Replies to post #82992 on Vystar Corp (VYST)

[SooS416]

They issued over 100M shares for payment of $65k in consulting costs, so just because there is no convertible debt, which there is convertible debt on the books doesn't mean they are not issuing more shares for payment of services.

[bking1965]

That is simply not true. The filings not only show more toxic debt on the books, but a huge reverse split authorized, more toxic debt authorized, and a larger AS.

[Homebrew]

I believe it's illegal to buyback with huge liabilities greater than assets.

Plus, VYST's basically broke, and can't afford to buy back shares.

there s nothing preventing them from starting a share buyback, period.

[captbob2112]

define diluted ...

How many "employees" and business transactions have been paid (for) in stock? It would be nice to see some open books here.

Kinda reminiscent of obama saying he would be the most transparent President ever. We all know how that worked out.

[TenKay]

Where is Feb 4 number coming from? The dilution time period is anywhere from Jan 1 to Apr 22...they don’t give specific issuance dates.

And they sold more debt and issued more convertible notes during Q1 some at a 35% discount and others at 50%.

Both are “toxic”.