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Yes I saw that too when you mentioned it, but it was on July 18th so imo the PR suggests that the purchase was completed between the 18th and the 22nd.
What??? The PR says Vystar "has signed a definitve agreement and has acquired Murida Furniture company".
Sounds complete to me.
Imo auditors were necessary to evaluate Rotmans financials for the bank (like for the line of credit), but Vystar dont have to release the financials right away.
And by the way the 8K says they will release them in 71 calendar days, which is October 1st.
LOL what???
No, OS is 1.04B. You confused it with AS which is 1.5B.
BOOOOOOM! As promised! Let the fun begin now!
Of course they go public to raise money! That s the only reason companies do that. And of course it is legit, they released audited financials.
Good DD, thanks HMB!
Oh yes I forgot to mention that because I was focused on the financial reqs. You re right, SEC registrant is the first step.
Another interesting thing: "Woodbrook is in the process of acquiring an insurance license in Dubai".
Another revenue stream is coming.
Check the requirements for getting to Nasdaq Capital Market tier. They are very close. I think with the completion of the Dubai acquisition they will reach the required minimums for market value and income.
Only item left: the OS needs to be 1 million so we ll see how many shares are issued for the Dubai deal (probably a few 100,000s), and then maybe a 2:1 or 3:1 split to reach 1 million shares. We ll probably know in a few days, they should release a supplemental report like they used to.
We ve had updates every week in the last 2 months. No update this week means there is nothing else to update us on, so imo on Monday we get the official confirmation.
Well we had "Supplemental Information - Supplemental Report" for every material event other than quarterly report. Check https://www.otcmarkets.com/stock/wdbg/disclosure
I expect the same here.
https://www.securitieslawyer101.com/2013/otc-pink-current/
Q. What is a Current Report and when is it required?
Current Reports report material events, and must be filed within 4 days. OTC Markets has compiled a laundry list of items that require Current Report filings. These include sales of common stock or other equity securities, material modification to the rights of shareholders, entry into or termination of a material definitive agreement, completion of acquisition or disposition of assets, mergers, changes in control of the Company, creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, changes in certifying accountant or non-reliance upon prior financial statements, departures, appointments or elections of officers or directors, and material impairments.
But actually there should be a curent report for an acquisition like this. And according to OTC rules it has to be filed within 4 days. We ll know more then.
Now that the 1st quarter fins were released, shouldnt we go back to current? What s missing?
Good point. The acquisition will probably be done with shares, but without an 8K I dont know how we will know how many...
I doubt it. RS is not a good news, I thought TRNX had what was needed to go above 1$ without needing it. It looks like they dont trust they will have sufficient catalysts in the next few weeks. Also they diluted a lot. I ll wait for a bottom before re entering, staying on the sidelines for now.
They look ok to me, the main stuff is green, like 700k revenue, 534k gross profit, 63k net income. Cash is lower though. Far from mind blowing but not red.
Good point. There should be an 8K in a couple of days explaining all this (I hope).
Thanks, that s good stuff! However I m surprised noone buys today...
? We uplisted yesterday
Where did you see that 1B$ AUM?
When reading the file it sounds like they will do it anyway. The only undecided thing is the ratio (2 to 100) which will depend on the pps on the date of the vote.
Limk please, I cannot find that news.
LOL any proof of the 20 million shares?
No, but you cannot say that dilution in January is evidence to prove that there is dilution NOW.
Good ol' dilution broken record.... Not working my friend!
Haha no I m not playing this game with you. But look at the facts. Last OS update was on June 6th, 1,050,103,892. 4 million shares were awarded to Matthan.
Since then about 75 million shares were traded, let s say 45 millions sells. So I would say dilution is somewhere between 4 million and 10 million, so OS at 1.060ish billions.
What s your number?
June 6th tweet:
A quick update on the outstanding shares as of today, 1,050,103,892. The additional increase is due to the FEC transaction closing, shares owed to one board member and the additional $100K equity investment at.15 a share.
OK point taken, but all this dilution happened in JANUARY to get rid of all debts and notes. I was talking since FEBRUARY.
LOL what a bad comparison, you could not have found worse. What happens when the baby is born? Are you still pregnant LMAO?
Which in our case corresponds to "what happens when all convertible notes and debts have been paid?"
Of course an ungagged TA is much better, all I m saying is that a gagged TA does not mean there is dilution. And if there is, it is very small, that s pretty obvious seeing the daily volume.
LOL no, management gave another reason. If you dont believe them, fine, but it shows that it s not the only possible reason.
Yes, in January LMAO !!
LOL do you have any evidence more recent than this 6 month old fact?
If the TA is gagged, how do you know there s dilution?
Have you watched the daily volume? Where s the dilution?
LMAO your arguments are pathetic.
LOL OK can you show me the dilution since January?
LOL you dont know that either, so why do you say every day that VYST is a "dilution scam"? Any proof so far? From the SEC maybe LMAO