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Re: Don Quixote post# 4671

Thursday, 01/17/2019 10:13:03 AM

Thursday, January 17, 2019 10:13:03 AM

Post# of 164168
Looks like they bought back 1 note and plan on buying back these last 2 VYST notes also. Thus NO DILUTION! And also there is about to be NO DEBT! VYST DEBT FREE!
Vystar paid off the remaining outstanding Peak One convertible note, due January 22, 2019 for $105,000 in cash on December 19th, 2019. Currently two notes with face values of $50,000 and $100,000 remain. The $50,000 note can convert no earlier than February 22, 2019. Vystar has the option to pay off that note with a substantial prepayment penalty or buy it back in the market. Vystar will determine which option is more accretive to the Company prior to February 22. The $100,000 note does not allow conversion before April 2019. It is Vystar’s intention to pay off that note given the minimal prepayment penalty. This will complete the pay off of all of Vystar’s convertible debt.
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