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Now the narrative is they won't sell until news. I thought they were prohibited from selling for 24 months? If they were prohibited from selling for 2 years, news would not matter. Someone needs to keep their BS in order.
How do you explain the increase in the O/S shares if IS can't sell their shares?
"Why should it not be a success?" Are you serious? That is your specific answer to my question? Really? That is about as vague and ambiguous and unhelpful as an answer can get. Thanks anyway.
If I ever tell anyone here to buy a stock, run the other way. I keep throwing good money after bad here thinking I'm am averaging down and getting a bargain, then the price drops further. I'll bet if I sold short, the price would go up. At this point I am in so deep I need an air tank....(not ORCA deep) but a zip code changer for sure if this takes off. If not, I have a lot of explaining to do to the wife.
If some of the more positive shareholders here feel up to it, I would be interested to hear why some of you are so positive. Not just "be patient, things take time." Rather some legitimate thoughts/reasons for discussion why you think this Company will be a success.
Why would you start a huge marketing campaign without the cash? I agree. Further, why would a marketing company accept shares that they wouldn't be able to cash in for 2 years? I knew none of that made sense when I first heard it.
I am not ready to call the marketing company a POS just yet. It is not reasonable to do so at this point. Let's let them have a chance to do what they were hired to do.
Just wish Otiko would play it straight with us.
I guess all of the posts about the shares not being able to be sold until after 2 years was not accurate. First, someone said that it was Otiko who said they can't be sold for 2 years then someone said that the OTC prevents newly issued shares from being sold for 1 year....all bullsh**t.
I believe it was last updated in late December.
Great post!
Love that response from I.S. I have a good feeling about them. That and $1.75 might get you a coffee somewhere. Seriously though, they give me the impression that are for real. I promise not to beat on the Doc any more this month.
Agreed. I wouldn't want that deal either. However (rose-colored glasses now on), maybe they see such huge potential with the Company that they know the stock they are issued today will be worth millions and we'll all be floating on a yacht in the Caribbean.
I thought the new shares could not be sold for at least one year??
How is the Company going to pay for services when it has no cash?
So Otiko issues a press release without a signed contract?? Is that even legal?
If these are new issued shares they have to hold them for at least a year when they’re pinkies.
Very interesting...never knew that. Can you point me to where that rule is?
Drums, the Company did not say no dilution. It was reported by a poster on this Board who heard it from the Company. I have been complaining that if that was the case, why can't the Doc issue a Shareholder update confirming the share restriction and outline the intended use of the shares. At this point I think we must assume there are no such restrictions.
Yes, but before you get nothing, please buy-up the newly minted shares. The Doc needs a cash infusion. Don't worry, its for a good thing. Trust me. You'll see. Wink. Wink.
I guess it is unreasonable to think that us lowly shareholders could get an update from Management on how the shares will be used, any restrictions on the shares, timing, etc.
Hold-it! Wait! Stop! We were assured that there would be no dilution for 24 months! This can't be. This is a total shock and quite appalling!
Any idea how often OTC Markets updates the outstanding shares?
Agreed. Thanks for checking.
We knew that the marketing company was going to be paid in shares since the company has no sales and no money. The question is whether or not those shares are really free trading. Reports by some on this Board were that there is a two-year lock-out period on the new shares while the company ramps up sales. Since the company refuses to issue any kind of an update regarding the increase in the authorized shares, getting an update on the shares issued and outstanding seems to be the only real way to try to confirm your theory. I am not sure why people would be dumping millions of shares at these ridiculously low prices so you could be right about the trading activity. Again some kind of official update would be helpful instead of us guessing.
Has anyone confirmed with IR that there has been no dilution...or otherwise confirmed outstanding shares?
Trying to buy cheap again? Don't you have enough shares?
Wow!! All VDRM has to do is take a small share of the SAM...say 2-4%, and we'll all be in good shape.
I wonder what the total potential market is for Vitastem for psoriasis, eczema, diabetic ulcers, acne scars, MRSA, and impetigo, to healing cuts & scrapes, surgical wounds, toenail fungus, first to third-degree burns, and pet wounds.
Enough to get the stock to a modest $.75 (I'm not greedy)?
I like the sound that: "ViaDerma becomes a billion $ brand."
