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Hasta la vista, baby!
Agree with you fully on this one. Set up an X space or zoom call with otiko would be great since the pr guy is useless. Think these are the only emails that seem to get through to him that are in old PRs and on this board. drotiko@yahoo.com and chris@viaderma.com
CEO is either in it to win it or just needs to step down and bring in a pro CEO to run this thing. Enough is enough.
Here are the beginning steps of the CEO corrective action plan, for remaining 2Q24, since yet another quarter has been largely squandered, without any improved shareholder value, AGAIN:
1) Now that he returned the ridiculous $700K personal loan (assuming 2Q24 financial report confirms), for the phantom “expenses”, supposedly paid by him, that are not backed up by the Balance Sheet, he should NEVER mention the phantom expenses again.
2) Return the extra 95.5 Million shares he gifted to himself (or grifted for himself) in 03/28/23 transaction. He was legitimately owed 4.5 Million for compensation principal and interest ($118K), but nothing else, especially when his near-total lack of performance and return for shareholders is factored in.
3) Revise the financial report section 4) Issuer’s Business, Products and Services, and any other affected sections, as per regulatory requirements and fiduciary responsibility to shareholders, to document what is ACTUALLY going on in the company, the little that there is, and not be insultingly, infuriatingly, and totally 3-7 years out of date.
4) Announce officially (correctly this time) where the state licensing stands. Is it ONLY 10 states as per the financial reports for the last four quarters or is it 11 states as per 3/2/23 PR, and then 14 states as per 10/24/23 PR? Then re-issue financial reports or issue clarifying PR, as required to correct the record or define current status.
5) Renounce that totally UNDESERVED, INSULTING employment agreement clause he gifted himself with (bonus of 30% of any revenue generated from contracts he brings into the company for the first $1,000,000 in any fiscal year, or a bonus of 40% of any revenue generated from contract he brings into the company over $2,000,000 in any fiscal year (NOT THAT HE CAN CLOSE A DEAL ANYWAY)), for basically just doing his job, which he is already compensated for.
6) Commit to only rewarding himself for actual business results for the company and shareholders, and in an amount commensurate with reasonable and customary (like the following clause: If the stock price reaches $1.00, CEO shall receive an additional one-time bonus of 20,000,000 shares of common stock.)
7) Commit to timely, accurate, complete reporting of information to shareholders, via financial reports and PRs, including close out of failed ventures.
8) Find competent sales people POST HASTE and FINALLY begin to close deals and add SIGNIFICANT value for shareholders, instead of pumping “imminent deals” that never happen, and are never heard from again, as he has been doing for more than half a decade.
9) Do his job for the company and shareholders!
It's time for shareholders to call a special meeting and the shareholders and grill the CEO. If he fails to attend the meeting, I'll make a motion to terminate him.
Naah, this time he got anxiety and bent on his knees, mate. He didn’t bank this time. I know ORCA, he would be showing off his success all over. Wherever he is, his knees shall be shaking
Uh huh.....Orca made bank flipping..
Dude, he probably got a few cousins that just arrived to the US that will be in his payroll. You will not see a strong name added. Just 2 kids that will take notes of whatever he says. IT WAS A PR made on him... If he post such on fillings and approved by attorney letter, then I WILL BELIEVE IT, otherwise, it can go 100 days, it will not cause any impact!!! One thing is certain: He will pay those 2 with more dilution, at our expense
I know of one: The influence of ORCA getting addicted to acid and sending him to E.R.
The Doc landed that on his hands, the poor ORCA health is done because of VDRM
LMAOOOO HAHAHAHAHAHHAHA, ohh gosh, I did turn red of laughing
Not sure but I understand your point. However, business is business... It wont affect the contract they have on the license deals, I would not worry on that side. One thing they are associated and another is getting a contract on a product
Very accurate post! Says it all really. Facts are facts.
Sure sloppy. Show us ONE PR that has ever materialized. Just ONE.
Nupelo?
CBD pain relief product?
OTC Uplisting?
Dubai deal?
VA deal?
HMO deal?
Hospital deals?
Wholesale reseller deals?
Overseas shipments in March?
50 states licensing deals?
Any US sales?
Anything?
Bueller?
Not one to date has ever materialized. Don't hold your breathe sloppy.
We will see if the last PR is true within 30 days.
With new staff working on sales and the Dr. having more time
to focus on the company things should start to happen soon.
Just my thoughts.
They might still be paying for licensing the product, however everything with Viaderma is a big ass TBD. We'll only see in the filings which are almost always late.
