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All documented and reported for transparency purposes........NOT!
1. Where are the customers for the product produce thus far? All I've seen is missives about giving product away. Name me just one bona fide customer who has purchased shrimp at commercially viable prices and has the intention to repeat purchase and I will retract. Otherwise, they have NO buyers else they would be crowing about it by now.
2. I do not accept your comment about the HR. What happened was, that the company stated they would produce documented evidence of a mortality rate of < 5 ~ 10% post the first harvest at the end of March. That documentary evidence may well have found its title as a Harvest Report here or elsewhere and was not given that nomenclature by the company, but documented evidence (under whatever name) WAS promised and HAS NOT been forthcoming. Call it what you will, they have provided zero evidence of a massively superior survival rate (@90%+ instead if the industry standard 50 ~ 60% as we were given to believe was standard amongst competitors).
Sorry bro so could I. But we've been here a while now on this journey and to me, it's not a sensible position to advocate that this company is a commercially viable business - without the numbers to prove it. I guess your post (coming from a smart guy like you) made me a little cross. Burden of proof is on them to show viability of the business not us. This they have not done to date and they appear to be running out of cash and therefore de factor, time.
"Those arguing that they haven’t been selling, can’t produce, aren’t commercially viable, have nothing to back that up."
Seriously! Are you freaking kidding!
1. Commercial viability: No customers even after 15 years!
2. Can't produce: They promised a Harvest Report boasting north of 90% survival rate an exceptional performance in this industry. Where is it? They have nothing to show for 15 years R&D.
Why don't you produce evidence to back up that they ARE commercially viable. This latest 8k notification of attendance at a finance event is proof were proof needed that they've thus far failed to find any backers.
No proof of concept = no commercially viable product = no customers = no financial backers. There is no reason to suppose that this company is anything other than in deep chit now. Why don't you show proof otherwise?
That may be the objective, but they have no takers, do they. Back track a couple of months to the two events they did in New Orleans and Boston. What exactly did these achieve given that Peter (and to some degree Bill) were bigging these up as hugely successful brand awareness and customer acquisition exercises. From what I can see, they managed to gain the square root of bugger all from this activity, but misled investors into believing that huge gains had been made. We're now seeing the results of these falsehoods reflected in the price, which since evidently, no traction has been made, theres no value added from the patent and that's what caused the price to spike to 90cents in the first place.
Buddy. I know you've been there and all that. But this company has supremely failed to deliver even a single order let alone a major key account buyer, with a sustainable ongoing revenue stream, even after all that crowing from Peter. The patent is imho easily by-passable which is why it too is relatively worthless as a long term revenue driver. If it were otherwise, they've had 5 months and zilch to show for it. I know you're a fan Ken but even you must have your doubts now about the scalability of this (what is essentially a) local cottage industry. I think they bs'd all the retail investors and are now struggling for their very survival. Competitors only need watch and wait to acquire the assets and the patent at a knock down price, when the inevitable collapse comes after the next 10Q shows no improvement to income, increased dilution to cover cash burn and nothing but fluff to try and appease long term bag holders. Looks like a dud bro. Glad I exited at a profit many weeks ago.
MM's got this all under control. They can play up and down within a range to their hearts content now, since no substantial news is being released by the company, this goes nowhere but steadily down now until the syndicate pumping it here, feel it's getting too close to their entry price of circa 0.003 Pre-January buys and dump out (probably about the 1 cent mark for a nice profit).
I see cut and paste of the same old drivel is out in force tonight.
Must have a shuffle function on the document which swaps around para's as and when required. Saves on the typing that way.
All hogwash and and mouth stretching to let those "big words come right out".
Credit Peter Gabriel - Big Time
The place where I come from is a small town
They think so small
They use small words
But not me
I'm smarter than that
I worked it out
I've been stretching my mouth
To let those big words come right out
Regarding Twitter today. The fact that he answers my initial questions (quite fairly and reasonably I thought) on what benefits accrued from the three fold dilution activity that the 10K finally revealed (350MM to 1bn OS) and yet won't be drawn on whether further dilution is to occur (having previously stated that periodic updates will be provided, updates presumably of the new OS as they max out their AS allowance), is all the proof I need that there is no intention to Buy Back shares at the current time and at current prices.
