Summary of call with Greg Rotman last night
So Greg called me about 10:30pm central. we spoke for about an hour. He is everything that others who have spoke with him have said he is. Fun, intelligent, nice and excited. Talks a lot.
Rotman's is funding the buyback. It has not started yet, said should be next week. It will continue for awhile, no time limit, no PPS preference. They will get what they can. He said he saw a few form 4s across his desk recently. I told him that I could not find them and he went to show me where they were on SEC.gov and he was surprised they had not posted yet. He didn't seem at all concerned about it. These form 4s were just insiders buying but not part of the buyback program.
The acquisition is legit. Rotmans will be a stepping stone for growth. They do around $35 million a year in revenue at about 20% profit margin. The company is private, you won't find any public information about their revenues until the 8k is filed with audited financials.
He is very excited about RxAir and Fluid Energy Conversion. Bayer is testing an inhaler using the FEC tech and RxAir is in 400 hospitals already. He said that Steve is hoarding the RxAir units because they are in high demand and wants them so he can continue to fill other orders until they get their next shipment in.
We talked a little about Wayfair and them having to setup rooms so they can take pictures of products.
Someone here said the TA is gagged. He was not aware of that and said he would like into it. I told him that it was just something that I heard here.
I told him that I don't like the idea of a reverse split and explained the difference in my gains but we both agreed that if there was PPS growth from post-RS it would still be very lucrative. It seemed to me that it was entirely for PPS purposes to uplist to NASDAQ later this year. I told him it was be nice if the PPS got there on it's own and it would no longer be needed and he agreed. So if the market does not want to see an RS, we need to lock the float up and soak up everthing we can to show the Rotmans that it's unnecessary. It's my personal desire to ride a .01 stock to dollars without a RS. That would be epic.
Anyone who has questions or doubts, please call him. One thing is for sure I will be adding at any PPS I can and holding onto them with a kung-fu grip for a long time. this is going to be fun.
$VYST
