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Nothing confirmed for Vietnam yet.
And we still have Thailand and Guatemala, no worries here.
Thoughts about what? What are you showing?
Did it do the split to uplist? That is the big difference and the whole point of my post. Agreed R/S are most of the time bad, EXCEPT when it is for uplist.
Name one of them which went to Nasdaq or NYSE. People would be stupid to sell a stock that goes there.
LOL you know a reverse split is a good thing if it is for uplist to major exchange? I m amazed how some people are scared to see a reverse split without looking at the circumstances...
smh....
Great stuff! Thanks for sharing, next time take notes!
Yawn....
The daily trader mentality at its best.
Rome wasnt built in a day...
That was my favorite part of the PR, so many new applications !
Great post once again.
My only concern is that you claim that insiders own around 75% of shares. I think this was true in December when OS was around 400 millions, but what makes you think it is still true now? It cant be insiders, otherwise we would have seen it in the forms 4. And it cannot be Greg and Jamie either, otherwise they would have filed a form 4 as 5% shareholders.
Do you think insiders' FRIENDS bought 75% of the approx 600 million shares issued this year?
OK. In any case we need to get the pps much higher first. Good fat contracts with Vytex will do.
You said he told you he was pro RS.
From what I remember they are against RS and will only do it if they have no other choice.
I dont agree with that statement. What I recall is perfectly described in that post from Sterling in January:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146107541
I reached out to the company and confirmed that there is no reverse split. I was informed by the company that the only way that VYST would do a reverse split would be if they needed to do a small one to meet NASDAQ requirements which was why such was given an honorable mention within their last 10-Q:
https://www.otcmarkets.com/filing/html?id=13070644&guid=kjy8UWUD04sjm3h
I was also informed that if such is the case, VYST would announce a no higher than a 1-10 reverse split at the same time of announcing their application submission to trade on the NASDAQ. If such was to happen, it would be after their upcoming closing of their acquisition of Rotmans that was listed within their last 10-Q under Note 12 Subsequent Events which would immediately make them a NASDAQ company because of the Revenues and Profits that they are generating:
https://www.otcmarkets.com/filing/html?id=13070644&guid=kjy8UWUD04sjm3h
The company totally understands that a reverse split is not good for the market and would never do such unless VYST needed to meet the NASDAQ requirement of having a minimum $4.00 Bid. Based on the logic from my conversation and the ratio of no higher than a 1-10, they plan to see VYST trading at .50+ per share before such is needed to graduate the company to the NASDAQ or a reverse split would never happen. The company also told me that there will be a share buyback in the near future.
To reiterate… The company informed me that they are going to qualify for NASDAQ with their Revenue and that if they ever did a reverse split, they would be filing for the NASDAQ and a small 1-10 reverse split on the same day.
What was true in March might not (and probably will not) be true in June or August. Vystar launched/relaunched several products this year (RXAir, Sonnett mattresses) so a high cost of foods sold is not abnormal. What I expect to see is a decrease in the COGS in the 10Q next week, and an increase in revenue. It s all about growth.
And remember, it takes money to make money, and Vystar has cleaned the table for being able to launch tons of new products now that they paid all toxic debt and can use the Rotmans financial strength.
Dont forget, now Rotmans will be able to use the $20 million NOL from Vystar. I imagine Rotmans profit is a few millions so they wont pay taxes on them for at least a few years.
New tweet out
In the 14 days, since the acquisition, Rotmans added $1,501,919.06 in revenue to Vystar. $VYST
That extrapolates to $39 million per year, and with special sales like Black Friday, we are above 40.
Thanks, great stuff!
What email? Can you share it? Thx
Good summary, thanks
Good post, thanks for the recap!
Seriously stop talking about the RS, it will only happen when we are ready to uplist, which is months from now. Vystar forst needs to grow organically, I expect great news from Rotmans first (fins) then from Vytex (tires, gloves, ... possibilities are endless)
Seasoning rules??? LMAO. It does not apply to VYST.
Impatient traders, that s all.
But seeing the low daily volume for the last few months, I m not worried by a few traders leaving the boat, their loss!
Good work, should be stickied!
It will probably take a couple more weeks.
From last weeks PR:
"Three of the first four ice cream flavors have shipped and the fourth just completed production. To clarify the process for those who are unfamiliar with a distributor model, the initial shipments go directly to the distributor, not to the retail stores. So, the major store roll out for ice cream will occur in August as the distributors add the Verus products to their routes and stocking schedules. By the end of August, we expect the ice cream will be well represented in the initial target team markets. The candy is several weeks ahead in terms of placement and recently passed the 500-store mark. Verus will provide periodic updates on the store count of the Major League Baseball (MLB) products as distribution accelerates during the next few months."
LMAO "I know for a fact". Your opinion is NOT a fact. Bring proof to your claims before we even consider them.
So true! But long term we will look way better than these other stocks, because we have huge revenues now and amazing growth potential!
And personnally I dont believe in BS on the OTC
LMAO yeah he s too old and probably forgets or confuses numbers now. We re doomed LOL!
LMAO
Vystar management have a habit of releasing news or tweets on Mondays. Hopefully we ll get another one next Monday, we are due for a nice surprise .
Very nice, thanks for sharing!
LOL let s recap what you re saying:
Rotmans is making 38M$ in 2016. In 2017 they decided to increase their showroom by 40%. But in 2019 according to you they make only 30M$. So in 3 years, their revenue per sqft decreased by almost 50% (217$/sqft to 120). Wow, very hard drop for a company in the business for 56 years to have made such a bad decision to increase their showroom.
Nevertheless, they decide to put their "dying" business on the public market to raise more money. But by doing so, they are just precipitating the fall of the other branches which are not generating enough revenues at the moment to counter the losses from Rotmans. So the price will go back to trips, and the Rotmans will have lost their shop and all the money invested in Vystar.
Good story but NOT CREDIBLE FOR ONE SECOND! So based on all said above, I am confident Rotmans make way more than 30M$.
LOL how do you know they make less? Have you seen the fins? You know 30+ can mean 50, right? LMAO
2 years ago their showroom was 175,000 sqft. Now it is 250,000 sqft. And they did it without public market money from VYST. So they DEFINITELY have the capacity to grow, but with access to public markets they can grow EVEN MORE.
Well I ve been in other tickers with complicated situations like this (M&A) and it took time but not 6+ months like here.
It s OK, I ll wait, not in a rush, just asking.
How come it takes so long for completing the audits?
Thanks Sterling, good to remind everyone that we are dealing with big shots here!
Steve confirmed the last F500 buyer is CBRE group, it s all in the smiley
No comment 😉
— Steve Reinharz (@SteveReinharz) August 2, 2019
This is for Nasdaq Global Select market, forget about it, it s not for us, it s for HUGE companies. Look at the requirements for Nasdaq Capital Market. Publicly held shares req is 1 million.