$1 million on the books? Any inventory on the books? International sales on the books? New state licensing deals on the books? Anything new?
That's what needs to be addressed and fast!
Well this sucks, wasn't wound pros paying the so called license deals?
Interesting your findings on Dr. Chris Otiko is no longer employed with Wound Pros. ViaDerma took lots of pride with the association. Anyways, I am not surprised either, non-profit organizations don’t take well on the long road people with such questionable reputation as the Dr describes in his own BIO, even if he got exonerated from such federal situation. I am really concerned and if some of you are willing to team up to open an investigation case, count with me as well. I am ready to lawyer myself up and begin to knock the SEC’s doorbell over this possible Ponzi set up.
Sad because he got something good going in here but that is what the greed built in Men drive you to do….
If he is natty, he will soon learn that it is not what you don’t know that get you in trouble but that you think it is but really isn’t!!
I wouldn't call them smoke signals. Shareholders are genuinely concerned about their investments in this company and they really should be.
Now Otiko dilutes another 40 million shares. No reason given by him or the useless PR guy either. We're far past the point of being patient enough to see results or have any inclination to what they are actually doing with the business. Still no mentions about Nupelo, Dubai deal, or all of those overseas shipments in March that they PR'd and tweeted about. No inventory on their books either while Otiko gives himself $700,000 but now claims the company is in its best place financially? No one believes this BS. Where are all the sales for the strongest topical antibiotic in the world?
At this point, it will likely take a class action lawsuit or filing multiple SEC complaints to uncover what they are actually doing with an investigation and discovery.
email cotiko@thewoundpros.com and get this response.
Thank you for your email. Dr. Chris Otiko is no longer employed with Wound Pros. Your email will be directed to the appropriate Wound Pros department for prompt handling. If you need immediate assistance, please contact Dr. Bill Releford at DrBill@thewoundpros.com or Attorney Keith Greer at KGreer@thewoundpros.com.
What is going on here? Isn't he the cofounder? He most likely got fired or maybe, just maybe he's going to fully focus on growing Viaderma now. Doubtful that is the case but a very small chance this might be it.
Dr will increase the A/S next. If he can’t dilute and get free product, this company is worthless to him
"When $99 . . . 50% price increase, is baffling" . . . Stupid things happen when dumb people have an idea . . . someone here in management must have had a thought
When $99 price point is ONLY generating from <$100 to <$700 in gross profit per quarter, per the clause below, over last six quarters, since restart of online sales, and after all of Intent Sciences promotion, even consideration of price increase, much less 50% price increase, is baffling.
On January 1, 2017, the Company entered into a licensing and distribution agreement with Biogenx, Inc. for the purpose of commercializing and distributing a topical antibiotic product to be branded VitaStem. On August 1, 2018, Biogenx, Inc. changed its legal entity name as Viaderma Distribution, Inc. The product will carry the Company’s tetracycline-based technology. This product will be separately registered with the FDA. Pursuant to the agreement, the Company will receive 50% of gross profit from sales of Vitastem. For purposes of the agreement, gross profit is defined as total revenues less cost of production, distribution and marketing. In addition ViaDerma will receive an additional 5% of gross sales as a licensing fee. The agreement was terminate on Marche 31, 2024 unless extended by both parties. Viaderma Distribution, Inc. (Formerly Biogenx, Inc.) has the right to terminate the agreement early with two month notice if it deems the arrangement to not be financially viable. This agreement was renewed on January 1, 2023.
So he can make an extra $50 per bottle, why else
And why all of a sudden did he increase the price per bottle to $149??? He didn’t even mention anything on that front in the last PR!
Only reason In my own opinion that Dr Otiko finally did a PR the other day was because of the “Smoke Signals” he probably was seeing of sick and tired investors who were speaking about going to file a complaint against him and the company for that whole Bullshit loan and definition of it in the quarterly.
Even the PR stinks to the high heavens as Bullshit. He probably came up with this “hiring” employees so that he can burn up the $1 million in cash the company is supposed to have on hand!!!!
I won’t believe anything further until I see concrete proof.
Disappointing, whereas this will likely turn trickle of product sales revenue into a drip.
Ohh my gosh, what is all this $HIT over me? Did the $hit hit the Fan? Yes it did because it spread all over the room. You are all ViaDerma dirty. Hahahahahahaha
Relax folks, ViaDerma been here before, better get these cheapies before it moves
I sure hope the doc treats his patients better than he treats his investors
$52 in trading volume today. No interest in this POS disaster.
I am still chasing answer to licensing revenue growing discrepancy. Sent follow-up email this morning whereas promised answer has not been received (2+ weeks and counting). I will pass along answer, if and when it is received.
