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link please!
Nice post.. well done!
stervc in IRL
What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restrictive securities, you almost always will receive a certificate stamped with a "restrictive" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. Certificates for control securities usually are not stamped with a legend.
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can meet the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Current Public Information. There must be adequate current information about the issuing company publicly available before the sale can be made. For reporting companies, this generally means that the companies have complied with the periodic reporting requirements of the Securities Exchange Act of 1934. For non-reporting companies, this means that certain company information, including information regarding the nature of its business, the identity of its officers and directors, and its financial statements, is publicly available.
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. If you are an affiliate, the sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
59, VYST get slammed for not doing PR, then when they do they get slamed for not have the filing done at the sametime.. if they had waited to do the PR at the same time the filing was done they would have been slammed for not informing us as well.. tough spot to be in.. look at it this way.. They are following the course they set.. dont the pepeople get in your head.. we are looking good..
Vytex=less filling, FEC=tastes great!
that statment is like this commercial....
Classic
FEC!
Sorry, but with the small amount shares traded and the price movement does not support your statement.
Glad I could help..
You are wrong.. Dr. Bryan Stone is on the board of directors of VYST. he is an insider.
https://www.sec.gov/Archives/edgar/data/1308027/000138713119002198/xslF345X03/stone-form4_030719.xml
here.
Vystar Acquires Fluid Energy Conversion Technology Assets, Expands Reach Into New Vertical Markets $VYSThttps://t.co/ob11h3n8HP
— Vystar Corporation (@VystarCompany) May 28, 2019
In the event of the death of the companys owner (Mr. Hughes) all property becomes part of an estate.. the only person that can make changes is the representative of said estate. If there is a will that will must be followed and if the website isnt discussed in the will it remains as is.. the site bill must be paid but the site itself cant be altered without it being awarded to the recipiant at closeing of the estate.
Oops. You know what you're right. But the third fourth and fifth links on the Google patent search do. You can look up the patent numbers on the US patent office web site and find they are in order..
Funny this is all I get looking it up in your name search...
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=0&f=S&l=50&TERM1=Hughes+Reactor&FIELD1=&co1=AND&TERM2=&FIELD2=&d=PTXT
Come on..
1)
https://patentimages.storage.googleapis.com/69/4c/d1/47943af13f4e2d/US6158676.pdf
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=6,158,676&OS=6,158,676&RS=6,158,676
2)
https://patentimages.storage.googleapis.com/da/79/40/ee202f52103c44/US6865957.pdf
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=11&f=G&l=50&co1=AND&d=PTXT&s1=%226,865,957+B1%22&OS=%226,865,957+B1%22&RS=%226,865,957+B1%22
3) https://patentimages.storage.googleapis.com/de/df/14/9d16b6214a82a4/US7897121.pdf
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=5&f=G&l=50&co1=AND&d=PTXT&s1=%22US+7,897,121+B1%22&OS=%22US+7,897,121+B1%22&RS=%22US+7,897,121+B1%22
Actually I have..
Now there are some big words in here for ya.. let me know if you want more..
You have to download the paper.. but we both know you wont..
https://www.tandfonline.com/doi/abs/10.1080/01932690208984209
Here is another..
https://asa.scitation.org/doi/abs/10.1121/1.1906362
I'll wait...
here you go..
http://www.dynaflow-inc.com/Publications/pdf_documents/2006/Kalumuck-Chahine-Oxid-JFE-Sep2000.pdf
now do your own DD and fit the puzzle on your own.. hint read how the reactor works..
Really?
Looks like we are getting some attention.. the Twitter following jumped..
Looking at FEC, this might be just the start...
these are the patents that FEC holds of Hughes..
https://patents.google.com/?inventor=Nathaniel+Hughes&assignee=Fluid+Energy+Conversion%2c+Inc.
"Under the terms of the agreement, Vystar will acquire 100% of assets of Fluid Energy Conversion Inc., primarily consisting of its patent on the Hughes Reactor."
https://www.globenewswire.com/news-release/2019/05/28/1853269/0/en/Vystar-Acquires-Fluid-Energy-Conversion-Technology-Assets-Expands-Reach-Into-New-Vertical-Markets.html
hey Tenkay, How long do they have to file the 8k on this acquisition?
Roughly 10.8 million American adults are currently using e-cigarettes..
https://www.reuters.com/article/us-health-ecigs-us-adults/almost-one-in-20-u-s-adults-now-use-e-cigarettes-idUSKCN1LC2DN
Vaping Propels Cannabis Concentrates Market To $3 Billion
https://www.forbes.com/sites/julieweed/2018/09/20/vaping-propels-cannabis-concentrates-market-to-3-billion/#5ff1fc9278a7
oh yeah I am BACK!!!
VYST!!
Good morning VyST! I have been going over the DD along with my notes.. something I had noticed was that the departure of the Board members... there are a couple of ways to look at it.
1) they where asked to step down for the late filing, they both were the audit committee.
2)there is a requirement that states that in majority board of directors on the audit committee have to be independent for the uplisting to the OTCQB.
I know Mitsy Mangum was issued stock along with a director of a wealth management fund. This would make her in direct conflict with rules of uplisting..
Paul R. Oristaglio CPA, I dont know how involved his relationship with VYST is. other than being on the Board of Directors..
IMHO I think it would be cleaner to find two new members without prior connection to VYST to satisfy the requirments for uplisting...
https://www.otcmarkets.com/corporate-services/get-started/otcqb
https://www.sec.gov/Archives/edgar/data/1308027/000138713119002863/vyst-8k_041919.htm
https://www.sec.gov/Archives/edgar/data/1308027/000138713119002228/xslF345X03/ownership.xml
News Drops as I was typing..... GO VYST!!!!!
Holy Crap!! strange.. We all have done a great job on the VYST DD. Green wave coming!!
So proud!
Good morning VYSt! I feel the float is far smaller that "yahoo" shows.. etrade dosent show a public float just the OS as far as I have seen.. marketwatch does show a public float.. 230.18 million. Who do I believe.... well yahoo took a month to change ACBFF to ACB after they up listed.. and even if dig a little deeper you will find that yahoo claim that 42% of the float is held by insiders..
with the price action with such small volume suggests a small float... IMHO
https://www.marketwatch.com/investing/Stock/vyst
https://finance.yahoo.com/quote/VYST/holders?p=VYST
So easy a caveman could do it..
one day closer before the launch of VYST!, posts with verifiable information with links to scrutinize these posts are the only ones that carry weight.. know what you own..
No news will drag on the price. weaker hands sell, but the majority of us are here for the coming events that is VYST.. No "fact" has been presented to show any different. Just cheerleading for the price to fall. Know what you own, stay the course and possibly change your life..
facts = verifiable information with links to be reviewed..
so easy a caveman could do it..
float is 230.18M.. according to https://www.marketwatch.com/investing/stock/vyst
that seems inline with 80% inside holdings.. hmmm..
If EMA wins this case we are all in trouble.. not just VYST stock holders.. This case if found in EMA's favor will set a precedent in the lending of money.. EMA started to collect intrest on the loan at the signing of loan contract not when the loan was funded. the loan was funded sometime(months) after the signing. This would change the legal landscape accross the country..
Everyone knows that is a bad precedent, except for mabye a Caveman..