Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes it is - India tire market reached a consumption volume of 185 Million units in 2019.
Serious opportunity here - especially given their ongoing increasing consumption and environmental challenges - sounds like a perfect market for VYST.
Been waiting on a tweet storm - looks like the wait is over.
looks like folks are back from holiday break - lol.
looking forward to a new beginning.
Hey MM - was that on your recommendation or influence? Would love to see a pic of that if possible.
Only wanted to show half of the cash cow.
Yeah I only used half full because they only take 50% in advance - lol.
You should try to keep up with strategic changes employed.
I just want to lay out the case that there is considerable positives here - whether they can take advantage of it - resolve the mistrust - it's up to them.
BTW - last I looked you are a bagholder as well. I use that term because that is the prevailing wisdom here.
I am not in that camp - don't like to sit around those type of camp fire chats - not productive.
Like I said - there are issues to be resolved. It's time for Dad and Jr to stop thinking this is a private family company and get moving in the direction of a public corporation with a lot of stakeholders. As a private company there are things you do or can get away with that just don't work in the public domain. Time for the reset.
I am not one that said Buy Buy. I bought based on my own study and have not purchased another share in months - I am still slightly ahead but not much.
GLASS HALF FULL.
Deferred Revenue of $2.7M represents only 50% of the potential revenue - 50% deposits. Therefore revenue near term revenue already in house is ~$5.5M for Q-4. Now that also means they have a $2.7M cash windfall coming as part of the settlement of the transactions.
Given they already have received containers and air shipments of almost 3K Rx400, I suspect most of that $5M will be EARNED before year end. There is also Rx3000 backlog that should be addressed by Scot Electronics production in the near term.
There are issues that need addressing and resolution. A strong cash position and a solid revenue stream will allow resolution.
Tired of all the negative rhetoric - it's time to present the case most favorable to longs.
How do you like the Rx400 - were they for customers or personal.
Any idea or feedback on when you might expect the 6 Rx3000's?
I love the way Washington works for "We The People" - talk about tone deaf.
You talking about the same place that closes everything, wants to arrest you for a Thanksgiving dinner but it's ok to riot, go to Hawaii if you are a Govt Official or go to a fancy restaurant with your friends and apologize LATER to be accountable????
Who cares about that state. Leaving in droves.
Clearly, you have a slant on things that I don't.
First - the original post was to demonstrate the SIZE of the market. Second it was to highlight the OPPORTUNITY.
The fact that they may have current limitations is NOT THE POINT.
It's that the market is there for growth and opportunity.
And yes it is about distribution channels. Today it may be limited but tomorrow who knows.
Everything with some of you is absolute - NO SUCH THING.
The market and opportunity exists - how thy attack it is up to them.
So u think that is the only distribution channel for them - silly assumption
I agree you need the supply - I am confident that issue is being or has been resolved.
Supply Chain optimization for Rx400; Rx3000; Gloves etc. isn't resolved quickly - it takes time, effort, money and resources. Rome wasn't built in a day.
VYST is doing this the right way - sorry if it not fast enough for some.
The global disposable gloves market size was estimated at USD 6.71 billion in 2019 and is expected to expand at a compounded annual growth rate (CAGR) of 11.2% from 2020 to 2027. Growing product demand in medical and healthcare, pharmaceutical, automotive finishing, chemical, and oil and gas industries has been a major factor driving market growth.
One tenth of 1% = $6.7M Revenue - I would think 1% is doable.
Just to show the potential of the Vytex Gloves:
I have a family member in the medical field - his group (Decent size Outpatient Surgery Center - multiple locations)uses 1000 Boxes of gloves a day. That would be 365,000 Boxes a year.
Assuming 10 boxes per case @ $150 a case - That is over $5M annually for 1 client - How many surgical centers, hospitals, labs etc are there in the US alone
I think the opportunity here is obvious.
Disposable item - almost would be an annuity - the recurring revenue is ridiculous.
Always the bright light on dark days - lol.
