SEC filings are a great way... nay... a DEFINITIVE way... for an investor to truly see how a publicly traded company is doing.
In those filings there are such as quarterly financials, insider buying/selling, 10-k, 8-k. And with those filings, clarification over riding any opinion or speculation.
In the long history of VYST, it has shown many filings where insiders purchased shares without any sales. GREAT!
In many filings it showed the history of a latex glut and lower prices. Not so great, though those filings also showed the patented process VYST has regarding vytex, the allergy free latex.
In many filings it showed testing of products for many companies to include medical gloves, condoms, toys, and even a special mattress for Asian hospitals. Not bad.
In all financial filings, it shows almost zero revenue EXCEPT for when they had the sleep division that ended with a lawsuit and closure of the clinic.
Why mention what no one cares about now? Well, that's easy. The 10-k will be released. Maybe next week, maybe in three months, but it WILL be released, and when it isreleased... what will it show?
1. A lot, I mean a LOT of shares diluted and floating around out there.
2. Clarification on the new debt acquired and past debt retired.
3.It will give a management statement showing it's intentions with the new pieces of pie added to the company portfolio.
4. The financials will be presented and the facts will (probably) be. "Very little revenue compared to the cost of that revenue..."
In other words, the SEC filing will be boring, lackluster, and for me, just another confirmation of a company with a good product but not really any GREAT 'general buying public' stampede for products.
It will be interesting in that the air filters did not sell well when a seperate company owned it and I doubt it will fare much better under VYST ownership. (I feel sorry for the past shareholders of that company)
And, aside from all the 'rah rah' investors clamoring the pure virtues of VYST, I don't hear people in the town where I live say, "Oh man, you just gotta try the Vystar matress..." No, and that's because the buying public in this world could care less.
As such, the stock price will fluctuate (in my opinion) purely on investor greed to match the various moments of news release. Up. Down. Sideways.
Of course, it is this way for most companies, UNLESS, they have a product that the general public CRAVES... sadly, air filters, condoms, and mattress's are not one of them as in this world there is a vast choice.
My target price now to take profit and get out most of my shares are .30-.33. I'll keep some for fun to play on whatever new 'news' the management concocts. If it goes higher, than yippee, skippy, doo dah day... those people invested at the time will have earned it.
