VYST - Vystar +6.4% pays off $2M+ debt since July 2020

Vystar ([[VYST]] +6.4%) has paid off more than $2M in debt since July 1, 2020, including paying off multiple notes and lines of credit in September 2020.The company entered into a $630,000 promissory note for a loan made by the Vystar President and CEO Steven Rotman, at 5% note payable at maturity. “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 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.” says Steven Rotman.

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Vystar +6.4%, pays off $2M+ debt since July 2020