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Wait for it! looks like a buying window forming!
Nice Find
A lot of businesses trust and use the security system that UPS or a Phony Express has to offer over the mailbox or post office.
I've used the Phony Express postal system for certain types mailings when the document service has a high security need.
Agree 100%
However, given the SEC and financial filling, along with the note being negotiated over the summer, I'm assuming a PO or LOI was likely the "story" the lender received at the time of the extension.
Once the ducks are aligned, which I believe has or is shortly to happen, the story turns into a signed contract.
All "assumptions" on my part until the "Rest of the Story" comes out....LOL
Correct!
However, the lender is also concerned about "does the borrower have a path to paying off the debt?" This is as important if not more so than the means to provide security.
Super Thanks
I tend to not place much value in these, puff articles as nothing more than a "little know fact" LOL
Case in point, they don't reach a very big audience, see the counter as proof.
Also, I tend to question what they place in these. Example: "FPVD management has been busy behind the scenes making moves; the Company recently became “pink current’ and filed a 10k showing very little debt and steady sales. FPVD has runner in its blood making a historic run shortly after becoming public, a run we reported on. Investors are taking notice as Force Protection receives multiple orders for its LE10 camera System for law enforcement in Q1, 2020."
Funny....I didn't see anything in the 10K that supports "steady sales" in fact Q1 sales were lower than last years Q1
Thanks for sharing, I did like the part on bringing this to pinks' which I believe you posted earlier....which likely had much to do with yesterday's volume here.
Just keeping it real!
I wouldn't go so far to say a "sure thing".
But I would say the lender wouldn't agree to such terms if the company didn't have a good story to get the extension.
Once a lender agrees to this type of amendment, it does make it harder for them to collect should the extension not get fulfilled. Not that its likely they had much of a choice prior to the new story.
My money says he is lining up his ducks for a large contract here, that the lender sees a payoff on. I would lien towards Federal and not a State one, since I believe the State level contracts wouldn't have the same legal requirements as under the Feds.
I could be wrong, but my gut says this may be were this is going.
My background is not in Federal contracts. But yes, I've been thinking the same thing for the past four weeks.
It is HIGHLY likely that the Feds require financial records to assure the auditors that they are actually doing business with a going business and not someone that "claims" to be in business before signing a LARGE contract'
I'm also looking into a couple of other possibilities here. They got my attention four weeks ago when I saw a company that hasn't done any business for several years, all of a sudden start bringing financial current, when they show no money.
Working through the DD and ran across this in today's 10K filing:
Effective August 1, 2020, the Company’s outstanding convertible notes payable (8%) and related accrued interest of approximately $700,000 were no longer in default as these debt instruments were extended to February 1, 2021.
Meaning the company JUST renegotiated a $700,000 note with 5-months for payoff.
I find it MORE than interesting; anytime I find a short window (2/1/21) on a $700,000 note that was recently extended.
Based on my business back-ground this would support that something good is in the wind. No one goes out and agrees to a 5-month balloon on $700,000 if they didn't have a plan on how to cover this.
Now while you might be thinking, no problem, I'll just refinance the note. Based on what? The 10K shows no sales and no assets. My money says this would be nearly impossible, unless our CEO in running drugs....sorry, that's a CIA joke :)
We have a company updating financials and SEC filings with nothing more than $2,500 in the bank the end of April and no sales for the prior years.
https://www.otcmarkets.com/filing/html?id=14389526&guid=mii6Uahj0I9HS3h
More to follow.....For those having a hard time following this post....I believe this is ONE more piece to the story that helps support the reasoning behind the recent filings
Pollo, thanks for sharing the contact
Guy, thanks for the link!
Correct, announced last night on Hannity by the House Minority Leader; Kevin MCCARTHY
Body Cams are all over the news......
Nice play here by the Longs......
Been adding this week to see what the rest of the story is.
You lucky dog!
Looked way on another stock and missed.
Thanks for the link....now you know why the say; "it takes a village"
Oh, there is a TERM for that kind of thing!
It's called making money....some of the reasoning behind the dip here. Key word "some". LOL
Funny......
I personally know of a company that hasn't filed for years and is currently trading. In fact, it was up 300% yesterday on monster volume.
Capt,
Best laugh I had all day, go figure, its on the VYST board!
Best profit maker today was on a 300% on a sub Lincoln. Yes, you can find stocks out preforming $0.03.....who would have thought that was possible???
Personally don't see it here.
What unit?
Is that "gains" or "game"? LOL
Any color on the last bow hunt?
If he was worried about the company he would sell half of his shares and so would other Board members.
Sorry, I can't stop laughing......
When the quote Board Members start jumping on that dump the stock train, they will find the same thing happen to them that happen to me last week. NO BUYERS, only took me trying to sell 400,000 shares to drop it form .04 to .03.
Gee I wonder what would happen when the CEO tried to dump say 10mm shares?
Take a look at the low volume numbers here. The only buyers you see is the flippers trying to reload for the next PR.
