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Thanks!
LOL this convertible debt you re talking about is with insiders and can only be converted upon a significant event like an uplist! Try again LMAO!
Where did you get that info for the 200 unit order? I must have missed it.
That s where you totally misunderstood what is going on here. Rotmans is not here to pay for the $37 million. Rotman is here to bring its financial & organizational structure to help growing Vystar. Once Vystar reaches its full potential, the $37 million won't matter.
It will not happen overnight obviously, but it s OK, I m here for the long run.
You just assume Vystar results will be the same in the future... What about the new revenue streams that will be accounted in Q3 and beyond? RXAir, RX3000, Sonnett beds to name a few that we know exist? What about the potential other products mentioned multiple times? Tyres, gloves, vap pens, etc? It s all about growth here.
With RXAir and Sonnett beds now on sale (and it will increase on the coming months), I m not worried about that.
1) having a relatively small loss in the first 6 months is meaningless when you know their sales are much higher in the second half (with tax holiday and black friday weekend being the biggest according to the recent article that was posted today). Just think about it, in the last month they made 30% of their 6 month total!
2) You re only focused about profit, but what is meant here is that having Rotmans now under Vystar roof allows Vystar to use their financial & organizational strengths (access to better loans, warehouses, delivery structure, assets, etc...). Profit is just the cherry on the cake. The growth will come from Vystar's other branches: Vytex, RXAir and FEC.
LMAO! Yes they settled the debt, that is great news! I prefer 1,000 times to know that a debt is settled, because money will be used to increase production instead of paying lenders!
Try again !
OK, then even better, they were all sold in April! So why are you showing it as a bad thing?? LMAO
You compare it with a stinky pinky misleading shareholders, but think about it: in the 10Q we got a glimpse of Rotmans financials (to be validated by the 8K), and they did not have to do that. They made mistakes in the past but they re working towards being more transparent.
But what is most important to me is that they re putting their ducks in a row: no more convertible debt, CMA loan paid off, RXAir sales ongoing, Sonnett beds sales ongoing, minimal dilution in the last 6 months (48 million since March 31st, and that includes 30 million to CMA, 4 to Matthan, 2.5 for FEC.... so no toxic dilution).
LOL they re not considered as an insider!! LMAO
And not even sure they sold, speculation again!
I guess I see the glass half-full, you see it half-empty.
In any case, with the pps still in the same area 0.025 to 0.03, the 10Q did not change people's view on this stock. The 8K with Rotmans complete audits will probably have a much bigger impact.
Any proof they sold? Of course not, just speculation.
Even the daily volume shows it. If they did, how many did they sell? 1 million? 2? Wow big deal LMAO.
UVFlu products were not sold because of financial issues, they did not have the money to produce them. Bow this is fixed and as we know they are selling them again and we will soon see the newest RX300.
FEC is actually used in UVFlu products and allows to reduce the cost and size, so huge benefit for Vystar.
Vytex is now becoming competitive because the whole industry is shifting towards eco-friendly products. Vytex process uses less water, less chemicals, no latex is wasted, etc... It is a significant investment for producers to convert to this process, but the gains they will realize will be phenomenal. Same thing for tyres, the big players are also spending tons of cash to get greener products. I m not worried about the future.
If you dont get all this, sell and move on.
LOL. Please show us the form 4 to prove your point.
I actually thought about that, and I think these $21 million are the total amount of money spent in Vytex since its inception in 2,000. Since they have not produced much since then, you can consider that it is all part of R&D. And all this money came from investors, not from selling shares. In the first 10Q from 2009 it shows that net loss was $9.8 million between 2000 and 2009, when it was not publicly traded.
Also remember this PR from June 2017. $20 million came from investors:
https://www.globenewswire.com/news-release/2017/06/01/1005429/0/en/Major-Latex-Foam-Producer-Lien-A-Partners-with-Vystar-CEO-Invests-in-Vystar.html
Clearly BS. If he had 60 million he would have had to be declared as a 5% shareholder.
Ah ok so no link to Vystar, I thought you saw that they were working on these beds.
Source?
I love it that Greg is all over Twitter these last few days, I hope it will stay like this and I also hope it means big news is very close.
Let s start with the 10Q tonight!
They have the financials ready, but they dont want to release them now because they want to release them as part of their plan. And they have 75 days after July 22nd to release them.
Why does everyone make a big deal while they are still within the time allowed? Just impatient flippers imo...
to their banks??? LOL is it public? No!
LOL guidance OK, but what about actual profits?
LOL I know, but now that they are working for a $30+ million company their salary is nothing to be discussed.
LOL I know, that s why I was referring to the revenue Vystar now makes.
But I guess sarcasm is not your cup of tea...
Asking again: give me ONE example of a company giving its net profits outside of quarterly reports. I m waiting.
From what I remember, the kids are not paid more than $30 million
Do you know any company that posts its net profits outside of quarterly reports? Give me just one example.
All we ever see outside of the Q reports is info about revenue and/or production, which is exactly what Vystar is doing.
Why do you expect them to show more that every other company out there?
LOL good story, but it does not make sense. Of course the NOL is a big benefit for Rotmans. But then if Vystar will never make any money, the share will be worthless, so why do they pay themselves in shares and not just in cash? Why sont they dilute like crazy to raise some cash and make the shareholders pay?
Another BS theory soon busted by facts!
Give me one example of a traded company who posts their net profits outside of the quarterly reports. Just one.
Nothing wrong here. Just like any other traded company, they only mention revenues.
Very interesting, thanks!
Great find! Thanks!
OK thanks
"Book" does not mean you get them! It just means they will "report" or "record" 100% of the revenue and profit.
Of course the 42% owners will get 42% of the net profits!
Yeah I get that, but OTCQX premier tier pps requirements are the same as Nasdaq Capital Market (4$), that s why I was asking.
I would have imagined OTCQB (pps 0.01+), then QX (pps 0.25+), then Nasdaq CM (pps 4+).
Why not Nasdaq Capital Market instead of OTCQX Premier Tier? Why stay on the OTCQX?
Nevertheless, they will still book every profit, that s what he said in his message.
Maybe you should read again his post, he said they will BOOK every profit, not get them. Nobody s arguing with what you re saying.
No they need to clarify this RM vs consolidation thing first.
The good thing here is that at least the audits are finished now!