Multiple updates from $VYST debunking iHub basher
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Posted On: 08/21/2019 8:38:59 PM
Multiple updates from $VYST debunking iHub basher / scammer nonsense:
"To clear up misinformation on loans made by the CEO & his son. In order for Rotmans bank Fidelity, holds the Inventory financing of $3 Mill to approve Vystar, Fidelity wanted more cash on hand. Combined they loaned Vystar about $500K. Will describe the transaction for you; $VYST "
"Rotmans owned a 3-decker house & Corp Counsel wanted it gone. Appraisal $280,000, CEO paid $290K. CEO wrote a check for $395K the difference $290K - $395K was $105K as listed in the 10Q plus $75K from Greg. The house was then put up as collateral back to Fidelity. $VYST "
"In addition, CEO personally guaranteed bank loan of $3.5 mill ($3 mill plus an additional $500K separately to help with tax free inventory which ends in September. As to the interest charged, Vystar nor any other entity can have a loan with zero % interest, it's illegal. $VYST "
"Once the balance sheets are combined will get wiped out as you can’t pay interest to yourself meaning Rotmans to Vystar. As to the $500K that 5 investors guaranteed that was a transaction at a different Fidelity bank in Atlanta from 2018 as referenced in our last 10K. $VYST "
"Somehow a CEO loaning money to his Company & personally willing to guarantee a $3.5 Mill loan is spun as bad. I have not seen another CEO willing to do this on the OTCBB in my 25 years, but would love to know if anyone finds one. $VYST "
https://twitter.com/VystarCompany/status/1164265349014888448
"To clear up misinformation on loans made by the CEO & his son. In order for Rotmans bank Fidelity, holds the Inventory financing of $3 Mill to approve Vystar, Fidelity wanted more cash on hand. Combined they loaned Vystar about $500K. Will describe the transaction for you; $VYST "
"Rotmans owned a 3-decker house & Corp Counsel wanted it gone. Appraisal $280,000, CEO paid $290K. CEO wrote a check for $395K the difference $290K - $395K was $105K as listed in the 10Q plus $75K from Greg. The house was then put up as collateral back to Fidelity. $VYST "
"In addition, CEO personally guaranteed bank loan of $3.5 mill ($3 mill plus an additional $500K separately to help with tax free inventory which ends in September. As to the interest charged, Vystar nor any other entity can have a loan with zero % interest, it's illegal. $VYST "
"Once the balance sheets are combined will get wiped out as you can’t pay interest to yourself meaning Rotmans to Vystar. As to the $500K that 5 investors guaranteed that was a transaction at a different Fidelity bank in Atlanta from 2018 as referenced in our last 10K. $VYST "
"Somehow a CEO loaning money to his Company & personally willing to guarantee a $3.5 Mill loan is spun as bad. I have not seen another CEO willing to do this on the OTCBB in my 25 years, but would love to know if anyone finds one. $VYST "
https://twitter.com/VystarCompany/status/1164265349014888448
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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