Trust me; by the time the shareholders learned that the CEO and the board are dumping shares, the stock value will be sub Lincoln.
Also.....
"Selling a very limited amount of shares toping off the available recourses is a natural!"
YES, this we can agree on. It's natural for a penny stock, on a company that hasn't enough revenue to quote "pay for operations". What is not natural is when the company is quote, "raking in more deposits than they can handle". Sorry if I'm para phrasing here. There has been so many PRs it's hard to keep up.
You and me both brother!
Kind of fun having an investment where every Lincoln equals a six figure day ;)
I wouldn't presume to believe that either side of such conjecture is correct.
Correct, any reasonable shareholder could say; maybe its for legal fees (since we know any good law firm would require all invoices at the end of each month must be paid or find a new firm). Since we all know they have a legal fight on-going, which is another topic.
OR....fund operations.
If sales are going with deposits made as the company as released in PRs, getting a loan to "fund operations" is not hard to do. Even getting a manufacture to extend a line of credit while working with you based on "signed" pending orders is reasonable to assume. Unless the manufacture doesn't share VYST take on the matter. Been there, done that.
On the other hand, try picking up the phone and telling your banker you need money to pay your attorney. Banker; No problem, we just need to see some colleterial and or paid invoices and we can get you the funds.
Oh wait....We also need to see your last 2-years tax returns and a year to date P/L that shows your profitable.
Again, loans for inventory, operations, equipment with signed POs shouldn't be an issue. Funding a lawsuit, that's a different animal and requires colleterial....selling some stock, much easier for that task.
Just thinking out loud!
My money is on the 8K and a release PR from Auctus and BRTXQ....but I'm just one of the little people.
You animal...leave some nuts for the rest of the squirrels.
On second thought, tie up as many nuts as you can. Because right now the longs control a LOT of nuts right now.
Personally looking to load another $100K this week myself, assuming this one doesn't rocket before the funds clear.
Well tomorrows another day
“WHY would a Smart savvy, intelligent CEO SELL a very small amount of his massive position?
Very simple and a no brainer."
"Loan his proceeds/money back to the company for manufacturing and equipment to ramp up the RXAIR 400/3000!”
Yes, your right, it’s a “no brainer” He can’t get a company loan to pay the mounting legal bills. Getting a loan against standing orders with “stated” deposits is NOT hard. Getting equipment loans is also a no brainer if a company has mounting sales, in the world of high finance.
"Why add insult to injury and take on conventional debt? That takes jumping through flaming hoops, massive paperwork, red tape and more."
IF a company could qualify for financing, it would be a no brainer as opposed selling stock ahead of the HUGE PP increase that we have all been told here. Of course that's assuming we have good news coming for a large PP increase???
Capt....I'm beginning to understand your postings, MORE and MORE!
Yeh....glad I'm not in his shoes right about now. If you're up to speed, you know where this stock is going.
Watching some nice size buys while these guys are trying to walk it down with small sells....Entertaining to watch. Steak dinner says they are about to get run over. BIG TIME
CDEL working overtime, buys are blowing past their ask. Watch what happens here.
Here we go....welcome to the party
Someone just kicking the beast!
Beauty before age pal.....I have time.
My brother from another mother!
You know it baby.....
Do I smell a break-out?
Good morning Squirrels!
Back at you Sgt.....
I truly believe we are going to have a few here that will be blessed.
Hang tight.....the noise level here is going to be off the chart.
We are really going to need a bigger tree, the shaking about Wednesday or Thursday is going to be entertaining.
These are very shrewd seasoned business professionals!
With all do respect: Not based on what I just read!
Signing loan docs on a Hard Money loan without an attorney, does NOT demonstrate the actions of a "shrewd business professional"
IN FACT that demonstrates one who should be removed.
These are very shrewd seasoned business professionals!
With all do respect: Not based on what I just read!
WOW, this ONE post tells any knowledgeable "business minded" investor who understands how business works, just what this company is lacking.....you have got to be kidding me. No experienced business man signs a "Hard Money" loan docs without a reviewed by counsel. Unbelievable!
I did financing with all types of Hard Money lenders for over 20-years, always had my counsel involved in the process......on EVERY deal.
Sold a large block of VYST shares two weeks ago and some last Thursday, sorry longs, when I put up 400,000 in one order, it dropped the price so quickly. I had to pull the order back when I saw the price dropping, due to a lack of buyers. Drove the price to nearly $.03 this week trying to move money to another stock, the one that I tried to share with the group a few weeks ago.
Haven't been here much since I've been moving towards the quote: "loser" stock, that was getting ready to "close" its doors, spoiler alert, it didn't happen, thanks to the judge.
If you want to know more, PM me, more than happy to share.
If this stock sinks to $.02 I may add some, since I'm not willing to sell my remaining shares at $.03. Besides, I can always use the tax write-off, should management not pull a rabbit out of its hat.
So sorry for your pain here longs. Best of luck to the VYST shareholders.
100% agree!
You have been tagged sir!