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If you'd like to try NaturalShrimp, be in Roanoke, TX on April 16th. They will be serving our shrimp along with the crawfish.
And by the way, bring your scale and tape measure.
https://www.cinnamoncreekranch.com/
NEWS-Rumble Announces Addition of 15 Major Creators Across Non-Political Content Categories
PR Newswire
TORONTO, March 16, 2022
New Channels Add an Audience of More than 20 Million Subscribers from Other Platforms to Rumble's Fast-Growing User Base
TORONTO, March 16, 2022 /PRNewswire/ -- Today, the neutral video platform Rumble announced that 15 influential creators from a wide variety of content categories have created channels on the platform. These channels have a combined audience of more than 20 million subscribers on YouTube in science, health, do-it-yourself, lifestyle, and other categories of content.
The lineup of new creators on Rumble includes:1 PsycheTruth with 4.01 million subscribers, The S with 3.64 million subscribers, Chubbyemu with 2.48 million subscribers, Ben Uyeda (also known as Home Made Modern) with 1.52 million subscribers, Bright Insight with 1.29 million subscribers, ND - Woodworking Art with 1.21 million subscribers, Mr Scientific with 1.10 million subscribers, Barbarian Body with 925,000 subscribers, Debunked with 742,000 subscribers, Shaun Attwood with 684,000 subscribers, Mr. Build It with 651,000 subscribers, Rock Feed with 650,000 subscribers, The Hillbilly Kitchen with 610,000 subscribers, Homesteadonomics with 517,000 subscribers, Engineer Man with 499,000 subscribers, and Mr. Beat with 490,000 subscribers.
"Rumble was always intended to be in fierce competition with other platforms, and as part of that competition, our community has demanded a wide range of content," said Rumble CEO Chris Pavlovski. "Whether for health, lifestyle, sports, or any other content category, Rumble is one of the top high-growth platforms for creators to reach new audiences and expand their influence."
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the Internet to its roots by making it free and open once again. Additionally, the company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220316:nPn5syTtva&default-theme=true
Gosh, I don't remember. Maybe it was MySpace.
Maybe he's been eating lots of carrots.
SHMP Institutional Ownership - NaturalShrimp Inc (OTC) Stock
https://fintel.io/so/us/shmp?fbclid=IwAR1utWL3UG_v3yKEGBjrBccXBOwOLRPUQUfnhQFSsxOJtV60aCrIOxiOrrQ
Good Morning Shrimpers!!
Now THAT I believe!!
As for myself and the other Longs, we have a HUGE set....of shares!
VYST!!
NEWS-NaturalShrimp Provides Update on Production Facility Retrofits
https://ir.naturalshrimp.com/news-events/press-releases/detail/128/naturalshrimp-provides-update-on-production-facility
March 08, 2022 8:31am EST
Texas Production Facility Retrofit Complete with 70% of Tanks in Use
$1.0+ Million Contract with Dean Snyder Construction to Advance Iowa Retrofits Timeline
DALLAS, TX, March 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), today provided an update on production retrofits at its facilities in Texas and Iowa.
NaturalShrimp’s LaCoste, Texas production facility is now complete and using its patented technology with shrimp of various sizes growing in 70% of facility tanks. The Company will continue to fine tune the operation of the installed systems and ramp up to regular production over the next several months with initial shrimp sales to begin soon. The Company will now break ground for a new building next to the current production building that will triple the shrimp production capacity at this site when completed.
The Company has now retrofitted 17% of its Blairsburg, Iowa production facility, and continues to stock post larvae shrimp prior to their transfer to the Webster, Iowa production facility, of which 10% has been retrofitted. Sales of shrimp from the Webster facility began in November 2021. NaturalShrimp has partnered with Dean Snyder Construction for an over $1.0 million contract to complete an additional 30% of the Webster City facility during the next several months, with the goal of completing the retrofit of both the Blairsburg and the Webster City facilities by the end of 2022.
“Our primary technical focus during 2021 was to complete the retrofit of our LaCoste, Texas shrimp production facility and to make significant progress retrofitting and testing the conversion of our Iowa production facility,” said Gerald Easterling, CEO of NaturalShrimp. “However, COVID-19 pandemic supply chain issues caused significant delays in obtaining and installing the necessary equipment at both facilities. This included deliveries of electrocoagulation (EC) units, drum and carbon filters, pumps, heating elements, feeders, and aeration components. It also affected the availability of post larvae (PL) shrimp from hatcheries. Despite these challenges we are happy to announce the retrofit completion at our Texas facility.
