Ceased Operations May15, 2009

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Message: Sorry....

Sciwag and PMB,

As always, it is easier to be a "Monday morning quarterback" than to actually do the work. Having the benefit of hindsight can make anyone seem brilliant.

HOWEVER, consider a different scenerio.....

Vyta and Justin are 50% holders in the company and just as sales were starting to filter in Justin Holdings ponies up a couple of million bucks and takes 70% control of the company, or maybe 80% or 90%. It could have as easily happened that way as the way things shook out. Had that happened, I can just imagine the outcry from Vyta's investors.

When we entered this partnership I certainly had no idea how likely it would be for Justin Holdings to put more money into the company. Did you? The 50/50 agreement insured that we wouldn't be squeezed out and that we retained equal partner status.

When Vyta raised more money and put it into BIOAGRA, LLC, it was done as a loan. The loan was secured by all the assets of BIOAGRA, LLC. After all this time, there has been no repayment and Vyta Corp shareholders have paid for the additional funding through dilution. Foreclosure now seems to me to be the best option.

-zties

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