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Then they ll have to buy 100% of Rotmans and call it a RM! Even better!
Vystar is not generating profit YET. If it was a failing business, do you really think the Rotmans would have taken the risk to lose their 60-year family business with it?
Of course not.
And Vystar only 6 months ago paid all their toxic convertible debts, this is what was preventing them from invesring and producing. Now they are toxic debt-free AND they can use the cash from Rotmans.
If Rotmans just wanted to go public, they could have bought a clean shell for much less than that, but they preferred merging with Vystar and all its debts. Why? Because they think the technology owned by the different branches has come to maturity and can now be applied to many products. And add the fact that the whole economy is increasingly shifting to eco-friendly products and you will understand that everything that has happened so far is to finally allow explosive growth of the Vystar products. The RXAir purifiers (with the RX3000 coming soon) are back strong and include the FEC technology (smaller and cheaper), Vytex mattresses now have a new brand with Sonnett, and then there s all the future contracts that we will hear soon about: tyres, gloves, soles, etc.
Agreed the 30$ buyback was a disappointment, but saying it was a "small buyback" is still true.
The 0.15 investment has been debated many times, for me it s true, the issue is how it is presented in the filings, could have been clearer, and it has nothing to do with twitter, it was also in a PR at the same time.
The OS was updated yesterday, and we clearly see the dilution is very small since January. Also all their OS updates have been validated in filings. On Monday you will see in the 10Q that once again they did not lie.
So since you talked about "misleading information", you agree they re not lying?
What? Then what were the 50 million sales 2 days ago?
LOL, but you did not answer my question. One example?
LOL show me ONE example of false information in their tweets. Just ONE.
The SEC recognizes Twitter for Public Disclosure. And check, so far all Vystar tweets were verified against filings.
So every number they give on twitter is real.
Agreed they would have announced it, bit I dont see how otcmarjets would have the wrong number, especially since BYOC is OTCQB...
How else could the OS have been reduced? Cancelling shares? But there would have been filings too. What else?
In any case, that is good news!
The previous update was on June 6th with 1.05 B shares.
So in almost 2.5 months it increased by slightly less than 50 million, including "8 million that might get cancelled".
Not bad when we know that the Rotmans acquisition happened during that time. Also Ranjit Matthan got 4 million shares of those.
In the 10Q it says that OS is 1,243, 274,876 on August 14th.
On otcmarkets it says 1,324,004,678 on August 6th.
So in the last 8 days OS was reduced by 80,729,802 shares!
Buyback?
Interesting. So the last 3 PRs were for 8 SCOTs, that means 120k$ revenue per year just from these. Not bad in just 2 weeks. If they continue at this pace, we will reach a million $ before Christmas!
LOL
"If it was good they would rush it for all to see" => Could you explain your logic here?
They do things according to their big plan, no need to rush, they re not here to please flippers like you or to pump the stock.
If you cant understand that, sell and move on.
Great post!
Totally sums up how I feel about Vystar. Whenever I have doubts, I just go back to these basic questions and there is just too much potential here, we re good
Awesome find!
This article is great evidence that we re reaching a tipping point all over the market to go to more natural/eco-friendly products, and Vytex is perfectly positioned to HUGELY benefit from this trend with all their applications.
LOL you mean 899$ ? We re not talking about filters here, we re talking about purifiers.
"The company is still working on the completion of the financial statements".
Well, we ll see on Monday
NT10Q... I m quite surprised... Or they keep all their huge ammo for next week, to start with a nice 10Q on Monday?
Edgar is probably overloaded by all reporting companies submitting their 10Q, it should be fine in an hour or so
Edgar finally worked, but no 10Q there yet... Maybe Ray was mistaken?
Where? Not on otcmarkets, and Edgar is not working for me.
Nice volume today, and nice Q2 fins. People will finally realize that we have a real, solid company here.