“We are confident that supply chain issues will continue to subside as we move into 2022 as the pandemic recedes. We are working diligently with the team at Dean Snyder, one of the largest family-owned and operated construction firms in the Midwest, to regain progress on our timeline and position us to complete retrofits at our Iowa facilities. I look forward to announcing further updates in the months to come as we expect to be back on track and cash flow positive by the fourth quarter of 2022,” Easterling concluded.
About NaturalShrimp
NaturalShrimp, Inc. is a publicly traded aquaculture company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. For more information visit www.naturalshrimp.com.
About Dean Snyder Construction
Dean Snyder Construction provides design-build, construction management, and general construction services to the food/beverage, industrial, pharmaceutical and commercial markets throughout the Midwest. Dean Snyder Construction provides construction expertise from its offices in Clear Lake, Iowa, Ankeny, Iowa and Omaha, Nebraska. Over 230 employees deliver quality and trusted service that allow Dean Snyder Construction to complete challenging projects with pride.
**SHMP PODCAST**
NaturalShrimp, Inc. Discusses 2021 Accomplishments and Upcoming Nasdaq Uplist with The Stock Day Podcast
https://audioboom.com/posts/8041176-naturalshrimp-inc-discusses-2021-accomplishments-and-upcoming-nasdaq-uplist-with-the-stock-day
Phoenix, Arizona--(Newsfile Corp. - March 3, 2022) - The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP) ("the Company"), a publicly traded aquaculture company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. CEO of the Company, Gerald Easterling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's 2021 accomplishments. "In 2020, we had about $3 million in assets," said Easterling. "As of December 31st, 2021, we will have $41 million for total assets," he shared. "One of the commitments Bill Williams and I had was to get our NaturalShrimp shareholders over into our public company," said Easterling. "We got it done."
Jolly then asked about the Company's partnership with Gulf Seafood, Inc., which features a unique shrimp packaging technology. "This is an amazing opportunity for the company and its shareholders because it gives us a tremendous market that is virtually untapped that we can provide a consistent supply of live shrimp," said Easterling. "Gulf Seafood, Inc. can fulfill all of our production needs for 2022."
"Where are you at in terms of shrimp production?" asked Jolly. Easterling elaborated on the challenges of COVID-19 at their production facilities, as well as the difficulties involved in shipping live shrimp. "In the next couple of weeks we will do our first test run with live shrimp out of Lacoste," shared Easterling. "We're moving forward," he added. "It's going to take us all year to get Webster City up to full production," said Easterling. "The beauty of the whole program is that the profit margins are much higher for us, which may allow us to be in a cash flow positive situation by the fourth quarter."
The conversation then turned to the Company's progress with international licensing. "Currently, we have multiple companies, both with salmon and shrimp, that have reached out to us to work with us in international licensing," said Easterling, adding that the licensing is currently in progress.
"How are we going to get to the Nasdaq uplist?" asked Jolly. "There will be a reverse," said Easterling. "It will happen between now and April 15th," he shared, adding that the Company has now eliminated nearly all of its convertible debt.
To close the interview, Easterling elaborated on the Company's strong position. "We have more cash in the bank than we've ever had, and more support as we go into the uplist," said Easterling, adding that the Company plans to raise capital following their uplisting to the Nasdaq. Easterling then discussed the potential of the Company's upcoming conferences and encouraged listeners and shareholders to keep up-to-date on their projects and upcoming announcements.
NaturalShrimp could be “cash flow positive” by Q4
https://thefishsite.com/articles/naturalshrimp-could-be-cash-flow-positive-by-q4?fbclid=IwAR0u8xEK_OQy8ljw4dqNK_9DwAmXDp_gb-JPeAg0L36WkUwewWytL22AY5s
Podcast Link:
https://audioboom.com/posts/8041176-naturalshrimp-inc-discusses-2021-accomplishments-and-upcoming-nasdaq-uplist-with-the-stock-day
Royce White absolutely NAILS IT. Watch all the way through.
