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I’ve moved away since then. Kinfolk all in the area. Friends in Houston are beginning to get stranded.
Rough deal for sure.
Boot, I’m from the southeast corner of Texas. The rain from this storm has the entire I-10 corridor from east Houston to Louisiana shut down because it’s impassable. Those rice fields from Anahuac to Winnie have the roads flooded over. Family back in the area were fortunate.
GL to you as well!
Yessir. 45k, got some other monetary commitments end of this month and mid next two months but gonna try and scoop as much as I can.
I honestly can’t see much downside risk here and what is present is rather minimal.
They’re supposed to be receiving their loan proposals this month and hosting the Chinese construction investors early to mid next month. So your two months looks accurate. I think it’s fast approaching.
If things don’t work out and I can’t load more, I’m quite alright with 45k.
Speaking of the Chinese, they’re shifting to lesser emissions which means more demand for super premium product. Therefore premiums could go significantly higher for Black irons product.
I see ~$3-5 pps within a year after production starts ($.50-1.50 after they announce construction starts) and potentially double digit dollars in the following years if they aren’t acquired by a large mining company looking to diversify their portfolio. These execs, albeit a small team, I suspect have plenty of connections industry wide.
Short answer: no, not quite in Designated OZ.
Naval commented this a little while ago-
“We are launching the funds this month and next, with millions lined up and goals for 50mm in each by end of year. Right now, CTDT is actually not in an Opportunity Zone, Alvins Office is literally surrounding on three sides by the zone, so that's unfortunate. But we can invest up to 10% into non-OZ's, so Centuarus can get funding.”
He also said yesterday that he will be meeting with Chas in Oregon “later this week” (maybe next week, I don’t know for sure) about setting up the OZ funding.
So my question to you Gitreal is still:
Do you consider even 10% of maybe 50MM ($5MM) legitimate funding knowing they need, what was it, $3MM (from recent 10Q pg 4) to implement their business plan.
That business plan being bringing the Magnatek technology into full production.
Do you consider 10% of the opportunity zone funding a legitimate source of funding? Or no, honest question.
Just thinking the same thing KK
Gotcha, I’ll look into those. Thanks MTL!
I’ve been trying to research about converting common shares to preferred shares to reduce OS and can’t seem to find any instances of it, other than convertible preferred shares (which convert to common). Also comes up as R/S even though that’s completely different than what this is.
Does anyone have a link to a source for this being valid and the “process” they go through to accomplish it?
Or even an example of a company who has successfully done this in the past.
TIA and GLTA
Reminder that of the ~214 million OS, the float is ~30 million. A feather could move this.
Could be another typo VC!
“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”
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
— Vystar Corporation (@VystarCompany) August 26, 2019
Still seems rather encouraging that bid is creeping up. Ask seems thin. Not complaining!
Looking back at the OTCQB Certification on the OTC market page from January 2019, the certification states they only had 96 as of 12-21-18 yet they were still uplisted?
That is correct Cuenca. Page 8 of 10K, 10K/A.
“HOLDERS
As of March 31, 2019, the Company had 214,327,623 shares of our common stock issued and outstanding held by approximately 48 holders of record.”
Key here is getting the chill lifted and that cloud will remain until they figure out a source of revenue and show it.
They were targeting Q3/Q4 for finishing the magnatek measurements so if that’s still on track, should be a plus!
Still remaining hopeful.
The collaboration with Apache Mill Tailings was announced in May 2019 thus it wouldn’t be covered in filings for the year ending March 2019.
Correct?
You’re not wrong there.
Dang VC, wish you still had hope here. Hope you still believe in VYST!
Yes i know this system is much more cost effective.
All I’m saying is a 3-4+ billion dollar buyout would be wonderful by whichever BP company wants it. Whether it’s Merck, Sanofi, AstraZeneca, Roche, etc. Can always dream.
That’d be swell.
Hope you’re wrong and it’s a $40 pps (~3.5-4B MC)! We can all dream.
Per VYST Twitter-
Vystar tweeted:
“Since the acquisition 21 days ago, Rotmans added $2,327,113.40 revenue to Vystar includes last weeks total $825,194,34. I may update again for Saturday and Sunday on Monday as this is MA Tax-free weekend, a large sale's event for us and worth separating. $VYST”
To which someone replied:
“To me the acquisition is void until the consolidated financials are released. That point in time is the defining moment @VystarCompany numbers are then combined with @Rotmans and solidified the deal. Correct me if I’m wrong but just saying this tweet is #hypothetical
$VYST”
Vystar then responded:
“I am happy to correct you, Rotmans is part of Vystar as of July 18th, which includes the revenues, nothing hypothetical about it.”
SUBNOTE:
Another reply regarded any updates on EMA case to which Vystar replied-
“There has been no change in the EMA case since May, still waiting on the judge. I checked 29 seconds ago. $VYST”
Cheers.
Sorry, I don’t have the ability to private reply to your pm.
Just wanted clarification if weekends were included in the 5 days or not.
Thanks for the note. I appreciate it!
Hopefully they purposefully filed the extension in order to release fins on a Monday when the market opens rather than the tail end of the week.
Cheers.
Can someone please add clarity, I don’t know if this has been answered or not.
The NT- 10K says in Part III Narrative:
“The Company currently expects to file the Quarterly Report within the 5 calendar day extension period provided by Rule 12b-25”.
