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Didnt you read the part about convertible notes and warrants cancellation? Is this free? LMAO
LOL, here we go again!
What a terribly dishonest post, read again the 10Q, you "forgot" to mention a few things.
Not this week, but the previous tweets gavr us nice green days. I agree that peiple are waiting for the mwrger to be confirmed, I m betting on a PR Monday morning like in the last few weeks and the 8K a couple of days later.
I m also disappointed it takes so long, but daily pps action does not matter if yoi re long, only flippers are pissed.
Thanks! I m surprised then it does not talk about CBD in QGP in the report.
Yes there are already other products out there, but VYST proposes a natural, non allergenic mattress, and with the green trend in every product they have a great chance to get even a tiny portion of this massive market. I will be happy with even 0.5% of the 40B$ cake as it already represents a lot!
Nobody cares if they do not get to the top 10 mattress companies, as long as they have a decent revenue, and to me it looks like they are well on their way with their new mattress line coming to the market in a couple of weeks!
Agreed, this aint Apple nor Google, but there is huge growth potential imo, that is why I m here. I dont see us reaching a dollar this year, but a pps like 0.25$ is definitely achievable with the products we start seeing like mattresses and airfilters. And then there s all the other potential applications like gloves, if just one of them comes to life the market will react very positively.
For those who dont believe it, it s simple: dont buy and move on!
I was told by Greg a couple of months ago they will apply for uplist to QB once the Rotmans acquisition is complete.
I dont understand your reaction. Yes it s been a while but there is progress, these things take time.
The problem on the OTC is that people want to be millionaires in a couple of days.
We re good here, pps is not going down, we ve been in the .039-.05 channel for a couple of months, and as long as this acquisition is not confirmed in an 8k we will stay in this range.
Steve did not sign off because he does not need to, dont find a problem where there isnt.
Patience is key here. If you cannot wait, sell and move to your next stock.
Yes I fully agree with that, but I meant are people disappointed it is not CBD? I think it is good news but I am expecting more details like when is it gonna start or what is the expected revenue?
If Rotmans was a POS and they wanted to get rid of it, do you think they would have asked for shares for 75% of the sale (and they will onky get them for uplist) and cash over 5-8 years? Of course not! Getting shares would be worth nothing if Vyst and/or Rotmans were POS.
Thanks Sterling. In your opinion, why is the stock not moving in such a good news? People dont know what QG is? People are expecting CBD or a facility?
Wrong, 100% of the revenues and profits go to Vystar, that s the beauty of that move
It is completely ridiculous to think like you do.
If the Rotmans thought Vystar will lose money, why would they bring their family business into it? Answer: because they know Vystar will make tons of money! It is as simple as that!
LMAO, suspect how??? It is much better, the buyer and the seller cannot screw each other!
LOL you still did not get it....
Buyer and seller are the same, they DECIDE what is the best price for Vystar which is the new locomotive. This low price will barely impact Vystar finances so they will be able to focus on the growth of their other branches while benefitting from the financial strength of Vystar. Selling 58% for 2M$ does not mean it is what Rotmans is worth! Rotmans is probably worth (imo) at least 20M$. Also maybe the plan is to sell the remaining 42% in a few years (when VYST will have massive revenues) for a much higher price to compensate for the lower price now.
This deal is the best we could have thought of, it is even better than what was anticipated (there was rumors of a 4M$ deal half cash half shares).
We're good here!
Good post, lots of facts.
LOL dont worry about the Rotmans, they are some of these "strangers", they will make much more money like this .
Acquiring 58% or 100% of Rotmans does not matter, it costs less to Vystar for the same effect (100% of revenue).
Another great post! Thanks Sterling, your posts are always clear and to the point.
Well said!
LOL!
That is what happens when a private company goes public! You have to let "strangers" take a part of what you built to grow further. LMAO you dont know what business is, do you?
LOL.
You know the price paid is irrelevant, right? All these companies were related (owners are also shareholders of VYST), a low purchase price benefits everyone, think about the big picture, not individual entities.
Even post uplist, it wont change VYST ownership. 1.5M$ in sgares at the current pps is about 30M shares. If we assume the pps increases as the company grows, when uplisting it will be even less shares, so it will never affect the ownership tot he point that NOL is affected.
It s actually 500k in cash, and shares once we uplist, so even better!
This rule applies to the ownership of VYST (which has the NOL), not the one from Rotmans. So 58 or 100% of Rotmans wont change the ownership for VYST, especially if they dont issue shares for the acquisition before uplist.
Great deal!
So 500,000$ cash over 5-8 years that s 100,000 per year maximum, that s nothing!
And for the shares, 1.5M$ will be even less shares as the pps increases for uplist!
Also for an investor who cannot buy penny stock. Either way, that s beneficial to shareholders!
I did not hear that, they applied about a month ago and with this 4-6 weeks timeframe they should uplist any day in the next couple of weeks.
How do you know? Maybe he is, maybe he isnt, but anyway that s not the point, it takes time to get all the documents, review them before signing.
Also it reminds me of that old tweet from May 7th, they were already talking about investment bank relationships for June, it could also be for the buyback:
"Many questions on the buyback; we were able to do a small amount, in Q1. We are looking at investment banking relationships in the next month & we believe they will be able to perform this task for us. It's difficult to find a firm willing, without a formal relationship."
$VYST the puzzle is almost complete!
Yes that sounds realistic and would make sense!
Yes I am confused too. Maybe they wanted to close the other 58% before going to Steve for signing the remaining 42%.
Dont worry, once closed, the purchase agreement will be in an 8K. The tweet sdd not say it was done deal yet. Also there needs to be a PR before.
According to the latest 10Q, Steven Rotman owns 42% of Rotman. Could it be his 42% that are missing from the signatures? In that case this is a 100% !
Agreed it is confusing. Also 58% is what was mentioned in the Q3 2018 10Q: "to approve the resolution to acquire 58% to 100% of the shares of Murida dba Rotmans".
I dont see why it would be only 58% since it is the controlling majority. Maybe some of the Rotmans want to keep their part of the company? Or are there more negotiations to acquire the remaining 42%?
LOL, I think you forgot to do any DD.
1) VYST is not a shell, it gets revenues
2) You re saying Rotmans go to Vyst because they are desperate. Total nonsense. If they had issues like you re saying, it is the same as if you have difficulties paying your mortgage and you buy a second mortgage on top of it. Nobody would do that, and banks would not even allow you to do it. It s the same here. Rotmans makes money, and Vystar is a huge growth company that will use the financial strength from Rotmans to grow even more. And Rotmans will benefit from the 20M$ NOL to increase their profit even more. It s a win win situation !
it s 25%, he owns (himself or ARJ or gis wife) 576 million shares out of a 2.2 billion OS. So roughly 25%.
Well said, agreed 100%
Agreed. There s many things I would like them to say on their twitter account, but that s still a good communication tool and they use it on a regular basis.
If you are so impatient, why dont you call yourself?
Personnally I dont feel the need to call. Maybe if tomorrow at 6pm there is no news or update I will consider it.