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Well, the company can't report its financials and the SEC has been notified of problems with their historical reporting so that may be the issue.
Let's see what happens.
Prison. Medifirst CEO Arrested. Look at MFST. We are in the process of turning that company around after similar shareholder abuses.
We didn't give him a deadline because we never expected him to respond. The day I sent that email I talked to my contact cat thee SEC and sent him preliminary information.
Think about it, what can Greg say?
I guess he can say: Oh no, the investors on ihub are all wrong about me and the company. Things aren't as they appear. We're doing great things. It's all a big misunderstanding.
He knows what he has done, what he continues to do, and what it looks like.
His only move is to come up with something GREAT that the company is going to do, like: a share buy-back, like Disney balloons, like a spin-off. Oh, that's right, he's already done those things. Maybe he will make one of the typical huckster moves - announce they are going into cryptocurrencies or cannabis; one of hot industries.
He, or someone in his camp, is trolling this board. He knows what is being said.
His silence is due to cowardice.
He also thinks we will go away. He is sadly mistaken.
He has had a week to respond to me and/or make a statement to the shareholders. Today, we turn up the heat.
Great post toncatmad. It certainly looks like they have employed a solid array of the tools used by the very bad actors on the OTCMarkets.
I have received no answer to my email to Greg, and obviously, the company hasn't made any attempt to address shareholders' concerns.
I think it's obvious they are hiding.
We are trying to put them in a position where the spin-off has to happen - they have announced it twice - to save themselves.
I believe it may happen, but the "value" they are touting is ridiculous. They have "priced" it at $2 based on the last investment in RxAir.
We believe, there is a good possibility, they threw the $2 out there to have potential investors "imagine" they could invest 1¢ and walk away with $2.
Not likely.
If everything that is being said here is true, and we suspect it is, everyone, Greg, Steve and the board of directors, is going to need a good lawyer.
If we confirm that indeed there has been pumping-and-dumping and self enrichment here, I, for one, will not sleep until they pay.
It's not personal to me, it's business. We are going to make the OTCMarkets an investor friendly place and we can't do it with people that don't put shareholders first.
The free ride is over for guys like this.
Has there been a substantial increase in the share price from all of these great events? Is the company making any financial projections based on these same great events?
Morning toncatmad and others,
There is value in Rotmans; furniture is a solid industry. However, the first step in unlocking the value in Rotmans for the shareholders is stopping management from treating it like it is still a private company.
The second step is to restructure and recapitalize Vystar for organic and inorganic growth in the furniture business. The spin-offs were a good idea only in the fact that they would create a pure-play furniture company.
I think Greg understood the path to creating value, he just didn't have the skill to execute. There is a very strong possibility that Greg isn't the sinister character everyone on this board makes him out to be, but simply incredibly inept. That being said, either situation is very bad for a company and its shareholders.
Good morning VYST. I was watching the "conversation" yesterday about shorting, and the SEC investigation, and found it interesting.
Bad companies get shorted - companies with poor management, that are losing money.
VYST, as a short, is a no brainer - poor management (that is openly selling stock almost monthly) that is losing money; ongoing dilution (management issuing itself additional shares, almost monthly); and no identifiable catalyst that would take the stock higher.
I believe the only thing that could take VYST stock higher is if management put out a false press release (or two) and gullible investors believed them and actually bought the stock. Although, any increase in price would only be temporary as the truth became evident.
The only thing that takes VYST sustainably higher is management committing to do the things good management does and turn the company around and actually release the latent value in the company.
And, believe it or not, there is value.
The whole SEC short selling investigation is about funds colluding to systematically short stock in select companies. It has nothing to do with companies like VYST.
In my opinion, VYST is a short - but make sure you hedge for the false press release - the problem is the upside (stock price declining) is limited because the stock price is already so low.
Good morning TenKay. Thanks for the input.
We're reserving judgement until we have a lot more information but, every day it looks more and more like this is indeed an enrichment scheme. Especially when people continue to reach out to management for answers and get no response.
The distribution of shares, by management, is certainly an issue for the SEC.
Very shortly we will start reaching out to the board of directors for answers
What happened to Mr. BootAI's message? That message was so insightful and helpful. Where did it go?
Good morning dugie11 and VYST shareholders:
The SEC will make a move when you come to them with a file that makes their case.
Case in point: Medifirst Solutions (MFST) - The company CEO is currently awaiting sentencing, Securities Fraud, on a three year, plus, scheme.
Unfortunately, because he was arrested and was a one-man show, we had to take control of MFST. After forensic accounting, we found a situation that was much worse than we thought and we are having to repair all the damage. We don't want to control companies - we want to influence management to do what is necessary to create shareholder value.
Although what you guys are saying about VYST looks highly probable, I'm withholding judgement on VYST management at this time; I'm going with the absolute provable facts; they are destroying shareholder value.
This needs to stop first, then we can deal with the rest.
The indictment is what we are pushing for. The SEC and Attorneys' General in 4 states should make that happen. It appears that this ihub board is dead - no-one cares.
I get what your saying, but cutting one's nose off to spite one's face is never a good idea.
We have a plan here, and if shareholders do well, we don't care how well management does. They just need to do their jobs - knowing that we, the shareholders, are watching every move they make.
They no longer have passive shareholders that just complain on this board. They will have shareholders that are holding their feet to the fire. And you, if you are a shareholder are a part of that.
It is a shame. Take a look at Medifirst Solutions, Inc. (MFST). This was a pump and dump and embezzlement play at the expense of shareholders.
This is the first In the CrossHairs company- the CEO was indicted, pled guilty and is awaiting sentencing. He was also, as you say, shortsighted, greedy and manipulative.
The shareholders were left holding the bag and the company is an absolute mess. It can't be audited because we can't get into the bank accounts, but we are working to pull things together. I talk to shareholders every day that have interesting stories.
I'm not saying VYST is like MFST, because Rotmans is a real company, but there were certainly mistakes made by VYST management that the shareholders have paid for, and continue to pay for.
Can someone tell me who the resident expert is on this board?
toncatmad - the golden ticket story is too funny.
We are putting shareholders first - that being said, there is absolutely NO reason to buy stock in this company. YET.
Our focus with In The CrossHairs is to put a stop to managements' abuse of shareholders of OTCMarkets companies by holding them accountable for their actions.
The Free Ride for OTCMarkets Management is OVER.
Good morning rattlestock and other VYST shareholders.
The scenarios you bring up are both possible. There is probably an 80% chance this goes to court, one way or the other - 80% chance that we file a suit against the board of directors and management on behalf of the shareholders (company).
It doesn't have to go that way. We are trying to be constructive. We are trying to get company management (Greg) to be accountable to shareholders, to just do the things they said they. are going to do. And, we have offered to help.
As far as ignoring us/blowing over - they can't ignore a derivative lawsuit; if they ignore us we will file one.
As far as a bigger better new shiny carrot - THAT WOULD BE GREAT; it better be real and they better deliver.
The free ride for the management of OTCMarkets companies is over.
Exactly. He just has to be transparent, admit that things aren't good right now and commit to making the necessary changes. When he comes to terms with that, we can help him create more value that he could ever imagine. But it takes that first step.
No pie in the sky. It's - roll up your sleeves and build a company.
If the management of this company would do that, they would truly be an uncommon company on the OTCMarkets. That is the first step in moving up and off the OTCMarkets.
We shall see.