what are you talking about? they just paid off in cash notes before they converted and stated their intention to do the same w the remaining. not the stink pink you might be used to. As stated in last Q, they are merging in their over 50 year old family owned business- A+ BBB rating/ accredited since 1972 https://www.bbb.org/us/ma/worcester/profile/furniture-stores/rotmans-0261-100261 an iota of DD proves you very wrong.
Broke Stinky-pinkies don't buyback shares...Just pumping PR.
Not only that HB, but if the company tries to buy back 250,000,000 shares at say 1 cent, that would cost them $2.5 MILLION DOLLARS. If they tried to buy them back at 2 cents, that would cost them $5 MILLION DOLLARS. If they tried to buy them back at 5 cents, that would cost them $12 MILLION FIVE HUNDRED THOUSAND DOLLARS.
Yet people think this stock is going to go up in share price with a shareholder buyback program at the same time. That is absolutely ridiculous. You can't have both. The stock is only going down. It's simple math. The company is going to buy the shares back as cheap as possible, if they buy at all!!!
And yet in the same PR, this so-called million dollar "holding" company also talks about having to pay off 2 notes totalling a mere $150 THOUSAND DOLLARS:
Currently two notes with face values of $50,000 and $100,000 remain. The $50,000 note can convert no earlier than February 22, 2019. Vystar has the option to pay off that note with a substantial prepayment penalty or buy it back in the market. Vystar will determine which option is more accretive to the Company prior to February 22. The $100,000 note does not allow conversion before April 2019.
So how is a company going to buy back 250,000,000 shares at say 2.5 MILLION DOLLARS if the share price stays at one cent, when they can't even pay off two notes totalling a mere $150 THOUSAND DOLLARS???
You can't make this stuff up. It's right there in the company's PR from Tuesday:
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