Oh I don't know. If one leaps off the narrow path of calling VYST a scam, you can see the potential beneficial reason for a share reduction. Liabilities were removed. Shares had to be issued. Shares were issued. Any reduction is going to benefit share price on a higher exchange. Who are any of us to say that VYST should just give it up and do a 1 for 100 just to make it Nasdaq eligible right now? If they bought back 50-200+- mil and insiders agreed to convert to restricted shares, what would happen to the pps? It's obvious. And it is certainly eligible for a tier 1 jump to QB.
No one knows what is benefit and what is nonsense until a 10K is posted with Rotmans assets and combined revenues. You're yelling dilution scam while the price is still a tremendous percentage above where it started earlier this year. Aren't OTC scams typically much shorter lived than 4 months? I mean, VYST did hit teens but everyone is screaming bloody murder at .04.-05 when this was just a .0006 stock in January. It certainly has a demand well beyond the typical pump & dump where the share price would have been even lower than .0006 by now.
PS, yes, you drew a conclusion about how a buyback was not permitted when you don't even have a single fact to back up how it was done or started. You can LOL all you want, but you came to an end result without having the facts. Aren't we criticizing shareholders for doing the same with revenue projections? Can't have it both ways. You want facts but insert speculation where it is easier.
Conclusion? Lol.
It was nonsense. They announced a “small buyback” happened in the same quarter as they added over 400 million shares to the OS and sold FOUR convertible notes for cash....
The ONLY purpose of that tweet is to pump the stock with a “buyback” narrative while the company actions completely obliterate ANY actual share structure benefit of a “buyback”.
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