Thanks for the reminder of why longs are not concerned. Only the impatient fickled share holders are concerned. Things will develop in due time and those of us who are patient will reap the rewards.
If Steve Rotman allocated millions of dollars for a buyback, then why didn’t he loan VYST money on more favorable terms instead of dealing with EMA and other toxic financiers? Lmfaooo
Steve Rotman had some millions of dollars set aside to execute the share buyback.
THIS IS a super post that folks should take the time to read and then click your prior posts that you reference that provide additional DD that could easily prove to be very useful.
Yeppers Sterling, and not only have the insiders bought more shares, so have their associates, which is why the true free trading effective float in play is less than 400M shares, and VYST trades like it has an effective O/S of under 400M shares.
There's going to be a lot of shocked folks out there when they see the position building fun that's fast approaching here from much higher breeds of investors in the soon to be official post Rotmans acquisition era upon us, and I for one can't wait to see CEO Rotman start delivering his entire next sequence of fast approaching goods that forever transform VYST into a BEAST of colossal proportions over the next several weeks directly ahead:)
Great Post once again Sterling! Loaded up some more VYST yesterday!
QUOTE:
1. Yes, I know for a fact that the buyback was and still is an option here with VYST. Steve Rotman had some millions of dollars set aside to execute the share buyback. I actually had personally spoke to one of the guys that was directly related to one of the compliance departments that they were trying to go through to initiate the buyback. This was a guy that I had been knowing before I ever knew that VYST had ever existed. It's a small world. The company had no idea that I even knew this guy for so long. That's how I knew that what Greg Rotman was telling people regarding the delay in the buyback was the truth. Read this post again: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148415529
Based on doing my own research, I am very confident that they have no desire to use those shares. Also, I think they would have already done such based on your assessment if such was truly their intent. Instead, the Insiders have actually bought more shares.
3. Yes, I did state... "if they use a few hundred million common shares to convert to preferred shares to do some major acquisitions, it would serve the same purpose as reducing the Outstanding Shares (OS) as if a buyback had occurred."
I am referring to the over 600 million shares that are collectively owned by the Officers, Directors, Insiders and/or friendlies with the company. They could do such letting go of their shares now to have converted from common shares to preferred to reduce the Outstanding Shares (OS) by a huge amount. They could then get the shares paid back to them in the future at a much higher price that would be deemed more valuable in the future after VYST is trading on the NASDAQ. This would actually be a better plan than doing he buyback if for some reason they can't get around the compliance piece that I mentioned above. They could then use those millions of dollars allocated for the share buyback for something else I'm sure.
Regardless, buyback or not, just know that I am saying that after doing some very extensive research on my own, I believe VYST is going to be much bigger than what we all here had originally believed. I suggest all research a little deeper for themselves.
In my honest opinion we will see DOLLARLAND at the very latest by the end of the year! Although I honestly expect it to come sooner...