Not a pump and dump... Nope, current trading in VYST is Dump and Pump.
History lesson: VYST used to have two business's. 1. Sleep clinic 2. Latex
Years of insiders purchasing stock, a great thing!
Sold the clinic and concentrated on latex.
SEC filings show almost zero revenue yet the expected losses, mounting losses.
Rodham comes along. Mattress. Condoms. Clear balloons. Once they even had a video shown to the public!
Insiders still buying but not like a few years ago.
Stop price was steady and very, very little volume traded. Many days, not one trade.
THEN, the saviors arrive! A new CEO! Wow! Doyle resigned and let the new management in place to start showing some real 'progress'.
Now, look at where VYST is. A stock price that plunged to the bloodies waters the penny sharks love to feast and swim in.
Tons more blogging and posting. Huge volume of shares traded. NEW shares, freshly minted. And wait, there's more! The management gets the right to reverse split AND issue millions upon millions of shares! WhooWho!
Talk of "look at how good this company is!" "The CEO is a financial god!" "Insider buying!"
Today it was fun to watch the sharks rip the money/flesh from those dreamers who are gambling on the .0001 moves, which at this level of pricing, 100% moves in price are very doable.
I would bet a lot that most 'traders' currently are just that, trading quickly in and out. Probably very few are betting on company fundemenatals or long-term investment (except some sharks who have 'free' shares now. They'll just let it all play out)
I applaud those current sharks. Heck, one of them even PM'ed me to tell me how VYST was going AND also show me a few of his other bloodied waters to entice my greed... HA! That's how sharks work.
In the end it is all about money. So go for it sharks. See who eats who before VYST steadies out and shows the investment world just how bloody the stock market ocean can be.And to the winners go the spoils.
