armour, I keep seeing a few posts claiming that the Rotmans acquisition is still supposedly months away, or still supposedly 3 months aways, 6 months away or 75 days away etc etc etc.
So I just want to quickly remind everyone that what we're waiting for is the official Rotman's acquisition 8k filing with the SEC right here/right now!
The official Rotman's acquisition 8k filing is not 75 days away, months away, 3 months away or 6 months away!
In fact, the official Rotman's acquisition 8k filing could hit literally any day now...because all VYST mgmt. is waiting for is the PCAOB auditing firm doing the full Rotman's audit to inform VYST mgmt. that "most" of their required Rotmans auditing work is complete, and they're only 30 days away from completion now ok!
And the exact moment that the auditors inform VYST mgmt. that "most" of their auditing work is complete and they're only 30 days away from completing the full Rotmans audit they've already been working on for 4 full months now...is the exact moment that VYST files the official Rotman's acquisition 8k with the SEC and VYST's acquisition of Rotman's gets made official...leaving only the follow up fully audited Rotman's financials to be delivered in a follow up super 8k filing in approx. 30 days...which will mean the follow up super 8k will be delivered well within the 75 days the SEC gives PubCo's to file the fully audited financials of any private co.'s they officially acquire ok!
And Greg Rotman's email exchange with me last night clearly states that VYST can file the official Rotmans full transaction closing terms/details the exact moment they see fit...but they've simply been waiting to do so, because they only want to file the official Rotman's acquisition 8k "after" the PCAOB registered auditing firm working on the full Rotmans audit informs VYST mgmt. that "most" of the audit is complete and they're only 30 days away...so that when VYST does in fact file the official Rotman's acquisition closing terms 8k filing ahead, they're 100% more than confident that they can in fact deliver the follow up Rotmans audit well within the SEC's 75 allowable days for doing so.
So I just want everyone who's uncertain or unclear to understand/know where the whole "75 day" thing originates and comes into play so there's no misunderstandings of where we're already at in the 4 month Rotmans audit so far...as even I was confused the very 1st time I talked to Greg Rotman because I thought the so-called "75 day" auditing clock started last November when the fact is that the "75 day clock" so to speak, only refers to the fully audited Rotmans financials having to be filed via a super 8k filing with the SEC within 75 days of any Pubco announcing an acquisition via an official 8k filing with the SEC that fully discloses the acquisition transaction closing terms...and that's exactly what we're patiently waiting for right here/right now...VYST filing an 8k with the SEC that officially announces their acquisition of Rotman's and provides full disclosure on the transaction closing terms...and the moment they do in fact file the official Rotmans 8k is the moment the 75 day clock starts on the follow up super 8k filing that discloses the full Rotmans audit...and now we know that when VYST does file the official Rotmans acquisition 8k "soon", that the follow up super 8k will only be 30 days away according to the auditing firm actually doing the full Rotmans audit ok cheers!
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