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It seems like people have tunnel vision on the 10-K and are forgetting some things, such as RxAir was just put back into production and has just recently started being sold again, FEC is being tested at Davita clinics and Bayer, Vytex is being tested in medical gloves, balloons, tires, and probably several other things. I'll admit I was a little disappointed by the O/S, but assuming approx. 100 million of that comes off the books with EMA and the other lenders, up to 250 million gets bought back and approx. 600 million is owned by insiders who won't be selling anytime soon, that could leave as little as under 100 million shares available to the public.
Yes, if the story was ending with this 10-K, then I wouldn't be happy, but rather we are more at the beginning of the sequel of the Vystar story with new management, an upcoming consolidation, Vytex being sold to several different types of manufacturers of different products, RxAir and FEC just ramping up. I won't tell anyone what to do, but if someone is selling, I would love to know their reasons, because I don't know of any.
If you saw the text that Greg sent this morning to several investors, you know that they are trying to get it done. The auditor is holding them up.
I've never actually talked to him. I'm not much of a phone talker. I've just e-mailed and texted him a couple times.
Isn't it the job of investor relations to respond to investors? How is telling people that the late 10-k will be filed soon insider information? Obviously, it is past due.
He's responding to people who reach out. I texted him yesterday afternoon and received that this morning.
I received the exact same text, so I know it's legit.
I have a hard time believing that they would miss the cutoff after Greg made such a point to a shareholder about how important it was to file on time.
Forms are still being posted on Edgar as of now, so it is probably making its way through forms that were filed. My guess is VYST filed theirs right before 5:00 and just hasn't gotten through the system yet.
I don't get all these people on here saying "this doesn't hold up well" or "they have no revenues", blah blah blah. Do you all that are saying that not believe things can change? Have you not been paying attention to all of the things that are going on? Do you not realize that they just recently got a new CEO with decades of successful experience that is already making a ton of changes and improving the products and having the other products tested in several different areas? Have you not read about the RxAir units being improved and just put back on the market or Vytex being tested in medical gloves, tires, etc., FEC being tested at Davita, Bayer, etc., the company consolidating with a 35-40 million/year revenue furniture store.
But, yeah, I'm sure you're all right. This will go back to trips and never amount to anything, because the CEO's 50 years of experience has just turned to crap and the institutional investors don't have a clue, Davita lets crappy companies install equipment in their clinics, Bayer tests products from the trunks of people's cars, etc., etc.
If you are serious about helping people out, I have a couple suggestions that are close to my heart. I'm hoping to be able to help once VYST goes to multiple dollars, but can't right now. I normally wouldn't post this, but since you all brought up helping people, I thought it was worth mentioning.
Anyway, the first one is for the family of a guy who graduated from my high school a couple years after me and was a deputy sheriff killed in the line of duty a couple months ago. Here's a link with information.
https://www.facebook.com/ClermontCounty/photos/a.294959645805/10155750642740806/?type=3&theater
The second one is for a guy I graduated with who was in a motorcycle wreck and is now paralyzed and has a wife and 2 kids.
https://www.facebook.com/becky.h.elkins/posts/10155861388357167
No, he did not say it wasn't true. He said he hadn't said that. You have no idea what they will put on the filings.
Bassett's is only a furniture store. They are not using the FEC process in Davita dialysis clinics, selling RxAir filters to hospitals and other places, including people's homes through Wayfair and Amazon, or using Vytex in up to 40,000 different products, including mattresses and mattress toppers being sold on Wayfair, Amazon, etc.
Unless you've seen the 10-K, you don't know that. Stop acting like you know stuff you have no way of knowing.
First, it's closer to 38 million for Rotman's. And why do you continue to believe that they are not making any money from Vytex, which is being used in products being sold on Wayfair, Amazon, among others, RxAir, and FEC? You act like they are just riding the coattails of Rotman's and not bringing anything to the table on their own.
Yeah and not to be negative, but I hope Crown Bridge doesn't get ticked and pull their money out, since the confidentiality is kinda out the window. Not saying Vystar did anything wrong, but it could rub them the wrong way.
I'm confused. Now, admittedly, I didn't read every word of the document, but what I read still makes it sound like Vystar is defending themselves against EMA's claim. I thought that claim was already dismissed the last time they went to court and that what was going on now was Vystar's counter-claim that EMA took too many shares. Why is Vystar still listed as the defendant and still trying to prove they didn't do anything wrong?
So, you think Greg has been lying to investors? That would mean that they are committing fraud, which would mean a family that has had a successful business for 3 generations decided to consolidate with a public company and bring their family's company public and commit fraud along the way, which is risking massive fines and jail time. Why would they do that instead of just continuing with their successful family business and not bother going public? Please show us the logic in that decision making.
