superb DD Sterling, thank you for sharing- potential here is astounding. my first buy here was near .02 and have been able to average down to close to current price. shareholders who bought lower are wildly lucky as now that a greater understanding of what is transpiring w Rothman's is out there, pennyland and much higher will come quick. what an amazing opportunity!
The stock price of VYST was trading between 0.0345 and 0.075 at the time that this debt settlement occurred. Do you think they were aware that toxic financiers would dilute it down to trips? That’s rather interesting...
Also, are you indicating that a company generating over $35 million in revenues will be acquired for $4 million in cash and restricted stock?
Assuming the private company is profitable and has an asset/liability ratio that would allow for the future buyback that was mentioned, I don’t think the entire company will be acquired outright.
Key Point #4**VYST Key Ownership Confirmed via Form 4s
After speaking to the company, I learned that Insiders own over 75% of the company. I was told that in the ten years since the Inside ownership has been owning their shares, there has been not one sell. I was told that this can be confirmed via the hundreds of Form 4s filed with the SEC as some of them are very prominent people of which are on the Board for the company. I counted over 280 ownership forms filed, but I won’t go through them all as I will try to only highlight a few key prominent VYST personnel and Board Members. Even though some might not be Board Members anymore, they still are shareholders and provide major input for their investment into VYST and still have a vested interest in their success:
This is a huge reminder and important to note is that myself and others were informed that the Rotmans Furniture store acquisition price is $4 million that will be bought with cash and stock and that they already have the cash.
Also, the restricted stock that will be used to go towards the acquiring of Rotmans will only convert at much higher prices post NASDAQ. This means that a minimum of $4.00 per share will be the baseline price for restricted shares to consummate the acquisition. This means that the acquisition will be a lot less dilutive than the norm that's seen throughout the market. I was informed that they have decided to do the transaction as such because they wanted to be overly fair, especially since the Insiders own a huge portion of the Outstanding Shares (OS).
Within the PR below, pay close attention to where it says... CMA Investments, LLC and its guarantors accepted 15M shares of restricted Vystar common stock as payment for the principal and interest on the decade-old loan.
This is a huge show of confidence that leads me to think that they believe that such 15 Million shares are considered at a discount to where they still would make money off of their shares for knowing what is coming. Think about it...
$1,500,000 Debt ÷ 15,000,000 Restricted Shares = .10 Per Share
This means that they were willing to accept 15,000,000 of VYST Restricted Shares at .10 per share to pay off $1.5 Million in Debt. Maybe it's me, but this leads me to believe that whatever they learned to accept such a payoff in VYST Restricted Shares, is going to take the price far higher than .10 per share. Read the PR below:
Jul. 16, 2018 9:02 AM ET|About: Vystar Corp. (VYST)|By: Niloofer Shaikh, SA News Editor Vystar Corporation (OTCPK:VYST) has paid off $1.5 M in long-term debt, for a total reduction in long-term debt of $2.6M this year.
CMA Investments, LLC and its guarantors accepted 15M shares of restricted Vystar common stock as payment for the principal and interest on the decade-old loan.
Stated Steve Rotman, CEO of Vystar, “Vystar is now totally free of long-term debt and liens. This helps clean up our balance sheet and enables a fresh start as we execute our strategic plan that includes further acquisitions, expanding the Vytex distribution network, development of new Vytex formulations, and development and launch of new product lines.”