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494 million shares restricted !!! Insiders own half of the shares !!!
There was so much information in yesterday's tweets they wouldnt know where to start if they want to dispute each one of them.
So they will probably end up saying that Vystar's account was hacked or that there is no proof it is the official account .
Agreed! Eco-friendly is just the cherry on the cake. I think the best benefits are the allergy-free part and also the fact that they are thinner. Nurses and doctors will have a better feel of what they do and be more efficient.
??? That s 8$ for a box of 100. Simple math....
250K gloves for $20K, thats 8$ for a box of 100. Not sure if this will be the retail price but I compared on Amazon and most prices are between 7 and 13$ per box. Even if they sell them for 9 or 10$, it will still be very competitive.
And add to the price the fact that they are thinner, allergy-free, biodegradable => it's a sure WIN for Vytex! If this 30-day test goes as expect, we should get nice contracts worth millions of $!
Boom another massive tweet about the gloves:
We are going to produce about 250K to start for samples and testing with a few partners that have an interest in purchasing. We are going to do a 30-day test with 4 facilities, they spend about $60 Mill+ annually on gloves. 250K gloves cost's us $20K. $VYST
Thanks, I was looking for that post. Huge money in the glove market!
Well since they cost less to produce (no waste of water, no chemicals, no waste of latex, thinner thanks ro better quality latex...), the price will be very competitive imo !
Their market cap is 11.6 Billion RM so about $3B ! Definitely a HUGE partner who has the money to transition to Vytex production. And if it saves them millions per year, they might change ALL their latex production to Vytex => Massive licensing fees for Vystar.
Kabooooom nice DD!!! they have 26% of the world market share !! 64 Billion gloves produced each year !!!
StocksGoneWild answered and has the most votes so far.
Kabooooooom !!! So many huge revenue streams coming together !!!
So Vystar have the capacity to produce for $500 million worth of mattresses (assuming around 1,500$ per mattress)!!
For comparison, Casper makes $400 million a year.
Obviously we wont be at full capacity right away, but that proves that Vystar wants to compete with big players !
It was already there months ago, nothing new here. But I dont recall seeing the gloves picture in their products section.
Actually it is for the last 37 days, not 34. Last week tweet said 3.9M$ in the last 30 days. So with this additional week that s 37 days.
Acquisition was on July 18th, also as said by Greg in Twitter.
New tweet! 500K$ at rotmans the last week, not bad after the tax free week end!
Another great sales week for Vystar. Since Vystar acquired Rotmans, revenues from Rotmans were $4,429,754. The company has also invested about $50K in One World, a NetSuite add on to help with breaking out numbers from each of its acquired properties. $VYST
You get my vote SGW!
New tweet out.
Who wants to go to Worcester and have a tour?
We think it’s important that people get a perspective from the outside & not just management. We will pay for & book tickets (Continental US), round trip for 2, come & visit our corporate headquarters in Worcester MA, take a tour, meet the CEO & other staff. Terms in Image. $VYST pic.twitter.com/LbOGLd1Dpy
— Vystar Corporation (@VystarCompany) August 25, 2019
Dilution for what? They paid all their 3rd party debt. And in the last 5 months, dilution was only about 50 million shares.
They now have cash and a $3 million LOC, so they have money to finance their day-to-day expenses, and they have product already bringing cash in (RXAir, Sonnett, soon RX3000...).
We re good here.
Same here. It took a long time but Mikey seems to be doing what he promised.
LOL! It was created yesterday, how.many users were you expecting!
As for the looks, that can and will easily be changed!
At least things are happening. (Very) slowly but surely.
Great stuff, thanks!
Whining again?
An OTCQB application is not an event that will create huge pps increase, but it s a step in the right direction. It s all about patience here, but clearly that s not one of your qualities.
Now smart traders are coming in
apparently you did not read the news. RS 1:5.
It amazes me how people can be that stupid. They see an RS and they run for he hills.... Just look at all the revenues and contracts they have and the huge potential here....
smh...
Well I did that on a few stocks and it worked, but agreed you need to have some hope in it to get a bounce. If you think it s a real scam, then dont buy more.
For FTEG I still think it is legit but they are struggling financially. But I would not call it a scam.
On the OTC every time a stock goes down or dilutes everyone screams "SCAM". They have to look at the reasons why. I guess most people dont know how it works.
LOL good luck with that!
I m also red big time on this ticker, but going to a lawyer is 100% a waste of time and money.
I know it a not easy but the best strategy in that case is: average down, be patient, and wait for a pps jump to get out and break even (or minimize loss).
OK read the twitter thread Greg just did, there s more info there. All is well.
Now it is super clear: the 500k$ Greg mentions from him and his father is actually 470k$ (395+75). No worries here.
Read again the 10Q, what Greg said totally makes sense now. There s 2 banks: "Fidelity Bank" and "Fidelity Co-operative Bank".
The LOC is with Fidelity Co-op Bank.
The 500,000 was with Fidelity Bank and is explained in another paragraph and happened in 2018. The paragraph you quote refers to it again because it will also create another class of preferred shares.
Nice! Thanks for the clarification!
My view is that this acquisition is so complex that everything Greg says or even filings say will always be subject to interpretation. It shouldnt be, but that s the way it is.
Personally I give Greg and Vystar the benefit of the doubt. If you dont believe them, that s fine, then sell and move on.
The 180k$ were to increase the cash. It s not for using for the loan. So it is actually working capital.
Also for the 3 vs 3.5 million it looks ok to me. the bank authorized a 3.5 million loan but 500k from the 5 shareholders who gave 500k are kept as a guarantee so in the end it s 3 million of usable RLOC.
I think Greg made a mistake in his message. If you just replace "my dad and I combined loaned 500k$" into "my dad and I combined loaned 180k$", then it s all clear and consistent with the 10Q.
Doog, can you ask Greg to confirm?
I understand "fair" as "clean" because all toxic debts and toxic notes have been paid off. But agreed he should have used another word.
Read again the 10Q from November: RS can only be 5:1 to 50:1.
LOL as said in the 10Q, the RXAir units are filterless!! Maybe the older versions had a filter, but not the new ones!
UV Flu’s product line includes:
?RxAir ™ Residential Filterless Air Purifier
?UV400 ™ FDA cleared Class II Filterless Air Purifier
?RX3000 ™ Commercial FDA cleared Class II Air Purifier (news video with RX3000)
Right. But if a RS happens, it will be for an uplist so right before it. No worries with these notes.