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good point, you re right, the market cap one seems feasible with a R/S.
Profit for 3 years is only one of the standards, there are other ways to uplist, however they do not meet any of the other standards either and they are far from any of them....
Strange...
Haha good job, we re good here, holding for big things coming!
LOL ROTFLMAO
Read the files again.
In the last 10Q they said that a RS between 1:5 and 1:50 might be done in the next 12 months but like many said on this board it would be for getting to the minimum pps for uplisting to the NASDAQ (4$).
Also according to conversations with Greg Rotman posted on this board a RD will not be considered as long as the pps is below 0.5$.
Nothing is confirmed officially but it makes sense when we know where VYST wants to go, and even though the reported discussions on this board have no value, so far they have been spot on, so I believe that if there is a RS, it will be very small and only to meet NASDAQ requirements.
OK thanks!
Hey nbhitter I see a few documents were filed on pacer this week. Anything interesting? And aren't EMA supposed to provide their version of the story today? thx
Very nice DD as usual!
So because the average furniture store has a 5% profit, Rotmans must be at these values??? I checked official statistics for furniture stores in Canada (I could not find official stats for the US, but they must be similar) and while average net profit is also around 5%, the top 25% have an average of 26%! And if you only look at the profitable companies (75% of the stores), then the net profit is around 9%. Rotmans have been in the business for more than 50 years, you cannot be that long in business without nice profits every year, so I m sure they are closer to 10%, especially with their significant revenues from the lucrative business of mattresses, and 19% as I read on this board is definitely possible, but we will have to wait for the Super 8k to know exactly.
https://www.ic.gc.ca/app/scr/app/cis/performance/442;jsessionid=0001Www0fEa9nlS5fbPeLOStF_D:-10H6HE
You also forget that VYST has an 18.6 million $ NOL (or 31 according go other sources, not sure which one is correct), that will make a huge difference in the future balance sheets and bring the pps up, you can throw away your comparisons.
VY$$$$$T
LOL very bad comparison, it s like comparing apples and oranges. The most promising part of VYST is Vytex and their potentially infinite applications on other products. Rotmans furniture will only bring assets and financial stability to VYST to allow Vytex to develop its full potential once on the NASDAQ.
Yep, another great news from these files !
Man do you know how to read???? Each of your messages you said you understood the opposite of what is written! It s not that difficult!!
Booooooom awesome!! And it confirms that all debts are paid !!
Where did you see that??? That s awesome!!
Then if there is a buyback obviously your % ownership will increase but we re not sure how many they will buyback, they only mentioned "up to 250 million".
From the buyback PR and various analyses on this board, OS is probably between 500 and 600 million. But we will have to wait for the 10K in a few days to get the exact numbers.
Of course they can. The big question now if when and how many shares will they buy back?
1) OS is between 500 and 600 million according to the buyback PR a couple of months ago and other analyses on this board.
2) your ownership is not to be compared to the float, but to the OS, so you own in the best case 12/500 = 2.4%.
LOL
OK but on the form 4 it says 10% owner...
Oh right for Stone, my bad. But still, does it mean OS is less than 400 million?
Interesting thing about this updated form 4 that I did not notice in the previous filing: it says that Keith Osborn is a 10% owner, and he owns now around 40 million shares. Does it mean the O/S is less than 400 million? That would be great and lower than recent estimates or 500+ million.
Also according to the form 4 from last week it says that Steve Rotman with 36 million shares is NOT a 10% owner, so that suggests O/S is between 360 and 400 million.
Even more interestingly, in the form 4 filed in February, Bryan Stone had 47 million shares and was NOT listed as a 10% owner, which is consistent with the estimates mentioned above. So it could mean that O/S was reduced between February and now, so in other terms, that buyback started....
But I may be completely wrong here, just tthinking out loud .
Agreed, the main player is Vytex (FEC will also bring huge revenues but later IMO) and Rotmans furniture brings the financial stability with their million $ in assets.
Also somebody raised a very food point, they plan to change the company name to VYTEX, it shows clearly that this is what the company is all about.
Actually they can file an extension until tomorrow, see my previous message about it.
Whenever they filed an extension last year for the 10Qs, it was for releasing it the following Monday. Since the deadline here is a Monday already, my guess is that they wont file an extension. Also they filed forms 4 the last couple of days so it suggests they are ready for other releases.
But we never know, extension could happen if for example they want to file 10K at the same time as the consolidation confirmation which should be close to be ready too.
You re wrong nbhitter, check rule 0-3 it s crystal clear. Here is what you can find on the SEC website, it is actually using our situation as an example, see below. VYST could even file an extension on Tuesday if they need to:
https://www.sec.gov/divisions/corpfin/guidance/exchangeactrules-interps.htm
"Rule 0-3 under the Exchange Act provides that when the due date of a report falls on a Saturday, Sunday or holiday, the report will be considered timely filed if it is filed on the first business day following the due date. If a report is due on a Saturday, Sunday or holiday, the issuer can timely file a Form 12b-25 on the second business day following the due date and timely file the report fifteen calendar days (annual report) or five calendar days (quarterly report) after the first business day following the due date. For example, where the due date for a Form 10-K is Sunday, March 31, the Form 10-K would be due on Monday, April 1 and the Form 12b-25 would be timely if filed on Tuesday, April 2. The Form 10-K would then be due for filing on Tuesday, April 16 (15 days after April 1, not 15 days after April 2). [September 30, 2008]"
What I am expecting from these fins are confirmation that all debts were paid, have the exact float and OS, and of course see the revenue from last quarter and hopefully some projections for 2019. If these 3 things are good, then we will see .15 again in no time. If not, we will have to wait for other catalysts (merger confirmation, OTCQB, buyback...). But I think next week we will see several of these catalysts so I m not concerned about the pps, it will go up!
10K should come on Monday at the latest. Since Rotmans took control in late 2017, last 10K was filed on time and for ALL 10Q they filed the extension at the deadline but the file was released the next Monday.
Once the 10K is out we will have the audited financials, so the last missing item to be admitted to OTCQB will be to ungag the TA.
So yes Friday is possible, or maybe Monday worst case scenario!
https://www.otcmarkets.com/corporate-services/get-started/otcqb
Can someone sticky this awesome post?
Awesome response, it explains a lot of things!
Thank you
OS updated today and is now 627 million. How much was it before? In filings it says that late 2018 it was 967 million, so was there a share buyback, or shares retired?
AS 1 billion, has not changed in a while.
I still dont understand how you count. 28+4+4=36. And in February it was only 1.4 million bought.
36 million shares, not 100 million. But still that s good to see!
I really dont understand your change since Monday when so many catalysts are around the corner and as soon as (fingers crossed) Friday with the 10K.... Is it just for getting cheaper shares?
And it s all bs because you were fighting those exact points the last few weeks.... So whatever you say now is not based on anything so should not be considered.
If you have doubts, sell and move to another ticker...
Did you actually ask Greg to create a twitter account, or is it just a wish?
Also when did you get that update that they will be on time for the 10K?
Pretty easy to answer, when someone tells you "I spoke to someone at OTCM, current in 24h" and actually there is still issues, that person lied to you... So I added that person to my blacklist.
KRFG will get current one day, but not as fast as some claim on this board.
The pps projections have not disappeared, they are still stickied...