Tuesday, May 21, 2019 9:56:01 PM
LOL you do not even know how it works !!!
the ownership rule is when over a certain period the ownership for 5%+ shareholders changes by more than 50%, for example if 1 person owns 20% of VYST, the rule would apply only if it goes to 70% or more! So we are far from it. The rule is to avoid completely selling shells for the NOLs, but in our case it is not a shell and the acquired company belongs to the same people.
Let s review the situation here: according to the latest form 4s, Keith Osborn was the only shareholder I could find who was a 5%+ shareholder with 40 mil shares (Steven Rotman has 36 mil and was not indicated as a 5% shareholder). So the rule would apply only if Osborn gets to 55% ownership (impossible) or all the other shareholders ratio decreases from 95% to 45% or less, which could happen only if OS grows to 1.95 billion and all the additional shares are given to owners who will all own 5%+ (otherwise they are accounted with the non 5% owners).
It could be possible with any other otc stock, but the beauty here is that the same people are invested in both VYST and Rotmans, so the Rotmans can do the acquisition however they like, and for sure they want to avoid diluting more because it would be like shooting themselves in the foot.
So NOL is definitely a huge asset for a profitable company like Rotmans.
the ownership rule is when over a certain period the ownership for 5%+ shareholders changes by more than 50%, for example if 1 person owns 20% of VYST, the rule would apply only if it goes to 70% or more! So we are far from it. The rule is to avoid completely selling shells for the NOLs, but in our case it is not a shell and the acquired company belongs to the same people.
Let s review the situation here: according to the latest form 4s, Keith Osborn was the only shareholder I could find who was a 5%+ shareholder with 40 mil shares (Steven Rotman has 36 mil and was not indicated as a 5% shareholder). So the rule would apply only if Osborn gets to 55% ownership (impossible) or all the other shareholders ratio decreases from 95% to 45% or less, which could happen only if OS grows to 1.95 billion and all the additional shares are given to owners who will all own 5%+ (otherwise they are accounted with the non 5% owners).
It could be possible with any other otc stock, but the beauty here is that the same people are invested in both VYST and Rotmans, so the Rotmans can do the acquisition however they like, and for sure they want to avoid diluting more because it would be like shooting themselves in the foot.
So NOL is definitely a huge asset for a profitable company like Rotmans.
Recent VYST News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/15/2026 06:25:19 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/30/2026 03:33:28 PM
- Vystar Announces 2-Week-Long Memorabilia Sweepstakes on X Platform • GlobeNewswire Inc. • 02/18/2026 02:30:00 PM
- Vystar Enters Final Testing of Breakthrough Dialysis Water Filtration Technology • GlobeNewswire Inc. • 01/29/2026 03:40:00 PM
- Vystar to Acquire Stake in GoPaid and Partner with Capital R3alm to Launch R3alm Oracle and Collectibles Platform • GlobeNewswire Inc. • 01/27/2026 03:57:10 PM
- Vystar Corp. Submits Binding Letter of Intent to Acquire Stake in GoPaid.com LLC and Form Strategic Partnership with Capital R3alm to Launch R3alm Oracle and R3alm Collectibles • GlobeNewswire Inc. • 01/08/2026 04:40:38 PM
- Vystar® Reports, Following its First of its Kind Court Victory against EMA Financial, Inc. of $497,439.58 in Legal Fees and Costs Awarded. • GlobeNewswire Inc. • 12/22/2025 08:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/12/2025 05:59:16 PM
- Incubator Stock Review Initiates Coverage on Vystar • GlobeNewswire Inc. • 10/24/2025 02:05:00 PM
- Vystar’s Vytex® Cloud Bed-in-a-Box Available for Sale • GlobeNewswire Inc. • 10/17/2025 12:30:00 PM
- Vystar® to restart sales of Vytex® Cloud Bed-in-a-Box • GlobeNewswire Inc. • 09/12/2025 01:20:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2025 04:16:02 PM