They talked about being in 50 states over a year ago and to date, they're not even in half the US. Based on the filings, they have no new sales but more of the same BS PRs and no one at Viaderma will even answer shareholders for the most part.
It is finally at 0.005 level. We been around here before. History repeats itself in here for sure. Buy the dip while you can, this ponzi moves per season
All forms of vitastem with tetracycline is the old formula that stains everything. Maybe the old formula being pushed in his native African nations?
Just went to order a bottle vitastem from there website. They have raised price of 55ml bottle to $149. That's 50% increase in price from a month ago.
One or two international sales would be big time. Domestic expansion to our previously talked about 50 states woul almost yield the same upward results. Just looks so good in the planning paperwork but fails to catch on. Either one would provide more revenue. I think it is coming..
Don't think so. It's just licensing fees and based on their financials and the only deal they seem to have on their books.
It would be great if the pr guy rich or otiko would actually answer shareholders questions and concerns so everyone could have a better understanding of what they are actually doing and sales in the pipeline.
International sales have been talked about for years now and nothing ever comes to fruition, just like them shipping tons of product out in March. Now we just get more crickets and BS PRs.
Does VDRM book revenues from TetraCyte sales that go through Wound Pros Company?
I email dr Otiko and re never a very quick response that the good doctors no longer is employed there?????? What to heck is going on, who running thus place?
Doesn't vdrm have a patent for the vitastem?
Old news. This was done years ago.
Try emailing Otiko at the wound pros.
cotiko@thewoundpros.com for answers about it and see what he has to say.
CEO is rarely inclined to properly or promptly inform shareholders, to put it mildly. However, best guess is that it will fall under similar (but currently unannounced) clause like this, from 1Q24 financial report, for countries versus states: "On January 4, 2021, the Company entered into a three-year exclusive distributor and licensing agreement with an affiliate of the Company. The Company provides the FDA registered medication, Tetracyte, to the affiliate’s medical practices in six States. The affiliates created their own private label for the wound care utilizing the Company’s technology." and will be at some as yet, unpublished licensing rate.
excelsiorvision I don't care about the last 7 yrs.
I does appear to be launching under The Wounds Pro branding. :)
Don't hold your breathe. Everyones been waiting for years for one but only get continual BS from them.
I agree 💯. We should be trading much higher than this for sure. Still when I am dreaming I see in the clouds 7-10 by January.
"We are currently in the strongest financial position in which we have ever been, said, Dr. Christopher Otiko, President of ViaDerma. This is the right time for us to bring on additional staff that will be in responsible for expanding our international sales." Don't let the sky is falling gang scare you out. :)
I posted this a long while back.............and was attacked. 😂 😂 😂 😂
It looks like another one Otikos back door companies besides wound pros is called national institutes of health (NIH)
Ya … the “doc’s” new product is “tetracyte” not Vitastem. Wonder who is producing it and who is receiving all the proceeds from the sale of the “new” INNOVATIVE product. It sounds like the EXACT same description of Vitastem Ultra but labeled tetracyte for wound pro’s exclusively. WTF is this sh!t. Are we the share holders getting back door swindled ??? Why does the same product need to be labeled differently ??? Hey doc … Why doesn’t wound pros use and sell Vitastem Ultra so both of YOUR companies benefit (especially VDRM) for you AND the shareholders sake ???
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ViaDerma's proprietary transdermal delivery system allows for rapid mass transfer of the pharmaceutical active ingredient across the skin and into the body to provide immediate localized therapy.
The technology allows transfer of chemicals through the stratum corneum (outer layer of skin) with a diffusion constant which is 10,000 times higher than the diffusion constant which characterizes water movement through the stratum corneum.
This enables ViaDerma to pair almost any active ingredient with the technology and provide rapid transport of the medicine right to the site of action.
The first product is a broad spectrum tetracycline-based topical antibiotic is the only antibiotic in the world that kills bacteria both a physical and a chemical mechanism. All known antibiotics (other than ours) primarily use only a chemical mechanism of kill. The physical mechanism of kill is a key feature of what we call Rapid Active Ingredient Delivery System (RAIDS). One result of RAIDS is that tetracycline is carried in higher concentrations, more quickly, to and through the cell walls, where the tetracycline can become more effective than if conventional antibiotics were used. Conventional antibiotics require more time (usually prescribed for 5 to 7 days for best results), whereas our tetracycline-based products usually produce desirable results in 24 hours (or less) because of the RAIDS effect.