Maybe some of those NY City houses of worship could use an Rx unit to protect them from cuommuism virus
Let's see if we can get some "facts" straight.
They have received at least 3 containers - that is a total of at least 1,800 units. Another container is shipping Mid November - another 600 units.
They air freighted at least 2 shipments of 300 to distributors - I actually think it was 3 but who is counting - right.
Anyway that is 3,000+ units.
So VYST HAD BACKORDERS SOMEWHERE BETWEEN 2,000 AND 2,500 UNITS. THEY HAVE BEEN SATISFIED WITH THE FRONT LOADED SHIPMENTS.
SO NO - they don't have backorders now - but you waited until after they shipped 3,000 unite to ask the same dumb Q.
3,000 units @ an ave selling price of probably $600 - weighted ave of distributor and retail = $1.8M - backlog gone and now customers can get shipments when ordered.
NUFF SAID
NONE - they filled them - stop looking for the shooter behind the grassy knoll - wtf us your point
So u don’t believe they filled backorders
Just noting his lack of facts or his purposeful ignoring of facts
Hey Capt - please go back to last week and re- read the tweets from last week - back orders we’re addressed- u can’t keep asking questions that have already been answered - try keeping up to date please
It's not but as I mentioned previously - it could have been true for a day or a week before they realized they couldn't accomplish their strategic goals in Worcester and made a strategic decision to go in another direction.
The decision is more about the supply chain, quality and tech support more than anything - IMO.
I have a deep background in Supply Chain Optimization, materials, procurement and mfg.
IMO they are making very good strategic decisions to optimize their opportunity - even if it meant some delays and investing additional resources to get the strategy realized.
Again - JMHO - I am not a pumper - I invested because I saw a legitimate opportunity that this company can take advantage of if they can execute. I think they are starting to see the execution phase and I am optimistic - if they fail - then I lose some serious cash for me. But that's on me.
I am currently at breakeven BTW.
Seems to me you are wasting your time. Your time would be better served on focusing on other tickers that you have more faith in the Mgmt - no.
Why do you post umpteen times a day here to seek "TRUTH" when you always say everything is a lie or purposely deceitful - why stick around - sell the remainder of this crap and be done with the stock, the board and everything that smells about it.
Did you ever posit that maybe it was true then but not now. Maybe they realized they couldn't ramp up fast enough and the location wasn't large enough to produce the volumes needed - or the technology required engineering support that wasn't available - I could give 50 mfg and operations reasons for shifting this to Scott Electronics - but would you be objective - I think not.
You are always playing the negative, deceit or liar card - it could never be that circumstances or strategies or some virus changes things.
Ahh and there we are - the TRUTH teller - saving humanity - AGAIN.
Yeah, Yeah, Yeah - again - strategic decision to go in a different direction - which they have announced and continuously updated.
Probably NONE - so what.
You will know when the production begins because they will tell us.
Probably NONE - so what.
I covered this in a post last week. Get over it.
There was a reason you paid more - assuming you did the DD and felt compelled to buy higher- the recent updates should only reinforce your investment thesis
You won't get that here - this is the place where everyone is in it for themselves - anybody giving you advice is totally self-serving.
Don't listen to anyone - if you know what you are doing then don't ask anyone else.
Stop asking - if you don’t know what to do then you don’t belong in the OTC Wild West
You misread the post - I didn't say $1 - I said not in the short term - could take years - I said new high near term.
Don't put words in my mouth - don't spin what I said.
y
I am neither naive, a pumper, cheer leader or whatever you are tring to paint. I have a long term interest here and have the patience to let this develop - WHICH I THINK IS WHAT I THINK INVESTMENT IS ABOUT - short term views don't concern me.
There were two air shipments of 300 each to 2 different cities for 2 different dist.
Boy, someone has a burr and their spur today.
Short term mentality means day trader or flipper - denying the long term potential here is a disservice to many.
Who cares what is in the short term Q-3 numbers - the long term and momentum is building and I will take long term strategic growth over short term any day.