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I feel that you are sincerely trying to get to the truth here. I feel the frustration like others that things have not progressed faster, but I feel there is a fundamental difference between yourself and investors that are long here is this. You assume that Rotmans (at least Greg) are dishonest people scamming the market using us as a way to pad their pockets. I feel the opposite, that they are trustworthy and honest people, (just look at Rotmans long history of business and philanthropy) and that once all the information is presented, it will all make sense.
If you are so sure on your convictions about this, why dont you just call Greg and clear the air. Call him and debate to your hearts content until you are satisfied with with the answers you get.
Just to put this in a little perspective:
Current price as of 8/17/19 of new purchases of stocks by Williams Jones and Associates LLC:
ALC - 60.85
GTHX - 37.23
KMI - 20.13
WES - 23.02
BIP - 44.82
DSSI - 10.32
INGR - 75.90
VDC - 153.68
XLR - 90.55
VYST - .026
VRSK - 156.88
SPGI - 256.68
IVW - 177.63
PGF - 18.79
DEO - 167.69
CTVA - 30.24
AIG - 54.31
ATVI - 46.66
Which one above doesnt look like the other, YET.
Thank you your awesomely detailed posts. Question, where do you think the EMA shares fits into this? How do you think that whole situation will play out? TIA
LOL, you should write stock poetry. Your way of saying it sounds much better than mine. I really do feel that we are truly very close to big shift in the vystar atmosphere to the positive.
Vytex has such a bright future. They just needed someone with the financial backing like Rotmans to get this off the ground and running.
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"An argument can be made that in order to succeed and flourish -- survive -- in a cut throat business, is to be deceitful."
I dont think that is what he means. I think he means that there are many on the board claiming how deceitful Rotmans have been and if they were truly like that, they wouldn't have maintained such a stellar business reputation for as long as they have.
That would explain the selling here. Several "longs" that had large positions that either completely sold or reduced their share count significantly. I am confident the selling has not been dilution.
Public sentiment has changed alot since that time about ecological issues and the used of biodegradable products and products that are being produce in ecological friendly ways.
" They never did find any one to take that on did they? SO SAD :("
Dont be sad, the story is not over yet. Buyback can still happen.
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Personally, I wouldn't buy a bed online. Would want to see it in person to test it out. Maybe some will buy online? But those buyers need to live right there in the Rotman's delivery area.
Tell that to the Purple mattress company. I think they are doing just fine.
Online beds are hot.
Pointing out whats going on here, which unfortunately in this case is pretty negative if you are a long term investor here, which I am not. Not interested in getting back in here either without major developments.
The last filing I can see with financials for labor smart was 2013 and the stock was over .20 at that time so not a good example. Any others that are relevant where there was an acquisition and infusion of revenues like VYST. That is what I am asking, a company suddenly acquiring a large business like Rotmans. Apples to apples.
Do you mind giving me some examples and when that was. I am really interested in looking into the history of this sort of event.
I cant honestly believe people are arguing 30 million vs 40 million a year. Show me another pink stock that acquired/merged a company that has revenue like that.
I was hoping for more here also, I felt that this had potential, but around the time that Danny shot their commercial(few years ago), things started to go off the rails. I cut my losses and moved on. Live and learn.
I thought I was the only one with luck like that. My wife jokes that I should take down amazon by buying their stock, LOL. I know things will get better here. Its hard to listen to all the negative, focus on the fundamentals and this time next year(or sooner) we will be doing just fine.
PS, gave you a follow.
I honestly think some on this board have lost their minds. You can find a pink stock out there weekly that will claim to be merging or acquiring a profitable business, but I dont think I have ever seen it acutally happen with a legitimate business till now. Here we sit with vystar that acquires Rotmans who has revenue of 30+ mill a year and people are bitching about how its not 38 mill or how they are not the largest furniture company in the world or whatever. I understand wanting to see the financials but do people really think Rotmans is a failing business? They are acting like Rotmans are trying to avoid bankruptcy or something. People want to make quick money , but unlike other pie in the sky merger stocks, this one is real and real business takes time to build.
