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Including the price decline. I bet I know who's cutting and running now!
This is a well made case. Much supposition, but well made all the same.
It's not looking good if common sense and logic were to prevail.
Thanks for adding an extra dimension. which ostensibly supports the case for caution in the extreme..
You seem to be polite so I will help satisfy your request for reasons and answer in kind:
"Vytex being sold to several different types of manufacturers of different products": Where is the proof of this? Unless you can provide a list of key accounts (they would be in the public domain btw) then this is pure conjecture.
"RxAir and FEC just ramping up": Demonstrable by the product sales numbers given where?
The key phrases you use in your post are:
1) "Just put back into production" ....that's no guarantee of sales, just a guarantee of costs.
3) "Recently started being sold again".....where? Give the POS information, names key accounts, numbers?
2) "Vytex is being tested"..... indeed, therefore yet to achieve proof of concept with key manufacturers in critical markets.
The O/S information is all supposition, I'm afraid. Sorry but it is. You cannot know this and anyone could put forward a converse thesis of more dilution, EMA ruling against Vystar, increased RS ratio down the line, the usual way that pinkies operate.
Do you mean the reverse merger where Rotmans is absorbed into a publicly traded shell company? Yes of course it is, but where does this feature in the latest 10K? If it were imminent (as many here purport it to be), then it would be mentioned as part of the going concern value of the business. If I missed it, then my apologies to the board, but I don't recall any such mention.
According to the court documents point 24 mentions the going concern aspects of the business with recent "notable transactions"
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.
Where in the 10K does it update the status of the Murida Inc RM? This is after all, the ONLY reason to be invested in this stock and all future uplisting and pps uplift are contingent upon the successful absorption of this business under the soon to be newly named Vytex banner.
From your message I have redacted the irrelevancies and conclude the below to be pertinent.
Can you tell me how any of these points are indicative that this company is about to "explode" as you put it? Perhaps you know of a terrorist threat against them or something of that nature is it?
=======================================================================
4. Vystar is the exclusive creator of Vytex Natural Rubber Latex (NRL), a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex and can be used in over 40,000 products, and the owner of RxAir™ UV light air purification products. Vytex NRL is a 100% renewable resource, environmentally safe, "green"and fully biodegradable. Vystar is working with manufacturers across a broad range of consumer and medical products bringing Vytex NRL to market in adhesives, gloves, balloons, condoms, other medical devices and natural rubber latex foam mattresses, toppers, and pillows.
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.
25. In addition to being the chief executive officer of Vystar, I am also the chief executive officer of Murida, Inc. (“Murida”). Murida is a company generating at least thirty million dollars a year in revenues.
26. Additionally, Vystar refers the Court to the Form 10Q attached to Ms. Preston’s supporting declaration, Exhibit D. Specifically, Note 12 the Court will find that the Company increased the authorized shares of common stock to 975,000,000, providing more than ample stock to pay any corresponding obligation payable in shares. (bearing the designation of page 25 of 39 by the Court filing system)
27. From an ongoing business viability, the Court will see, specifically point 8 of the same Note 12 on the Form 10Q, that Vystar is in the process of acquiring between 58% and 100% of the assets of Murida Furniture Company, Inc. Point 9 further identifies Vystar is in the process of acquiring the assets of Fluid Conversion for $100,000.
28. Plaintiff’s arguments that Vystar is insolvent and cannot pay its debt is also false. Vystar has recently paid off all of its debt as to third party corporate convertible notes (non-insider), specifically paying off two loans from Peak One and Powerup Lending Group, Ltd. Annexed hereto as Exhibit 11 are press releases issued by Vystar regarding each transaction and annexed hereto as Exhibit 12 are true copies of Vystar’s transactional documents and bank records demonstrating the payment for each of the two loans.
