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I wouldn't be so certain. Don't forget some shorts will most likely cover by EOD. Let's see what happens. Wouldn't be surprised either way.
Trending up toward HOD. Keep a close eye on Monday.
Looks like we may close strong. Monday will be interesting :D
Agreed. This. Though, it appears accumulation is going on. Patience will reward those who wait.
Patience here. The chart looks very ripe. When she's ready, she'll go. Not ready yet.
Paul's resignation was also mentioned in the 10K (resigned last Friday).
I find it odd that Mitsy's resignation came a few days after Paul's resignation and after the 10K (hence why this 8K was most likely needed), so am unsure what to make of this and/or if it's at all related to the delayed audit, given the gap in resignation dates. It's also interesting to note that Mitsy received 4,000,000 shares just last month, as noted in one of the 07Mar19 Form 4s (filing date 2019-03-28), which included payment for 2018 and 2019. Mitsy had also been with Vystar since 2008.
Well said. Agreed.
Of course, at the current PPS.
My point, however, is that if the PPS goes down, they enrich themselves greatly with shares every month. One can even argue it would be better for them in the long term for the PPS to go down, because then all they need is another PR to pump the price up.
Curious to see how the market reacts over the next few days, and if we see a trend reversal.
You do know that Peter Lynch invested in stocks based off of earnings (aka the spine of a stock), right?
Let's calculate the dilution.
Using the current PPS on 23Apr19 at 14:33 EST.
Steven Rotman
$20,833 per month in shares (at 0% discount to market)
At the current share price of 0.0561 (consider that the 20-day average), that is the equivalent of ~370,000 shares per month.
$20,833 / 0.0561 PPS = 371,355 shares
Jamie Rotman
$7,100 per month in shares if not cash (at 50% discount to market)
At the current PPS, that is the equivalent of ~250,000 shares per month.
($7,100 / 0.0561 PPS) x 2 = 253,119 shares
Greg Rotman
$12,500 per month in shares (at 50% discount to market)
At the current PPS, that is the equivalent of ~450,000 shares per month .
($12,500 / 0.0561 PPS) x 2 = 445,633 shares
Yes, GR is being paid more than his father per month in shares.
In total, that is the equivalent of 1,070,107 shares of dilution per month at the current PPS.
The equivalent of 12,841,282 shares of dilution per year at the current PPS.
It seems to me that the Rotmans don't really care if the PPS goes down long term, as they'll only be paid more in shares.
Such a disappointing 10K.
Apologies in advance if the below have been covered extensively, as I was just able to log on and am trying to catch up.
O/S increase to 1,041,103,892
Consider the valuation post merger/consolidation essentially cut in half (as of today). Further, for the consolidation to even occur, the deal will involve 1/2 stock (according to GR), which means more dilution, and an even lower valuation. And who is to say there won't be any surprises in Rotman's fins, given what was dropped on everyone today.
If you do have a margin account, however, make sure you have buying power on the day. In other words, if you had ALL your money (margin acct) tied up in a stock overnight, then you would have no buying power to start the next trading day, even if you sold first thing in the AM. Call your broker and ask them to explain these things to you.
Based.
Without news or a filing today during trading hours, closing green is doubtful. Too good of a 20-40% flip come end of day.
Bounced off the ~0.09 resistance set on 07Mar19. Not enough steam to power through, so flippers/shorts took advantage. No surprises here, especially with no news. Corrections are fine. Looking forward to the filings.
$VYST
Casual billionaire friends waiting until $1 to buy OTC. Sureeeeeee. Thanks for the Sunday night LULs.
$VYST
As well as confirmation in a legal document regarding the revenues.
If you can read between the lines, I'm suggesting this range as a good base, again, if everything checks out.
$VYST
First, please re-read my post. You, too, are talking about potential of VYST and not Rotman's.
Second, where do I even mention the numbers PE "30" or "8"?
Lastly, I'll just leave this here.
Of course, PEs can vary depending on growth. The PE I used is related to Rotman's based on the furniture industry as a whole and has nothing to do with the potential of VYST. I'm assuming that Rotman's is not a "strong growth" candidate. That would most likely be reserved for FEC, RxAir, and Vytex. The potential of these (especially FEC) is the hope and dream and won't happen overnight.
Keep in mind also that VYST is currently operating at a net loss (subject to change). So from an earnings standpoint, there's no way to "positively" add that to EPS or the valuation as a whole, along with picking a highly speculative PE ratio.
Again, this was a conservative approach.
$VYST
I think it's best to be a bit more conservative in these valuations.
First, let's consider some of the numbers and ratios in question.