LOL. What do you think YU has been doing the last 8+ years. He has posted nothing but negative. I was in this several years back and got tired of it and left. Hope this turns around for you here.
Just think, soon many of those business will be buying our latex to use in their products and others will be selling our mattresses.
I wish OFF repellent spray would come in a formulation for irritating ihub gnats. I would spray it all over this board:)
I grew up in North Central Minnesota. We had hard water that ruined several water heaters. It was always a problem with the calcium deposits. We even tried some magnetic device that strapped to a pipe. My dad would definitely have bought the home version of the Hughes Reactor.
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who knows why he has not signed on ..."
Exactly, no one knows, not you, me or anyone. Therefore lets not surmise that is means it must be a bad thing. Just as good of chance of it turning out to be a very positive occurrence. Lets just wait it out to see the truth when it is revealed. For those that cant accept this fact, then they should sell and move on because for now, like it or not, we are all in those holding pattern together.
I am long here since my first buy in January. I know that the 8K could drop any time and I strongly feel Rotmans have a plan here to get this stock uplisted. With that being said, I feel they are stalling right now, not because something is wrong, but that there are some major developments behind the scenes we cant see. Once those fall into place, then they drop the 8K and then follow that up with several huge PR's that will drive the price up. I am ready to wait the rest of summer if need be.
Just read your post, great explanation. Even has pictures.
No #hit Sherlock, The other latex has the allergenic proteins left in them. Try using rubber gloves, condoms ect if you have a latex sensitivity, vystar has a significant advantage here.
The old "there are already similar products" routine again? If that was the case then there would only be Sony TV's, Chevy trucks, Milwaukee tools, ect. Vystar is different because of the lower proteins in it making it more appealing to people with latex allergies. That is important to alot of people and a massive marketing point.
I knew I had seen this before. So the ripoff report says...
"Steven and Greg Rotman have lied repeatedly to the investment world. Their lies are as follows-
1. Rotman claimed that the net profit of his furniture store was 19%, then claimed that he never gave investors the number.
2. Rotman told investors that the outstanding share count was relatively unchanged, then it was revealed that the company has deceitfully diluted shareholder equity by over 300%.
3. Rotman issued a PR saying that an "up to 250 million share" buyback was "authorized", when in fact the company had no cash for any "buyback".
4. Rotman repeatedly gives insider information to select shareholders in emails and on phone calls without announcing the information in a public press release.
5. Rotman issued a press release claiming that an "institutional investor" had purchased $200,000 of VYST shares at .15. This was touted as an example of confidence from the investment world. The 10q report revealed that a toxic financier group, which DID NOT meet the definition of "institutional investor" received over 30,000,000 shares of VYST at an average price of .006.
6. Rotman is actively hiding the OS from investors by disallowing the transfer agent from giving information to shareholders.
7. Rotman refuses to abide by securities laws and release 8k reports detailing material events that are announce via twitter, email, or phone calls."
Now read post 90093
"A few things to comment on here...
Regarding Point #1
If Rotman told you an expected net profit margin of 19% he is in violation of Reg FD as that was non-public material information. Does not matter how it was taken or that he wasn't committing to it. He proffered the number. That is "guidance" and it was not, and has not been, publicly disclosed. If he is also denying to others he told you this, it would also be an indication that he knows he crossed a line.
Regarding Point #2
There was massive dilution in the first quarter and through May 15, 2019. The filings are quite clear on this.
OS on December 31 was 457,747,818
OS on May 15, 2019 was 1,041,770,559
Rotman's earlier statement led people to believe that it was unchanged.
The company diluted close to 600,000,000 shares. That was a surprise.
