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Monday, March 11, 2019 7:46:27 AM
Hi Nick,
There are no more motions or documents allowed to be presented before or during the hearings next week. This is federal court so every strict, especially this judge, you get one shot and you have to live with what you file.
The first part of the case is about the injunctive action. In this case EMA is asking the judge to force us to give them approximately 26 million shares. That consists of the first conversion we denied of 20,500,000 shares Jan 15, 2019 and their corrected conversion notice of of the Jan 15, 2019 conversion request of 6.2 million shares dated Feb 5, 2019.
The next issue after that at this hearing is Vystar, has asked the court to preserve its right to move forward with a case against EMA to recover the shares we believe we are owed and damages against multiple parties, one of which is EMA.
This has no effect on the consolidation (what you call a merger). It's unlikely we will file anything prior to litigation in terms of an 8K or press. My sense is this could prejudice our case and would be a mistake. It's also going to be a public ruling so it will be available in short order next week to all.
We were also pretty excited about the patent it was a long hard multi-year's battle to get it.
Let me know if you want to chat, I have a little time this AM but then I am off to an investor meeting.
Thanks
Greg
Forward-looking Statements: Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of VYST officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VYST actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and VYST has no specific intention to update these statements.
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Link To all VYST (Vystar) Filings
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001308027&type=&dateb=&owner=include&count=40
____________________________________________________________________________
On Mar 10, 2019, at 7:54 AM, Nick Lund <nicklund21@gmail.com> wrote:
Still awaiting a response.
On Tue, Mar 5, 2019, 9:39 AM Nick Lund <nicklund21@gmail.com> wrote:
Greg,
Just wondering if I understand this clearly. EMA needs to refile by Friday? If they do not, what happens to the lawsuit? Is the lawsuit a reason for the delay in merger/8k? Will shareholders be updated in a PR about anything involving the lawsuit? Anything we can expect as loyal shareholders this week?
Also congrats on the patent! That is huge!
Thanks for your time,
Nick
Show Quoted Content
On Mar 10, 2019, at 7:54 AM, Nick Lund <nicklund21@gmail.com> wrote:
Still awaiting a response.
On Tue, Mar 5, 2019, 9:39 AM Nick Lund <nicklund21@gmail.com> wrote:
Greg,
Just wondering if I understand this clearly. EMA needs to refile by Friday? If they do not, what happens to the lawsuit? Is the lawsuit a reason for the delay in merger/8k? Will shareholders be updated in a PR about anything involving the lawsuit? Anything we can expect as loyal shareholders this week?
Also congrats on the patent! That is huge!
Thanks for your time,
Nick
Greg Rotman
blueoarinc@gmail.com
508-751-1622 Cell
617-750-2781 Cell
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