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VYST這次可能有戲:連續兩天放量上漲,而且股價高點更高,低點也更高。

(2020-10-09 10:35:29) 下一個

公司今天發布消息,自從2020年7月以來,已經付清了超過2百萬美元的債務。這對一個在OTC交易的小公司來說,特別是在疫情嚴重的情況下,非常不容易。而且,公司正在擴大和升級UV消毒機的生產能力,前景看好。

個人觀點,僅供參考。

Worcester, MA, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Vystar(VYST)® Corporation paid off more than $2 million in debt since July 1, 2020, including paying off multiple notes and lines of credit in September 2020, and consolidating other debt as it enters the peak retail holiday shopping season and the fourth quarter with its RxAir® UV-C Light air purifier line and Rotmans’ home furnishings poised to fill urgent needs amid the COVID-19 pandemic. The debts were satisfied as follows (full details in 8K SEC filing):

Libertas Funding LLC -- On February 24, 2020, Vystar(VYST) and Rotmans had entered into an agreement with Libertas Funding LLC to sell future receipts totaling $1,089,000 for a purchase price of $825,000. The Libertas funding has been paid off with no further obligation.

New Debt Obligation - The Company entered into a $630,000 promissory note for a loan made by the Vystar(VYST) President and CEO Steven Rotman, at 5% note payable at maturity. Funds for a portion of the loan were derived from the sale of Vystar(VYST) common stock owned by Steven Rotman in September 2020 (see Form 4 filings at www.SEC.gov).

Payoff of $500,000 Vytex Product Inventory Loan– In 2018, five investors loaned $100,000 each with proceeds from their Fidelity Bank loan. The Company paid all principal and interest in full by the issuance of 8,250,000 restricted shares of common stock to each of the five investors.

“Vystar is in a solid business position and is entering a growth phase,” noted Mr. Rotman. “We were fortunate to have had $1.4 million in government Paycheck Protection Program (PPP) funding to help us through the shutdown and emerge running strong on all fronts. Rotmans Furniture’s reopening from the COVID shut-down, coupled with pre-sales of RxAir 400 units and personal loans from me to Vystar(VYST) allowed us to pay down debt; make deposits for RxAir tooling and parts; restart production of RxAir units, begin developing upgrades for RxAir 400 and Rx3000 units; and have operating capital to facilitate growth.”

Follow Vystar(VYST) and Vytex news on Twitter: @VystarCompany
Hashtags:, #vystar, #vytex, #Rotmans, #RxAir, #COVID, #naturallatex, #nrl

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