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agreed, without verifiable links for proof, everything is just noise.
VYST
great job with all the DD my friend, keep them coming.
VYST
Inpol
"Inpol is recognized as a trusted partner by all parties involved in the business of the Distribution and Intermediation of Rubber and Latex"
https://www.inpolsa.com/rubber-and-latex?lang=en
VYST
Vystar Corp 10Q - Gold Bond
Gold Bond had shipped four versions of their “Brilliance” inner coil and pure foam mattresses (Emerald, Ruby, Sapphire Plush and Sapphire Firm) to over 30 stores from Maine to Florida.
https://www.sec.gov/Archives/edgar/data/1308027/000138713119003733/vyst-10q_033119.htm
VYST
Vystar Corp 10K - Halcyon Agri’s RCMA
Liquid Vytex can be ordered wholesale through Halcyon Agri’s RCMA and CentroTrade.
https://www.sec.gov/Archives/edgar/data/1308027/000138713119002804/vyst-10k_123118.htm
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New to the Street – On Location
Latex Mattress Topper – The Best Products for 2019
****The ONLY one that is "OUT OF STOCK"****
https://snoremagazine.com/latex-mattress-topper/
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Retail Solutions: Challenges and solutions of implementing retail technology
On the operations side of Rotmans, we decided to go with NetSuite, a cloud-based ERP. In using NetSuite, my shipping system, my web-based system, my phone system, my sales up system and my Internet security system all tie into the same system.Net Suite can tie all these systems together. Because it is cloud based, it can be accessed from home by employees. Eventually, many projects we’re working on might be done from outside of the physical store.
https://www.furnituretoday.com/business-news/retail-solutions-challenges-and-solutions-implementing-retail-technology/
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Gold Bond: Brilliance Collection with Vytex
http://www.goldbondmattress.com/specialty/index.php?category_id=5352
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Med Air Solutions
The Med Air Solution 400 was engineered to fight the common cold, bacteria, mold, influenza viruses, volatile organic compounds like paint and varnish, and odors like pets and smoking. Designed with patented ViraTech® Air Purification technology that is owned and manufactured by Vystar Corporation.
Our flagship customer “The Med Stay” is located in Nashville, Tennessee and is the pioneer for providing temporary medical housing for patients that require short or long-term stay medical treatments. The Med Stay is proud to feature the Med Air Solutions 400 in each of their patient rooms.
Tradition meets technology at Rotmans
“We go out of our way to do what is necessary to make sure our customers are completely satisfied,” says Steve Rotman, president and chief executive officer. “If a customer has an issue, our customer service department coordinates with sales and delivery to solve the problem immediately.”
https://sleepsavvymagazine.com/tradition-meets-technology-rotmans/
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Vystar Corp. – Vytex Trademark
https://trademarks.justia.com/880/77/vytex-88077279.html
Centrotrade Minerals and Metals (CTR), Centrotrade Deutschland, GmbH (CTD) and Vystar® Corporation Broaden Vytex® Natural Rubber Latex (NRL) Distribution Relationship
Centrotrade, a leading distributor of natural rubber and natural rubber latex based products across the globe, has been the exclusive distributor for Vytex NRL raw material since 2009. The recent amendment expands Centrotrade's distribution rights for Vytex NRL into the largest NRL consuming markets in the world, located in South East Asia, specifically Malaysia and Thailand.
https://www.prnewswire.com/news-releases/centrotrade-minerals-and-metals-ctr-centrotrade-deutschland-gmbh-ctd-and-vystar-corporation-broaden-vytex-natural-rubber-latex-nrl-distribution-relationship-185868842.html
Tamicare Ltd. Selects Vytex® Natural Rubber Latex for Its Breakthrough Cosyflex® Dynamic Fabric, Enabling Entry into the Multi-Billion Dollar Non-Woven Market
Tamar Giloh, Chief Executive Officer of Tamicare Ltd., said, "After working with a number of natural and sustainable materials, Vytex NRL was the only one that provided the quality and functionality needed in the finished Cosyflex fabric."
