Vystar Corp (VYST)

[doogdilinger]

That frivolous EMA lawsuit has absolutely nothing to do with VYST's share repurchase program whatsoever!

As I just explained in my other post to you...I've been saying all along that the reason we can most logically concur that VYST is going to be paying off the last 2 remaining convertible notes is because they're committed to their share repurchase program...so if they have the funds necessary to initiate their buyback program(as they clearly do, otherwise they wouldn't have PR'd it)...then logic strongly suggests that they also have the funds necessary to pay off both remaining convertible notes exactly as they just paid off last months $105K note, and exactly as they alluded they would be doing in the Jan 15th buyback PR.

In fact their Jan 15th PR clearly states that they'll definitely be paying off the $100K April note prior to maturity and that they likely will pay off tomorrows $50K convertible note despite the significant prepayment penalty!

But make no mistake about it...there's no such rule out there that says VYST or any other PubCo can't buyback shares until ALL their convertible notes are paid off!

Logic simply strongly suggests that if any PubCo has enough monies to buyback stock on the open market...then they most likely have enough common sense to buy out convertible notes prior to allowing them to convert...because buybacks by their very nature are meant to improve the shareholder valuation metrics...and it doesn't make any sense for any PubCo to be allowing notes to be diluted out the back door while simultaneously engaging in a buyback!