Royce White @highway_30 is next level. Royce's breakdown of the anti-Constitution nonsense being spewed by Elie Mystal on The View is the best thing you'll hear on the internet today. #Fearless Please listen and share. pic.twitter.com/SiWrj6CJYc
— Jason Whitlock (@WhitlockJason) March 4, 2022
**SHMP PODCAST-TONS OF GOOD INFO**
NaturalShrimp, Inc. Discusses 2021 Accomplishments and Upcoming Nasdaq Uplist with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - March 3, 2022) - The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP) ("the Company"), a publicly traded aquaculture company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. CEO of the Company, Gerald Easterling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's 2021 accomplishments. "In 2020, we had about $3 million in assets," said Easterling. "As of December 31st, 2021, we will have $41 million for total assets," he shared. "One of the commitments Bill Williams and I had was to get our NaturalShrimp shareholders over into our public company," said Easterling. "We got it done."
Jolly then asked about the Company's partnership with Gulf Seafood, Inc., which features a unique shrimp packaging technology. "This is an amazing opportunity for the company and its shareholders because it gives us a tremendous market that is virtually untapped that we can provide a consistent supply of live shrimp," said Easterling. "Gulf Seafood, Inc. can fulfill all of our production needs for 2022."
"Where are you at in terms of shrimp production?" asked Jolly. Easterling elaborated on the challenges of COVID-19 at their production facilities, as well as the difficulties involved in shipping live shrimp. "In the next couple of weeks we will do our first test run with live shrimp out of Lacoste," shared Easterling. "We're moving forward," he added. "It's going to take us all year to get Webster City up to full production," said Easterling. "The beauty of the whole program is that the profit margins are much higher for us, which may allow us to be in a cash flow positive situation by the fourth quarter."
The conversation then turned to the Company's progress with international licensing. "Currently, we have multiple companies, both with salmon and shrimp, that have reached out to us to work with us in international licensing," said Easterling, adding that the licensing is currently in progress.
"How are we going to get to the Nasdaq uplist?" asked Jolly. "There will be a reverse," said Easterling. "It will happen between now and April 15th," he shared, adding that the Company has now eliminated nearly all of its convertible debt.
To close the interview, Easterling elaborated on the Company's strong position. "We have more cash in the bank than we've ever had, and more support as we go into the uplist," said Easterling, adding that the Company plans to raise capital following their uplisting to the Nasdaq. Easterling then discussed the potential of the Company's upcoming conferences and encouraged listeners and shareholders to keep up-to-date on their projects and upcoming announcements.
https://audioboom.com/posts/8041176-naturalshrimp-inc-discusses-2021-accomplishments-and-upcoming-nasdaq-uplist-with-the-stock-day
NEW SHMP PODCAST
NaturalShrimp, Inc. Discusses 2021 Accomplishments and Upcoming Nasdaq Uplist with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - March 3, 2022) - The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP) ("the Company"), a publicly traded aquaculture company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. CEO of the Company, Gerald Easterling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's 2021 accomplishments. "In 2020, we had about $3 million in assets," said Easterling. "As of December 31st, 2021, we will have $41 million for total assets," he shared. "One of the commitments Bill Williams and I had was to get our NaturalShrimp shareholders over into our public company," said Easterling. "We got it done."
Jolly then asked about the Company's partnership with Gulf Seafood, Inc., which features a unique shrimp packaging technology. "This is an amazing opportunity for the company and its shareholders because it gives us a tremendous market that is virtually untapped that we can provide a consistent supply of live shrimp," said Easterling. "Gulf Seafood, Inc. can fulfill all of our production needs for 2022."
"Where are you at in terms of shrimp production?" asked Jolly. Easterling elaborated on the challenges of COVID-19 at their production facilities, as well as the difficulties involved in shipping live shrimp. "In the next couple of weeks we will do our first test run with live shrimp out of Lacoste," shared Easterling. "We're moving forward," he added. "It's going to take us all year to get Webster City up to full production," said Easterling. "The beauty of the whole program is that the profit margins are much higher for us, which may allow us to be in a cash flow positive situation by the fourth quarter."
The conversation then turned to the Company's progress with international licensing. "Currently, we have multiple companies, both with salmon and shrimp, that have reached out to us to work with us in international licensing," said Easterling, adding that the licensing is currently in progress.
"How are we going to get to the Nasdaq uplist?" asked Jolly. "There will be a reverse," said Easterling. "It will happen between now and April 15th," he shared, adding that the Company has now eliminated nearly all of its convertible debt.
