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Not sure where you got the buys and sells. I bought 815,000 shares myself.
My guess is that investors still need confirmation of revenues RECEIVED.
Received an email from Rich today linking today's news release. Never had that happen before.
I'm hoping your decimal point is in the wrong spot.
Sure Fdc, whatever you say in your incoherent way.
I feel like I have been a naysayer lately; but don't blame me, blame the DOC. His tremendous historic lack of credibility has driven us to this point. Like many here who have heard it all before, we remain jaded, quietly waiting for confirmation of the latest emails. If/when they get confirmed, I will be first to jump firmly back on board the bandwagon right before I give my notice and order my brand new GMC Sierra crew cab with the towing package for my new bass boat.
For now, back to reality and .005 per share.
Wow, been here many times before with wild pps predictions. It is definitely exciting to think about. I hope it's true this time. It's been a long time coming!
That's funny. We've now set the bar so low that we consider it a win when we are able to go a day without losing any more money. I think we will know pretty quickly if the last PR is just another one of a string of BS PR failures. The Doc has to know that the price action reflects his severe lack of credibility. At this point, talk is cheap and results must be proven via the financial statements; better yet, audited financial statements.
Having said all that, any sign that the new employees aren't fictitious or that the deal is for real (i.e. revenues posted and money in the bank) and we are off to the races.
"The World Health Organization (WHO) on Aug. 14 declared the outbreak of mpox in Africa a public health emergency of international concern..."
Maybe the Doc is onto something targeting Africa.
I agree with all of the comments that we need more meat on the bone to excite investors. However, I am wondering if disclosing the specific terms of the deal would prejudice the Company's ability to negotiate future deals.
Would still love to still names of people who were hired, the name of the distributor in Dubai, etc.
Wow, what WTF is going on with the whole market??? My retirement date keeps getting pushed back.
HaHaHaHaHaHaHaHaHaHa!!!!!!!!!!!!! Good one!!!!!
And you believe him? At this point, his words have no credibility.
This stock is in free fall. I am watching my investment wither away to nothing. Man this is really maddening and incredibly depressing. The silence from our f*cki*g ahole snake oil salesman is shameful.
Viaderma, Inc. is still listed as revoked in Nevada and no word from securities counsel either.
Not many posts lately. I guess there's nothing to say anymore. We're in free fall waiting on something, anything from Nigerian counterpart.
Can someone reach the guy who's supposed to be in charge of the company. Tell him the company is on fire and he needs to put it out before there is nothing left.
Not me. I was ok sending a letter to VDRM's securities counsel but not to the SEC. To me, it's one of those be careful what you wish for scenarios. We may win the battle but lose the war if the stock becomes untradeable. Honestly though I don't know much about the complaint process as to whether they will jump on it and take it seriously or throw it in a pile with the rest of the penny scam complaints.
Maybe their business model is that VDRM will not actually carry inventory. I had noted that the Company has not reported any inventory on the balance sheet for about 3 years. Something that GC pointed out ...the fact that they created a distributor (Viaderma Distribution) may be such that the distributor is the entity that is supposed to actually carry the inventory. Or maybe the Company intends to sell direct from the manufacturer in which case the Company never takes title to the inventory. Maybe this all would be relevant with a real company; coming from Otiko, it's likely all fraudulent bullsh*t.
Congrats Otiko. Trading in .004s, a new low. You must be so proud.
Received a response from Attorney Grace:
Kenneth C. Grace
From:
kgrace@lashwilcoxandgrace.com
To:
David *****
Cc:
drotiko@yahoo.com
Wed, Jul 10 at 12:02 PM
Thank you for writing. I’ll make an inquiry.
Sent from my iPhone
cotiko@viaderma.com
chris.otiko@viaderma.com
chris@viaderma.com
richardinza@gmail.com
Thanks, I am going to resend it. I don't expect any answers but I'll give it a shot.
The attorney email and both Otiko email addresses have bounced back as undeliverable. The attorney's email was rejected and Otikos emails indicated that his addresses no longer exist. This guy is slippery.
I just sent this email to securities counsel, Otiko and Rich:
Dear Mr. Grace, Esq.,
I am a long time shareholder of Viaderma, Inc. ("VDRM"). I noticed that you/your office is listed as securities counsel in connection with the quarterly report of VDRM issued for the period ending March 31, 2024.
