The company is constantly in NEED OF RECAPITALIZATION! They were supposed to fix all that when the CEO Daddy and Non Reporting Non Insider Son management team took over. Every quarter is recapitalizing (Borrowing, selling shares, whatever) to get filed and stay current so the Rotman Family VYST shares are tradable. If the company fails at this, the Rotmans have hundreds of millions of shares that are worthless!! Mostly shares they have issued to themselves because they think they are worthy of them.
Is there value in Vystar, yes.
Can the Rotmans execute? No!
They have failed for over 3 years now.
No Vytex foam manufacturer. Lien A ran away from them and its own investment.
Unable to sell an Air Purifier in a Global Pandemic.
FEC is nothing more than a concept company with no $$$$.
A VYST BOD that does not act on their fiduciary responsibilities and lets the son use actual company cash for personal expenses. Look at the Maas vs Vystar case that was in federal court. Vystar was not involved in this until the CEO's son used Vystar cash for his expenses in that. Heck, the BOD can't even pull 1 BOD meeting a year on average.
No to mention the endless lies & misleading information:
Share Buy Back
Vytex Gloves
RX3000 Production
Cheaper RXAir Unit
Bayer Inhaler Trial
Vape Pens
Vytex Balloons at Disney
Vytex Tires
Vytex Catheters
Vytex 3d Printed Clothing
Yes, the "company" aka the Rotmans need recapitalization because they have miss used the capitalization they have contantly been receiving for over 3 years. They need it again, and guess what, they will need it again for the next Q & K. And guess what, they will need to recap AGAIN, after that.
