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Tom, do we really think they’re still a going concern at this point? Hard to believe they have any cash left to burn through. If they are still burning, through what little they might have left, then surely that means they think a future cash raise is still on the table, otherwise it’d be throwing good after bad.
I see. Well at least it's something. And the symbol is still showing on Schwab, albeit with a 0 balance still. I wonder why they aren't marketing the IPO to us. You'd think they'd want to invite us to participate, through a simple press release giving an update on their business and telling us how to get in on it. After all, we already have skin in this thing, so we obviously have an interest in seeing it succeed. If it weren't for you, I'd have no idea that an IPO was even in the works.
Haha something to look forward to! Where are you getting that date from?
Also what caused the new ticker to be added to Yahoo, then removed, then reinstated again?
At one point, at least, the press was all agog. Then, nothing. https://beststocks.com/vitro-biopharma-inc-revolutionizing-healthcar/
Hear something from them? After 2+ years of nothing? Thanks for the laugh, I needed that!
Well I guess we're used to waiting huh? Wonder what prompted Yahoo to put it up a couple weeks ago, and then now to take it down? As you say, looks like we are at a critical juncture here. Heck it's been 2.5 years of waiting now, so what's another month?
Too bad about Meso. They're getting hammered again today. I remember lots of trash talking going on between us on the Yahoo board back in the day.
Yes Schwab is now showing the VTRO ticker, though the dollar amounts are still "N/A". I assume they will start showing on Thursday, if that date indeed turns out to be the one.
Yes thanks for the update, much appreciated.
Mine does too, though not VTRO yet. Frankly I can't wait for the good ol' bashers to come back and trash us again. Ah those were the days!
I'm still showing VODG, but I haven't contacted them yet. Keep us posted!
Tom, doesn't this have to happen first? "If the Company’s application is accepted by the NYSE American, the Company expects that its shares of Common Stock will trade under the symbol VTRO.”
Good to know what the CFO had to say.... looks like things are on the up and up. Thanks Tom. I for one can't wait to finally be able to focus on the merits (or not) of the company, as a regular shareholder again.
Good to see! "If the Company’s application is accepted by the NYSE American, the Company expects that its shares of Common Stock will trade under the symbol VTRO”. Any idea of how long it would take for the application to be acted on?
Good job giving Schwab a heads up, and thanks for sharing their response.... glad that they seem to be ready for it when the time comes. And no, I don't think you're out of line at all with Haas, seeing that they've been totally remiss in not even attempting to give us updates..... we'd might as well have been living on reds, vitamin C and cocaine.
Thanks Tom, that's great news. Please let me know what Schwab says. Cautiously optimistic!
Tom, thanks for spelling it out like that. Very helpful. Disappointing that they haven’t reached out to us at all, even if they may have no obligation to. Yes I have Schwab as well, and they are still showing the shares at no value.
Tom, but why nothing from them on our shares? It's been 2.5 years now. You're speaking very capably on the prospects of the company, and yes I agree, it's a high-risk play for us. But what leads you to believe that we will get our shares back, so that we can actually participate in their prospects and, as part of that, speculate about the company etc. on boards like this, as normal shareholders would get to do?
Good insights there Tom. Sadly, 2.5 years later, we still don't have an answer. I guess you could say it's blowin in the wind. ;)
Tom, sounds promising indeed. Thanks as always for your thoughts on all this.
Tom, I like your thinking here, a sound blueprint to get things going again. Thanks as always for your insights.
And of course 2.5 years since the SEC revoked the registration, on 10/13/20. Not a peep about the status of our shares.
I am impressed with the level of detail in their filing. Other companies of similar ilk will give short shrift to these kinds of things and/or pile on the BS. As you’ve said, Vitro do appear to have a promising business here, with treatments that could really make a difference. Experimental therapies, for which animal testing is no longer required, especially could lead to significant breakthroughs.
I too skimmed it and I see there are 3,200 of us unfortunates:
As of January 23, 2023, we had 115,160,180 shares of common stock outstanding, held of record by approximately 3,200 stockholders. There were no shares of preferred stock outstanding.
Under a section captioned "Risks Related to Ownership of Our Common Stock":
Our principal stockholders and management, including our former Chief Executive Officer in particular, own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval;
There currently exists no public trading market for our common stock and you may not be able to sell your shares of common stock if an active trading market does not develop;
You'd think the upcoming annual report would shed some light on all of this. Hard to believe they could ignore it there. At least put it in a footnote :)
Anyone going to be in Utah?
Thanks Tom. I've never heard of this kind of scenario. I see, so if $17M isn't sufficient for a standalone IPO, then yes it seems the legacies would have to come into play. Keeping my fingers crossed, first, that it will actually play out this way, and second, that Schwab can turn it around correctly (I know you have them as well, we'll have to compare notes). The SEC revoked the registration on 10/13/20. Hard to believe that we've been frozen out of our shares - and our money - for so long.
Tom, thanks for the heads up. Seems like something is going to happen soon.
But wouldn't they do the IPO using a different symbol, say VDGO? I guess I don't understand the use of an IPO here if they are going to revive the legacy stock. Raises for existing tickers are typically done through taking on debt or dilution.
Further dilution, another 13M shares, without explanation. Now over 400M outstanding. FFS
Working with the FDA instead of around it. Key distinction. I think we have a good shot at legitimacy here in the US with our novel therapies, given that our treatments have shown so much promise, bolstered by, as you say, the offshore data. Great news on Zamora. Thanks for the update and insights, as always.
Tom, thanks, I do see progress here. A good thing!
Fantastic, thanks. Looking forward to seeing what you find there.
Tom, great finds, this is very encouraging. Thanks for your insights!
Yes, as you say, just a simple update on the status of our shares -- "everything is on track", "we're working on it" - would be real helpful. That's what concerns me. If it were me, I'd want to do everything I could to keep my shareholders apprised and assuage their concerns. Don't know how they could be so completely neglecting this kind of communication, if everything were on the up and up. That more than anything is what gives me pause.
That's an interesting take Tom. It does make sense, especially after events like this. https://www.thepharmaletter.com/article/talaris-tanks-after-patient-death-in-phase-iii-trial. Of course for the last two plus years, we've been relegated to mere spectator status, as we see these developments unfold from the outside looking in, in spite of being a bona fide shareholder, at least on paper.
I've been in this for years as well, with a breakeven point of 2.4¢. Our market cap is now a miniscule $2.2M. That is tiny for a company with this kind of opportunity. “Assuming a 10% - 50% replacement rate for graphite, the total potential demand for silicon-derived halloysite could be 875 million lbs. - 4 billion lbs. annually by 2030.”
Yep lowest volume today in the last few weeks. Only about $6,000 traded.
Yep lowest volume today in the last few weeks. Only about $6,000 traded.
I'm just surprised that a holder (be it the IR firm or someone else) would just dump it all at once like that. Why not sell, say, 500,000 shares at a time, with limit orders, over the course of a day or two?