Per my review of the public records in Nevada, I noticed that Viaderma, Inc. is listed as revoked although no termination date is listed:
Entity Name: VIADERMA, INC. Entity Number: E0155292010-5
Entity Type: Domestic Corporation (78) Entity Status: Revoked
Formation Date: 04/06/2010 NV Business ID: NV20101250034
Termination Date: Annual Report Due Date: 4/30/2023
I also noticed that shortly before the Annual Report Due Date, an entity was created in California with the same name:
Viaderma, Inc., a Nonprofit Corporation - CA Mutual Benefit on 2/9/23
It appears that the Nevada publicly held entity has ceased to exist while an entity with the same name, albeit a Nonprofit Corporation - CA Mutual Benefit has been created around the same time period; the principals of both entities being Christopher Otiko.
None of this information has been disclosed in the quarterly report, although the transactions occurred and the information was available prior to publication of the report. Furthermore, I believe a reasonable prudent investor would find this information to be relevant and material and one that could affect an investment decision and therefore such information should have been publicly disclosed either via a quarterly report or a separate public disclosure.
I am hopeful that the information provided in this email is not complete and that the Company has and will provide a reasonable explanation for the revocation of the Company in Nevada and the apparent reincorporation in California.
Also we hope that the Company will update the shareholders in the near future on a very long list of public announcements concerning potential business activities over the past 7 years; none of which have ever come to fruition. In this vein, the footnotes to the financial statements have not been updated in five years and fail to comply with the company's legal obligation to disclose current relevant financial information on the business activities of the company.
Thank you.
Anyone have any idea what is going on??
Also found this in California
VIADERMA, INC. (5501054)
Initial Filing Date 02/09/2023
Status Active
Standing - SOS Good
Standing - FTB Good
Standing - Agent Good
Standing - VCFCF Good
Formed In CALIFORNIA
Entity Type Nonprofit Corporation - CA - Mutual Benefit
Principal Address 5901 WEST CENTURY BLVD
SUITE 750
LOS ANGELES, CA 90045
Mailing Address 4 BAHAMA BEND
CORONADO,CA92118
Statement of Info Due Date 02/28/2025
Agent Individual
Christopher Otiko
4 BAHAMA BEND
CORONADO, CA 92118
Found this about Viaderma, Inc. in Nevada:
Entity Name: VIADERMA, INC. Entity Number:E0155292010-5
Entity Type: Domestic Corporation (78)Entity Status: Revoked
Formation Date:04/06/2010NV Business ID:NV20101250034
Termination Date: Annual Report Due Date:4/30/2023
Registered AGENT INFORMATION
Name of Individual or Legal Entity:. Resigned Status: Resigned
CRA Agent Entity Type: Registered Agent Type: Non-Commercial Registered Agent
OFFICER INFORMATION View Historical Data
Title Name Address Last Updated Status
President CHRISTOPHER AYODELE OTIKO 23251 HAMLIN ST, West Hills, CA, 91307, USA 04/29/2021 Active
President CHRIS OTIKO 4640 ADMIRALTY WAY SUITE 500, MARINA DEL REY, CA, 90292, USA 04/29/2018 Active
Secretary CHRIS OTIKO 4640 ADMIRALTY WAY SUITE 500, MARINA DEL REY, CA, 90292, USA 04/29/2018 Active
Treasurer CHRIS OTIKO 4640 ADMIRALTY WAY SUITE 500, MARINA DEL REY, CA, 90292, USA 04/29/2018 Active
Director CHRIS OTIKO 4640 ADMIRALTY WAY SUITE 500, MARINA DEL REY, CA, 90292, USA 04/29/2018 Active
CURRENT SHARES
Class/Series Type Share Number Value
Common 1,250,000,000 0.000100000000
Preferred 50,000,000 0.001
So (trying to put a positive spin on things), it is not necessarily a bad thing that VDRM has no inventory on the balance if the business plan is that Viaderma Distribution, Inc. handles that end of the business? I'd feel a little better about it if VD was a wholly owned subsidiary of VDRM and not privately held by the largest shareholder and insider of VDRM.
Looking at past balance sheets, it doesn't appear that the company reported any inventory since June 2021. GC would know better.
"Product is out of stock and orders are not being accepted until stock is replenished"...and the dog ate my homework.
