Friday, April 26, 2019 7:06:27 AM
1. Yes, I know for a fact that the buyback was and still is an option here with VYST. Steve Rotman had some millions of dollars set aside to execute the share buyback. I actually had personally spoke to one of the guys that was directly related to one of the compliance departments that they were trying to go through to initiate the buyback. This was a guy that I had been knowing before I ever knew that VYST had ever existed. It's a small world. The company had no idea that I even knew this guy for so long. That's how I knew that what Greg Rotman was telling people regarding the delay in the buyback was the truth. Read this post again:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148415529
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2. The dilution to a billion shares is of no concern for the reasons stated within these posts below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148376061
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148377048
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148381446
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148408587
The increase in the Authorized Shares (AS) was discussed months ago. Read the post below to understand why such is no issue:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147163626
Based on doing my own research, I am very confident that they have no desire to use those shares. Also, I think they would have already done such based on your assessment if such was truly their intent. Instead, the Insiders have actually bought more shares.
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3. Yes, I did state... "if they use a few hundred million common shares to convert to preferred shares to do some major acquisitions, it would serve the same purpose as reducing the Outstanding Shares (OS) as if a buyback had occurred."
I am referring to the over 600 million shares that are collectively owned by the Officers, Directors, Insiders and/or friendlies with the company. They could do such letting go of their shares now to have converted from common shares to preferred to reduce the Outstanding Shares (OS) by a huge amount. They could then get the shares paid back to them in the future at a much higher price that would be deemed more valuable in the future after VYST is trading on the NASDAQ. This would actually be a better plan than doing he buyback if for some reason they can't get around the compliance piece that I mentioned above. They could then use those millions of dollars allocated for the share buyback for something else I'm sure.
Regardless, buyback or not, just know that I am saying that after doing some very extensive research on my own, I believe VYST is going to be much bigger than what we all here had originally believed. I suggest all research a little deeper for themselves.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
Recent VYST News
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 08:06:53 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:21:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 07:36:12 PM
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