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Friday, January 25, 2019 10:25:16 AM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146273730
"I spoke to Greg Rotman for 38 minutes tonight. Rotman's Furniture is actually Murida d/b/a Rotman's (Murida is Murry and Ida, the CEO and his wife). Rotman's is a huge store with $35M+ in revenue annually as we all know. The share buyback will commence next week and will be done through Schwab, they want to hit the 250M share mark but it will be dependant on price per share. Greg Rotman's father (the CEO of both companies) wants to own as much of VYST as humanly possible, however, he had to pre-announce the buyback or had he just bought shares it would be a crime (taking advantage of a corporate opportunity w/ insider information). They anticipate placing Murida d/b/a Rotman's into VYST in February. The reason for the wait is that they have accountants working on the 3 years of audited financials (Rotman's) necessary to do the transaction. As far as the Vytex brand is concerned, their material is already in use by King Coil and Gold Bond Mattresses. They also want to manufacture sofas and other furniture w/ Vytex and are seeking a partnership with Wayfair which has its base of operations nearby. Mr. Rotman was very excited about the "Fluid Energy Conversion" piece because it is technology that can be used to save energy in air purifiers as well as water filtration. One very interesting use for the "Fluid Energy Conversion" technology is for inhalers (as in medicine) because it gives a perfect dose and there is little to no waste. He stated to me that Bayer is testing it currently. Morgan Stanley is currently advising VYST and the Rotmans with regard to uplisting to Nasdaq. The hope is to uplist without an RS, however, no RS will be authorized at less than .50 PPS. In my opinion, the Rotman's are leveraging the furniture store in order to create a $1B+ company and I am not selling. If there is a dip I will add more."
Recent VYST News
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