To close the interview, Easterling elaborated on the Company's strong position. "We have more cash in the bank than we've ever had, and more support as we go into the uplist," said Easterling, adding that the Company plans to raise capital following their uplisting to the Nasdaq. Easterling then discussed the potential of the Company's upcoming conferences and encouraged listeners and shareholders to keep up-to-date on their projects and upcoming announcements.
https://audioboom.com/posts/8041176-naturalshrimp-inc-discusses-2021-accomplishments-and-upcoming-nasdaq-uplist-with-the-stock-day
Good Morning CFVI!!
Good Morning IGEN!!
Good Morning UNVC!!
Another 8K
SHMP getting all the ducks in a row for the uplist.
https://newsfilter.io/a/ed2533528c87f5105840f5942a028b58?fbclid=IwAR05sbVgF0uOhbM45jdkz9u9ABP5i_GBfPqZv7Tu5Wrpiyi85jcJsI6-cDE
NaturalShrimp to Attend the 34th Annual ROTH Conference March 13-15, 2022
March 02, 2022 8:31am EST
Company to Showcase Gourmet-Grade Pacific White Shrimp to Conference Attendees During Live Entertainment Events on Sunday, March 13 and Monday, March 14
DALLAS, TX, March 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), has been invited to attend the 34th Annual ROTH Conference March 13-15, 2022 at The Ritz Carlton, Laguna Niguel located in Dana Point, California.
NaturalShrimp President and Chief Executive Officer Gerald Easterling, Chief Financial Officer and Treasurer William Delgado, Chief Technology Officer and Chief Operating Officer Thomas Untermeyer, and DVM Aquatic Species Consultant Christine Huynh will attend the event in-person where they will participate in one-on-one meetings to discuss the Company’s recent and upcoming key milestones, RAS (Recirculating Aquaculture System) technology and commercialization opportunities.
Chef Douwe Iedema will be preparing NaturalShrimp’s farm-to-table sushi grade shrimp that will be available for tasting during the live entertainment events on Sunday, March 13 starting at 5:00 pm Pacific time and on Monday, March 14 starting at 6:00 pm Pacific time.
34th Annual ROTH Conference
Date: March 13-15, 2022
Format: In-person one-on-one meetings
Attendees: President and Chief Executive Officer Gerald Easterling, Chief Financial Officer and Treasurer William Delgado, Chief Technology Officer and Chief Operating Officer Thomas Untermeyer, DVM Aquatic Species Consultant Christine Huynh
For more information on the 34th Annual ROTH Conference, please contact your ROTH representative or you may also email your request to SHMP@mzgroup.us or call Chris Tyson at (949) 491-8235.
Good Morning VYST!!
Interesting link at the bottom of this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167160610
Yep. From what I saw over the past several months, you are the only one who has been right. Well done.
NEWS-SHAREHOLDER UPDATE:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220224:nGNE8WHlvP&default-theme=true
DALLAS, TX, Feb. 24, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), today issued a letter to shareholders from Gerald Easterling, CEO of NaturalShrimp.
Dear Shareholders,
NaturalShrimp’s 2021 year in review has been both challenging and amazing as we and our suppliers continue to deal with COVID supply issues. Our vision to produce fresh, land-based gourmet-grade shrimp without the use of antibiotics, probiotics or toxic chemicals has never wavered, advancing from a Texas shrimp company to a now worldwide biotechnology-based company. Today we have built the largest US shrimp indoor Recirculating Aquaculture System using our patented platform technologies.
Less than two years ago on March 18, 2020, at the onset of the COVID-19 pandemic, the Company experienced a fire that decimated our LaCoste facility, and the concern was that we might lose our business. From that point on we promised that our company would literally “rise from the ashes,” and today I am proud to say our management team has not only accomplished this mission but exceeded all expectations in doing so.
To demonstrate how far we have come over this time, we have raised over $50 million from the date of March 2020 fire. On our 10-Q filed for March 31, 2020, Total Assets listed on the balance sheet was $2.3 million, including the fire insurance settlement. Nine months later, at December 31, 2020, we had raised the Total Assets line item to over $15.0 million, providing the necessary capital to negotiate the acquisition of the former VeroBlue operations located in Webster City, Iowa. One year later, as stated on the December 31, 2021 10-Q, we raised the Total Assets line item to over $41.0 million, providing the necessary capital to negotiate the acquisition of the technology rights of Hydrenesis Aquaculture. Additionally, the capital was raised for the acquisition of the F&T Water Solutions LLC patented technologies and the acquisition of NaturalAquatic Systems, Inc. (NAS). Throughout this period of capital and acquisition growth we have continued to focus on the commercialization of our farm-to-table sushi grade shrimp and fresh seafood.
