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WINNER WINNER CHICKEN DINNER!
Yeah, they "Cleaned up the balance sheet" with more debt. Debt to payoff debt. The co is worse off now than it was before.
Again, what do we know of anything about NHS? They they "say" it was a successful company? Where are the numbers, sales, profits??
BTW... How successful was NHS? Have you seen any revenue statements from the company? What were their annual Mattress sales?
Public and Private are 2 totally different animals. Again, would you want a surgeon in training or one with experience cutting you open??
Why??
Kind of odd that the one with the past experience as a public CEO is just an "consultant" and 80 year old daddy with ZERO experience is CEO of a public company. That is, unless you understand, why?
As previously posted here by many others and, which you can find in the past Q's & K's, Greg Rotman has been "Consulting" for the company since 2013. There is a reason he stays as an "Consultant" and not a formal member of Vystar even when daddy took over as CEO. If you can't figure what the reasoning is on that then there is no helping you.
The Rotmans don't pay anybody, they just take for their own benefit from the shareholders. Smoke & Mirrors are their speciality.
You realize this make no sense at all, tight? A Public Company CAN NOT raise its Total Authorized just for "legal" purposes with out a Shareholder Vote. #naive
Where ever he is, he is living like a fake millionaire that he is on all your $$$ and you didn't even get a "Thank you"
Nope, Shareholder vote needed to increase it to 1.5B. Didn't happen. Did you vote for it?? No 8K filed on the increase either which should have happened. Something is stinking in the soup!
I guarantee you that at 975M OS 50%+ was NOT owned by insiders.
On the increase to 1.5BILLION Shares, which requires a shareholder vote, I ask did anyone receive a Shareholder Vote Ballot and vote in favor for this? I never received a ballot to vote on this.
While the company has almost no revenues, and no cash, did this mystery person that is not the CEO confirm to you how they were going to buy back 250M shares and on what kind of time frame??
what has been confirmed and by whom?
ICE, what lawsuit? I am long time holder. Is this current or past? I have not heard anything about a lawsuit.
ICE- Current management will not get their act together. They have never demonstrated in the past that they can. Some DD on that will show that. One year of running the company, what has been accomplished?? Massive dilution. Toxic financing. "Consultants" taking the company toxic cash as salary. Anemic sales, and that is being nice. No furniture company deals. RX Air? LOL dead company as far as I can see. Try calling them. No sales. No news. VYST, where are the condoms and gloves everyone is talking about? I can't find them online. Can you? I would love to see them if they are out there and could use Vytex gloves at my work. Maybe we should start asking the BOD for answers?
Anyone else notice the average daily trading range went from 6-12M to 30M+? I wonder how many more shares we all have been diluted by over the last month to fill the "consultant" pockets with greenbacks?
For Sale or Selling? VERY BIG DIFFERENCE!
Company is being run by incompetent management. ie:Daddy allowing his son to take all the cash from the company that was raised by toxic financing. Just read the Q's & do some DD on who is running the company. The "consultant" has never had a "win".
That would be a 400% increase in sales. Not bad! LOL
Bwahahahahaha.... You must have inside info!
LOL... Please define "not that many"?
LOL... yeah... "We are selling shares out the back door... look over there"
Where did all the money go???? Where are these coveted sales from the furniture industry that have been touted here on this board? They are selling on Amazon??!! What is the benefit to all the shareholders from this amount of dilution??
Peak One Opportunity Fund, L.P.
$435,000 of original issue discount notes in three tranches as follows:
• July 17, 2018 principal $85,000 with an imputed interest rate of 6%, discounted by 10% and $5,000 for legal fees for a net of $71,500 due three years from the funding date. The Company has the option of receiving two additional amounts ninety days apart;
• September 14, 2018 $150,000 principal $135,000 net
• November 13, 2018 a final $200,000 principal $180,000 net.
Conversion Rate:
• A price equal to 65% of the lowest traded price for the twenty trading days immediately preceding the date of the date of conversion.
Crown Bridge Partners, LLC
$100,000 of original issue discount notes in two tranches as follows:
• August 6, 2018 principal $50,000 bearing interest at 8%, discounted by 10% and $2,000 for legal fees for a net of $43,000 due one year from the funding date;
• The remaining tranche may be funded at the holder's discretion.
Conversion Rate:
• A price equal to 65% of the average of the two lowest traded prices for the twenty-five trading days immediately preceding the date of the date of conversion.
Jan 29, EMA, $80,000 @ 12%
• Maturity: Jan 29, 2019
• Net Cash Proceeds: $72,300
• Amount Converted: $24,640
Feb 13, 2018, FirstFire Global, $76,500 @ 5%
• Maturity: Nov 13, 2018
• Net Cash Proceeds: $72,500
• Amount Converted: $62,375
Feb 14, 2018 Auctus @ 12%
• Maturity: Nov 14, 2018
• Net Cash Proceeds: $72,500
• Amount Converted: $58,850
May 23, 2018 – Power Up, $83,000 @ 12%
• Maturity: May 23, 2019
• Net Cash Proceeds: $80,000
• Amount Converted: $0.00
June 25, 2018 – Power Up, $68,000 % 12%
• Maturity: June 25, 2019
• Net Cash Proceeds: $$65,000
• Amount Converted: $0.00
At this point we hope the company stays alive and maybe, just maybe, the current management will figure out how to create some real revenue to report. But, not holding my breath looking at their past performance and inability to put out news.
I never said that there was 975M outstanding. I stated as the Q reads that by special vote, they approved to raise the Authorized to 975M form the 500M Authorized now. Not what is currently issued and outstanding. Read, comprehend. Or lose your $.
Read the Subsequent events in the last Q. Not lies. It is all right there. Vote to increase to 975M shares and approval for a 5:1 - 50:1 Reverse. Also a name change to the company and approval for 58% of the CEO's other business a furniture store. It is all there, just read.
It's **only** about a BILLION shares outstanding... what could go wrong??
This is why:
1. To approve the Resolutions to amend the Corporation’s Articles of Incorporation to increase the authorized shares of common stock to 975,000,000
Directly from the Q:
Blue Oar Consulting, Inc.
This entity is owned by Gregory Rotman, who is the son of the Company's CEO, Steven Rotman. Blue Oar provides business consulting services to the Company. In exchange for such services, the Company has entered into a consulting agreement with the related party entity (see Note 8). In addition to stock-based compensation beginning April 2018, Blue Oar received $15,000 monthly in cash compensation for consulting services.
Designcenters.com
This entity is owned by Jamie Rotman, who is the daughter of the Company's CEO, Steven Rotman. Designcenters provides bookkeeping and management services to the Company. In exchange for such services, the Company has entered into a consulting agreement with the related party entity. Compensation of approximately $21,000 was paid in cash during the three months ended September 30, 2018
Common denominator = Rotman