Update from a fellow VYST shareholder who had a 4 hour dinner meeting with Greg Rotman last night in Palm Springs.
-Greg Rotman was an extremely gracious host and very personable. He's also a very astute businessman and a heavyweight but who comes across in a very respectful way. He's passionate and very well connected and didn't spend any time trying to "pump" up VYST's oncoming next era of growth whatsoever. And Greg has no doubt about the strength of the next era of growth VYST is now in the process of entering!
-The 1st subject they covered was the pending release of the official Rotman's acquisition 8k. Greg was adamant that the PCAOB registered auditing firm has already completed the majority of their required work, and confirmed that they have been working on the full 2+ year Rotman's audit for 4 months already. Apparently Greg's father Steve, the CEO of VYST and Rotman's has a number of antiques & collectibles he displays for free in a museum in MA on the top floor of 1 of the buildings Rotman's owns. And that was a small example Greg used to show/explain how auditors can always seem to find small additional things that need to be considered in their full & extensive audits even though Steve Rotman doesn't charge any fees to allow the public to view all the items in the museum. But that's an example where the auditors needed to spend some time on their ongoing audit itemizing things. It was at this early stage of their convo that Greg confirmed that the Rotmans possess millions of dollars in assets that needed to be fully audited as part of the full Rotmans audit. So at least we have confirmation that the Rotmans 7 decade old multi-generational family biz does indeed possess millions of dollars in assets that will soon officially dramatically increase VYST's asset base, and greatly exceed the Nasdaq's minimum asset base threshold requirements! And to wrap up this point, Greg again acknowledged that the moment the PCAOB auditing firm advises them that they're approx. 30 days away from completing the full 2+ year Rotman's audit VYST is all set & ready to file the Rotman's acquisition 8k with the SEC...and this 8k will fully disclose and outline the entire transaction closing terms and details that prove how accretive and the least non-dilutive in nature VYST's acquisition of Rotman's will be!
-Greg then advised that VYST is also definitely going to be following through on their promise of up listing to the QB any day now too...and then the QX exchange change after that as the 1st 2 steps to their eventual Nasdaq up listing application in approx. 6 months.
-VYST's fiscal year end fully audited 10K earnings report is 100% on track to be released by/b4 April 1st. Greg says that the auditors have told VYST they're 100% on track to meet the April 1st deadline...and as long as the auditors don't come up with any reason to file a last minute 15 day extension which they're allowed to do...VYST is definitely planning on releasing their fully audited year end fins within the allowable 90 day timeframe from December 31st to do so. It was at this point that Greg said that he really doesn't like earnings Conference Calls on the OTC simply because they're usually not very well received. So even though VYST had been contemplating the pros and cons of possibly doing one...they now feel that releasing shareholder videos that begin to fully educate the market on their entire next era of growth is a much smarter move...and he was in NYC recently as he had already informed the market working on getting these shareholder videos rolling. So we should soon be seeing the VYST shareholder videos that begin fully educating the market on all of VYST's subsidiaries and the next cycle of growth VYST is beginning to propel through. Greg also said that VYST's had a strong Q4 and we will all be happy with their fiscal year end earnings report and the growth that's already starting to occur amongst the subsidiary companies already underneath VYST's umbrella.
-On the entire EMA subject, Greg said that they definitely needed to divert some attention/focus in going after EMA's wrong doing, and that VYST definitely will be filing a full countersuit and going after anyone who conspired with EMA's over conversions. VYST is totally confident in all their facts and evidence already provided and believe that they will definitely prevail and consider EMA a non-issue moving forward that will definitely be legally taken care of by all the VYST facts & evidence provided! Greg also said that it was due to the ongoing EMA saga that the new transfer agent had been gagged from the get go when VYST had to fire the former transfer agent who was allowing the illegal over conversions and hire a new t/a...but now that VYST is going to be up listing onto the QB exchange over the very near term horizon the full VYST Share Structure will be updated directly on OTC Markets by the new transfer agent on a weekly basis moving forward.
-Greg could not comment on the final $50K February 22nd maturity date note other than to say that they will be providing the market with clarity on that front soon and that he's pretty sure the market will view it favorably
-Greg also confirmed that immediately after VYST files their fully audited fiscal year end financials and announces the pending Rotman's acquisition 8k...that they will change VYST's fiscal year end from December 31st to April 30th and amalgamate the fully audited Rotmans fins with VYST's and are targeting sometime in July to have a new fully audited set of year end 10K fins released.
-Vytex is already being tested by a number of key companies, and they're also in extensive ongoing talks with several other key companies! Greg wishes he could disclose names but suffice to say the names are quite relevant and VYST is quite confident that the Vytex growth curve now underway is going to lead to significant progress being made and tangible results over the next couple of quarters!
-Their FEC subsidiary is also in R&D/testing already with a number of key names and VYST is quite confident that significant progress is going to soon be reflected from their Fluid Energy Conversion too!
-Their RxAir subsidiary is going into production on the new Rx3000 units in Q2 which starts on April 1st...and although he'd love to say more, right now the main point he wants shareholders to understand/recognize, is that VYST firmly believes that their RxAir division possesses the solution for the world-wide measles outbreak!
-Greg then went on to confirm that there's absolutely ZERO remaining convertible debt conversions or convertible debt financing coming PERIOD, END OF STORY! He was quite emphatic about that...and advised that now that VYST is entering their powerful next era of growth that they will only be seeking/obtaining friendly financing similar to the financing released in their recent PR!
-Greg views the pending official Rotmans acquisition 8k as the final key foundational building block that provides VYST with the leverage necessary to begin fully unleashing all their growth driving results en route over the next couple of quarters! He couldn't stress the importance of the final foundational building block Rotmans brings enough...as he says that Rotmans asset base and per annum revenue run rate immediately provide VYST with incredible leverage to begin propelling through their entire next era of significant growth and start immediately capitalizing on all the opportunities directly ahead. Greg says there will be lots of news flow coming over the entire course of the next 6 months that proves how integral the final key foundational Rotmans building block was to VYST's entire next cycle of growth!
-Greg also touched on the fact that VYST mgmt. knows how important it is that they begin ramping up their education of the market...and that they are definitely going to begin doing so. Greg said that they may consist of VYST re-activating their corporate twitter feed...but that we should understand that they're on top of that entire aspect...and that we will soon be blown away impressed with their level of market education in a wide range of multi-media outlets!
-VYST is negotiating for several lucrative projects with big recognizable names on a number of significant fronts...and he wants the market to understand that Vytex is applicable in dozens upon dozens of products...many of which VYST hasn't yet started talking about and disclosing...but we can be rest assured they're coming! Some of the additional latex product example Greg mentioned were soles of shoes, clothing, latex bras, leggings and even pants. Catheters, gloves, condoms, balloons etc. They really have been making a great deal of progress behind the scenes on the Vytex front and will soon begin fully educating the market on all of it in the soon to be post official Rotmans acquisition era upon us!
-Another key area of growth Greg touched on was future potential accretive acquisitions! Greg says that VYST has enormous plans for growth and are following a blueprint that takes them all the way onto the Nasdaq...and we really haven't seen anything yet compared to all they have coming...and it all officially starts over the very near term horizon now that they have ALL their ducks in a row and have begun implementing their entire next era of growth from the blueprint they're following.
That's basically it folks...the VYST shareholder departed the meeting feeling more confident than he's ever been and realizing just how significant VYST's mgmt. team, directors and affiliate insiders really are...and the circles they're already running in...so for sure he believes that we're in more than good hands here...and the next 6 months is going to be extremely transformative in nature glta!
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