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I realize everyone here understands the game, but for many years you seem to have been playing by rules that are dictated by the stock promoters, CEOs, etc. The guys you end up complaining about, calling names and accusing of things. They are running the game.
Not anymore.
Starting RIGHT NOW, OTCMarkets CEOs are going to have to play by our rules. We are running the game; you control the destiny of not only your investment, but the destiny of the companies in which you invest.
Calling a CEO, or someone like Greg a scam artist accomplishes nothing - it certainly doesn't make you any money. Doing something about it will make you money.
You will no longer be at the mercy of guys like this.
We will play their game, BUT we will run the game, and it will be played by our rules.
The Medifirst Solutions (MFST) CEO is on his way to prison, the stock doesn't trade, and my firm working on a restructuring focused on recapturing shareholder losses.
The THC Therapeutics (THCT) CEO is under investigation, he can't file his financials, and the stock doesn't trade.
They both thought we were playing by their rules. If indeed Greg, and/or, Steve, and/or, the board of directors, are what you all say they are, then their future is predictably similar.
Again, The Rules Have Changed.
That would be great. The thinking being that closing down would hide everything right?
He can certainly try that, but it won't work - shareholders, TOXIC lenders and all.
We have given Brandon the rope and he will surely hang himself with it. So far every move he has made has been predictable. Closing down is not beyond the realm of possibility and it is on our radar.
More likely is that, since he needs the stock to trade, he figures out a way to get current again. That involves, as you know, reporting the company's financials.
One of two things happen if they restate their financials for the last several years -
1) They tell the truth which discloses Brandon's misappropriation of funds (not good for Brandon), or
2) they lie - and I show the real numbers (not good for Brandon OR the auditor).
Any move he makes, or anyone with the company makes, will ultimately be ill-advised.
We are watching.
Everything that has been done, and is being done, by VYST management, be it Greg, Steve, or the board of directors, has been done, and is being done, by literally thousands of companies that trade on the OTCMarkets.
Whatever the scheme: strategic pump-and-dump, "acquisition/merger announcement," "share buy-back," "spin-off," etc., each is done to accomplish one thing - distribute shares, from the hands of the holders of those shares, into the hands of "investors" like those on this board - effectively transferring money from your bank accounts into their bank accounts.
You guys know this - you knew it when you got involved.
The strategy, with companies like this, has always been for "investors" to participate peripherally in the scheme by buying the stock as they put out news, and catching the meat of the move (being a part of) on this pump, and selling (being a part of) the dump as it starts - buy the pump-sell the dump. If the "investor" had any other strategy in mind, other than to be a part of the scheme peripherally, he was sure to get hurt. And, if he didn't time his "investment" right, he got hurt.
And god help you if you actually believed in the company.
Well, The Game Is The Same, But The Rules Have Changed.
Stay tuned to what happens here with VYST. I believe you'll find it not only very interesting, but very lucrative.
That being said:
DO NOT BUY THIS STOCK!
Actually, I would expect what appears to be going on here, for at least the past several years, to continue - they appear to be using variations of the same huckster moves, utilized by many OTCMarkets CEOs, "boards" and their promoters, to perpetuate self enrichment schemes.
Companies have been able to continue doing these things, year after year, because shareholders do nothing about it. Those days are over.
If indeed everything here is as it appears, there will be a price to pay for the company management and the board of directors.
The reason I say "If everything is as it appears'" is because we leave it to the authorities to determine if there is anything like fraud occurring. We just bring it to those authorities; and persist until something is done to stop them, or the authorities convince us there is nothing nefarious going on.
We just have to let it play out. Give management the rope...
That may have been the way penny stock hucksters could operate in the past, but THE RULES HAVE CHANGED.
After announcing this spin-off/dividend for a third time, if it doesn't get done, if something very positive doesn't happen for the VYST shareholders, Greg, and the board of directors, will need to answer a lot of questions.
This guy thought he was getting away with something: CEO Arrested. Unfortunately, he left a serious mess for us to clean up.
I sincerely hope Greg gets it done, but if he doesn't it certainly won't go unnoticed.
Back in November I advocated a course of action that, if taken, would have had the company well positioned and creating value by now. For reasons known only to Greg, and the company's "investment banker," they went in another direction.
Basically, they have done nothing for 5 months and then just reiterated the intent to execute a plan that was 2 years old - and - never executed.
By doing so, they have basically painted themselves into a corner. Do it, or else, as you say...Karma.
Let's think forward to IF a reverse merger transaction were to actually happen here.
It is highly likely that it would be a share exchange - with no cash exchanging hands.
So:
If you are the "seller," why do it?
If you are the "buyer", why do it?. Why take on all of the problems of this company? There is a $5.62M workin capital deficit and $10.47M in long term debt.
The answer for VYST, the only answer, is Chapter 11.
Keep in mind there are 437 beneficial shareholders in VYST.
Thoughts anyone?
A REAL company reversing into Vystar bags the question: WHY??? Why would any real company merge with Vystar?
To merge with Vystar is to take on Vystar's problems - Vystar has a $5,621,407 working capital deficit (they are technically bankrupt). One would think that any REAL company would not want to walk into that problem.
The strategy outlined in the most recent press release is severely lacking; comical actually.
Today is March 11th and VYST is trading at $0.0065.
Every move they make appears to be "smoke and mirrors."
