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Any update on the court filings? Will you share them?
Great job!!
They already have all the needed experience and structure.
They already make deliveries over most of the New England area. They ve been selling their products on Amazon and eBay for months. They have massive warehouses to allow them to stock their products before deliveries/shipments.
Mattresses and pillows have been a big part of their business for years, so I m sure they know a lot about that market.
For the RxAir purifiers, by seeing the 100-unit delivery this week, they seem to be pretty good at it too, so I m pretty comfortable seeing Vystar on those 2 markets, and I m sure they will be able to upscale and sell many other products related to Vytex.
I see what you are saying, and I wont argue with the fact that there are probably other companies out there with similar products. But from what I saw until now, Vystar has very good products at competitive prices that can easily take a few % in their HUGE respective markets, but they were missing the structure from big companies (like you are saying) to help them reducing costs. With Rotmans coming into the equation, all these issues will be resolved because they will bring the necessary financial strength, distribution network, marketing support, etc...
Not having something special does not mean they cannot make any money, your argument is pretty lame.
LoL. Who cares if their products are not special??? All we care about is to know that there is a market for them and that Vystar can sell them, which seems to be the case for both mattresses and RxAir units.
And they did not sell for a long time because it costs money to make money, and Vystar brought the necessary money/structure to manufacture and sell these products.
The rest of your post is just your opinion, not facts.
Thanks for your answer, yes Friday should tell us if the resolution of this issue will last longer or not
Hi NB, can you share the rest of the pacer documents? Anything new and/or interesting? Also they talk about the first and 3rd claims, can you remind us what are all the claims? Thanks!!
No I think it s actually about 100k$ (smaller unit), but still that is a good value!!
Yes you re right, it is for smaller units, I saw the tweet this morning. But I think they are worth 1,200$ each so that's still a nice 100k$+ revenue in just a week!
New awesome tweets!!!
About the RxAir shipments:
"Can't comment on the past quarter with the upcoming 10Q, I can tell you we are shipping this week 100 units for to one distributor."
=> that s 500k$ for this week only!!! More than all of last year s revenue!!
Im repsonse to why they diluted 600 millin shares, I love Greg's answer:
"Approximate round numbers acquired 2 businesses worth about $3 mill, paid off $4 mill short term debt, acquired 6 more patents for Vytex, 2 more for RXAIR, raised about $1.5 mill in cash, paid off long term debt of $1.2 mill, inventory stands at about $700K..."
"completed most of the audit & legal work for Rotmans, 4 10Q’s and 2 10K’s, prepaid future expenses of $400K. In addition, put in a real accounting system with procedures and controls, hired & prepaid a COO for the merger with Rotmans, obviously much more but gives you an idea."
Go VYST !!!!!!
Wrong. If insiders had cashed out it would have been in a form 4. Try again.
No, nobody ever said that. 4/30 is jut the end of the fiscal year for Rotmans.
It talks about the first and third claims. Can someone remind me what are all the claims?
Exactly, we cannot know everything otherwise we would be insiders. I m happy with what I know. We will know more in due time.
Who cares???
LOL. And?
So what? You re saying it is a bad investment because somebody already does similar products? What kind of argument is that???? All we shareholders want is a piece of the giant cake of latex products, if VYST take like 2% of these markets it s already 100s of millions of $!
LOL VYST is not an online mattress play, it is just one of their products...
Man you have to do better than that....
Very interesting, thanks for sharing!
Another myth (heard too many times on this board) busted with information from a reliable source.
Agreed, ridiculous is the word... And by seeing the length of the message, he spent a lot of time coming to this analysis... (sighs)...
I think you need to read again Sterling's message because apparently you did not understand any of it.... Maybe they pumped while diluting (I dont think so based on timgs of events but in any case I dont care), the bottom line is that it is nothing compared to what they do and will do in the future!
twitter is up! https://twitter.com/RotmanGreg
I just got a text message from Greg after I asked him about the twitter account, here it is:
"Will work on twitter soon but need a little time to finish the big ticket items"
Not sure what he means by big ticket items, I ll let you know when he answers again.
2,000 units for a net weight of 2,800 kgs, that s 1.4 kg per unit. So I would say about 2 or 3 pillows per unit, so 4,000 to 6,000 pillows. How much are they? Lets say 200$ and that s close to a million dollar revenue!
Nice post Doog!
Great find! Another evidence of the huge potential of Vytex !
Vytex will have higher revenues from several areas like the bed in a box that started in January. Also they mentioned they would move to licensing agreements for their Vytex technology so I expect revenues to increase on that too.
I know Q4 revenues were disappointing, I was disappointed too, but I still see a bright future for them.
If you dont think so, I m ok with it, just move on to another ticker.
You re talking about something that happened almost 4 months ago, and since then no more dilution and 3rd party toxic debt was paid off. We re good here.
LOL. The same BS again and again. We know there will be a RS at some point, and we dont care. A RS to uplist and meet pps minimums is not an issue, this stock is not a stinky pinky that RS and dilutes over and over. Only newbies will fall for this.
LOL. Agreed, I should have said 3rd party to be correct. Nevertheless, this means the other debts are to insiders, so they re not a problem. My statement remains, this discussion about convertible debts is a non-issue. Next!
So we have the choice between believing your analysis and a pacer document (sent to the COURT) saying all convertible debt was paid. Do you really believe they would lie to the court???
So I m gonna go with the pacer documents. You can argue as much as you want, bend numbers as much as you like, your analysis is worth nothing compared to court files.
They havent issued convertible debt since early February, what are you talking about?
They have no more toxic debt as explained in the pacer files, that is why 2 investors stepped in and invested 200k$ at pps 0.15.
Right maybe I am too optimistic but another delay will make them look really bad to current and future investors, and by future investors I mean big shots with deep pockets who probably keep an eye on it, waiting for the management to deliver on their huge promises.
I m confident, 10Q is only 3 months, and there was no auditor change in the middle like the 10K for 2018.
Thanks for your input. So I guess the next big catalyst will probably be the 10Q on May 15th. And after all the 10K fiasco I m 99.9% sure this one will be on time, old Stevie does not want another embarrassing delay.
Ok thanks. So May 10th is the date everything will be set?
Do you think Rotmans audited fins will be ready immediatley after year end?
OK thanks. And now what is the next step? When is Vystar supposed to answer?
Thanks nb, can you post the documents? I think you have access to pacer and posted the previous files a couple of weeks ago, didnt you? Thanks.
Exactly, most of the time board directors are not fired, they are asked for resignation, it has benefits for both of them (no severance to pay or risk of lawsuit for the company, and no damage to the reputation for the director).
Also the fact that it happens right at the time of 10K release is another clue, especially for 2 people who were part of the audit commitee.
If they actually wanted to resign because of the financial situation of the company, or something they learnt about the future of the company, they would have done it earlier because they have had access to all the files for months now.