Vystar Corp (VYST)

[captbob2112]

Today's FUN Vystar FACTS!! (get a strong drink)


papa Steve's salary is what it is, but WHY does LYIN' Greg suck so much out of Vystar?
I've seen where the Vystar Minister of Propaganda has said that 'LYIN Greg is no more than a mouth piece that just says what the BOD tells him to!

From the recent 10Q page 27

https://www.otcmarkets.com/filing/html?id=14521126&guid=OW6eUHFbll51r3h

Per Steven Rotman’s Employment agreement dated July 22, 2019, he is to be paid $125,000 per year in cash, $10,417 per month in shares based on a 20-day average price at a 50% discount to market, $5,000 per month in cash for expenses as well as access to a Company provided vehicle and health and life insurance. During the nine months ended September 30, 2020, the Company expensed approximately $338,000 related to this employment agreement. As of September 30, 2020, the Company had a stock subscription payable balance of $641,000, or approximately 23,826,000 shares to be issued in the future and $45,000 of reimbursable expenses payable.

********

This entity is owned by Gregory Rotman, who is the son of the Company’s CEO, Steven Rotman. Blue Oar Consulting, Inc. (“Blue Oar”) provides business consulting services to the Company. In exchange for such services, the Company has entered into a consulting agreement with the related party entity.

Per Blue Oar’s consulting agreement, it is to be paid $15,000 per month in cash for expenses, and $12,500 per month to be paid in shares based on a 20-day average at a 50% discount to market. During the nine months ended September 30, 2020, the Company expensed approximately $374,000 related to the consulting agreement. As of September 30, 2020, the Company had a stock subscription payable balance of $569,000, or approximately 28,125,000 shares and a balance of $135,000 in accounts payable related to this related party.

In connection with litigation matters involving both Blue Oar and the Company, legal invoices totaling approximately $25,000 have been paid on Blue Oar’s behalf during the three months ended September 30, 2020 and expensed as consulting services.

So...
papa Steve gets:
$125,000 per year
+ $5,000 per month "expenses" ( $60,000)
--------
$185,000 per year
PLUS
$10,417 per month in shares at a 50% discount

LYIN' Greg "consultant" son of the CEO gets:
$15,000 per month in cash ( $180,000)
PLUS
$12,500 per month to be paid in shares at a 50% discount
in addition to
"In connection with litigation matters involving both Blue Oar and the Company, legal invoices totaling approximately $25,000 have been paid on Blue Oar’s behalf during the three months ended September 30, 2020 and expensed as consulting services.


******
highlights -
Papa Steve gets
$185,000 in cash (including expenses)
+ $125,000 in VYST stock at half price

LYIN' Greg gets
$180,000 in cash
+ $150,000 in VYST stock at half price
AND Vystar has been covering his legal bills = $25,000 in the Q3


NOW... figure this out - -
"During the nine months ended September 30, 2020, the Company expensed approximately $374,000 related to the consulting agreement."
(that's payment to LYIN' Greg)


LYIN' Greg's salary + ½ price stock = $330,000 per year

YET, in only 9 months of 2020 Vystar has "expensed approximately $374,000"

math time!!

$330,000 divided by 12 = $27,500

$27,500 x 9 months (YTD) = $247,500
Even Adding In the $25,000 in "legal bills" (whatever)
that's only $272,500

BUT Vystar has already "expensed approximately $374,000" to LYIN' Greg ???
(by the end of September)

What was the extra $101,500 for??

AND what will Vystar have paid out to this "consultant" by the end of the year??!!

YTD is ALREADY $44,000 over the ENTIRE yearly agreement!
(by the end of September)

WTF ...??


Vystar has "expensed approximately $338,000" to papa Steve YTD
Vystar has "expensed approximately $374,000" to LYIN' Greg YTD


WHERE the hell is the BOD???

Was that Vystar still owes papa Steve 23,826,000 shares
and LYIN' Greg 28,125,000 shares lost in the fine print above?