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I would have to agree with you on that note. He also comes across in the videos as a "Snake-oil Salesman".
I hope you're right. I would like to see this company succeed; however it really has not done a deal and Elixr failed but came so close. There must be a fundamental problem with doing business with this group. I did some research into the Elixr management and discovered this was not their first rodeo.
The other problem I have is that Otiko sure burned through a lot of money for what he achieved in business development.
I truly believe Mr. Philips set the company up to sell shares and if Otiko can make a go of it, great. The product just isn't selling in the wholesale market and barely in the retail at $80.00.
I don't think he did. I think he was averaging out in the low .0030's. I'll give him credit for bailing out when he did, because it's going to be awhile before anything really develops here.
...not to mention VDRM's biggest fan sold today.
You got lucky!
Don't buy this stock until there is REAL NEWS or you be sorry!
Did my DD too!
Monday, December 10, 2018 CONSENT JUDGMENT by Judge Consuelo B. Marshall. WHEREFORE IT IS HEREBY STIPULATED AND ORDERED for all matters relevant to this case between the Parties as follows: The Parties have agreed to settle this case for the sum of $44,494 to be paid over time. The Parties agree that Defendants Christopher Otiko and Coast to Coast Podiatry, Inc. d/b/a Blood Red Films is hereby PERMANENTLY ENJOINED from directly, contributorily or indirectly infringing Plaintiffs rights in the scripts, screenplays and/or motion pictures, including without limitation by using the internet to reproduce or copy any Axeman motion pictures, to distribute any Axeman branded motion pictures, or to make Axeman branded motion pictures available for distribution to the public. Each Party shall bear their own attorneys fees and costs. Pursuant to the Settlement Agreement, this case is dismissed with prejudice. (See document for further details) ( MD JS-6. Case Terminated )
She's going to drop like a rock without news. You won't see a better opportunity to get out for a long time.
LOL, all on thin air and no news. Either way, it's good to see this stock can move.
It's a good day to unload this garbage.
Excellent post, thank you!
Any stock can be halted, but it won't be.
I believe the offering share price was over discounted. The PPS at the time of the R/S was $.20/$5.00 1/20 and the offering was for and additional shares to the original lot of 6.4M shares. Adjusting for the dilution factor $5.00 / 3 = $1.66 PPS. The excise price is low at $1.25 and the current share price at $.95 is discounted by $.71 What a deal!
You armatures crack me up. The R/S was approved by the SEC. This "investigation" is nothing more than an ambulance chaser looking to build a case. It will go nowhere. The company has been forthright on all of the changes happening here now. There has been No surprise by anyone who reads Fins and disclosures. The only way they will get themselves in trouble is if they deviate from the said plan.
I expect the offering will close today or tomorrow after they sell the shares and then there will be an announcement of an acquisition of another specialty gas distributing company. Just as they published in the disclosure filings.
If your not accumulating shares here under a buck, you're missing the boat.
Yes, you did miss a couple of things. What about the fact that the company is in it's second attempt at this failing business model. It failed in a similar fashion the first time around. I'm beginning to think that the "Big " potential customers from out of the country is just blend their own.
On this subject I'll have to give Phillips and Otiko some credit, they sucked a lot of funds from us to their livelihood's.
I believe, knowing this management,they found a new way to burn through the remaining shares without having to report on it for a while.
We shall see.
I have great news for you all... "News will SOON be here!" The Doc said so.
Too bad VDRM isn't traded on the futures market; I would buy some July Calls at an extremely low price. Maybe in May they will come out of the closet and sell some product.
So I don't get your support? Watch and learn, this is the third time they pulled this shit and it's easy to predict. Buy low and sell high. Now it's low.
To be honest, I'm down on my investment here like most, but I've been buying on the way down in small lots beginning at $2.80 post R/S. If you read the latest PR and prospectus carefully, you will see that management has been dumping shares from the moment they R/S and they plan to buy a business with the proceeds. They're done selling. The selling is now coming from the panic stricken retail sector. The company is going to soon make an announcement concerning the company they are in the process of buying. Mark those words, because it's coming and now is the time to double up on this investment. I know I will.
A public offering is how the company raises cash to buy market share. It's not pretty, but that's how it's done. We, as shareholders need to make sure the management get a good deal on the purchased asset. What's happening here today with the share price drop is now purely emotional.
I believe the sell-off is now complete. The company released a PR explaining their intent to dilute shares to buy additional competing specialty gas companies with the proceeds. The PPS has now dropped to a low point from them selling shares and now that low PPS is making management a little uncomfortable. This is why they released the PR and they need to give us an update and the way I read it, they have been dumping from the first minute they reverse-split.
The next PR will be about the deal they have struck to buy-out another business. If the plan works out like it has in the past, I expect a rapid increase in share price. Between now and the next PR I expect the PPS to stabilize in it's present range.
Now is the time to begin to accumulate shares.
Now is a great time to buy $MNGA as the reversal is just beginning!
