Vystar Corp (VYST)

[Highcastle58]

Posted Sep 11, 2019 at 3:42 PM
WORCESTER — Shares in furniture retailer Vystar Corp. were approved to begin trading Tuesday on the OTCQB market, an over-the-counter exchange.
The OTCQB is one of three over-the-counter exchanges. The OTCQB is considered the middle tier and includes early-stage companies whose stock must have a bid price of at least 1 cent.
Vystar is majority owner of Rotmans Furniture of Worcester, and it produces Vytex natural rubber latex for pillows and mattresses. Vystar is aiming to move its stock up to the next level of over-the-counter trading, the OTCQX, and then to a major exchange, the company said in a news release.
“The OTCQB requires increased reporting standards and provides increased transparency and visibility of our trade data, news and disclosures to the investment community, while offering convenient trading with real-time quotes through more broker dealers,” Vystar Chief Executive Steve Rotman said in a statement. “In a nutshell, we’re gaining exposure to a higher tier of investors and the potential to further enhance liquidity.”
Vystar shares closed Tuesday at about 3 cents per share.