Vystar Corp (VYST)

[pepeoil]

Hey bruh, the irs is looking. The IRS frowns upon such activity. Section 382 of the Internal Revenue Code states that if a "change in ownership" occurs the NOL will subject to annual limitations. I won't discuss all of the details of the annual limitations as that would get complicated, but the short story is the limitations would significantly reduce the NOL value. A change in ownership occurs if one or more "5% shareholders" increase their ownership in the company by more than 50 percentage points over a three-year testing period. For instance, if a 10% shareholder increased his position in the Company to 70% (a 60 percentage point increase), the NOL would be subject to annual limitations.