Replies to post #125551 on Vystar Corp (VYST)

[toncatmad]

I would think until it’s actually sold the value of the merchandise would be what ever they paid for it.
With sales, markdowns and haggling money off to entice people to buy who knows what the actually price sold will be until the sale happens. So as far as sitting in the warehouse I would think the value is what ever it was purchased for. This all sounds like a way to inflate the asset value to try and offset the huge liabilities

[captbob2112]

Complicated stuff that auditing game! In the furniture business what is "retail" value? MSRP? Those folks have a 50% off sale every other week.

What puzzles me is valuing inventory at retail THIS report and at cost next time.
That will be a fine excuse next go around as to why the numbers are down. And will make it difficult to gauge if the company is doing better 3 months from now.

VYST = Time will tell?