https://www.prnewswire.com/news-releases/tamicare-ltd-selects-vytex-natural-rubber-latex-for-its-breakthrough-cosyflex-dynamic-fabric-enabling-entry-into-the-multi-billion-dollar-non-woven-market-162051785.html
"Vytex NRL is a superior natural rubber latex," commented Ted J. Vlamis, VP of Pioneer Balloon Company. "Through our testing phase, we found that Vytex NRL produced balloons with enhanced clarity and color vibrancy, which are key characteristics that our high-end customers require. We believe that the positive attributes that Vytex adds to our products will give us an advantage over competitors in the marketplace. Sales of Vytex have just begun, and we look forward to working with Vystar as we introduce balloons made with Vytex into our global distribution channel."
https://www.prnewswire.com/news-releases/vystar-begins-sales-of-vytex-nrl-to-the-largest-us-manufacturer-of-latex-balloons-116807738.html
Vytex Introduces Dry Natural Rubbers At International Latex Conference
Two new solid dry rubber grades (GP and UP) Vytex DPNR-NE are being field tested in tire and non-tire applications.
https://www.vytex.com/blog/vytex-introduces-dry-natural-rubbers-at-international-latex-conference/
Kent Elastomer Adds Vytex(R) Low Protein Natural Rubber Latex (NRL) to Product Offering
Cindy Harry, Director of Sales and Marketing of Kent Elastomer Products, stated, "Our standard Natural Rubber Latex formula is suitable for most of our customers, but for customers whose application requires a low protein formula, Vytex NRL will be a valuable addition to our line of Dip Molded products."
https://www.biospace.com/article/releases/-b-kent-elastomer-b-adds-vytex-r-low-protein-natural-rubber-latex-nrl-to-product-offering-/
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Rotmans: Locally Owned - Locally Grown
The Power 50: Steven Rotman
http://www.wbjournal.com/article/20180709/printedition/307069950/the-power-50-steven-rotman
Rotmans Awards, Recognitions and Honors
Please hurry and get the show on the road so we can leave this place behind us for good!
Mr. Rotman please take us to where gains can be held and volatility is substantially decreased. Thank you in advance.
VYST
L2 is so thin...who knows where it will close today
VYST
Yes amazing, I agree. That was a great summation of the 10-Q filed ON TIME yesterday. Great times ahead my friend.
VYST
Vystar Corp filed 10-Q
Vystar Corp files 10-Q in a filing on Wed, May 15.
In May of 2018, Vystar acquired substantially all of the assets of UV Flu Technologies, Inc., formerly traded on the OTC under the ticker UVFT, whose patented ViraTech™ UV light air purification technology destroys greater than 99% of airborne bacteria, viruses and other microorganisms and virtually eliminates concentrations of odors and volatile organic compounds (VOCs).
Vystar recognizes income taxes on an accrual basis based on a tax position taken or expected to be taken in its tax returns. A tax position is defined as a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets or liabilities. Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold is measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement. Income taxes are accounted for using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns. A valuation allowance is established to reduce deferred tax assets if all, or some portion, of such assets will more likely than not be realized. A valuation allowance for the full amount of the net deferred tax asset was recorded for the three months ended March 31, 2018 and for the year ended December 31, 2018. Should they occur, interest and penalties related to tax positions are recorded as interest expense. No such interest or penalties have been incurred for the three months ended March 31, 2019 and 2018. The Company is no longer subject to federal examination for years prior to 2015.
On December 22, 2017, the Tax Cuts and Jobs Act was signed into law impacting corporations by reducing the maximum tax rate from 35% to 21%, as well as various other provisions relating to the deductibility of certain items. The Act is not expected to have an immediate impact on the Company due to the large net operating loss carryforward as well as the full valuation allowance.
