Wednesday, March 30, 2022 11:32:08 AM
All the debt & legal issues will stay with the parent company. Which is why no REAL company will actually entertain reverse merging into the VYST shell.
It is just another version of the Greg Rotman Special Asset Purchase. Take all the good stuff out, and leave the bad and start over fresh.
Much like he did to UVFLU when he did the special asset purchase for shares and bought RXAIR assets and left UVFLU with no money, and no way to distribute the shares to the shareholders. He was consulting for both UVFLU & Vystar at the time. He knew exactly what he was doing. He knew UVFLU would NEVER have the capability of distributing those shares to its shareholders. So while those shares are booked in UVFLU's name, they will never be issued.
What he did was technically legal.
Was there a major conflict with him consulting for both companies with his dad as new CEO of Vystar? YES
A little more shady that the only other BOD than CEO Micheal Ross was Greg Rotman's Brother in Law? (easy vote to get) YES
Unethical? Totally YES.
Stealing From UVFT Shareholders & Note Holders? YES
Recent VYST News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 05:32:06 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 11:01:23 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:21:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 07:36:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/26/2023 06:46:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/26/2023 06:41:50 PM
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