If for a moment I believed that the company ever had any inventory to begin with, I might be excited to think that the product was selling like hotcakes and flying off the shelf notwithstanding the jacked-up price of $149. In the real world and not la la land, where the company has no inventory, no sales, and no cash, once again I find the company to be totally full of sh*t to the point where the company appears to making intentional material misreprentations and deliberately misleading shareholders about the status of company assets and revenues and business activities. Company leaders have no shame and will do anything to maintain the illusion of a viable enterprise.
Show me financial statements audited by an independent CPA firm reporting material sales and revenues earned and collected from a third party not affiliated with VDRM and I will be happy to tout company accomplishments. Until then, its all smoke and mirrors IMHO.
I feel like this stock is coiled for an explosion with the right news. If only the company had a leader that could produce more than fluffy words. I wonder what Otiko's reputation in the medical community really is. The product exists and reportedly is the greatest thing since sliced bread. Then why can't a deal be struck to market and sell it. Why is that so difficult? You cry wolf too many times and eventually nobody believes you.
I imagine this has been posted before but I did verify his medical license:
OTIKO, CHRISTOPHER A.
LICENSE NUMBER: 4159 LICENSE TYPE: DOCTOR OF PODIATRIC MEDICINE
LICENSE STATUS: LICENSE RENEWED & CURRENT hint EXPIRATION DATE: NOVEMBER 30, 2025
SECONDARY STATUS: N/A
CITY: TARZANASTATE: CALIFORNIACOUNTY: LOS ANGELESZIP: 91356
Time and money might be better spent calling a shareholder meeting and firing him. Shareholders could then approve a slate of reputable directors and appoint someone else to run the company. Other agenda items would be to terminate that ridiculous stock award and terminate all licensing arrangements with any Otiko affiliated entities. Of course with these actions, the company will end up in litigation anyway.
Let me spell it out for you. Your predictions of news mean nothing.
It goes without saying but I'll say it anyway. Everything said on this board, every prognostication, guess, prediction, estimate, etc. is purely opinion and speculation and must be taken with a huge grain of salt. No one knows anything on this board otherwise it would be inside information. Otiko is accountable to no one and moves at his own glacially slow speed notwithstanding any statements to the contrary.
At least no one is selling.
Has anyone complained directly to Otiko with these types of allegations? I my mind, that would be the first step. To Otiko: Attached please find a copy of a compliant that the shareholders intend to file with the SEC. Some thoughts for a complaint:
"On such and such occasions from the period from June 2023 through June 2024, I and many other shareholders have reached out to Dr. Otiko requesting information on the status of various public news announcements. Otiko has consistently refused or otherwise failed to provide any meaningful updates on any announced deals. In fact from 2017 through 2024, there have been "X" number of announcements covering various topics as summarized below.... As of the date of this letter, not one such annoucement has ever come to fruition. In addition, Otiko has consistently failed to update the notes to the financial statements for over 7 years. Much of the information stated therein is stale and outdated and provides no meaningful information on the status of any prior announcements or present business activity. Furthermore, Otiko has never held a shareholder meeting and communications with the shareholders, when published, are vague, intentionally couched to become difficult or impossible to verify and provide no real basis in fact.
I note that the during such period of time, Otiko has diluted ishares outstanding from _____________ to _____________ and increased his cash compensation to $___________.
In addition, Otiko has awarded himself stock compensation as follows: .....
Furthermore, Otiko has usurped corporate opportunity by transferring distribution rights to the company's flagship product to a private entity owned by Otiko and has carved out lucrative licensing arrangements for his privately held company. Such licensing arrangement permits Otiko to sell the product under another trade name and retain a significant source of revenue from such sales. In doing so, Otiko has bifurcated and stripped a valuable asset from the company for his own personal benefit."
7 years of bullsh*t PRs and nothing to show for it...but DB "is fine with his investment!" Well, that's a relief.
Hence the reason he doesn't get hired by any larger/reputable tickers.
Volume: 77,777.
Triple sevens baby. Here we go baby!!!! Look-out! Sorry - I'm getting desperate for news.
Rich's role now makes a lot more sense to me. I was thinking that Rich was somehow employed by the Company and wondering why he is always so nonresponsive. In retrospect, it makes no sense that Rich would be exclusively employed by VDRM, especially since the company has no money to pay him. It seems that Rich is probably an independent contractor who handles investor relations for other micro caps. That helps explain why he doesn't get back to people. He is either busy with other companies who may have actual news to report or simply doesn't know the answer because he is not in daily communication with the company. So yes, IR is absolutely useless.