Vystar Corp (VYST)

[gimmee greenbacks]

From Investopedia ;

" What Is a Wholly Owned Subsidiary?
A wholly owned subsidiary is a company whose common stock is 100% owned by another company, the parent company. Whereas a company can become a wholly owned subsidiary through an acquisition by the parent company "

https://www.investopedia.com/terms/w/whollyownedsubsidiary.asp

Rotman's Furniture was acquired by Vystar the parent company and the only company that is publicly traded. The definition you referenced refers to publicly traded companies only of which Rotman's is not one. That being the case the second sentence applies and Rotman's is indeed a wholly owned subsidiary of Vystar. Pretty basic stuff it seems to me.


VYST