What's to be weary about Triumph? Forget saying 550M to 600M O/S ok. Let's just say the $50K Feb 22nd maturity date final convertible note did get converted and diluted into the float and we're working with a 600M O/S right now ok.
The Form 4 filings add up to 311M VYST tradable float shares being locked up in insider/affiliate hands...meaning we're working with an effective tradable float of approx. 289M shares...and we still have the VYST buyback coming and possibility of EMA having to buyback the 35M shares they over converted and sold late last year.
And if we consider that VYST probably has approx. $2.5M committed to their proposed share repurchase program...we're looking at $2.5M being utilized soon to buyback 25M to 50M shares further reducing the 289M effective trading float...and another potential 35M shares being bought back by EMA or at the very least EMA and the transfer agent that got fired having to pay punitive damages of some kind.
And for sure there's a good possibility ahead that some of the Form 4 insiders could agree to retire some of the combined 311M shares they collectively hold.
And finally, now that VYST has eliminated all the convertible aged debt off their fully audited books, they can easily file to dramatically reduce their A/S count.
So no matter how we attempt to slice or dice the SS numbers...we're talking about a potential maximum O/S currently in play of only 600M shares...with just over half of that O/S already locked up in affiliate/insider hands...and VYST having approx. $2.5M still committed to their share repurchase program.
So 1 way or an another it leaves VYST mgmt., their directors and their affiliate insiders with lots of available creative options available to explore over these next 3 to 4 months prior to making the decision to up list from the QB to the QX as another key step in their eventual Nasdaq up listing pursuit in 6 months time...and it may not even be 600M O/S if we find out that VYST ended up paying the stiff penalty and paid off the Feb 22nd $50K note. I'm just using 600M O/S as a possible worst-case number in play because we know that ALL the other convertible debt has now been completely eliminated off of VYST's balance sheet ok.
News 
Market Data 
Discover 
AI
