Vystar Corp (VYST)

[MTLTrader]

For me the most probable scenario is that insiders will convert their common shares into preferred shares at (for example) a 100-to-1 ratio (so 500 million common shares would become 5 million preferred shares). Then upon conditions to determine (uplist to a major exchange would be the best one) they could reconvert them to common at the same ratio.

That would have the same effect as cancelling shares and no insiders would give away money, and it would benefit them too with the pps going up.