On November 2, 2012, the Company executed a $1,500,000 unsecured line of credit agreement with CMA Investments, LLC, a related party and a Georgia limited liability company (the ‘CMA Note’). Three of the directors of the Company (‘CMA directors’) were initially the members of CMA. Pursuant to the terms of the CMA Note, interest is computed at LIBOR plus 5.25% (8.22% at March 31, 2019) on amounts drawn and fees. The weighted average interest rate in effect on the borrowings for the three months ended March 31, 2019 was 7.99%. There are no available borrowings under the CMA note at March 31, 2019.
During the year ended December 31, 2018, certain investors have guaranteed $100,000 each with Fidelity Bank to establish a $500,000 revolving line of credit. At the present time, the Company is paying interest only at a rate of 4.5% per annum, with a balloon payment of $500,000 due in 2033. The balance is $500,000 as of March 31, 2019.
From January 1, 2018 to February 9, 2018, the Company issued contingently convertible promissory notes (the ‘Notes’) for contract work performed by other entities in lieu of compensation and expense reimbursement in the amount of $200,695. The Notes are (i) unsecured, (ii) bear interest at an annual rate of five percent (5%) per annum from date of issuance, and (iii) are convertible at the Company’s option post April 19, 2018. The Notes mature one year from issuance but may be extended one (1) additional year by the Company. If converted, the Notes plus accrued interest are convertible into shares of the Company’s common stock at the prior twenty (20) day average closing price with a 50% discount. As of March 31, 2019, the balance on these notes was $212,537 and they were extended one additional year until January 2020 at which point they become eligible for conversion.
From January 1, 2018 and through the date of these financial statements, the Company has issued certain convertible and contingently convertible promissory notes in varying amounts, in the aggregate of $710,000. The face amount of the notes represents the amount due at maturity along with the accrued interest, at which time that amount may be converted into shares of the Company stock based on the lowest 2 day closing price for the trailing 20 days prior to conversion and carrying a 35% discount. The contingently convertible notes provide for interest to accrue at an interest rate equal to 12% per annum or the maximum rate permitted under applicable law after the occurrence of any event of default as provided in the notes. At any time after 180 days from the issue date, the holder, at its option, may convert the outstanding principal balance and accrued interest into shares of common stock of the Company. The initial conversion price for the principal and interest in connection with voluntary conversions by a holder of the convertible notes ranges from $0.05 to $0.10 per share, subject to adjustment as provided therein. The total outstanding balance of the contingent convertible notes was converted as of March 31, 2019. They were converted into into approximately 303 million shares of the Company’s common stock. Based on the variable conversion price, the Company recorded initial derivative liabilities of $465,905. The remaining balance of $235,085, net of discount, as of December 31, 2018 was reduced to zero after a change in fair value of $1,044,250 and a decrease of $1,279,335 to the balance of the derivative liabilities upon the date all notes were converted.
Peak One Opportunity Fund is entitled to convert the note into common stock at a price equal to 65% of the lowest traded price for the twenty trading days immediately preceding the date of the date of conversion. The Company has the option to redeem the note at varying prices based upon the redemption date. As of March 31, 2019, the entire balance has been converted into shares of common stock.
Crown Bridge Partners was entitled to convert the note into common stock at a price equal to 65% of the average of the two lowest traded prices for the twenty-five trading days immediately preceding the date of the date of conversion.
On May 2, 2013, the Company began a private placement offering to sell up to 200,000 shares of the Company’s 10% Series A Cumulative Convertible Preferred Stock. Under the terms of the offering, the Company offered to sell up to 200,000 shares of preferred stock at $10.00 per share for a value of $2,000,000. The preferred stock accumulates a 10% per annum dividend and was convertible at a conversion price of $0.075 per common share at the option of the holder after a nine-month holding period. The conversion price was lowered to $0.05 per common share for those holders who invested an additional $25,000 or more in the Company’s common stock in the aforementioned September 2014 Private Placement. The preferred shares have full voting rights as if converted and have a fully participating liquidation preference.