Far better to dilute using residue of the 1.5bn AS they have (that's an approximate 500MM more to go), then Buy Back or simply RS commoners to death. The notion that they might look to try and raise further finance (by whatever means) to fund a Buy Back at a higher pps than planned, when they can simply press down the price through dilution and buy lower, is frankly an insult to anyone's intelligence.
Someone posted that VYST doesn't give a hoot about the ordinary shareholders and I agree. There's no major news pending, they're nowhere near ready for the RM (again reading between the lines of what Greg is saying about only now having gotten their financial core competencies in place to enable such a feat) and all we will see from here is a steady downtrend pending news, which some think is imminent and I beg to differ.
It was posted here that this Merger/Buyout would likely happen by financial year end (April 30th). Believe all of this hype is merely food for the pigs and I very much doubt we'll see any RM this side of Q3 if not Q4. The timing is wrong and they simply aren't ready. It's still "pending" remember that word as that's the sworn statement.
What are you talking about. Try reading the Twitter feed. Since I was the one asking the questions, it's clear they will.
What was the missive from the company that they were going to commence any Buy Back. Where is it stated that they are going to Buy Back shares in VYST? Where is the logic in diluting the OS by 3 x's only to Buy Back.
Why not simply continue diluting? They've another 500MM to chuck into the OS count after all to generate cash. We will receive a periodic update after this has been done btw so no worries!
This will be one to watch. I see no evidence of this on the volume or the bid and you've had that price?
gap up today
CSTI - The chief MM Controlling this now. Was yesterday too.
MPID | MP Type | Name | Location | Telephone | NASDAQ Member | FINRA Member | NASDAQ BX Member | PSX Participant
CSTI | P | CANACCORD GENUITY INC. | Domestic Equities | 212 389-8550 | Y | Y | N | N
No friend, I don't want to bash this stock at all simply to buy lower. a) I'm not so duplicitous and b) never fight the trend and this is downtrending.
You're an honest guy I'm sure.
I wish you the best of luck, sincerely.
People here must think I don't want this to succeed, but nothing would give me more pleasure as I have got flesh in the game too, (practically and armful as Tony Hancock said in the "Blood Donor").
But there has been far too much hype from certain quarters and verbose postings are to me just a not so clever way of hiding something. I see them, I smell a rat. Very easy way of doing duedil on such posts and one which I will share on a pm basis only.
24. Vystar was and continues to be a viable and ongoing business. Where there is notable transactions involving the company, Vystar issues press releases. Recent transactions of acquisitions include Natures Home Solutions (NHS) and RXAIR, as well as two pending transactions, Fluid Energy Conversion (FEC) and Murida Inc., d/b/a Rotmans Furniture. Annexed hereto as Exhibit 10 is a true copy of the press releases issued from Vystar relating to these events, and the Court is respectfully referred to the Form 10-Q attached to Plaintiff’s filing under “Subsequent Events” that sets forth certain of these transactions.
Be very very careful, "Pending Transactions" can easily be cancelled without compromising legally binding statements under oath. The word Pending is most clever and most appropriate as their disclaimer, were it to be necessary in this regard, should said FEC and Murida Deals fall through for whatever reason.
You know what, for some reason I believe you.....but, you bought when this was way way lower along with your buddies back at January lows. It's of no consequence to you if this tanks to a Penny. You're still up on the deal even at that price.
that too.
You need to learn the difference between gratitude and gratification.
The former I can't see anyone offering the pumping syndicate here, if they bought at over 0.05. The later is what all of you lot are getting now as you sell into the liquidity you've created having bought back in mid January at the 0.00's.
CSTI in complete control on level 2. Thin bids to 0.04 and huge block in on the ask at 0.05. This ain't going nowhere except South, pump or no pump.
What happened to the RM being completed by Financial Year-end (today)? I would have thought someone would have concocted a fake text about this purporting to be from Greg by now?
