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.
Does anyone know who the resident expert on this company is here on this board?
The value in the furniture company can be realized in a reorganization, and the play would be, as you mention, to take it private.
The spin-off is a waste of time and any company that would merge with VYST would, more than likely, just be another failing company looking for a miracle.
Also note, on the spin-off there has to be an audit and registration. They are not likely to get through either - nor is Greg likely to want to pay for it.
There is value here, the furniture store has value; when properly capitalized as a stand-alone. It just seems that management is too busy, with what is known only to them, to release that value.
If they were to actually do the things they said they were going to do the value would be released. I'm going to go out on a limb and say they don't have the money to actually execute the spin-off - or they can't get through the audit. Neither one of these bodes well for the shareholders.
Shareholder Conference Call -
Medifirst Shareholder -
You may or may not be aware that I took over as CEO of Medifirst a few months after the previous CEO, Bruce Schoengood, was convicted.
My first task was to bring the company current with its SEC reporting; this proved to be very daunting.
Among the myriad challenges was the fact that the company needed to restate its financials for a number of periods. In order to do this, we needed access to the banking records; which Mr. Schoengood refused to provide.
Therefore, as you are no doubt aware, the company is no longer a public company.
Nevertheless, next week, we will be scheduling a conference call to discuss the company, the events that brought it to where it is today, and the future of the company.
If you are interested, you should be on the lookout for notice of the date and time of the conference call.
I look forward to meeting you.
Jonathan
I understand there is a pan in place, they issued the press release on February 23rd.
You remember:
“We have more changes afoot to increase shareholder value now at Vystar than ever in our history,” stated Rotman.
Don't you think it's interesting how quickly they put out a press release announcing the move to the QB - to attract investors - but don't address when things are adverse?
This is the problem in this space - a situation that guys like Greg take full advantage of. No one holds them accountable.
Greg needs to make something happen very soon - he also needs to file the K today.
Steve Rotman said, "moving up to the OTCQB is a stepping stone for Vystar to move up to the OTCQX in the near future and then to a major exchange...".
If "moving up" was a stepping stone..., moving down is a stepping stone to where?
This is Steve's full quote about "moving up" to the OTCQB:
“Moving up to the OTCQB is a stepping stone for Vystar to move up to the OTCQX in the near future and then to a major exchange,” stated Steve Rotman, Vystar CEO. “The OTCQB requires increased reporting standards and provides increased transparency and visibility of our trade data, news and disclosures to the investment community, while offering convenient trading with real-time quotes through more broker dealers. In a nutshell, we’re gaining exposure to a higher tier of investors and the potential to further enhance liquidity.”
HA! We could possibly see something like that. As you know companies run by penny stock hucksters do this as routine.
They announce that they are moving into the market that is hot in the news; cannabis, cryptocurrencies, COVID solutions, blockchain, etc. They also announce buy-backs, spin-offs and acquisitions that never materialize.
I haven't seen a new trick in many years - it's all so transparent.
The OTCQB has a maintenance standard of $0.01 (see below). The last time this stock was $0.01 was February 23rd? What do you think happens now? Do you think we should expect a press release, with some "good news" to entice some buyers?
Note that it hasn't CLOSED at, or over, $0.01 since December 10, 2021.
OTCQB Standard For Continued Elegibility: BID PRICE - The Company must maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar days.