Replies to post #83143 on Vystar Corp (VYST)

[doogdilinger]

Who friggin' cares what the auditors include in their boiler plate 10-K jargon...I know for a fact that VYST is a full SEC Reporting Company and the most laughable part of you trying to claim/suggest that any VYST employees and/or consultants will be able to rely on Rule 701 and supposedly sell their insider shares in only 3 months, is the EXACT LINK you yourself provided flat out states that it's totally impossible to do, because VYST is a full SEC Reporting Company and VYST hasn't suspended its SEC reporting obligations, making Rule 701 totally inapplicable!

And it would behoove you to actually read page 3 of your own link provided lmfao>>>

Rule 701 may be used only by an issuer that is not subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, and is not an investment company registered or required to be registered under the Investment Company Act of 1940

If an issuer which is currently a reporting company properly suspends or eliminates its reporting obligations under the Exchange Act, either pursuant to a statutory provision or a SEC rule, it may thereafter rely on the exemption provided by Rule 701 if the issuer satisfies the necessary conditions set forth below

https://www.pillsburylaw.com/images/content/4/8/v2/483/RobbinsRule7012013.pdf

[bking1965]

interesting.....Rule 701 Background

A company cannot offer or sell securities to the public without first registering the offering with the SEC or having a valid exemption from registration. Rule 701 provides an exemption from registration for private companies offering and selling securities to employees, officers and directors, as well as certain consultants and advisors, under compensatory benefit plans. Under Rule 701, offerings are exempt from registration requirements if the aggregate sales price of securities sold during any 12-month period does not exceed the greater of $1 million, 15% of the issuer’s total assets or 15% of all the outstanding securities of the class, and a copy of the relevant compensatory plan, such as a copy of the equity plan and related award agreements, is provided to recipients of the securities. However, Rule 701(e) further requires that any company issuing more than $5 million in options or other securities over a 12-month period provide, in a reasonable period of time before the date of the sale, detailed financial statements and risk disclosures to the recipients of the securities issued. Rule 701 provides that for options to purchase securities, the aggregate sales price for such options is determined when the option grant is made (without regard to when the option becomes exercisable).