Vystar Corp (VYST)

[captbob2112]

Wanna talk about Stock Dilution? ooookay ...!!
CEO papa Steve selling over 11 million of his VYST shares back onto the market isn't dilution using the definition:

Stock dilution is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity.

I doubt it helps the PPS any, but that's another matter.

As to what IS dilution, here are some FACTS to chew on.

I'll even leave out the MEGA share dump Vystar did in 2019
of 600 Million shares
when they said there were going to do a 250 Million share buyback,
which turned out to be a $30 (YES, thirty dollars!) "buyback".

BUT ........
How about when Vystar issues shares from the VYST piggy bank to pay for anything and everything that comes along?

Some examples??
Okay!!

These are just from the past 10Q and 8K
(August and October THIS year)

From the 10Q in August page 29
https://www.otcmarkets.com/filing/html?id=14345646&guid=A126UaA7i-7O33h

On July 7, 2020, the Company entered into a stock subscription agreement to issue 10,000,000 shares of common stock for $0.015 per share to a consultant for legal services.

On July 27, 2020, the Company issued 4,000,000 shares of common stock to a Director for 2019 board fees accrued and included in stock subscription payable in the accompanying balance sheet as of June 30, 2020 and December 31, 2019.

On August 5, 2020, the Company issued 8,941,878 shares of common stock to a third-party consultant for marketing and public relations services. The consultant will provide 30 hours of services per month for a six month period ending in September 2020.
(that is 180 hours total of "services")
Note: this was equivalent to paying the "consultant" OVER $2800 PER HOUR!

In addition, the Company has received $415,000 for 27,666,735 shares of common stock to be issued.

and from the 8K in October
https://www.otcmarkets.com/filing/html?id=14436208&guid=tGp6UpInoVfLHth

Payoff of $500,000 Loan. In 2018, certain investors borrowed $100,000 each from Fidelity Bank under a $500,000 revolving line of credit and the investors had used the proceeds to loan $500,000 to the Company. In lieu of repayment of principal and interest, the Company accepted subscriptions of 41,250,000 shares of common stock at $.016 per share on September 17, 2020. The shares are restricted pursuant to Section 4(2) of the Securities Act.

*****

Now.... Not all of these shares have already been issued,
as explained in the filings,
but they will be!
SOON or SHORTLY? Who knows ...

Calculator time!!!

I'm seeing that Vystar has or will issue ...

91,858,613 shares of VYST
almost NINETY TWO Million shares
just in these last 2 filing!

SPOILER ALERT! That IS dilution!

So, yes, it is correct that papa Steve selling his shares is not dilution.

What they pay LYIN' Greg and (used to pay) his beautiful sister however, may be subject to interpretation.
But by the definition above, issuing company stock as a payment would be dilution.

How many shares of VYST does LYIN' Greg get per year?
I'm kinda busy watching The Masters to go look for that number.

Just another example of when Vystar reaches into the VYST piggy bank!

Why would they care though?
Doesn't cost them anything to release more shares!

Only the stockholders suffer from what I consider a gross mishandling of company shares.

Yet no one can figure out why the PPS of VYST remains so low!

Must be those darn Shorts, EMA and big meanie Market Makers!



#TooEasy