Plenty of supposion on here about that.
Big tick.
No way this is going to $1pps without a mammoth RS. It simply is not, nor likely will be in the near future a $1bn valuation company. Value has to catch up with price else price will catch up with value. So what is the true value of this company with an OS of 1bn and an AS of 1.5bn (sure to be diluted further imo)?
they need to start adjusting the RS predictions if you ask me! Definitely far north of 50:1.
Ok let's see if you're right.
Today should be an epic day and the stock goes to dollars.
If not, quit your BS and stop pumping here.
Takes time?
3/10/15 I'll say it takes time.
"hypothetical predictions" what you mean as opposed to actual, real, proven predictions hahahahaha
You're more likely to get Hyped pathetic predictions here friend lmao
I know:
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=5754736
They're a private company, do no business and will not take Vytex forward in this market. Basically just a lab testing facility who could not commercially sell balloons to a children's party.
Vystar have paid no attention to this market or the region, relying instead on partnerships with dubious or crooked enterprises to do the spade work for them and then try and manage that relationship by remote control. It doesn't work as they are finding out.
What they have in Asia currently, will take them nowhere. Sumitomo et al will swat them like a fly if they ever put their head above the parapet.
Period.
A more likely scenario is a large manufacturer out here buys out the new company Vytex and takes it forward but to do that, they first need an uplisting and a huge RS will be necessary. Hence the likely scenario is dilute to hell, press the price right down and buy with both hands, RS the feck out of it, uplist and Acquire. Lie A or A another, probably has this far more plausible strategy in mind especially given the lack of succession planning of QUALITY management at Vystar a it stands.
I'm done posting here, about who's overly bullish the stock due to possible sub judice issues.
GLTA
Why didn't you just ask them then and post it here? What was the nature of the conversation if it wasn't to find out what the O/S and A/S are? And if they told you what they are and you are not prepared to post here, then why are you even here talking about it.
"Put up or shut up" I think is the appropriate expression.
Thanks for the SEC link, already in touch with the contact there though so no need.
Vietnam is Vietnam and not Malaysia. Have a look at your atlas, it's 2,500km away. Are you intimately acquainted with countries that far away from the US? Are you even intimately acquainted with what's going on in the US?
China is China and the Chinese whispers going on on this board are amazing. I have never said I am a kingpin in the rubber industry. I have never said I wanted Vystars business in Malaysia either, merely tried to acquaint them with the size of the opportunity. I have sought no pecuniary arrangement with them nor do I want one. I'd be happy to give them the intro and let them get on with it. If they want my help, then fine, but I've never stated I'm some kind of Guru on the subject, merely tried to add value to the discussion which has gotten way way out of hand now.
As a result of some of the atrocious trolling being posted here and aimed at me, I have decided to conduct some of my own due diligence on these cyber bullies, which will be released at an appropriate time later today.
In the meantime, I have no comment to add on anything to do with what you think you know about Vietnam, a country I have been to more times than I can remember, travelled the length and breadth of and 20 years ago, long before I had any hand in anything to with natural Rubber.
I'll keep the board posted on my findings though which are interesting to say the least.
Perhaps they meant 4/30/20!
That presupposes that the previous messages were genuine.
DEFINITION of Retired Securities. Securities that have been repurchased by the issuer out of the company's retained earnings and canceled, according to Securities & Exchange Commission (SEC) regulations. They have no market value and no longer represent a share of ownership in the issuing corporation.
Why would they. This is their share of the combined Rotman's/Vystar business into which they've apparently piled a $30MM repeatable revenue stream. Crunching shares to reduce the OS will achieve what for those insider shareholders?
Put it another way, if you own 20MM shares in this company (which you have purchased), will you surrender half of them for no compensation at all. Now they might Buy Back the retailers shares at a discount and crunch them yes, that makes sense. But to do that they need a nice drop in the price and huge volume Buy Back. Hmmm looks like that's coming.
Certainly won't if they post good news.
Anway, it's a moot point, they don't have earnings to buy back with yet.