29. Additionally, two companies have recently invested $200,000 each in Vystar. Annexed hereto as Exhibit 12 is a true copies of the Memorandum of Understanding of the transaction, the Vystar corporate issuance resolution and bank record of Vystar demonstrating the $197,500 wire received from FirstFire Global. A similar investment in the amount of $97,500 was consummated with Crown Bridge Partners. Annexed hereto as Exhibit 12 is a true copy of a bank statement from Vystar demonstrating the deposit of investment funds into Vystar’s bank account from FirstFire Global and Crown Bridge Partner.
Board posters bigging up this stock have consistently maintained no RS was necessary at all because of a (yet to be seen) Buy Back, when it was obvious that one would be needed.
A rudimentary look at the EPS and P/E Ratios (that I did previously ....probably been deleted now) based on an OS count of only 300MM (approx as was before yesterday's truth telling 10K), made this stock look ridiculously overvalued if it went to $1 pps or $300MM MC. So at 1bn OS and a $4 min to get to Nasdaq, we are looking at needing a 50:1 RS as a min imho (I'd say more).
In any event, silly dreams of holding millions of shares whilst the price goes to $1 without any reverse split are just that, silly. Even the multi-posting cut and paste same old bullish messages, cannot deny that now. Those repetitive, unsupported by any logic messages that simply big up the stock have been revealed as tenuous to say the least.
Revenues increased by 2,000%, which is a nice number, but not if those revenues were so low to begin with (as indeed they were). Also note, these were achieved through an acquisition, not generic growth in product sales. Costs increase 5 fold and by a whopping $4M (attributed to operating expenses?), to generate a pitiful level of sales, which was as stated basically grafting on an acquisition).
Possibly one of the worst sets of accounts I've seen in quite a while and if you punch those numbers into an Altman-Z calculator, you'd have a BK business here and no mistake. Only the addition of Rotmans' 'one store' furniture business with its' alleged run rate of $30MM annually at 19% NM is saving anything here (ahem that's just short of $6M profit annually supporting the growth of this brand if indeed that's an NP not a GP).
You don't need to be a master of business strategy to see that something really does not add up here at all.
Still all's ok ...... for those who bought at the 0.00's yes!!
Note 6. Read my history. Warned if this weeks ago ("no need rs because of share buy back....my ass). Of course they wilrs and it will be at the max.
Can someone point me to where on the accounts OS is given?
Agree. These are fake texts. There are too many holes and there's no way senior executives and accountable board members behave in such an amateurish manner (that is unless they manage space rockets and electric cars and deem themselves untouchable).
Complete fabrications.
Likes his sleep does this guy.
Simple question but why would a company based in Atlanta, Georgia be using an Auditor based on the West Coast of the US. With Auditors, you need them on your doorstep, especially if you are a tiny company like this?
Correct. He's nothing sensible to say. Just gives those that have hell.
If they do not release the 10K by Monday, the stock will start to nosedive and if still not by the end of the week, it will halve in value at least (imho). The 10K is a deal stopper as far as confidence in this company is concerned. Its required merely to arrest the downtrend. Other news will be the catalyst for further growth.
My concern is that Greg is going to come out on Monday with some bs about the auditors having been on holiday and then needing the rest of next week to catch up. That'll be like firing a starting pistol to run like the clappers away from this company. The RM is not a done deal, remember that and if that doesn't happen, or there is any hint that it might not, stock price will collapse back to .00's again. This truly is a sad case now, I'm personally shocked by the ineptitude of a company releasing personal tweets to individual shareholders who could be holding 10 bucks or 100k bucks worth. That's why I assumed they must be fake made up tweets and emails, but to discover they're not, well it says more about the small town mentality of the c-suite than any 10k ever could.
Here's a thought. If Vytex tech is so good and Vystar such a great company, why aren't the big rubber manufacturers queuing up to buy it?
You were doing alright until the last paragraph. Then you made yourself look like an amateur.
Agree, hence my post 73302 earlier today. It may be semantics, but could and will are 2 very different states of affairs.
It's not my argument. It is merely putting forward an alternative thesis, one which appears (on the face of the numbers we currently have) to be plausible.