Does that 5 day period beginning today mean 5 days (INCLUDING WEEKENDS) from time of posting- Monday @ close of business to show up Monday or Tuesday depending on the EDGAR system
OR
Does that mean 5 days (EXCLUDING WEEKENDS) meaning Wednesday or Thursday depending on EDGAR
As I’ve heard it may take multiple hours to show up on the site.
Thanks in advance.
Once funds clear im doubling to 50k shares. I’ll be happy with that. May push up more come January bonus time if the price is still depressed (highly doubtful).
I agree i think 50 cents here maybe by year end when funding is secured. $1-2 upon start of construction. 3-5+ after a few quarters of production.
I am hesitant that they may dilute more depending on the debt financing so that is a drawback.
I’m in it for the long haul. I don’t buy any stock looking for a short term flip. In for at least a year (unless it blows up and i will pull out my initial investment and small profit).
I definitely think by year end next year we are in dollars and potentially uplisting to a better US exchange like the Canadian pot stocks did- Aurora Cannabis and Canopy growth. Dual listed on the OTC and TSX then got uplisted from OTC to NYSE.
As far as the word getting out, no not quite just let!
Let’s finish loading!
I was watching it fall amidst the recent uncertainty in the market and decided to wait. Looked and it was sub 6 so i pulled the trigger.
Significantly favorable risk/reward profile here. Enterprise value of $9 million??? That screams buy in my opinion. As the research report stated, this should be 50-60 cents US pps. Upon completion of construction this should trade about $385 million market cap (1x estimated ebitda). At ~180 million shares equals ~ $2 US pps.
As production commences, could/should fetch a 4-6x ebitda multiple which puts it closer to a $10 pps. That’s with just one year of production and only phase I (4Mt per annum).
I was looking at emailing last night, but saw the press release.
Full disclosure: been watching this for a few weeks but finally took a position yesterday AM with 25k shares at .056-.058 average. Waiting on funds to clear.
Definitely liked the news they put out and said they should have some financing offers coming in “at end of August” as well as hosting the Chinese construction investors in September on site.
So you are correct Fullyblown, exciting times very soon!
Analyst research report:
http://blackiron.com/wp-content/uploads/2019/05/201905-Tormont50-initiation-on-BKI.pdf
Speaks highly to the opportunity here.
Just curious, what makes you think some major news is coming next month?
Great news, no?
Seems like such a golden opportunity to get in before more news drops about securing financing or beginning construction.
At minimum 10x at these prices.
Thanks for the insight Chris!
I could see them potentially releasing with the next “earnings”/corporate update since 2Q is closed.
CH, have you tried emailing naval? He responded to me and a few others who have tried to contact him.
Hopefully hasn’t came out yet due to pairing with a bigger announcement! *fingers crossed, anxiously waiting*
Very well, I’ll respect your position on the matter.
Thanks for the insights.
Best of luck in your other ventures.
I think you misunderstand. I’ll try and better explain my point. Please bear with the length because I feel outlining the background is necessary.
Background:
1. Apache Mill Tailings and Centaurus entered into a venture together whereby Apache is the main operator on the project. Apache gets 98% of any revenue generated in the venture. CTDT gets 2% of the revenue and any gems found, IF ANYTHING AT ALL.
2. There was a known promoter that announced this basically forcing CTDT to put out their announcement. CTDT had no intention of putting that release out at the time they did from what others have said in prior messages.
Note: In my correspondence with Chris, he mentioned that “ it was an opportunity Chas saw and took”
3. CTDT is under a DTC Chill. It was mentioned that this Chill can’t be lifted until revenues are shown on the company’s part. As they are currently a R&D company, they have no revenues to report, but they are working on getting their commercial operations underway. Once this happens they can realize revenues from their primary focused business which is centered around using a patented technology to manufacture man-made diamonds for potential use in jewelry, industrial applications, and the semiconductor industry.
This Apache venture is therefore an opportunity for a potential secondary revenue stream to satisfy the DTC until the main business gets operational. That’s it.
With that said, my point in prior message:
CTDT does not manage any of the operations at the “mine”, with the tailings, or anything in Chloride. That is all on Apache. CTDT simply has a passive interest.
I have no interest in anything regarding the company Apache Mill Tailings which is what I meant before. If Centaurus announces that this project did indeed bring them revenue, that is the only thing i have interest in regards to this specific project.
Concurrently, I do have interest in anything Centaurus puts out related to their core business plans and operations, filing updates, company updates, etc.
Finally, forgive me if this is too direct, but from all I have seen, your posts are concentrated on the validity, or invalidity thereof, of Apache’s Chloride project. Nothing about Centaurus other than them being associated with it. You’re entitled to your opinions and I can’t stop you from posting on here, nor do I have any intention of doing so. I applaud your knowledge of the prior ventures there in the area and the regulatory hurdles associated with handling of materials. I’m simply asking you/encouraging you to reach out to Chris to verify your facts and opinions on the matter specifically about why they are doing it even if it’s invalid from a regulatory perspective and to clear up any cloudy details. There’s always two sides of a fence and from where I stand you are looking from one way, CTDT is looking from another. Again my apologies if you find that offensive in any way.
If you refuse to take the initiative to reach out, I’ll gladly forward specific questions to Chris on your behalf if you post them as a reply.