Replies to post #46408 on Vystar Corp (VYST)

[doogdilinger]

False Churak and here's my email response from Greg Rotman from last Friday specifically in regards to the VYST share repurchase program>>>

The buyback program the board okayed allows us to buy back up to 250 million shares. We don’t give out too much information on, what, how or when, we are going to buy back for obvious reasons. We have been actively seeking a brokerage firm to handle the program for us. We started with two firms. The first firm we made it through their compliance but the clearing house, Schwab, they clear through turned us down. We have some large insiders that have accounts with Schwab and they felt there could be an issue if we were both buying at the same time and the company got a better fill than they did.

The second firm seems to be okay so far but we don’t have a “Yes” yet. We have added two other firms as a backup as well. It’s not as easy as just setting up an account like you normally would. There are SEC rules, the firm’s own rules, DTC and clearing house requirements to fill as well. The firm we use also has to be equipped to get good delivery (DVP) of the shares and those need to be sent to our transfer agent and then canceled, ideally every two weeks.

[uglypug]

The share buyback has been delayed slightly due to the EMA shenanigans per Greg Rotman. How can you you possibly equate that or convertible note retirement with an r/s? I'm very confused by some of the logic on this board.

[SooS416]

Then why are they working with a broker and clearing house to facilitate a buy back, you do realize that the previous PR's spoke directly of buy backs on the open market and the pay off of debt and they would do both depending on which made the more economic sense.

This is all good news, can try to spin it any which way.

You are making it seem that it would be better if they let the note convert and then purchased shares on the open market which would have been more expensive then paying off the debt before it converted.

[magikalalpha]

Wrong.

[stervc]

Churak, respectfully...

Those VYST thoughts are a little off. I would go back read the buyback PR. Or better yet, call Greg Rotman, their IR, and let us know what he tells you.

v/r
Sterling

[Sean Portman]

Let's say you're right, that prevents dilution. Can you see a negative with that? You're trying to compare positives and call one negative. Sell your shares man