Interesting stuff. Lien A warehouse is at 2439 Loma Avenue, South El Monte according to their Linkedin page.
Agreed
? Next quarterly report is in 3 months, A LOT can happen by then. If they promote it well and the scavenger hunt is a success, revenue could be huge, that s why I am here.
In your logic, if something is good about a company, it should be released right away?
Do you know a serious company does not release news and filings just to please shareholders (which is called pumping)? They release them according to THEIR agenda! Now get over that fact or sell !
Back up again. Third time s a charm, let s break 1$!
It will. Upper management will make sure pps is at least 2 or 3$ to prevent any risk of delisting. We should get another juicy PR shortly.
Very dilutive??? LOOOOOOOL look at the daily volume, where s the dilution? LMAO
LOOOOOL what??
May 9th:
"As promised first RXAIR distributor deal closed today with 100+ units 200%+ markup, purchased & paid for. Vystar has ample stock remaining for retail & distributor sales. Additional container orders will be placed shortly. Tariffs remain unchanged for medical devices."
You re talking about a different deal later in May:
May 14th
"We just received an order from one of our new distributors for 100+ of the RXAIR cartridges today, will ship out tomorrow. We are making tremendous progress with the distributor network, lucky to have great partners. Replacement cartridges great reoccurring revenues."
LMAO you dont even know what you are talking about
It will for sure. Greg said in a tweet in May they shipped 100+ RXAir purifiers, that s about 100k$ of revenue with just that. There s probably other deals like that.
We will easily beat Q1.
Actually the 10Q is due tomorrow. 45 days after June 30th is August 14th.
OK, I m not arguing against that, I m just saying that thes discounted shares could be option exercises or compensations. I m not worried, especially when seeing that he bought shares several times on the market for a pps up to 0.044.
The 4,000,000 is share compensation for ALL directors for 2018, nothing suspicious here.
The 3,333,333 at 0.003 is 10,000$ exactly. I saw similar compensations at pps 0.003 for other directors but for different amounts: 8,333,333 at 0.003 which is 25k$, 10,000,000 which is 30k$.... Could be options from previous years? or additional compensations? I only checked the last 2 10K and could not find anything, could be from something earlier than 2017.
Anyway, he purchased a pretty nice number of shares on public market and has not sold one, which is still good news.
If this was just a scam and pps was not supposed to go higher, he would have sold, right?
Simple logic proves that VYST will be much higher in the future. And I m not in a rush to sell!
Great DD again, thanks!
Very interesting, thanks! I had never heard about this SWCNT technology, and the fact that Matthan is related to it opens a new possibility for Vytex.
Also what is interesting for all Vytex non-believers is that this OCSiAl company was founded 10 years ago but only started mass-producing a couple of years ago, because even for the best technology, production takes time. This looks similar to Vytex which has a great technology but did not have the power to mass-market it in the first years, but is now on the verge to finally delivering it to the masses thanks to great recent efforts (toxic debt paid, and Rotmans acquired).
Wow crazy start here!
Think about it the other way. If it was a disaster or a scam, everybody would be selling. However, it s been above 0.025 since February! And the daily volume shows that not many traders are interested in selling either. Just daily flippers.
2.5 million shares traded means pps action today is meaningless.
Wednesday we will get the Q2 fins, that should bring some action! And I would not be surprised to have other catalysts at about the same time to create the momentum:
- Rotmans audited fins
- Vytex mattresses sales numbers
- OTCQB application
- news/contracts for Vytex
....
LOL. Keep us informed, I m sure they re VERY interested in an OTC stock LMAO!!
No worries here. Q2 fins should be out this week. I m also expecting SEC re-registration soon.
The Dubai acquisition took much longer than anticipated but it happened. Mikey gets his ducks in a row and delivers as promised.
We re good here, agreed pps is low with no volume but this is definitely not a scam, and what s important is in the long term. Let s see a year from now who was right and if Mikey delivered what he promised.