Look nvm, wasting my time and I hate doing that. Just thought whilst the market was quiet, some sensible alternatives to the current panic hype could be mooted with intelligent and sensible people. You want to bash me for it, knock yourselves out.
I've no desire to affect the pps, got my shares, have enough for my position sizing requirements so I don't need more.
We will see what happens next week.
Enjoy your holidays.
None of it is very accurate friend, agreed, but they already said $30M was the run rate for Rotmans and that's from the company themselves. Vystar remember has pitiful sales.
Anyway, you're right, it's all assumptive, but they'd have to have a stunningly good next few Q's to reach anything like the Revenue and Profit projections that bring it into line with industry norms, possibly more than ten fold.
Likely, from one outlet?
Erm no but hang on. There are people here who claim that this stock will uplist to NASDAQ and to do that, any parabolic price increases HAVE to be sustainable. Min compliance post uplist is $1/share and I understand price needs to be $4 to even get the initial listing. How on earth could a P&D stock ever hope to reach such dizzy heights and remain there. What usually happens under such circumstances is the stock gets diluted to hell, they RS at a ratio that would put the pps well above compliance levels, in order to allow for the inevitable pull back on uplist short selling activity. So say they need to reach $4, they'll RS to at least 50% above that and open at $6 allowing for the 30% drop and still remain compliant.
Incidentally, 0.07 to $1 is a roughly 1,400% increase and to $4 would be an approx 5,700%.
Common sense tells anyone this is a ridiculous notion. Which share ever did that before especially, when the world and his dog already had a heads up and the float is so huge?
Isn't it the more likely scenario we will see mass dilution of the OS to give the company the lion's share of the OS, followed by a RS to get it to parity on uplisting compliance prices, i.e. a typical OTC shares jiggery pokery play.
If I am so far out of kilter here and being a buzz kill, someone (preferably one of the people doing all the buzzing), tell me what I am missing because this stock simply does not go from 7 cents to $4 or even $1 on fluf alone and then if so, there's no uplisting as price will jump off the cliff again soon after.
I've read the due dil and I'd love to know where this aspect of the pps exponential growth is covered with reasoned plausible arguments and more importantly, factual information.
and therefore by their very nature, are unsustainable, so better be on the left side of the Eiffel Tower when you sell and not the right!
I'm not bashing just trying to pressure test the theory here.
But the EPS on a business with a market cap of $300M and $30M in revenues (if we assume 50% profit which is a big if), is only 5 cents per share. Industry norms are $1.3-1.5 aren't they.
Same sort of skewed results would affect the P/E ratio and so the only way it seems that this could have commercially viable P/E and PPS would be if the ratio of common shares to earnings (300M/15M same thing if price is $1) were a lot lower than 20:1, hence my reasoning that one of the metrics has to change. They cannot boost profits so quickly so it has to be the number of shares surely, hence a RS must be on the cards going forward.
Eventually the old adage that if earnings cannot catch up with price, then price must catch up with earnings, has to apply and the OS count must come down.
What do the experts think?
Not current
Next question for the experts who have done their comprehensive DD. Where would you position Rotmans (inc. the soon to be merged Vytsar), alongside the list of competitors here:
http://investsnips.com/list-of-publicly-traded-home-furnishing-retailers/
By this I mean, who is their direct, peer-to-peer competitor on this list.
I guess the astute among you can see where I am going with this, but I'd like to know if the hyperbole that VYST share price can go up by 1500% from 0.07 to $1 (subject to uplistings etc), without a RS, is justified.
I'd like to compare the Market Cap, OS and Current pps of direct peer-to-peer competitors, with Rotmans-Vystar and see if there is just cause to project such parabolic uplift in the share price, in the near term.
