivating a particular share price for VYST is, at this time, not one of those goals.
-FR
High spirits here tonight. Can only imagine what it'll be like once the mic drops.
Hey, thank you everyone, I certainly appreciate the praise. But I am just another excited investor here calling it the way I see it. The true credit goes to Stirling and the numerous other members who did the original due diligence and found this gem in the first place.
And a huge thank you to the patriot on that other board who brought myself and several others here. ((You)) know who you are fren!
... and in the time it took me to type up that reply, SooS416 said twice as much in half the space. Nice post! :)
re: "There's nothing. Nothing but chatter of hopes and dreams. "
I beg to differ.
Presently the share price is correcting after the large surge to 15 cents which was, as far as I can tell, based upon nothing material whatsoever. PPS is now coming back to a level that the market had agreed upon before said surge. And as you can see, the support at this point has been tested and has held strong numerous times.
The rationale for that support, IMO, is simple. Enough people have read the DD posted on this board, done their own research, run their own numbers, and have come to the same conclusion: If VyStar acquires Rotmans furniture, it will send the VYST share price to dollars+. Many also believe that once VYST gains access to greater capital markets via a NASDAQ uplisting, the share price will run even higher over the next few years as Steve Rotman and his team expand the market penetration of VyTex NRL. Add to that the multiple novel technologies VYST has acquired (UVFT, FEC, etc), and the potential growth for this company is enourmous.
Of course, if for some reason VYST does not acquire Rotmans, then on its own it VYST has no steam and the pps will likely crash back down below a penny. This is the risk that any savvy VYST holder has likely considered and accepted.
It's a very real risk, too. Anything can happen, nothing is a guarantee. We've already had a major suprise with the whole EMA scandal, and countless more surprises could be around the corner. But the one surprise I strongly do *not* expect is some kind of duplicity on behalf of this company.
For me, that trust was fairly easy to justify: I can drive to Rotmans Furniture, and tons of people around here know the name well. It's a real business, the largest furniture store in New England at that, with real (and substantial) revenues and profits. Add to that, the family behind the business are public figures, arguably pillars of their local community. They are also quite wealthy. In summary, I believe the Rotmans would stand to lose far, far more than they might gain by crafting some elaborate penny stock scheme and scamming us traders out of a few million bucks.
Again, none of that means that the acquisition is a guarantee or a done deal. But at the end of the day, I, like many other VyStar investors, do believe that Steve Rotman will be successful in leveraging his family's business to propel VYST to an uplisting onthe NASDAQ. And that my friend, even with a highly unlikely 1:10 reverse split, gives us a 10 bagger from the current PPS (and a 100 bagger without the RS). Many folks here are already sitting on a 40x return as we speak.
So why do we keep hyping each other up and (more importantly) encouraging each other to load and hold? I can only speak for myself: I believe that upon news of the acquisition, this share price will launch into an unstoppable surge which will make the run we had back on Feb 11th look like a joke. If you're not already locked in at that point you might very well miss out on a good portion of those 100+ bags.
So, if you still own shares and are not in need of that money right now (though I certainly hope no one is investing money they can't afford to lose... stocks are risky period, penny stocks are substantially more so), then my completely non-professional and solely personal opinion is to remain in position and forget about VYST for a month, maybe 2. If you're making your investment decisions based upon the daily or weekly trend of the VYST share price then, in my honest opinion, you are missing the point on this one.
No offense intended, only love and an earnest desire for us all to become stinking rich. VYST!!
Frob
in reference to https://winslowrecord.com/vystar-corporation-otcpkvyst-has-posted-yoy-profits-of-2-27798/301047/
agreed, looks like an automated post. Several sentences with pretty blatant grammatical errors. Doesn't cover any fundamentals whatsoever. Not to mention, clicking the author's name shows 'she' has written hundreds of similar-length articles today... all of which follow a very very similar format.
be wary of the FUD! go VYST!
All quiet on the eastern front for the past 35 minutes. I haven't been hawking the charts as much this past week as I was back in early Feb but don't remember seeing such a flatline in awhile. I assume it's because absolutely *no one* wants to sell any more, but that's basically a shot in the dark. Does anyone else have a more education assumption as to what this means?
So, I'm holding based upon the amazing DD which has caused me to believe this is a real Cinderella story in the making... but even just a chart reader ignorant of the backstory should see the tremendous level of support that exists around 4.4 cents. This is why I continue to encourage friends and family to hop onboard the train before it departs the station. Based upon today's blip that started around 12:46 est, once the price starts moving upward on news of material events, it's going to be a monster rip. I don't chase monsters!
Thanks again to Stirling et. al. who brought our attention to this once in a decade opportunity.
Good luck to all, mostly to the Rotman family and their vision of a bright public future!!
-Frob
edit: ofc just as I go to post this there's an up tick, lol. ah well, signs of life!
THANK YOU to the several angels that flew in to slap the ask there at the closing bell, kept our last price up where it should have been. We traded up 6.27% folks. I'd call that a good day, any day.
We're recovering about twice as well compared to some of the other symbols that were also p&d'd this week, and I believe that is because we have a strong base of and loyal and believing *investors* who are less interested in the opportunity for quick profits.
In the face of several big selling events and general downward pressure throughout the day, the bulls held on and seem to have reinforced our base. VYST looks well-fed and ready to run with any of the big catalysts en-route. This thing is gonna set a land speed record when it goes!
It's been a pleasure staring at these candles alongside of you this week, folks. Have a wonderful President's weekend, and God Bless America!
SGW the honor is mine, I'm glad to be a part of this crowd and excited for the many things to come both with VYST and WW. Keep me in the back of your head if you ever do that thing you're thinking of doing. And quit that sir cr*p we're all civilians here!
3rd and last post for the day, have a nice evening folks and keep your eye on that $+ prize.
from the 10q that work-n-hard posted:
"This entity is owned by Gregory Rotman, who is the son of the Company's CEO, Steven 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 (see Note 8). In addition to stock-based compensation beginning April 2018, Blue Oar received $15,000 monthly in cash compensation for consulting services."
this rocketship is just getting fueled up. tons of speculation buys monday and fear selling today. congrats to flippers who made a profit yesterday but I hope those with brass hangers are back in their positions if not continuing to plus up.
I'm new here and to OTC markets, but this vystar dd is the most believable kool aid I've ever tasted. see you in dollar lannnnnd!