Thursday, January 31, 2019 11:18:42 AM
This is a huge reminder and important to note is that myself and others were informed that the Rotmans Furniture store acquisition price is $4 million that will be bought with cash and stock and that they already have the cash.
Also, the restricted stock that will be used to go towards the acquiring of Rotmans will only convert at much higher prices post NASDAQ. This means that a minimum of $4.00 per share will be the baseline price for restricted shares to consummate the acquisition. This means that the acquisition will be a lot less dilutive than the norm that's seen throughout the market. I was informed that they have decided to do the transaction as such because they wanted to be overly fair, especially since the Insiders own a huge portion of the Outstanding Shares (OS).
Within the PR below, pay close attention to where it says... CMA Investments, LLC and its guarantors accepted 15M shares of restricted Vystar common stock as payment for the principal and interest on the decade-old loan.
This is a huge show of confidence that leads me to think that they believe that such 15 Million shares are considered at a discount to where they still would make money off of their shares for knowing what is coming. Think about it...
$1,500,000 Debt ÷ 15,000,000 Restricted Shares = .10 Per Share
This means that they were willing to accept 15,000,000 of VYST Restricted Shares at .10 per share to pay off $1.5 Million in Debt. Maybe it's me, but this leads me to believe that whatever they learned to accept such a payoff in VYST Restricted Shares, is going to take the price far higher than .10 per share. Read the PR below:
v/r
Sterling
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