This would be a unique company indeed if they can achieve that without some form of consolidation of the OS count to achieve that because, just suppose the OS is as given o OTC at the moment:
Share Structure
Market Cap
22,482,546
04/18/2019
Outstanding Shares
312,257,582
11/16/2018
A pps of $1 would mean the market cap of the company would be >$300M which puts it on a par with:
ETH: https://finviz.com/quote.ashx?t=ETH&ty=c&ta=1&p=d PPS:$20,OS:26.5M
HVT: https://finviz.com/quote.ashx?t=HVT&ty=c&ta=1&p=d PPS:$24,OS:20.3M
Who's Market Cap though similar, has a much higher pps and lower OS indicative of industry norms.
Are there others that are a better comparison (you guys know best, you live in the US)?
Another consideration is this. Is Rotmans in any way comparable with these companies (or any at the link above), in terms of scale, or are they not simply a regionally focused small scale Furniture store?
Rhetorical questions to ponder on but a RS looks the more likely route to uplisting imho.
Does anyone have accurate details of the current O/S and A/S of Vystar?
"The talks between Vystar and Rotmans are still in negotiations and could be finalized soon"
could not will
Volume pitiful. No one selling today, looks like they all wised up.
Local news. If it mattered, they wouldn't disclose until implemented is my guess.
No, I notified them about a business opportunity. There's a difference and frankly speaking, putting them round the table with the right people is as much about my credibility as the company's and therefore, their reaction to an initial introduction tells me whether it's worth picking up the phone or not.
From what I'm seeing so far, I'm certainly not about to tarnish my reputation with valued contacts by introducing a company who act in the less than professional manner demonstrated of late.
They have latex rubber gloves and condoms on their website. Topglove and Carex are two of the biggest industry players globally. I have never seen hide nor hair of Vytex anywhere near them.
Have you ever smelt natural rubber cup lump raw and untreated? Smells a bit like this stock does now (suggest you Google if you don't know).
Oh dear. What ineptitude. The left hand doesn't know what the right hand's doing!
"huge gains start with people who took the risk when no one elses believed/knew this company nor wanted to be a part of it. "
Which is great for those who were accumulating between the 8th and 15th of Jan or even to the end of Jan 2019. Bumper volume, huge accumulation, prices <= 3 cents and in the former case < 0.05 cents. In that I agree. But anyone who bought high, is naturally concerned and right to be. This heads back to the 200dma, it more than halves in price.
Maybe the cat ate it, fell outa the window, died and will bounce a bit so we can all gtfo before the realities sink in. Not being current speaks volumes about what's going on inside the business and that's not positive.
Fake emails and texts being posted here are a disgrace and in the highly unlikely event that they aren't fake, what's being communicated in them should be in the public domain and never one insider to one shareholder, as (and it's been said by another poster already below), that's highly likely to be a breach of SEC rules.
For that reason and that reason alone, we'd better hope they are fake, else it points to poor judgement on the part of the protagonist involved and again, a red flag for the ongoing health of the business and the value and believability of communications coming out of it.
Hope to be wrong and GLTA
I don't disagree, but there will be a short term pull back and that's not good for those that bought high.
If the emails/txt's purporting to be from the company are to be believed, there is no excuse for missing the 15 day filing window anyway.
Yes, my views on this one have changed significantly as the Red flags start flying all over the place and the over exuberance on the part of some posters (without recourse to current realities), is dangerous and destabilising for the climb to $'s (if indeed that's to be believed). Remember, it's a 1,400% uplift from the current pps to get to a buck and that's not going to come from the shenanigans that's being posted here.
That's me done on Vystar for the day. Very much a disappointment and I fear, much more so to come.
No filing, it goes down.
If filing, it will be a lackluster 10K and it goes down.
Needs a positive catalyst or it's down. End of.
Nosedive today then. Even if they file first thing in the am, the Stop Sign won't be removed immediately.
The xxx's are my name and linkedin address. All of what I say is verifiable (much more so than the posts on this board), as is my background, so there are no scams here nor am I asking them for anything at all in return. So where's the scam mate?
