Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL.
If they just dilute, pps will go below 4$ so what s the point if they want to uplist? I m sure there will be a FS.
I never said the float is small, I said it is locked. I know several longs who own more than 10 or even 20 million shares. Then there s all the insiders friends who are in the float. All these people bought a long time ago and wont sell. The "tradable float" is small.
But you re right, it goes both ways, a few million sales bring it down quickly, but I m sure tons of people will enjoy cheaper shares (including me). Not worried in the long term.
Well OS is 1B but we ve already seen that just a few million buys can bring the pps much higher. Float is locked up here, look at the daily volume.
I also think there will be a forward split. The acquisition of Mondial will probably involve shares, maybe WDBG will issue something like 300k-400k shares to the Mondial owner (I think I read Mondial is valued at around $30 million), and then they will do a small 2:1 or 3:1 forward split just to get above the 1 million shares requirement for uplist and make sure they have sufficient margin above 4$ (which should be easy). What do you think?
They have to issue a pretty big number of shares, otherwise just doing a FS to get over a million shares will divide the pps by at least 7 (OS is 140k), so it would mean the current pps has to be well above 28$ to not endanger the pps requirement for uplist.
Of course there can be some incentive for the investors, but this kind of investment is WAAAAY better than a toxic lender getting convertible notes.
And what about ISCO? I checked the 8K, there was no other condition and the shares were at a premium:
International Stem Cell Corporation (OTCQB: ISCO) (...) announced today that it raised $500,000 from a private investor not affiliated with the Company or its management, at a price of $1.75 per common share, which represents a premium of over 14% compared to the closing price on September 21, 2018, the date of execution of the agreement for this transaction
Note: I hope it will not be removed again, it s not a spam, this is to explain that a private placement at a premium can happen on the OTC, so it can happen to VYST:
Check this one, THIS is the kind of investment I m talking about: https://www.globenewswire.com/news-release/2018/06/06/1517557/0/en/
BioCorRx-Raises-1-1-Million-at-Premium-to-Market.html BioCorRx Inc. (OTCQB: BICX) (the “Company”), a developer and provider of advanced solutions in the treatment of alcohol and opioid addictions, today announced the Company recently sold 5.5 million shares of common stock in a private placement at a price of $0.20 per share for proceeds of $1.1 million. The $0.20 price paid by both new and existing investors represents a premium to the current market price. Investors also received 100% warrant coverage with the warrants having a three-year term and an exercise price of $1.00 per share.
From a quick google search, OTC stocks only:
ISCO BICX FUGMF... and probably dozens more
Then of course if you look at big boards there s hundreds more
LOL you completely missed the point, nobody questioned the voting rights. If there is a R/S, we ll know 30 days in advance, period!
Very nice!
What s the next step? Q2 fins ? SEC reporting re-application? PR? Details about the Mondial acquistion? In any case, next few weeks will be exciting after 6 months of patience and averaging down .
Also I checked and a private placement at a premium is not unusual, even on the OTC. I just googled it and found plenty. So it s not "almost ALWAYS" (sic, LOL) at a discount!
No, it is a different news, as confirmed by CEO this morning:
Today's press release is big. This F500 client is not RAD's largest client by F500 ranking but definitely our biggest in terms of overall need and potential. $AITX and yes it's a new release but I see the similarities to Tuesday's pr. As I said Tuesday CRE is gaining momentum.
— Steve Reinharz (@SteveReinharz) August 1, 2019
We'll see.
By the way, I just read again the old PR about the investment from FristFire (the one we ve debating for months), there is an interesting part:
WORCESTER, Mass., March 07, 2019 (GLOBE NEWSWIRE) -- Vystar Corporation, (OTC Pink: VYST) a family of eco-friendly brands including Vytex® Natural Rubber Latex (NRL) and RxAir® air purification products, announced that FirstFire Global Opportunities Fund, LLC (FirstFire), an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250 percent premium to yesterday’s market close. The stock purchase has no rights for conversion or warrants associated with it. FirstFire is permitted to participate in any of the Company’s upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
So we could expect similar investments in the near future. And hopefully this time they will be clearly explained in the filings!
Of course there is an incentive if you have access to financials for example!
Average down and be patient, that s the name of the game here.
And you re right, trading is betting on what MAY happen .
I was probably not clear, but I meant the same as you said: IF an RS is needed, it will be before uplisting to Naz. I was just saying they will consider the RS once they feel it is time to uplist.
For TOCQB application, it is the next step, we should hear about it shortly, and yes finally the TA will be ungagged.
LOL ever heard of a private placement?
Actually that could explain why the fins are not released yet. Vystar management might be in talks with several wealthy investors who have access to the Vystar financials (including Rotmans) and who can see that the company is way undervalued now.
Remember from the 10Q:
"A successful transition to attaining profitable operations is dependent upon obtaining sufficient financing to fund the Company’s planned expenses and achieving a level of revenue adequate to support the Company’s cost structure. Management plans to finance future operations through the use of cash on hand, increased revenue from Vytex division license fees, stock warrant exercises from existing shareholders, and raising capital through private placement memoranda (see Note 13, Subsequent Events)."
smh....
The R/S will not happen now! It will happen when pps is close to 0.5$ AT LEAST. Then a 15:1 or 20:1 will be more than enough. <br /> Uplist is not gonna happen tomorrow! Vystar will first gradually increase the pps in the next few months (fins, new contracts, private investments, OTCQB, etc...) and they will uplist to Naz when they are ready to do it. And THEN they will consider a R/S if it is needed.