There was NO disclosure of that amount of dilution in January. It only became clear when they HAD to disclose in the 10K. Rotman's "explanation" rings hollow.
https://www.sec.gov/Archives/edgar/data/1308027/000138713119003733/vyst-10q_033119.htm
https://www.sec.gov/Archives/edgar/data/1308027/000138713119002804/vyst-10k_123118.htm
Regarding Point #3
The "buyback" in a penny pump narrative. Of course the company "authorized". Nobody has said they didn't. The company could authorize the acceptance of a buyout offer from Google for $10,000,000,000 IF it ever came. See how that works? The question is their ability to carry out one. They simply can't. But Rotman even went so far as to say they "bought back" a "small" amount in the first quarter. What some inferred from that was 10's or even 100's of millions of shares. So Rotman got the reaction he wanted. Did anyone buy stock thinking it was that much? But ONCE AGAIN, when the reality had to be revealed it was a $30 purchase from an individual. THIRTY DOLLARS. Not even an open market transaction. That is how these guys work...keep some element of truth...but mislead nonetheless.
Regarding Point #4
See Point #1 above.
Regarding Point #5
Yet another example of selective truth or only partial information. The fact is that there is NOTHING in the REGULATORY filings that support this notion of a $.15 share purchase by "institutional investors". I discuss this here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149115045
Nowhere in the 10Q is there ANY description that either supports or allows one to even "calculate" a $0.15 issuance. They ONCE AGAIN are playing games. The fact is the auditor would have reviewed the 10Q and the language used to describe the issuances. And the issuance price is easy to calculate...$0.0064 and $0.0032.
Regarding Point #6
The TA is gagged, and while the company may be willing to provide some sort of informal update on the OS while it is not changing, they have shown NO ability or intention to disclose a major issuance as they happen. One only needs to look at the OS "surprise" THREE MONTHS after the fact in the 10K to confirm this.
Regarding Point #7
See point #1 above. Regulation FD is a Securities Law, and they violated it when they told you what they believed the profit margin "could be". That is "guidance" and that sould only be disclosed to the market as a whole.
Compare point to point. Whoever wrote the ripoff report didnt even bother to change up the order of his points, LOL. Judge for yourselves.
Good for you. I know I have read that same information from a poster here. I really get sick of reading their lies and worse yet, they routinely seem to get away with it. Sooner or later, these people get whats coming to them. Vystar is a great company with a tremendous future.
That makes perfect sense. Why else would they be here daily bring up lame/weak arguments bashing vyst. Not going to work though. Smart investors know better.
quote "especially in such cases with a clear conflict of interest"
It is because of this I feel so safe here. It is Rotmans private company they are taking into Rotmans controlled public company. They want to increase their economic value, what working individual doesn't so why would they purposely do something to harm that. I think your argument here is that they are going to do a bait and switch on the current shareholders, but I for one choose to look at their past history as people of character and am willing to bet they don't. I believe they have a plan, one that has not been fully divulged to shareholders yet and one year from now, Vystar will be doing quite well.
I work in health care and I can tell you almost everyone tested now a days qualifies for a CPAP. Tons of potential here.
I do!!! If this is a turd, then it is a unicorn turd that will end up being of rainbows and glitter.
Is today the court date? TIA
Have you ever stopped to think that this software is large enough to encompass further expansion of business. Why buy a software with limited capabilities that may suffice for now, but be obsolete in 1 year.
Even better it is on a twitter account directly from Greg vs all the separate calls to share holders.
OK, so whats your point about the money from sales. Those units could have been sold by UV Flu tech. They may have folded because of the immense money it takes in R&D of a product and once a company gets behind, its hard to ever catch up. There are examples all the time where people come up with get inventions that work, but never have the capital to make any money on it. Another company comes in and buys the rights to it and makes a ton off it. Look at shark tank for example.
Weren't those models sold by Rxair prior to vystar getting ownership of them?
Still exciting to hear. Lots of things happening behind the scenes we are not even aware of yet.