Replies to post #46262 on Vystar Corp (VYST)

[Free Willy]

Agreed. I also confirmed this with GR via phone call.

[cbrad10480]

Just the phrasing:

she has been a great help.

implies that the audit is already underway.

cbrad

[cjstocksup]

Thank you so much. We all know in all of the email communications in Jan and Feb etc. Greg made it clear they were working on the filings the super 8K so whoever wrote that nonsense about 75 days is wrong!

According to post 45489, Greg Rotman said:



Quote:

You also mentioned in your communication there is some confusion about the chain of events, specifically the super 8K. I will try and clarify what has to happen. Once the deal closes the company has only 75 days to put out Rotmans audited financials, (What folks are calling a “Super 8K”). As you might imagine it would be impossible given the size of Rotmans and with 2 years audited financials needed, this could not be done in 75 days. Rotmans given the annual turns in its inventory would exceed on a two-year audit $30 million in inventory. There are also things like the fully funded $8 million pension fund for hundreds of employees. The reality is we have to wait for the auditor to complete most of his work. We have hired back the old operations manager from Rotmans and she is helping with this endeavor. She was with Rotmans before her retirement a few years back for 42 years so she has been a great help.

So if you believe that is a legit email then my understanding is that the 75 day window starts once the deal closes. They've begun the AUDITS already though. Don't know why this matters but I keep seeing people go back and forth on it.

[buccaneer1961]

so....when is that 75 days over?