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Because I can see it in the financials........maybe if you took the rose colored glasses off aND read through them you might understand.....but I doubt it. .......
Here is dr. Otiko borrowing money from vdrm for his coast to coast business with the verbal agrweren't to himself that he will pay it back......lmfao ya sure he will.......and so far to date none of the accounts receivable have been paid to vdrm..........and now we are waiting on current filings to see if they have indeed been paid yet. Which I highly doubt. So, not only has he diluted the share count, dr. Otiko is indeed pocketing the accounts receivable money also
Page 24 from the last filing shows vdrm is close to bankruptcy.......otc markets, go to disclosures and click on the filing.......read it all........especially page 24
These are ALL IN THE LAST FILINGS.......
HERE IS THE MONEY LAUNDERING PONZY:Disclosure of Related Party Transactions.
As of June 30, 2018 and December 31, 2017, the Company had accounts receivable balances
from related parties in amount of $386,893 and $371,565, respectively. The related party sales were to
either Coast to Coast Podiatry Inc. or Neurogenx NerveCenter of Newport Beach, the second office of
Coast to Coast Podiatry Inc. opened in September 2016 under a different DBA. Coast to Coast Podiatry
Inc. is related by virtue of the majority interest being owned by Dr. Chris Otiko, the President of the
Company. In additional to the benefit of the Company getting the sales associated with these transactions,
the Company uses this platform to evaluate results and any quality control issues that could arise with the
products since Dr. Otiko is able to monitor the businesses.
To date, there have not been payments yet towards these amounts. However, the Company
expects to begin receiving payments towards the balances during 2018.
As of June 30, 2018, the Company had due to related party in amount of $29,549, which was
borrowed from Dr. Chris Otiko for daily operating expenses. The borrowing was not evidenced by
promissory note, but rather was oral agreement between Dr. Chris Otiko and the Company, and due on
demand.
On December 27, 2016, we were assigned an exclusive use of a new provisional patent developed
by a company controlled by our President, Dr. Chris Otiko in exchange for the cash payment of One
Dollar ($1.00).
PROVISIONAL PATENT NUMBER: 62433964
ENHANCED ANTIBIOTIC AND DRUG DELIVERY FOR AQUEOUS TOPICAL
APPLICATIONS FOR HUMAN AND VETERINARY USES
E. Disclosure of Conflicts of Interest.
A significant portion of the Company’s historic revenues are from medical offices related to our
President. Additionally, The Company began to market its Vitastem product through Biogenx, Inc. during
the fourth quarter of 2017. Biogenx, Inc. is minority owned (25%) by the Company’s President, Dr. Chris
Otiko. While the Company believes these transactions are at terms that would similar to arm’s length
transactions, there is always a possibly a conflict of interest may arise.
Item XII: Financial information for the issuer's most recent fiscal period.
The unaudited balance sheets, statements of operations, statements of cash flows, statements of changes
in stockholders’ equity, and financial notes for the six months ended June 30, 2018 were filed on August
31, 2018.
Item XIII: Similar financial information for such part of the two preceding fiscal years as the issuer
or its predecessor has been in existence.
The unaudited balance sheets, statements of operations, statements of cash flows, statements of changes
in stockholders’ equity, and financial notes for the three and six months ended June 30, 2018 were
simultaneously filed with this disclosure statement on August 31, 2018.
The unaudited balance sheets, statements of operations, statements of cash flows, statements of changes
in stockholders’ equity, and financial notes for the years ended December 31, 2017 and 2016 were
previously filed on March 29, 2018.
Item VIII: The nature of the issuer's business
• Business Development:
ViaDerma, Inc.’s lead product is an FDA registered topical antibiotic called that will be sold
under the brand name Vitastem™. The Company also has products in development in the following
fields; anti-aging skin care, pain management, hair-loss, and toenail fungus. The products are based on a
patent pending delivery system technology that allows for rapid mass transfer of the pharmaceutical
active ingredient across the skin and into the body to provide immediate localized therapy. Detailed
product information is available online by accessing the Government website, DailyMed.
The Company utilizes a specific Trade Secret Formulation System in the manufacture of all the
products.