We have materially completed the conversion process of Convertible Preferred A shares from NaturalShrimp Holdings, Inc. to NaturalShrimp, Inc., either through issuance of shares or reserve of shares. We have executed agreements for approximately 70% of those total shares issued that are subject to the leak-out and lock-out provisions. The Series A Preferred will be retired after this process is completed and prior to our uplist.
Our shrimp production is behind schedule by approximately six months from the original projection. This has been due to delays from virtually all of our suppliers including hatcheries who have suffered from a myriad of pandemic issues, including labor shortages. Even with these delays, we anticipate being back on track and cash flow positive by the fourth quarter of 2022.
Our partnership and beta test with Gulf Seafood, Inc. shipping live shrimp from its Webster City location has proven this market has an untapped opportunity for NaturalShrimp and Gulf Seafood. Both companies have agreed to expand market opportunities to other areas of the US including Texas and our future Las Vegas facility.
Under our subsidiary, Natural Aquatic Systems, Inc. we are continuing our research with Marineholmen RASLab to evaluate the effects of using Hydrogas technology to increase fish health in a Recirculating Aquaculture System. We expect to prove our technologies will increase the health and survival rates in early salmon growth periods.
Looking ahead into 2022, we have filed an application to uplist from the OTCBQB to the NASDAQ on or before April 15, 2022 to help elevate the Company's public profile, expand our shareholder base, improve liquidity and enhance shareholder value.
We expect any capital raises going forward will be used for expansion. We will begin construction of a new shrimp production building in La Coste, TX in the second quarter of 2022. The new 80,000 square foot building will be approximately twice the size of the current existing production building of 40,000 square feet, enabling us to effectively triple the shrimp production output in Texas. In Iowa, we will begin the retrofit of the entire Webster City shrimp production facility based on the successful integration of our technology in a portion of the facility. Future expansion plans will also include the Blairsburg and Buckeye facilities in Iowa.
Our planned inland shrimp production facility of up to 250,000 square feet in Jefferson County Florida is moving along our development timeline. We have partnered with the Jefferson County, Florida Board of County Commissioners to lease or convey a ten-acre tract of land for the development of the facility in Florida, and to help to identify and pursue up to $25 million in available funding grants.
We also intend to expand into Las Vegas, Nevada to serve additional markets and increase geographic reach to the West Coast. A 480,000 square foot mega shrimp production facility is in the early planning stage and construction is expected to begin in the fourth calendar quarter of 2022.
Our commercial partnership with Gulf Seafood will continue through at least the remainder of the first quarter of 2022, after which we hope to have a long-term arrangement to drive its continued success into additional markets and greater penetration in existing markets.
We have continued negotiations with a Salmon producer on a license of the NSI technology, specifically around the technology from our most recent acquisition, the technology rights of Hydrenesis Aquaculture. We have been approached by several groups regarding licensing of our technology. We will entertain license opportunities in all areas of aquaculture except for the production of shrimp.
We thank all of our shareholders for being patient and supportive of the Company’s short term and long-term plans as we move through 2022. We are firmly convinced that we will enjoy an increased shareholder value into 2023.
Sincerely,
Gerald Easterling,
CEO of NaturalShrimp
Good Morning Shrimpers!!
TODAY'S NEWS-Vystar Adds Vytex into RxAir Spin-off, Sets Spin-Off Record Date, Opens Opportunity for Reverse Merger Into Vystar/Rotmans
https://www.otcmarkets.com/stock/VYST/news/story?e&id=2137643
Vystar Adds Vytex into RxAir Spin-off, Sets Spin-Off Record Date, Opens Opportunity for Reverse Merger Into Vystar/Rotmans
Vystar/Rotmans would have singular focus on furniture/bedding industry to be attractive reverse merger opportunity
RxAir NewCo would include RxAir®, Vytex® and Fluid Energy Conversion
RxAir NewCo dividend record date set for June 30, 2022
After 100% RxAir NewCo spin-off, NewCo will issue 9.5% equity to Vystar
Worcester, MA, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Vystar® Corporation (OTCQB: VYST) announces that it plans to split into two companies via a dividend. In addition to the previously announced spin-off of RxAir® air purification and Fluid Energy Conversion subsidiaries into a separate, publicly traded company, Vystar plans to add a third subsidiary, Vytex® latex and rubber, into the spin-off. The parent company Vystar will retain Rotmans Furniture, one of the largest independent retail showrooms in the Northeast, as a retail furniture and mattress pure play. Vystar would retain a Vytex license that allows for the use of Vytex latex materials in the manufacture and retailing of mattresses, pillows, bed toppers and upholstered furniture for Vystar and Rotmans. Vystar desires to take this action after early discussions with companies interested in a potential reverse merger into the Vystar parent company and its Rotmans subsidiary.