I don't get why people on Twitter act like they did something so great by flipping VYST for a couple hundred dollars. They must not have any idea how high this could go.
I figured you would know what I was talking about. I agree. I do think VYST has a lot more going for it in the short-term, that it will hopefully be able to maintain momentum.
I was in a stock last year that went from under 22 cents to $3.07 in about 3 months, with barely any revenues. Of course, stupidly, I didn't sell and rode it back down to like 35 cents. I don't think it is out of the realm of possibility for this to shoot up to $3 or $4 after the Rotman's consolidation and some other big announcements. It will probably go back down when people sell, but I can definitely see it going up.
For one, they have a fairly new CEO who is making changes and they recently acquired 2 companies that are bringing in revenue. Also, Greg has said that there are a lot of things in the works with Vytex. I believe you will see they are bringing in a lot more money than previous reports.
How exactly do you know Vystar is bleeding cash? Did they send you a pre-filed copy of their 10-K?
Don't forget to add what Vytex, FEC, and RxAir bring to the table. I don't think a reverse anything will be necessary as long as they are patient and don't rush it.
I believe it is genuine. That's how it looked when Greg replied to my e-mail. However, I do believe you may be right on the profit because Greg said "Gross profit generally runs from low of 46% - to high of 52%" and the supposed furniture company owner said he was basing the net profit on 30% gross, so obviously the net will be much higher with 46 to 50% gross.
A couple things to consider here: One, I'm not from there, but I've always heard things are very expensive in the New England area, so maybe they have a higher mark-up than other states. Two, the Rotman's have been in business a very long time and probably have very well established relationships, so they probably get good deals from the manufacturers.
I think nowadays with social media and people constantly posting, things don't get forgotten over the weekend like they used to.
Did anyone else catch this sentence from Greg's answer to the first question?
"I believe it still does given the value of the pending transactions."
Sounds to me that they have things on the front burner that they know are going to add value to the share price. Of course, we already know about a lot of things that will add value, but "transactions", sounds like they have some major sales going on.
Man, every time I read one of his e-mails, I get all excited and want to buy more shares, then I remember I don't have any more darn money. I'm hoping my tax refund gets deposited and I can transfer it to my stock account, before the merger is announced. I should have done our taxes a few weeks earlier.
And Rotman's does 38 million a year for one store. It's not going out of business anytime soon. Plenty of time for investors to make good money. Anyway, I'm invested for all of things Vytex can do, along with RxAir and FEC. Rotman's is just the cherry on top.
Sears is already public and closing their stores. Rotman's isn't closing. Sears, Toys R Us and a lot of stores lost to Amazon. Amazon hasn't taken over the furniture industry and furniture is something people like to see in person before buying. Yes, I know about Wayfair, but that's not for everyone...yet.
How could they be in business for 70-some years and not be profitable? You don't know why they want to go public. Their family made a decision to do that.
I know. And the fact that the people running the show seem to be good, honest people who have built a family business with an impeccable reputation for decades just adds to the credibility of the company. I would be literally stunned if the share price doesn't get to several dollars within a couple years, possibly much less, depending on when the people with millions of shares decide to sell.
Two things:
First, that is from 2010, so why has it taken so long for things to start?
Second, it says Confidential, Do Not Distribute, so how did it become public?
Those things are great and they may be the top money makers, but I'm not underestimating what Vytex can do. There are so many people with allergies nowadays and everyone is so hyped about things that are good for the environment, Vytex could end up being in a ton of products. It already sounds like they are in talks with big companies, like Disney for balloons, so, I don't think it will be long before it is bringing in a ton of money.
Maybe not, but first point goes to VYST.
I hope that is code for something because it sounds gross.
Are they sure they're both not talking about the same person? I doubt too many shareholders went.
Yes, because all of the progress and changes the company is making will have no effect on the share price. Maybe have a little patience and don't expect things to happen overnight.
I assume the whole conference. He said they have a booth. I would just look at the website link I posted for times. Send him an e-mail. He's pretty good about responding quickly.
I heard from Greg Rotman. He said his dad is at the ISPA show in Tampa with Mr. Minh. If people send an e-mail, he would like to meet investors.
https://www.sleepproducts.org/IndustryConference/
This is pure speculation on my part, but I wonder if it's possible when the judge reads all of the info. that VYST provided, if it would be possible for the judge to order that EMA return the stolen shares immediately, rather than making Vystar take them to another trial.
I also find it interesting that another company has been battling with EMA for about a year, but Vystar is going to court and will supposedly have a decision really quickly.