Per Steven Rotman’s Employment agreement, he is to be paid approximately $1 per year in cash and $20,833 per month to be paid in shares based on a 20-day average at a 0% discount to market. During the three months ended March 31, 2019, the Company issued Steven Rotman 28,016,022 shares in accordance with his employment agreement that were accrued and expensed as of December 31, 2018. The Company expensed $201,000 during the three months ended March 31, 2019 related to 4,000,000 shares issued for services as a Board Member of the Company. In addition, the Company accrued and expensed approximately $103,000 related to shares to be issued in the future.
Per Designcenter.com consulting agreement, it is to be paid approximately $7,100 per month to be paid in shares based on a 20-day average at a 50% discount to market, and a $10,000 quarterly bonus to be paid in shares using the same formula. During the three months ended March 31, 2019, the Company issued Designcenters.com 20,030,407 shares in accordance with the consulting agreement that were accrued and expensed as of December 31, 2018. During the three months ended March 31, 2019, the Company expensed approximately $46,122 related to the consulting agreement. Of the expensed amount, approximately $17,992 was paid in cash. As of March 31, 2019, the Company had an accrued stock-based compensation balance of $22,820 related to this party.
Per Blue Oar Consulting consulting agreement, it is to be paid approximately $15,000 per month in cash for expenses, and $12,500 per month to be paid in shares. It will be based on a 20-day average at a 50% discount to market. During the three months ended March 31, 2019, the Company issued Blue Oar 33,618,226 shares in accordance with the consulting agreement that were accrued and expensed as of December 31, 2018. During the three months ended March 31, 2019, the Company expensed approximately $82,500. Of the expensed amount, approximately $45,000 was paid in cash. As of March 31, 2019, the Company had an accrued stock-based compensation balance of $123,002 related to this party.
During the three months ended March 31, 2019, the Company had sales of approximately $42,000 to Murida Furniture Co., Inc, DBA Rotmans Furniture (‘Rotmans’). Steven Rotman, the Company’s CEO, is a 42% owner of Rotmans. At March 31, 2019 and December 31, 2018, the Company had an amount receivable of approximately $15,522 and $2,254, respectively.
Major customers and vendors are defined as a customer or vendor from which the Company derives at least 10% of its revenue and cost of revenue, respectively.
During the three months ended March 31, 2019, Vytex licensing revenue came from three major customers; Wurfbian Polymer, Centrotrade and Mast Global, which collectively comprised 100% of the total Vytex licensing revenue. No amounts were owed to major vendors at March 31, 2019 and December 31, 2018.
During the three months ended March 31, 2019 Vytex licensing revenue came from three major customers; Wurfbian Polymer, Centrotrade, Mast Global, which collectively comprised 100% total Vytex licensing revenue. No amounts were owed to major vendors at December 31, 2018 and December 31, 2017.
In May of 2018 Vystar acquired substantially all of the assets of UV Flu Technologies, Inc., formerly traded on the OTC under the ticker UVFT, whose patented ViraTech™ UV light air purification technology destroys greater than 99% of airborne bacteria, viruses and other microorganisms and virtually eliminates concentrations of odors and volatile organic compounds (VOCs).
Vystar is assembling the distribution network to relaunch sales of UV400 and Rx3000 units to the healthcare and medical markets, which UV Flu had ceased due to a lack of sales force, distribution and cash flow constraints. Once production and sales are firmly re-established, Vystar expects that the air purification products will produce margins of approximately 75%.
Revenues for the three months ended March 31, 2019 and 2018 from the Company were $191,667 and $3,944, respectively, for an increase of $187,723 or 4760%. The increase in revenues was due to an increase in operations as a whole due to multiple acquisitions since March 31, 2018 and also due to the increase in Vytex licensing fees.