“We have been approached by parties interested in different Vystar divisions,” stated Steve Rotman, Vystar CEO. “We always explore options, but after thorough analysis, we believe that a reverse merger by a significant furniture retailer or other manufacturer into Vystar could yield a four to six times multiple over a buyout. Rather than a one-time buyout payment, a specifically targeted reverse merger could create a combined entity that could have significantly higher revenue ($100 to $150 million), increased buying power to achieve greater economies of scale for enhanced profits ($10 to $15 million) and a higher PE ratio. Ultimately, we believe this would support a significantly higher share price and greater market cap.”
“Furthermore, Vystar keeping a Vytex license for manufacturing of mattresses, pillows, toppers and other products after the spin-off of Vytex could create an additional revenue stream (both manufacturing and retail) and add value over time if the merger partner chose to pursue that avenue,” Rotman continued. “The combination of furniture retailer and Vytex license to produce bedding and upholstery is ideal for a reverse merger candidate that is looking for immediate growth and a low cost entry into the capital markets.”
This type of merger would have the potential to bring valuable new assets, revenue and talent into Vystar that may be the foundation for further growth and a more dominant position within the industry. Vystar’s $34 million carry forward tax loss could offer significant tax advantages for the new merger partner and the subsidiaries within RxAir NewCo. After a spin-off, Vystar and its Rotmans subsidiary would intend to have a singular focus on the retail furnishings/mattresses market, making it more appealing for prospective furniture or bedding retailer merger partners desiring to become publicly traded, without the burden of additional subsidiaries unrelated to their core focus.
“Rotmans has a long, successful history thanks to our dedicated, talented employees,” Rotman pointed out. “The future of our employees and continuity are of paramount importance and will be driving factors in management’s choice of a merger partner. We expect to have the reverse merger complete mid-year of 2022.”
Vytex® Added to Spin-off of RxAir NewCo
After Vystar completes the spin-off of three wholly owned subsidiaries, RxAir NewCo would be an independent publicly traded company consisting of:
Vytex, a developer and licensor of patented latex and rubber formulations;
RxAir UV light air purification systems; and
Fluid Energy Conversion (FEC), a developer of patented ultrasonic technologies.
Additionally, after the spin-off, RxAir NewCo would issue shares to Vystar, so that Vystar will have a 9.5% ownership in RxAir NewCo.
“We have more changes afoot to increase shareholder value now at Vystar than ever in our history,” stated Rotman. “We want to create a catalyst for growth for all of our subsidiaries, and we believe that a combination of placing Vytex into the RxAir NewCo spin-off, independent of Rotmans, creates a cleaner, publicly traded, higher valuation entity that will be better positioned to expand research and development of all three subsidiaries’ intellectual property across multiple industries. Vytex continues to progress its R&D, and explore new opportunities that have arisen across multiple industries. We will provide further information in future releases.”
Vystar decided to delay the previously announced time frame for the RxAir NewCo spin-off to facilitate the addition of Vytex into the spin-off that, in turn, creates the singular focused Vystar-Rotmans entity in preparation for a potential reverse merger. Vystar plans to execute the spin-off prior to the reverse merger. Those holding shares of Vystar stock on the dividend record date would receive a dividend of RxAir NewCo shares on the dividend effective date. Vystar has set the dividend record date as June 30, 2022. Vystar will announce the dividend effective date and ratio of the dividend once details become finalized and have passed regulatory review.
Additional Activities
In preparation for the above planned and potential activities and transactions, Vystar and its subsidiaries plan to conduct a number of corporate transactions to facilitate a smooth transition. These may include issuances or conversions of common and preferred stock, debt settlement, restructuring of debt and other activities that will be disclosed to shareholders in accordance with SEC requirements.
For inquiries regarding Rotmans, the reverse split or RxAir NewCo dividend, contact Steve Rotman at 508 438 4143, or srotman(at)vytex(dot)com.