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Thursday, March 07, 2019 1:21:24 PM
Davidson, there was no shareholder proxy vote necessary for VYST to acquire Rotmans, and we're now simply waiting on the official VYST acquisition of Rotman's transaction closing terms filing with the SEC to arrive literally any day now since "most" of the Rotmans 2+ year audit is almost complete!
That section you copied/pasted/referenced was 1st disclosed in the subsequent events section of VYST's last quarterly fins filed back on nov 19th, 2018 ok.
And ever since that date a PCAOB registered auditing firm has been working on the full 2+ year Rotman's audit for inclusion in the Super 8K filing that will soon follow the official Rotmans acquisition 8K ok!
So we're basically awaiting 2 final official Rotmans acquisition steps as follows>>>
Step 1: Pending Sec 8k filing announcing the official Rotman's acquisition closing transaction terms!
Step 2: A follow up "super" 8k filing of the official Rotman's fully audited financials within 75 days of the fast approaching Rotman's acquisition closing transaction terms filing noted in step 1 above!
And Greg Rotman has repeatedly told everyone who's enquired over the past few weeks, that the PCAOB auditors would be completing "most" of the required 2+ year full Rotmans audit prior to VYST filing the official Rotmans acquisition closing terms with the SEC...so that VYST would then be in the advantageous/favorable position of easily following up the pending official Rotmans acquisition filing with the required Super 8k filing that follows, well within the SEC's allowable 75 day timeframe to do so!
Furthermore, full integration of Rotmans/VYST has already been occurring behind the scenes with all of Vytec's products shipped from Georgia to Rotmans Massachusetts warehousing already...and Rotmans hiring back the retired Rotmans operations manager on a contract basis only, to assist and help facilitate the full integration already underway behind the scenes as we await the pending official Rotmans acquisition news!
Because Rotmans turns over approx. $8M worth of product inventory each and every quarter the full Rotmans audit is a very daunting task...and VYST isn't risking any part of the pending official Rotmans acquisition by rushing the official SEC filing disclosing the Rotmans acquisition transaction closing terms, or the Super 8k fully audited Rotmans fins that follow.
And there's also a multitude of other financial auditing maneuvers directly ahead...including the filing of VYST's own fully audited fiscal year end 10K fins for calendar year 2018 expected by/b4 April 15th...immediately followed by VYST doing a brand new set of fiscal year end 10K fully audited financials changing the VYST fiscal year end from Dec 31st to April 30th, so that all the companies underneath the VYST umbrella can be on the exact same fiscal year end prior to VYST then up listing from the QB to the QX exchange by sometime in the late June or early July timeframe.
And finally it bears noting that VYST has already disclosed that they intend to file for an official name change with FINRA from Vystar to Vytec as well as up list to the QB exchange...but full SEC Reporting OTC Company's can't up list onto the QB exchange during mergers/acquisitions awaiting official closing...so logic strongly suggests that VYST is simply waiting to file the official Rotmans acquisition 8k, and then they will immediately file for the name change and up list to the QB directly after glty
That section you copied/pasted/referenced was 1st disclosed in the subsequent events section of VYST's last quarterly fins filed back on nov 19th, 2018 ok.
And ever since that date a PCAOB registered auditing firm has been working on the full 2+ year Rotman's audit for inclusion in the Super 8K filing that will soon follow the official Rotmans acquisition 8K ok!
So we're basically awaiting 2 final official Rotmans acquisition steps as follows>>>
Step 1: Pending Sec 8k filing announcing the official Rotman's acquisition closing transaction terms!
Step 2: A follow up "super" 8k filing of the official Rotman's fully audited financials within 75 days of the fast approaching Rotman's acquisition closing transaction terms filing noted in step 1 above!
And Greg Rotman has repeatedly told everyone who's enquired over the past few weeks, that the PCAOB auditors would be completing "most" of the required 2+ year full Rotmans audit prior to VYST filing the official Rotmans acquisition closing terms with the SEC...so that VYST would then be in the advantageous/favorable position of easily following up the pending official Rotmans acquisition filing with the required Super 8k filing that follows, well within the SEC's allowable 75 day timeframe to do so!
Furthermore, full integration of Rotmans/VYST has already been occurring behind the scenes with all of Vytec's products shipped from Georgia to Rotmans Massachusetts warehousing already...and Rotmans hiring back the retired Rotmans operations manager on a contract basis only, to assist and help facilitate the full integration already underway behind the scenes as we await the pending official Rotmans acquisition news!
Because Rotmans turns over approx. $8M worth of product inventory each and every quarter the full Rotmans audit is a very daunting task...and VYST isn't risking any part of the pending official Rotmans acquisition by rushing the official SEC filing disclosing the Rotmans acquisition transaction closing terms, or the Super 8k fully audited Rotmans fins that follow.
And there's also a multitude of other financial auditing maneuvers directly ahead...including the filing of VYST's own fully audited fiscal year end 10K fins for calendar year 2018 expected by/b4 April 15th...immediately followed by VYST doing a brand new set of fiscal year end 10K fully audited financials changing the VYST fiscal year end from Dec 31st to April 30th, so that all the companies underneath the VYST umbrella can be on the exact same fiscal year end prior to VYST then up listing from the QB to the QX exchange by sometime in the late June or early July timeframe.
And finally it bears noting that VYST has already disclosed that they intend to file for an official name change with FINRA from Vystar to Vytec as well as up list to the QB exchange...but full SEC Reporting OTC Company's can't up list onto the QB exchange during mergers/acquisitions awaiting official closing...so logic strongly suggests that VYST is simply waiting to file the official Rotmans acquisition 8k, and then they will immediately file for the name change and up list to the QB directly after glty
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