The Company’s operating expenses consist of general and administrative expenses. General and administrative expenses consist primarily of compensation and support costs for management and administrative staff, and for other general and administrative costs, including professional fees related to accounting, finance, and legal services as well as other operating expenses. The Company’s operating expenses were $1,995,880 and $1,763,449 for the three months ended March 31, 2019 and 2018, respectively, for an increase of $195,129 or 11%. Operating expenses included patents, latex consultants, accounting fees, and employee expenses. The increase is mainly due to the approximate increase of $200,000 in shared-based compensation related to services for related parties, third-party contracted expenses, and accounting fees.
Net loss was $3,133,174 and $1,850,374 for the three months ended March 31, 2019 and 2018, respectively, an increase to net loss of $1,282,800 or 69% increase in the net loss. The larger net loss the Company experienced in the quarter ended March 31, 2018 versus the same period in 2019 was primarily attributable to the unusual and infrequent loss recognized from fair value changes to the derivative liabilities and the increase in interest expense arising from the conversion of convertible notes payable that fully converted into common stock during the period which resulted in expensing the remaining debt discount in full.
On November 2, 2012, the Company executed a $1,500,000 unsecured line of credit agreement with CMA Investments, LLC, a related party and a Georgia limited liability company (the ‘CMA Note’). Three of the directors of the Company (‘CMA directors’) were initially the members of CMA. Pursuant to the terms of the CMA Note, interest is computed at LIBOR plus 5.25% (8.22% at March 31, 2019) on amounts drawn and fees. The weighted average interest rate in effect on the borrowings for the three months ended March 31, 2019 was 7.99%. There are no available borrowings under the CMA note at March 31, 2019.
During the year ended December 31, 2018, certain investors have guaranteed $100,000 each with Fidelity Bank to establish a $500,000 revolving line of credit. At the present time, the Company is paying interest only at a rate of 4.5% per annum, with a balloon payment of $500,000 due in 2033. The balance is $500,000 as of March 31, 2019.
From January 1, 2018 to February 9, 2018, the Company issued contingently convertible promissory notes (the ‘Notes’) for contract work performed by other entities in lieu of compensation and expense reimbursement in the amount of $195,635. The Notes are (i) unsecured, (ii) bear interest at an annual rate of five percent (5%) per annum from date of issuance, and (iii) are convertible at the Company’s option post April 19, 2018. The Notes mature one year from issuance but may be extended one (1) additional year by the Company. If converted, the Notes plus accrued interest are convertible into shares of the Company’s common stock at the prior twenty (20) day average closing price with a 50% discount.
From January 1, 2018 and through the date of these financial statements, the Company has issued certain convertible and contingently convertible promissory notes in varying amounts, in the aggregate of $710,000. The face amount of the notes represents the amount due at maturity along with the accrued interest, at which time that amount may be converted into shares of the Company stock based on the lowest 2 day closing price for the trailing 20 days prior to conversion and carrying a 35% discount. The contingently convertible notes provide for interest to accrue at an interest rate equal to 12% per annum or the maximum rate permitted under applicable law after the occurrence of any event of default as provided in the notes. At any time after 180 days from the issue date, the holder, at its option, may convert the outstanding principal balance and accrued interest into shares of common stock of the Company. The initial conversion price for the principal and interest in connection with voluntary conversions by a holder of the convertible notes ranges from $0.05 to $0.10 per share, subject to adjustment as provided therein. The total outstanding balance of the contingent convertible notes were converted as of March 31, 2019. They we converted into into approximately 303 million shares of the Company’s common stock. Based on the variable conversion price, the Company recorded initial derivative liabilities of $465,905. The remaining balance of $235,085 as of December 31, 2018 was reduced to zero after a change in fair value of $1,044,250 and a decrease of $1,279,335 upon the date all notes became were converted.
Peak One Opportunity Fund is entitled to convert the note into common stock at a price equal to 65% of the lowest traded price for the twenty trading days immediately preceding the date of the date of conversion. The Company has the option to redeem the note at varying prices based upon the redemption date. As of March 31, 2019, the entire balance has been converted into shares of common stock.