On January 31, 2014, the Company purchased an exclusive license (the "License") on the patent
pending technology from Dr. Howard Phillips represented by US Patent application #20130190274. The
Company amended the License on January 20, 2017 such that it is now a non-exclusive distribution and
licensing agreement.
Can you post any proof?????? I'm going off the last financial's posted, and past dealings with this company..........you have no proof on deals being signed, financial's being updated, or anything. But week after week you post a deal is coming next week, next week, next week, next month, next year, now January.........still nothing. Do you realize that vdrm doesn't even own the drug it's selling? Dr. Phillips owns all rights to vitastem, no license agreement, no drug to sell....... equals bankruptcy.......they aren't even making enough in sales to cover operating costs.........lmfao
It's coming slops..... sooner than a deal will..........sounds like you know nothing at all about this company imho........
I'm just wondering how long before the stop sign shows up on the otc markets........that will show before a deal does.....imho
Slops has been talking deals for a while now......as you can see, no deals yet.......but it's always next week, next month, or now this year........shows how credible he is and this company too......
What's funny is the patent isn't even dr. Otiko's to sell......dr. Phillips owns the patent..........
Lmao if that's what you call those small sales on amazon..........
11 days left until this company is at least 60 days late on their filings.......seems kind of like their deal signing deadlines now that they never accomplish...........no deals, no filings, no money, no license agreement no vitastem, no company.....=.....bankruptcy........
Come on.....this company has so many positives going for it, just let me think of one.........CRICKETS.........
Definitely not you slops......sorry
Stop sign coming soon slops........
Where's the financials slops???????
Flippers loading.......fools and their money will be sorry soon. What happened to that deal that was all but wrapped up slops??????
Go figure.....dr. otiko is hiding under a rock somewhere in california.......probably smoking himself retarded........
Look at the last financial's.......it's pretty obvious this company has more liabilities than revenue..........what do you think is going to eventually happen??????? A deal?????? That's a pipe dream......
30 days left in January.......the doc is already running out of the month of January........dr. otiko probably won't even get the financial's done this month, let alone get a deal signed.....lmfaorotflmao..........this company is over..........bankruptcy coming soon
They dont have any answers.......
Lmao.....whatever you think man......
I never said I'd give them another year?????? Do you have trouble comprehending what you read?????? I think so.......
Definitely not giving them a year, just long enough so I can get my money back......that's it
Happy new year!!!!! Now let's see the gold.....go kcpc in 2019
Sideways?????? Lmao.........
QUOTE: "THIS CLOSES GREEN TODAY. JUST WAIT AND SEE".........WELL?
Not green......better get used to it......
Not green.....
I can't wait to see what all these pumpers say at the end of January when the fins still are filed, no deals signed yet, and otc markets have a big red pretty stop sign posted next to vdrm...........this company isn't making it through 2019 guaranteed.......
All I hear is crickets........
The only problem is this company still sucks.......no news, no money, none of their own products, no financials, no credibility, equals bankruptcy coming soon........
Lmao! Sure it does..........
The only routine I see is the doctor diluting shares every 3 months to pay for the financials.......what's the problem now??????
Financial's are way overdue......how's the doc gonna pay phillips for licensing? No licensing, no company = bankruptcy
Let the dumping begin......this is gonna be UGLY........
No money for financials, no money to pay for licensing of vitastem through dr. Phillips, no money, no money, no money,..........January is going to be no different than 2017, and 2018..........well maybe a little different, at least in 2017/2018 the doctor had all sorts of smoke to blow, but now, nobody knows what the heck is going on..........company went silent......NOT GOOD AT ALL.........ACTIONS SPEAK LOUDER THAN WORDS DOC..............
It just shows how much this guy knows about vdrm. I don't care if i.r/otiko told him that, past p.r's proves that you cannot believe a word dr. Otiko says........it's all b.s. and the end is near for vdrm..........shut the lights off before you leave........and don't let the door hit you on the ice on your way out........
Happy new year........unfortunately not for this company. We all have been taken to the cleaners. I can't even bring myself to sell for a loss on this...........I'm holding until the ship goes down, which the way it looks, will be soon..........
I'd bet the farm there are no deals