I never call anything a scam or a fraud, that is up to the authorities, but I will say that every move this company makes looks very similar to the moves made by companies that have had their management indicted and imprisoned. That is why I say the things touted in the past press release NEED to come true.
It's March 10th and VYST is trading at $0.0066.
All valid points gatorhistory. The share buyback announcement is a typical huckster move and extremely egregious. Shame on the micro-cap/nano-cap investor that falls for that one. The "reverse merger by a significant furniture retailer or other manufacturer into Vystar could yield a four to six times multiple over a buyout." is another one.
This reads Buy the stock now, before the merger, and make four to six times your money.[/I] Too funny.
Greg has used a number of the plays in the penny stock huckster playbook...which one do you think he will use next?
If indeed there is fraud, then they committed fraud with the last press release. Statute of limitations reset. Ongoing fraud moves the timeline.
The last press release was posted to entice investors to "buy the dividend" just like the similar press releases from the past.
This time Greg, and the board, will have a lot of explaining to do if nothing happens...again.
It is March 9th and VYST begins the day trading at $0.0062.
In discussing VYST, everyone seems to be focused on Greg Rotman; as de facto CEO of the company this is understandable. However, it is important to also consider the actions of the board of directors:
Joey Allegra
Ranjit Matthan
Dr. Byron Novosad
Bryan Stone
These individuals have a fiduciary responsibility to shareholders, yet they apparently approve everything that Greg does - in effect enabling him.
It's time we start acknowledging these individuals and start holding them accountable for their actions.
I agree it's not difficult to take it private - as long as the shareholders aren't left holding the bag, which they surely would be.
Greg and other insiders have been selling stock while telling shareholders that great things are coming. To take the core business private is going to cost them - one way or the other.
Of course they don't care about the shareholders, because in the past nobody did anything about it. Today, they need to care.
Yes, that is correct - only 59% of Rotmans' is public. The other 41% is owned by a brother. They may be considering taking it back private, but without paying VALUE to shareholders they will open up an even bigger can of worms.
They have put themselves in a very difficult position - create value or else. So, why not just create value?
I believe attention needs to be drawn to the difference between VALUE and PRICE here.
The stock, at today's PRICE is too high. With the company's underlying VALUE - it's too low.
There is tremendous VALUE in Rotmans (the furniture store). Unfortunately, management seems incapable of realizing that value, for the benefit of shareholders. Probably because they are too busy playing stock games for their own benefit.
As I write this post, the stock is PRICED at $0.0068, with a market cap of approximately $9M - for this company, structured as it is currently structured, operated as it is currently operated, that PRICE is probably too high - actually, VYST (the public company) has little, or no value to anyone but the Rotmans.
PRICED at $0.0068 it's too high - VALUED intrinsically it's too low. Unfortunately, under current management the company will never realize its intrinsic value.
Doing the things necessary to realize the company's unrealized intrinsic VALUE would have this stock VALUED, not Priced, at over 3x where it is PRICED now.
Unfortunately, in reviewing everything on, and about, this company, and running full analytic screens, it is evident that the only thing preventing the company from realizing its true (intrinsic) value is management.
Note that in our analytics, we completely discounted everything except the furniture operations.
It is hard to say if it is "done."
THC Therapeutics always "operated" for the benefit of Brandon Romanek. I use the term "operate" loosely because the company never did much in the way of operating. While it did have a product, bringing that product to market was never a focus for Brandon. His focus was to raise capital, through the company, to provide for his lifestyle.
I do believe Brandon will attempt to make a few more moves, none of them focused on benefiting shareholders, that will lead to his ultimate demise.
We are watching for those moves.
Rattlestock - Well put together, and I agree with everything you said. Listen, at this point what we are doing is giving Greg rope - we started doing that right after our letter to him, 12/7/2021, went unanswered.
Wednesdays press release was his first step in using that rope to hang himself...and the members of the board of directors.
It's the collective amounts of money that gets lost on companies like this that is the problem.
We aren't "waiting." it is a process. We were expecting the most recent press release, he had to do something, and it will be the proverbial "nail in the coffin" if there is no follow through.
I hope they actually do something great here, but, I'm not about to start holding my breath.
pepeoil, actually, we are doing something about it, but it is a process. We have reached out to management to try to get them to address shareholders concerns, and they did not respond. We have also notified the SEC that we believe there is something going on here.
We are watching every move they make and mark my words if something really big, and very positive for shareholders, doesn't come out of the last press release you will see things hit the fan.
I think you are SPOT ON I ll be back!
What I also think is that Greg needed the stock higher - needed some buying (possibly to sell into) - because it had been under 1¢ for too long. The QB requires a minimum bid of 1¢.
What he has done is "kicked the can down the road"...again. Put that carrot out there...again...looking for suckers.
Let's hope he actually does something. If he doesn't then we will stick the carrot in his ear and show him the stick.
Nevertheless, anyone that buys this stock is crazy. There are a lot of much better investments out there.
The shame of the matter is if we do what needs to be done here, it gets worse before it gets better.
Take a look at MFST and THCT - the last two companies we called out. MFST's CEO has been convicted (awaiting sentencing) and THCT's CEO is sure to follow. In the meantime both companies are Expert Market.
Management abuses shareholders and the shareholders pay.
Let's give Greg some time...but not much.