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What s on April 20th (except the fact that is makes "420")?
Yes that s more like it!
Another theory I heard for those stupid mistakes is for allowing insiders to make profit: they buy when the letter is filed (so pps goes up), sell a couple of days later before the letter is rejected because they know it will happen (then pps goes down), and buy again once the new letter is filed (pps goes back up). They did that twice already, and I think it s over now, another time and people will understand their trick.
Here is what you can see on the Delaware website. I do not have access to the filings:
https://imgur.com/a/Uz2Wfjy
I just checked the Delaware filings, they submitted a filing on March 15th, and it says total AS is 10,030,000,004, so divided by 2 compared to what we see on OTCMarkets. Not sure if they submitted another file today and if it will appear later.
$FTEG update: Our share reduction has been filed with the state of Delaware. Thank you for your continued support.
Nothing suprising here. Myself I sent 3 emails before getting an answer from him. The guy must receive hundreds of phone calls and emails per day, he cannot answer them all. Try a couple more times.
By the way, I emailed Greg Rotman in order to know if the remaining 50,000 debt was already paid and if we should expect a PR on that, he just answered me, not learning much but still a positive thing to know:
"Hi,
Unfortunately this would be insider information. You will have to wait for us to release the information. What I can tell you is that no toxic lender is in conversion now or in the foreseeable future.
Please let us know if you need any more information.
Thanks
Greg"
I asked him other questions about the share structure, I ll let you know if he answers.
Thanks a lot Doog!
Hi Doog, what is the O/S at the moment?
Looks like the gap to 0.056 needs to fill before we move back up. If not, all day we will have people saying the gap gas to fill. Let s get that out of the way so that we can move up
Why 50 million? I thought it was 35 million
2pm eastern time
Agreed. Dilution is OK if the money is used to bring value to the stock, so let's see what they will do with it.
PPS remained around 5s or 6s the whole week despite the huge dilution, so if dilution is done this ticker will fly.
I like your theory, hoping for a nice PR tomorrow. They made around 400,000$ with this dilution, I hope they will use it well, like for paying the CBD facility!
And of course inform this board as soon as a decision is taken, I m sure many people will be waiting for it!
No there is still a session on Friday at 2pm. The extension to April is for the countersuit.
I know it s not a big deal, I m just saying that a PR confirming they are now officially debt free would be nice and bring some positive after the bad last few days. I rhink long term we are golden but keep up the momentum is good too.
Whst about the remaining 50,000$ convertible debt? Was it paid? I guess they use the 200,000$ received last week but I have not seen any confirmation, have you asked Greg about it?
Nice!
Great work Doog!
I dont understand: they maintain the session on Friday, but Vystar requests a 30-day extension, but for what? I thought everything would be finished by Friday.
This deal was cancelled, now they are partners with Fastcorp
Personally I am waiting for the 8K confirming the acquisition/merger of Rtomans into VYST, and it could come out anytime. Buy back filings are rather the cherry on the cake
Where did you find it?
Yes but still, which lender would take discounted shares if the company was insolvent and thus shares heading to 0? Again, they took them because yes they are discounted but also because they know that their value will most probably increase and definitely not decrease.
For me the fact that so many insiders, lenders and investors want shares is a clear sign that this ticker is heading north.
Thanks a lot doog, very interesting. Actually while reading it I dont understand how EMA could have started a lawsuit in the first place, there s so much evidence of what they did wrong. They really thought it was a cheap OTC company they could scare, but damn what a bunch of amateurs!
LOL “We anticipate moving with caution in exploring what may be possible potential acquisition opportunities that may exist in the pharmaceutical business sector"
anticipate / caution / exploring / possible / potential / opportunities / may exist = there s nothing in this PR, they wont do anything, they just showed that they are a tiny company scamming many people !
Great post! Very good things happening here!
It looks pretty easy to pay now with the 200k they just received.
I m sure next PR (tomorrow?) will be announcing that they paid the remaining convertible debt and are debt free, paving the way for the huge Rotmans acquisition.
By the way, anyone knows who they are supposed to pay these 50k$ to?
Dont get too excited, 100 million people is for the WHOLE vending machines market - drinks, snacks, ice creams etc- in the US (google it to verify). FTEG will probably have a few dozens, but that s already enough to see a pps increase.
this was a month ago....
I think 6,000 is more of a long-term goal, and that for this year they managed to secure 2,000, which is huge already!
What message are tou talking about? When you say something like this, send a link
What are you talking about??? It s still pink limited
The numbers you gave are different from the forms 4. On Jan 31st you said 53 million shares bought, where did you see that? The only purchase at that time was the 1.7 million by Stone.
Wait, where did you get these numbers? How come the latest form 4 with purchases by Bryan Stone does not appear? I found other websites with different numbers so I m confused...
Explain me how there could have been dilution in the last few days if the SS has not changed???