O/S = 600,000,000 shares
I think it's best to assume O/S is in the 500-600 million share range (as has been talked about here in recent weeks), so let's use the most conservative number within that range. For this valuation, I'm not going to include the effect of a share buyback on O/S, as there has been no indication that one has yet started.
PE ratio of the furniture industry = 16.77
I think it's best to use a forward-looking PE as VYST has not yet consolidated with Rotman's. Additionally, a PE ratio of 36.53 would suggest that Rotman's is considerably overvalued, especially given its purported growth rate of ~15% (per video with Steve Rotman). Realistically, the growth rate may be closer to ~10% given the industry PEG ratio of 1.58.
https://www.zacks.com/stocks/industry-rank/industry/furniture-79
Tax NOL
I'm also not going to include Tax NOL carry-forward, as we are not sure how this will affect PPS, based on the stipulations addressed in the prior 10K, filed on 2018-03-29 (see below).
https://www.sec.gov/Archives/edgar/data/1308027/000138713118001267/vyst-10k_123117.htm
I never said they were active. I was responding to the below post. Something to keep an eye on.
Fidelity. You won't see it unless you have big boards L2.
Though not a MM per say, ARCA (NYSE exchange partner) is on the BID in the 0.05s.
This is very recent -- something I noticed either yesterday or the day before. Previously, they were only on the bid in the dub 6s.
ARCA is also on the ASK at 0.10, 0.15, and 4, fwiw.
$VYST
Awesome post. Thanks, doog.
This, IMHO, is the best DD that's ever been posted to this board.
These parts stick out to me:
"We were very clear there were no warrants or ratchet clauses, or conversions associated with the transaction [regarding $200k institutional investment]."
"We understand shareholder frustration with this [gagged TA], but shortly we will be on the QB exchange and the TA will be on a program to update every week."
"Also, keep in mind that my dad does not take a salary so this is his annual compensation [Form 4, filed on 2019-03-27]. I think this is better than taking $250k in cash out of Vystar."
"My dad canceled 11 million shares and I canceled 7.5 mill shares. I have enclosed copies of that below. This will be reflected in the 10K...This will also be a nice uptick on the balance sheet for the company."
$VYST
Just spoke with GR.
GR clarified the share discrepancy, and stated that Steve Rotman cancelled the shares that were awarded when he became CEO, and returned them to the company treasury.
Here's a point of confusion for me.
To me, the below table in the Form 4 filed today (2019-03-27) indicates that Steve Rotman now owns 36,382,373 shares, after:
1) Acquiring 4,000,000 for reason 1. Based on Board approval 1/25/2019 to represent Board
compensation 2018/2019, AND
2) Acquiring 28,016,022 for reason 2. The shares were issued to Mr. Rotman as compensation.
If you take a look at the previous Form 4 for Steve Rotman (filed 2018-05-09), Steve Rotman was holding 14,366,351 shares in total. The 10,000,000 shares acquired in this Form 4 were awarded to Steve Rotman when he became CEO (see below).
However, let's go back to the Form 4 filed today (2019-03-27). Based on the numbers provided in the table, one would assume that Steve Rotman was holding only 4,366,351 shares prior to the "compensation" received earlier this month on March 7, 2019.
*36,382,373 - 4,000,000 - 28,016,022 = 4,366,351
This leads to a 10,000,000 share discrepancy, and the following question:
*What happened to the 10,000,000 shares that Steve Rotman was awarded when he became CEO?*
Does anybody know? I can't find any Form 4s that address this discrepancy.
Smells like spring is right around the corner.
$VYST
This is great news IMO.
Anything under 600M O/S means this thing can comfortably run to 25-30 cents, given Rotman's purported financials and Tax NOL.
And, IMHO, VYST will do everything in their power to get this to run to 50 cents.
Load up.
$VYST
Wouldn't be surprised if this gaps up at open tmrw.
$LFAP
You just made me chuckle.
$VYST
LUL. Honolulu is correct. Downtrend not broken, yet.
Looking forward to Monday. We'll get a lot more information to work with then.
$VYST
TOP KEK
The profits are in the end product, not the commodities. Rotman's Furniture is only one of the end products. Couple that with new CEO (who also happens to be President and CEO of Rotmans).
$VYST
Yes, but it seems the plan is for VYST to acquire Rotman's per SEC filing, and not the other way around.
$VYST
Awesome post, my dude.
Those who are long on this one know what's coming.
Enjoy the long weekend.
$VYST
He did. He mentioned it as a use case, but I can't remember which product it was directly related to. I tried to take as many notes as I could. GR has a lot to say and it was hard to keep up at times!!
$VYST