The market opportunities for Vitastem are $100 Billion+ yearly and growing globally.
Should I hold for $10/share?
Yes, just goofing to pass the time. I would love to be here and discuss pertinent, exciting new information. Wake me when/if that ever comes to pass.
Just received a text, an email and a voice message from IR. They said news is immanent maybe this week...definitely next week or the week after. It had to do with a possible agreement to agree on a future agreement with a potential lead on possible license of new technology in early stages of development. The next five-ten years could be huge.
For now, it appears that Otiko has gutted a major revenue stream from our public company and diverted it to his little private venture. All we can do is hope that he has a legitimate business reason for doing so. Maybe he feels that he can better generate interest in the product. Who knows but Otiko. With all of the shares of stock that he owns, I would think that his best bet to achieve financial wealth would be through VDRM. However if I was so smart, I wouldn't be trying to get rich by investing in a micro penny stock. Still holding, waiting and wondering.
If you all are hopeful, who the hell am I to rain on that parade? I'm in, let's go VDRM. I've got some bills to pay!
Due to insider trading regulations, know one should have any material information from the Company upon which they can trade. I doubt that IR, if they even exist, has conveyed any "information" to anyone on this board. What they may have conveyed can nicely be referred to as "puffing".
What does puffing at someone mean?: the practice of making exaggerated commendations especially for promotional purposes.
Doc: "VDRM has entered into a multi-billion dollar agreement with Rite Aid to sell and distribute Vitastem. Announcement will be made Monday". As we all know, that would be insider information and a big no-no.
Doc: "Great things coming for VDRM. Vitastem is the greatest thing since sliced bread. Look for updates soon". That is puffing (or put another way, bullsh*&ting).
The Doc has been puffing for years. With no contracts, no inventory, no sales, and no revenues, I'm not expecting anything to change. Would love to be wrong.
or the definitely the week after that!
Amen!!
Another great year?? When was the first one?
News!!
....would be nice. Sorry all just playing.
I hope everyone has a Merry Christmas (even you Doc)!! Enjoy the holidays with your family and friends and here's to a happy$$ New Year for all of us!!
Per some Google searches - the costs of having audited financial statements range from $20,000 to $50,000 annually depending on the complexity of the company.
At present, the Company has no cash for audited statements.
HT, my understanding (although it has been awhile) is that "Subsequent Events" in a quarterly or annual report are supposed to capture material events that occur after the end of the accounting period (September 30th) but before the actual report date (December 15th). So I was really surprised to see no reference under Subsequent Events for the new authorized shares.
It is obvious that the issuance of the report is purely perfunctory to satisfy the SEC. The Company takes no time to really update the report. They do the bare minimum and a sloppy job at that. The really sad part is that if you remove all of the old crap in the report, they might not be anything else in the report; i.e. the Company has nothing to report!!!
The net income is made up of an increase in accounts receivables (which probably means licensing fees) and a gain from the reduction of derivative liabilities. NONE of the revenues translate into additional cash in the bank.
No inventory and no sales of inventory.
No additional projects or business discussions of any kind were reported.
No subsequent events (not even the increase in shares) was mentioned.
The report contains absolutely nothing of substance or value... nothing but recycled blubs from years ago.
One positive - the report was filed and it keeps VDRM off SEC radar.
The point in my view is that our Nigerian counterpart is completely unreliable and has no credibility. He has a long history of issuing PRs with lots of neat little buzz words/phrases like "FDA-registered", "distribution networks", "sales and distribution", "hospital chains", "ramp up production", "cannabis", etc., etc. that garner trading interest but never come to fruition. People on this thread could list them all out much quicker than I. The Company has accounts receivables that they never collect. They have no real sales of product and no inventory. Our leader is now in the negligent habit of ignoring SEC financial reporting deadlines. So...when we hear that more shares have been authorized without any notation of any restrictions, (despite the company conveying to you that the shares can't be sold for 2 years), no one really believes that the shares will be used for anything other than the Doc lining his own pockets or funding Wound Pros (which competes directly against ViaDerma by selling Tetracyte), or ViaDerma Distribution, Inc. (which is privately owned yet trading off of the public company name). This company, complete with its yield sign and illusory promises, exhibits all of the flashing warning lights of a company to avoid. ALL OF THIS IS IN MY HUMBLE OPINION.