$VYST Gains 1st Institutional Investor with $200K
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Posted On: 03/07/2019 9:42:47 AM
$VYST Gains 1st Institutional Investor with $200K Investment at $0.15/Share MORE GREAT NEWS. This is a great company and a great short and long term hold imo,
WORCESTER, Mass., March 07, 2019 (GLOBE NEWSWIRE) -- Vystar Corporation, (OTC Pink: VYST) a family of eco-friendly brands including Vytex® Natural Rubber Latex (NRL) and RxAir® air purification products, announced that FirstFire Global Opportunities Fund, LLC (FirstFire), an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250 percent premium to yesterday’s market close. The stock purchase has no rights for conversion or warrants associated with it. FirstFire is permitted to participate in any of the Company’s upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
"It is almost unheard of for an OTC company -- and an exciting, positive development for Vystar -- to have a lender retire a convertible note and then become an institutional investor on favorable terms,” stated Steve Rotman, CEO of Vystar. “We are pleased to have such a vote of confidence and FirstFire’s support to help us move forward.”
“We welcome FirstFire as our first institutional investor and look forward to a long and mutually beneficial relationship,” Rotman noted. “Cleaning up our balance sheet by retiring all toxic convertible debt is a necessary step in the process of executing our strategic business plan to expand the company organically and through accretive acquisitions designed to improve our earnings per share. This multi-step event validates our business plan.”
Videos on Vystar and products made with Vytex are available at: https://www.vytex.com/blog/category/videos/
https://finance.yahoo.com/news/vystar-gains-1...soc_trk=tw
WORCESTER, Mass., March 07, 2019 (GLOBE NEWSWIRE) -- Vystar Corporation, (OTC Pink: VYST) a family of eco-friendly brands including Vytex® Natural Rubber Latex (NRL) and RxAir® air purification products, announced that FirstFire Global Opportunities Fund, LLC (FirstFire), an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250 percent premium to yesterday’s market close. The stock purchase has no rights for conversion or warrants associated with it. FirstFire is permitted to participate in any of the Company’s upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
"It is almost unheard of for an OTC company -- and an exciting, positive development for Vystar -- to have a lender retire a convertible note and then become an institutional investor on favorable terms,” stated Steve Rotman, CEO of Vystar. “We are pleased to have such a vote of confidence and FirstFire’s support to help us move forward.”
“We welcome FirstFire as our first institutional investor and look forward to a long and mutually beneficial relationship,” Rotman noted. “Cleaning up our balance sheet by retiring all toxic convertible debt is a necessary step in the process of executing our strategic business plan to expand the company organically and through accretive acquisitions designed to improve our earnings per share. This multi-step event validates our business plan.”
Videos on Vystar and products made with Vytex are available at: https://www.vytex.com/blog/category/videos/
https://finance.yahoo.com/news/vystar-gains-1...soc_trk=tw
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Anything I write is pure gibberish...perhaps thought provoking and fun...but investment advice??? I don't think so.
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