Vystar Corp (VYST)

[TenKay]

“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.”

The publicly traded nature of Vystar and/or Rotman’s matters not. As the definition you provided states (without reference to “publicly traded” I might note) a WHOLLY owned subsidiary is one in which a company owns 100% of the subsidiary. It does not matter whether the parent company is publicly traded or not, or what the public or private nature of the subsidiary was prior to the acquisition. Vystar only owns 58%...hence it is NOT wholly owned as Greg stated, but majority owned.

https://www.investopedia.com/ask/answers/032615/what-difference-between-subsidiary-and-wholly-owned-subsidiary.asp