As for the supposed emails and text messages posted here and purported to be from the Rotmans', complete fabrications imho for obvious reasons, which include the shit they would get themselves into with the SEC if ever they posted proprietary information on a public shares trading forum.
Anyway, let's hope the management at Vystar are not quite as deficient in the IQ department as you appear to be and that they do at least pursue the opportunity, if not through me, I don't mind as long as they do it.
A month ago. Irrelevant.
Tell me this, why does Greg (and Steve for that matter through linkedin), continue to ignore my email then. Malaysia is (by a country mile) the biggest manufacturing country for Latex Rubber Gloves in the world. All of the below companies are Publicly traded on the KLSE.
I challenge anyone on this board to know more about these companies and their business or have the contacts in the business that I do.
So where is my reply to this (sent to their C-Suite 3 times now)?
=====================================================================
From: Matt xxxxxxxxx
Sent: Monday, 15 April, 2019 9:30 PM
To: blueoarinc@gmail.com
Subject: RE: FAO Mr Greg Rotman RE: Business Opportunity
Importance: High
Dear Greg,
Tried you at the Vytex email address but to no avail.
I’m a shareholder in your soon to be Acquired company Vystar and noted that I had not seen anything of your product offering Vytex, in my neck of the woods, Malaysia.
Since part of my business interests are in Natural Rubber, I wondered whether you are (or might be interested in) targeting this market, which is by far the biggest global supplier of Latex rubber Gloves in the world. Indeed, the region as a whole including Malaysia, Thailand, Indonesia and Vietnam all are large-scale Rubber producers who (having toured many rubber producing facilities) could undoubtedly employ your technology to good effect.
Perhaps have a look at the following websites which would give you an idea of the enormous potential for your tech here in Malaysia.
1) http://www.topglove.com/
2) http://www.supermax.com.my
3) https://kossan.com.my/
4) https://hartalega.com.my/
5) https://www.comfort-rubber.com.my/
6) http://www.rubberex.com.my/
7) http://www.careplus.com/
Top Glove is by far the biggest.
Here's the local trade body:
http://www.margma.com.my/
Stocks are all traded here locally on the KLSE
Anytime Vystar/Rotmans want to get into this market, do please get in touch with me.
You can also easily check my credentials on LinkedIn
https://www.linkedin.com/in/mattxxxxxxx
Call any time if this is an opportunity of interest to you.
Very best regards,
Mattxxx xxxxxx BA (Hons), MA, MBA (Warwick), MIEx(Grad), FInstSMM
Mobile: +6012xxxxxxx
======================================================================
I do not think they seriously want to develop this business and that worries me. I have not heard of Vytex at all in this market and that worries me more!
Why is everybody obsessed about this particular 10K. The numbers are not going to be good are they? It's merely a compliance issue, they're late and the filing will just be ensuring they complete formalities and comply with the granted 15 days extension. Who's deluding themselves that there will be something monumental in this filing that will cause a parabolic rise in the price?
This is what really worries me about this group here, it's that even well respected champions of this stock (you know you are and I'm not allowed to say), are starting to dent their own credibility by failing to add a touch of realism to the proceedings. 10K will get filed, just about in compliance with the extension, numbers will be mediocre if not disappointing and we will be lucky if the stock trends sideways until further news.That's all ok for those that bought at 0.00 price range, but anyone who bought over 7 cents is in for a nasty one imho!
I'm hoping that the decline in the pps over the last several days, has been the market baking in the negatives attached to the 10K filing and looking forward to the next news, which had better come quick smart or I fear we have another $SHMP on our hands here (which incidentally, was the find of the last 20 years on the OTC, was going to multiple dollars and blah blah blah sound familiar?), whose champions have disappeared into the ether having made a huge profit at the expense of many a bag holder (must admit I made a nice one too, but am seriously late to the party here)!
I'm sorry but my gut feel is that we're going to see the right side of the Eiffel Tower, before we see the left side!
let us hope that Vystar management nibble us a nice 8k soon too.