Replies to post #36501 on Vystar Corp (VYST)

[doogdilinger]

I'm not wrong in any way shape or form...and I'm also not the one who needs to read it again as this is VYST's managements own strong statements regarding the 2 remaining notes I just alluded to ie: The $50K feb 22nd maturity date note looming, and the $100K April maturity date note>>>

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. It is Vystar’s intention to pay off that note given the minimal prepayment penalty. This will complete the pay off of all of Vystar’s convertible debt.

“We are closing out this debt to have a clean balance sheet for a fresh start to the new year in which we anticipate completing acquisitions that were part of our previously announced business strategy,” Rotman noted.

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$50K note at .02 conversion price = 2.5 million shares. Oooooh... so scary. lol. We do millions of dollars in volume most days. Yesterday was a low volume day. We did $1.5 million. lol. I think we can handle $50K.