A second important result of RAIDS is that the topical antibiotic kills all harmful Gram positive and Gram negative bacteria that have been available for testing. We believe this is the world’s strongest broad-spectrum topical antibiotic available.
The potential commercial impact is immense. Drug developers believe it takes much longer for bacteria to develop drug resistance to a physical kill mechanism. This is because it is relatively easy for bacteria to change their response to a chemical threat, but it takes numerous generations for bacteria to grow a new kind of cell wall structure to respond to a physical threat.
Our novel approach to overcome drug resistance of antibiotics is designed to sustain the effectiveness of antibiotics and other topical drugs for many years. This gives new topical drug products a longer useful lifetime and therefore more commercial value. This technology, when licensed to larger pharmaceutical companies, may provide stronger incentive for the discovery and development of new antimicrobial drugs. In recent years, the dearth of new antibiotics has been largely due to the uncertain new-drug commercial lifetime which is diminished when bacteria develop immunity to that drug.
In addition the technology can be licensed to other companies to convert existing oral drugs to transdermal medications extending the profitably of the existing drug.
We are developing products in the following fields of use;
Treats all types of bacteria including MRSA, VRE and other flesh eating bacteria. Fights drug resistant bacteria. $6B/year global market.
Onychomycosis, a fungal infection of the toenails, is a major health problem. It is estimated that there are in excess of 40 million sufferers with this condition in the USA. It is a problem throughout the world. A recent European study showed that the prevalence of Onychomycosis may be as high as 26.9%. Fungal resistance can occur when the oral antifungal agents are used on a long-term basis. Topically applied antifungal drugs may work somewhat better adjunctive to surgical removal or chemical dissolution of the nail plate. Yet, this often ineffective and traumatic procedure leaves the subject without a nail for months at risk for re-infection. Given the limitations of current treatment options in this $3B market, there is a great need for a simple, nontoxic and effective alternative treatment. Estimated Global prevalence rate: 140 million.
Treats symptoms of Influenza which is a$4B/ year global market: Common
Diabetic foot wounds.
Per 3/8/18 PR: ViaDerma’s technology is currently being used in Elixr Cannabis products; Topical Balm, Topical Serum and Topical Spray. Sales have begun in Canada.
Per 12/7/17 PR: The Company has signed an MOU and will start production of its Patent Pending CBD or Cannabinoids product line. The Company would combine its two Patent pending technologies, the MMJ Patent #62466209, a patent for delivering medical marijuana / cannabis to the body by applying the medication onto the skin in an ointment base topical solution and the second Provisional patent # 62433964 for enhanced antibiotic and drug delivery for "Aqueous Topical Applications" for human and veterinary uses. The Company would combine its proprietary solutions with CBD's and other natural products that treat psoriasis, fibromyalgia for pain and other ailments.
Per 1/23/18 PR: The Company has also a licensing and distribution agreement in place with its Canadian partners to produce a CBD Topical Serum, which has a 92% absorption rate powered by ViaDerma's Patent Pending Dual Carrier Technology. The CBD and Terpene profile (enriched with specific essential oils and vitamins C, and D) is crafted to alleviate Chronic Dry Skin, Psoriasis, Eczema, Rosacea, and many other skin conditions. The serum has anti-inflammatory, anti-bacterial, and chronic pain relief properties that are absorbed by the skin and provide overall healing benefits. Sales are expected to begin in the first quarter of 2018 and are projected to generate approximately $2 million annual revenues.
The Patented Pending CBD or Cannabinoids product line. The Company would combine its two Patent pending technologies, the MMJ Patent, a patent for delivering medical marijuana / cannabis to the body by applying the medication onto the skin in an ointment base topical solution and the second Provisional patent for enhanced antibiotic and drug delivery for "Aqueous Topical Applications" for human and veterinarian uses. The Company would combine its proprietary solutions with CBD's and other natural products that treat psoriasis, fibromyalgia for pain and other ailments. The Company plans to continue to expand its (IP) "Intellectual Property Portfolio" in 2018.
CBD is a compound found in the Cannabis family of plants such as hemp. CBD is combined into our topical body care products like Elixr's Topical Balm, Serum, and Spray.
CBD is an antioxidant. Antioxidants protect our skin from damaging exposure to smoke, UV rays, and environmental pollutants. Cannabinoid receptors are located all throughout the skin, Topical CBD products interact with those receptors resulting homeostasis and healing. Studies show that CBD can help treat an array of skin conditions such as eczema, psoriasis, rosacea, and acne.
"What is Intellectual Property?" - A Publication by the World Intellectual Property Organization -
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