Crown Bridge Partners is entitled to convert the note into common stock at a price equal to 65% of the average of the two lowest traded prices for the twenty-five trading days immediately preceding the date of the date of conversion.
https://investtribune.com/vystar-corp-filed-10-q/
VYST
VYSTAR : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
https://www.marketscreener.com/VYSTAR-CORP-6115065/news/VYSTAR-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-RESULTS-OF-OPERATIONS-form-28604747/
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...all those that sold between .0375 - .0410 trying to flip for more shares. the engines are truly warming up and gettin ready for launch now. tic toc
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These twitter updates are awesome, I don't care what anybody else says. 1st the phone calls were not good enough then the emails were also not good enough and now the company twitter is flowing with great updates that we otherwise would not get. This is bigger than any OTC play that I and probably most of you as well to have come across. Vystar Corp will deliver and a little patience will be rewarded.
https://twitter.com/VystarCompany
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Some Vystar and Rotmans videos to pass the time with...I saved the best for last, enjoy:
95% of the work on the Q is completed so we plan to release our 10Q timely, then a combined 10K
Given Rotmans consolidation & resulting Vystar year-end change to April 30, we were unsure if a Q1 filing was necessary. Companies historically release an 8K with financials only. 95% of the work on the Q is completed so we plan to release our 10Q timely, then a combined 10K.
— Vystar Corporation (@VystarCompany) May 8, 2019
Measles Outbreak in 13 States
https://abcnews.go.com/WNT/video/measles-outbreak-13-states-23462744?tab=9482931§ion=4765066
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The RX3000 will be made in Worcester MA at our Facility, using Veteran Labor. Parts have been ordered and are en-route to us. We are proud to be manufacturing in the USA. In addition, we will also be manufacturing our own filters. This will also resolve any Tariff issues.
— Vystar Corporation (@VystarCompany) May 13, 2019
HMB, the Rotmans are such a big scam it spans multiple generations...they go as far as producing commercials to back up their elaborate scheme. LMFAO!!!
catalysts are coming beginning this week! get on or get left behind.
VYST
Come Meet Your New Furniture At Rotmans
What's in Store - Rotmans Furniture & Carpet Store
Awesome Video of Rotmans - Rotmans Furniture is a family owned business in Worcester, MA.
Rotmans - Hobbs gets in local TV ad
Behind-the-scenes look at the making of the commercial:
https://www.telegram.com/assets/static/video/2007/rotmansEllis/index.html
https://www.telegram.com/article/20070927/COLUMN08/709270576
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Rotmans: Locally Owned - Locally Grown
Rotmans - It's Fantastic!
Retailers Receive Excellence Awards At FurnitureDealer.Net User Conference
https://www.furninfo.com/Furniture%20Industry%20News/5255
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Community Service Pays Off At Rotmans
https://www.furninfo.com/furniture-world-archives/3785
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Rotmans Furniture and Carpet To Be Featured On Extreme Makeover: Home Edition
https://www.furninfo.com/Furniture%20World%20Archives/8516
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Vitality Magazine - Bernie Rotman – He’s Faaaaantastic!
http://thevitalitymag.com/bernie-rotman-he%E2%80%99s-faaaaantastic
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Rotman's chairman chosen for state retail task force
http://www.wbjournal.com/article/20170914/NEWS01/170919952/rotmans-chairman-chosen-for-state-retail-task-force
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"As promised first RXAIR distributor deal closed today with 100+ units 200%+ markup, purchased & paid for. Vystar has ample stock remaining for retail & distributor sales. Additional container orders will be placed shortly. Tariffs remain unchanged for medical devices."
...is Greg referring to this company in China regarding the tariffs?
click on the product bullet, they have a really awesome RxAir information page or click here:
http://ivega.cc/default/product.html
Vystar is on the move, get on or get left behind!
VYST
RxAir distributor in China
http://ivega.cc/default/about.html
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