Let's be fair even though I still believe the whole company set-up is a scam, VitaStem is currently available on the BiogenX website.
In addition to that, if they are using product from the second batch, customers are not going to be happy about putting brown goop on their wounds. My VitaStem looks like brown diarrhea, but it still appears to work.
Lower lows and lower highs, this is not a winning trend people!
The SEC approved the split, why would they reverse thier decision?
Good advice from a true momentum trader. I think MNGA is going to make a nice swing trade as well. GLTY
That would be YOUR interpretation of what you believe to be truth. Be careful with that, if the SEC has not done anything to stop what you claim is illegal, maybe it's not. If you have been following the business news lately, companies are beginning to fight back against slanderous statements by taking the authors to court. Have your ducks in order, they will.
This is not a threat, just a warning to a trend I noticed in court filings.
I don't fall in love with the companies I trade, I trade the probabilities of a profitable trade, nothing more. I could really careless if they RS every six months, I'll be selling for a profit when the next rally develops. When the PPS settles down and levels off, I will triple my holdings from my first buy and rake in the profits as the trend reverses.
Good luck with your trading.
So why did you buy into MNGA after the first two RS's. The fact is you bought in at the wrong time and can't stomach a loss. I will be responsible for my trades win or lose. So just deal with the facts; sell or buy more to average down, the complaining is really getting old.
When does he have time for all that when he's busy washing feet?
$.0019 is in it's sites. I sure hope it can hold in the upper teens wait for "Soon" to happen.
Yes, there is... The business plan is to expand into the specialty gas market as quickly as possible without sinking the ship. The last R/S produced the ability for the company expand by purchasing 2 business and adding to the revenue stream and also exposing them to new markets.
If they pull one of those buy up another business or two, Amen. The last time they did that the shareholders were rewarded handsomely.
As I mentioned in a previous post, the entry-point timing is key to profitable trading pinks.
Today's shares price of $3.00 is equivalent to $.15 pre R/S. The PPS pre split was in the $.26+ range, and they were happy to get in. That' $5.20 a share.
Yes I do believe this stock has been oversold and is at a great entry price. The next financial report will have a nice bump to revenue. Don't what to miss that one.
"All we are saying, is give peace a chance".
The way I see it, timing is everything when it comes to a RS. When a new investor comes along post RS, you don't want to catch a falling knife, but if you time the bottom, the upside is very profitable. Makes a fantastic swing trade, because the core value in the company hasn't changed. This makes the current condition to be oversold.
I wonder what specialty gas company they're going to buy now. I need to give them credit, for buying up the competition to increase market share and grow the bottom line, each time they run the wash machine.
For the sake of the in the red shareholders, I hope that Dr. Otiko can turn things around. He needs to share his business plan for the future of VDRM. He has burned through a very large sum of money to bring the company to it's current state, and it's nothing to brag about. Just give an current up to date report on all fronts, no fluff.
At this point in time I personally don't see the value to investing in this company with the high risk of loosing it all.
I stand corrected on that issue, but more importantly, take a good look at the expenses.
Doctor Otiko is paying himself huge amounts of cash and eqivalts. I'll let you decifer the facts, but it looks like to me compensation is $650k for nine months and the company's revenues are only $37k. So back to the 50% + 5% proceeds from BiogenX sales tells me. They sold approximately $75k in product. Dr Otiko owns 25% of BiogenX, therefore he draining every penny can from this company.
Also from my point of view, the good doctor is also the one responsible for dumping his convertible shares on the market and lowering the PPS with the low volume. Look at the big picture here. Sales is not supporting the operation, not even close to a fraction of the cost of doing business.
The Doc is liquidating his shares and I believe will exit soon and if the company doesn't go bankrupt, the next CEO will likely do a RS as part of the restructure of the company. The business imodel is not viable and to make it so, the revenue will need to increase by 50x just to break even.
What we have here is a ATM disguised as a start-up business.
The elephant in the room is the CEO's compensation in various forms, don't take this lightly.
The share structure has been maintained, but the revenues sure took a dive and the operating cost skyrocket. And let us not forget about the $300K+ write-off of non collectible debt paid-out to the doc's private business. Oh, and the 5% Viaderma makes off of their products sold through BiogenX of which the doc owns 25% of that business. Please do encourage me to go on.
The best move I made was dumping this pig in November @ $.0031.
Hang in there to the end, VDRM is truly a Blue Ribbon winner.
Issued 6.2M shares in January 2019 and operating losses in 2018 are $1.2M with revenues down to $2,300 bucks.
All facts, not "Bashing" just stating the facts. If you can't handle the truth, too bad.
The share price is down more than 25% over the past 30 days. 90% of today's trades traded below yesterday's closing price. You can put all the lipstick you want on this big, but it's not going to change the fact that it's a pig.
"Soon" it will all evaporate into thin air! Hang in there die hards!
only 2,546,275 shares issued and they have a net profit last quarter of $3.1 M dollars. Net Profit is good!