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Saturday, January 26, 2019 3:04:33 AM
stervc - Courtesy of War Shark, below is a very powerful post that was made after he spoke directly to VYST of which I have confirmed to be valid information that was provided below that I believe all should read and understand or better yet, call the company yourself to confirm:
Quote:
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 dependent 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.
v/r
Sterling
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