Vystar Corp (VYST): Since every company has some level of de...

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Re: drum3171 post# 124227

Saturday, 11/09/2019 10:42:00 PM

Saturday, November 09, 2019 10:42:00 PM

Since every company has some level of debt if using continuous accounting, I believe the poster was referring to a company they had a net debt...ie liabilities exceed assets.

And in that case state Corp statutes prohibit a distribution to common shareholders.

"Harsh reality is always better than false hope"

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