pmb,

You said, "Let's clean the slate for a second. Our bickering is getting confusing. I am going to put a few points down and you tell me if I am close to being correct with my opinions, or just way off base and loony."

I am a little surprised that you found our discussion "confusing". I was taking issue with one point, and only one. That was the fact that you claimed BIOAGRA had sold nothing....zero. That, of course was incorrect, though you still seem to want to debate it.

I will, however, respond to each of your points though I have addressed each of them at least once in the past weeks, and some of them multiple times. Before repeating myself, at your request, I wish to make one more point. You seem to still be confusing facts with your opinions. I am willing to confirm or deny "facts" that I may have some information about, but they are very different from your opinions. You are entitled to your opinions. I do not believe that the facts are debatable. I will make an attempt to differentiate.

"1. This revenue you are claiming as something is revenue that is generated by a company that we own an interest in. That revenue is so minute that it does not show up as revenue on our balance sheet."

Fact: It is not me that is "claiming" revenue. The company filed a 10Q with the SEC that declared its subsidiary BIOAGRA had over $104,000 in revenue. You, claimed there were no sales, and I took issue with that. I did not say that sales were meeting or exceeding expectations. I simply stated that you were not correct in your claim that the company had "never sold anything."

Fact: The revenue of Bioagra does not show up on VYTA Corp's balance sheet in the same way that it does not show up on Microsoft's balance sheet. They are two different companies with two different balance sheets. It is not until BIOAGRA is profitable that the distribution of profits will show up as income to VYTA Corp.

My opinion: I believe that you are deliberately clouding the issue to try to discount progress that has been made.

Mostly fact: My post that you took issue with, as being "lollipops and gumdrops", etc. pointed out that we have in fact been selling product, and that so far, the trend has been toward an increase in sales by quarter. I would be delighted to see sales considerably higher than they have been, and had expectations that they would be so. I understand many of the reasons why they have not met previously held expectations, but that does not mean that I do not wish sales to be greater or that I am satisfied with the level of sales. On the other hand, and I believe this is the point you are chosing to ignore, sales are occuring, and they have, thus far, been increasing by quarter. I see that as a positive sign.

2. Management has raised in excess of 3 million dollars to build a plant that :

a) cost more to build than expected

Fact: Yup. Sure did. In the process of construction there were some improvements that were discovered that management deemed prudent to include during construation. This resulted in management approved and fully disclosed cost over-runs.

b) took much longer to build than expected

Fact: Right again. The upgrades discussed above took additional time to execute.

c) took longer to tweak the production line to make the product properly than expected (THIS IS DEBATABLE)

Fact: The $750,000 centrifuge that had been factory "re-conditioned" had an over-heating problem that required a manufacturer's technician to come on site and correct.

Opinion: There is nothing debatable about this.

3. Management promised long ago that they would not have to reverse split the stock of the predecessor to preserve the investors chance for a "comeback" but did it anyway

Fact: I personally NEVER heard or read any promises by management that they would not have to execute a reverse split. I do remember asking management several years ago if a reverse split was in the plans for Nanopierce, and the reply was that they did not anticipate it being necessary, and that it was "not in their current plans".

Fact: Things change. (I have elaborated on this fact and my opinion about management's success in dealing with change in previous posts and will not belabor this here.)

4. The company won over the horse racing industry with it's product but still there are no significant sales as a result.

Woah!

Opinion: I believe you are overstating the situation to make your point.

Fact: I do not remember any claims by management or anybody else that we "won over the horse racing industry".

Opinion: I believe that management was overly optimistic about immediate sales potential to the horse racing industry based on exagerations by our business partner. It is my opinion that VYTA Corp management has since learned to temper our business partner's claims.

5. The customers that were said to be pounding down our door are not there. (this is not debatable and is where the company really mislead some people in my opinion)

Fact: I do not recall any statements that directly stated or implied that "customers were pounding down our door."

Opinion: I believe that VYTA Corp management was deliberately misled by our business partner who made some exagerated claims in order to engage us. I believe it took a long time to discover this deception.

I do NOT believe that this in any way diminishes the potential of the product or of commercial success. I do, however, believe that the market is a lot more difficult to penetrate than it was portrayed to us by our business partner.

One can certainly debate, with the benefit of hindsite, the thoroughness of management's due diligence in selecting a business partner and the ease by which the product would be brought to market. It is a lot more difficult to penetrate the market than was anticipated. I believe I have addressed this in excrutiating detail in other posts, and will not further elaborate here.

6. The company has gotten the product to be tested by some of the most respected universities and companies in the feed industry and had significant successful results which for one reason or another cannot be translated into sales.

Close.

Fact: "The company has gotten the product to be tested by some of the most respected universities and companies in the feed industry and had significant[sic] successful results."

Opinion: Those results HAVE been translated into sales, though the level of sales has been well below expectations based on unrealistic projections and unfamiliarity with market behavior. I believe we are making progress in that area, though the progress has been disappointing to many. I believe that market conditions are becoming more favorable to us, and am hopeful that sales will continue to reflect an increase in market penetration.

7. The company has several significant ongoing tests with several crucial industry companies and universities.

Fact: You have correctly stated this.

8. The company has issues several million shares of different classes of stock to raise enough capital to keep running.

Fact: This is also true.

9. The stock continutes to drop to levels making our investments almost worthless.

Fact: The overall trend has been down with some brief periods of buying that have interrupted the downward trend.

Fact: If one were to sell his shares today he would take a loss. To say that for many of us, that loss would be significant and extremely disappointing is probably an understatement.

Fact: Many people buy shares in a high risk OTC company because they realize that though the risk is high, the upside potential is also very high.

Opinion: While I am aware of the significant risks involved, which could include loss of all my investment capital, I continue to believe the upside potential is still extremely high and is worth my continuing to hold and/or accumulate shares. I believe that despite some of the unforseen delays and sales that have not met expectations (however unrealistic they might have been) we are making progress toward full market penetration.

Opinion: I believe, based on what I know about BIOAGRA's sales and marketing activity, the response of the marketplace and existing market conditions that the product has gained the attention of the industry. I believe that, given additional time and resources, significant sales and revenue will be the ultimate outcome and will lead to long-awaited profits showing up on the balance sheet of VYTA Corp. I believe this will have the desired effect on share price.

Fact: I cannot predict the timing nor the certainty of that happening. However, I am optimistic by nature and am hopeful of someday selling a portion or all of my shares at a significantly higher price than I paid.

-zties