Friday, January 18, 2019 7:22:06 AM
They dump stock, not buy it back...
Not only that HB, but if the company tries to buy back 250,000,000 shares at say 1 cent, that would cost them 2.5 MILLION DOLLARS. If they tried to buy them back at 2 cents, that would cost them 5 MILLION DOLLARS. And so on....
And yet in the same PR, they talk about having to pay off 2 notes totalling a mere $150 THOUSAND DOLLARS.
LOL!!!
So how is a company going to buy back 250,000,000 shares at say 2.5 MILLION DOLLARS if the share price stays at one cent, when they can't even pay off two notes totalling a mere $150 THOUSAND DOLLARS???
You can't make this stuff up. It's right there in the company's PR from from Tuesday:
https://globenewswire.com/news-release/2019/01/15/1691651/0/en/Vystar-Update-on-Convertible-Debt-Stock-Buyback-of-Up-to-250-Million-Shares.html
This is a classic pump and dump and it will only get worse for shareholders.
$VYST
BUYER BEWARE
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