Also there is a 1 month notice before any R/S can happen, read the filings.
LOL higher pps will bring tons of investors who only invest in stocks where pps is higher than a few $, so shorts will not matter. And if the R/S is done FOR the uplist as already claimed, shorting VYST would be the dumbest move ever.
Another post disconnected from reality.
Do you know that issuing shares (and also a reverse split, by the way) can be benefitial to a company AND to the shareholders? It all depends on the context, and why the company is doing it.
For example, if now an investor comes to invest $2 million in exchange of 1 million shares, will you scream dilution? Of course no, because that would value our shares at 0.5$.
This is exactly what Vystar management is talking about, and that is why they cleared all convertible debt, and that is why they acquired Rotmans. They now have a strong business with solid, consistent revenues of $30+ million per year, and they will now be able to develop the other branches and also of course grow Rotmans too, which is why Steve said that Rotmans furniture will also benefit from the access to public markets.
Remember: it takes money to make money. It is true for any company, even blue chips making billions per year.
Thanks, I fully agree !
Impatient traders, unfortunately there s plenty on the OTC. When they saw that the 8K did not bring massive buys like we all thought (probably because there was nothing we did not know, no good or bad surprise), they sold and moved on to another ticker.
Daily volume came back to its usual 2-3 million per day so it is still nothing compared to the OS, longs and insiders still own most of the shares.
Greg was just a consultant for Vystar from 2011 to 2014. Then he became a 5% stockholder. It does not mean he was making decisions, best case he was participating but there was many other large owners and directors, he was never the major owner so you cannot blame him for the losses which happened before Steve took control.
When a company is doing bad, is it because of the stockholders? Or CEO and directors?
Yes there might be other similar products out there, but what if you could make them cheaper? That is why Vytex patented the PROCESS: it saves a lot of money to companies using it! But it takes time and money to convert producers to this method. But now that they have the financial power (no debt + Rormans) they will be able to help many producers to convert to their method!
Just remove your blinders, see the big picture, and you ll understand what is going on here.
Greg is not responsible from what happened before his father took control. He was not the one making financial or strategic decisions.
And Paid Inc is irrelevant to this board.
One example of a disruptive product that could not penetrate the market for 100 years: electric cars. Now look where we are.
What you re saying is again pure non-sense. It takes time to make great products, and it takes money to make money. Before being controlled by Steve Rotman 1.5 years ago, Vystar were broke and could not do anything. Now the Rotmans have made huge housecleaning, paid debts, acquired high potential companies and now we are ready to use the financial strength from Rotmans to develop the full potential of latex, RXAir and Hughes reactor!
WOW what s happening??
LMAO dont you know that online orders are now 30% of total mattresses sales, which is a 30B$ industry??? And it s going up exponentially. Bed-in-a-box are having huge success these days. Heard about Casper or Endy? Even Sealy are doing it now, because there s so much money there.
They probably limit the deliveries to New England area for the beginning but they will expand gradually to national deliveries, I m not worried about that.
Also Rotmans tells me they are now available online too, here is the link:
https://www.rotmans.com/search/keyword/sonnett%20sleep?kwd=sonnett%20sleep
Another positive thing: yesterday I sent a message to the Facebook page of Rotmans to know if the Sonnett beds were finally there, here is their answer:
"Yes. The complete collection of Sonnett Sleep mattresses are on the showroom floor."
Good news! We should be back to current in a few days. Mickey is putting his shit together finally.
Now we need to become SEC registrant, get the details of the acquisition of Mondial Dubai, have the filings audited by a PCAOB firm, and after a nice and sweet forward split we re good for Nasdaq!
Uplist to Nasdaq capital markets does not need billions in revenues or assets. Actually with the acquisition of Rotman they now have all criteria filled except the 4$ pps, and I have no problem if they do a slight R/S to get there. They said they would conisder it when reaching around 0.5 which is definitely doable. And obviously they also need to ungag the TA, but this will come in due time.
In the pacer it says "at least 30", so you re not even consistent.
Can wait for you to stop spreading BS.
Direct quote from the PR:
"Rotmans had gross revenue of approximately $30 plus million."
LOL PR says 30+ !!! Lewrn how ro read !!!
LOL VYST does not need to be worth 4B$. They will do a RS for uplist, no question about that. Imo they will do it when we reach 0.4-0.5$ like they said months ago.
Just one contract on tyres or gloves will be sufficient to reach that level, think about it.
Exactly, they are purposely vague about the revenue, because they dont have to be accurate. But think about it, everywhere in Vystar/Rotmans communication it says 30+ and there s only ONE place where there is "about 30", and it is not information controlled by Rotmans. I m not saying the journalist made a mistake, but the Rotmans were very consistent in all their communications about it.
Anyway, expect to be surprised when you will see the revenues, imo we will be well above 40
Yes they will once on NASDAQ, and they will do like any other company listed there: have investors bring money except this time it wont be toxic lenders and the share price will be higher than the pps, so it will be benefitial to us shareholders. Forget the OTC, we re going to Nasdaq.
To be accurate, in the pacer files Steve signed, it says:
"25. In addition to being CEO of Vystar, I am also the CEO of Murida, Inc. ("Murida"). Murida is a company genersting AT LEAST thirty million dollars a year in revenues."
So should I believe a document signed under oath, or an article from a journalist who might have misquoted Steve? I ll go with the pacer file.