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Ok. Apologies Fdc. Holding this stock for so long is maddening. Our leader thinks that we should all be ecstatic because he files a long overdue report or because he sends out a tweet every now and then. I don't know what it's going to take for this guy to actually produce anything but bullsh*t. The Doc is completely unchecked and unaccountable. The saving grace (maybe) is that he has 100 million shares and he should want to increase the stock price. Sometime in the near future would nice!
LETS GO DOC!! DO YOUR JOB!!!!!
English must be your second language. Grammatically your sentence was written like a 4th grader and added nothing of substance toward the discussion of VDRM. Sorry mate!!!!
"The shit did hit the fan and spreaded all over the room and on his face, not water to clean that mess, he is trapped."
What does any of that mean??
Wow, nothing happening here. Guess I'll have to wait on that new custom 2024 GMC Sierra 2500 HD Crew Cab 4-Wheel Drive Denali Ultimate that I've had my eye on;...maybe a 2025 or 2026??
That's because watching this company and this stock is like watching paint dry.
I really like your projections. However, I am so loaded up with shares right now that I just can't buy more without further corroboration of the state of affairs of the Company. If things get confirmed and investors react slow, then I'll buy some cheapies. If the price takes off I'll still be extremely happy.
Let's go Doc, bring it on!!
It's certainly been a long time coming. I think I'll temper my exuberance until the check has cleared. All kidding aside, having lived through a disaster before with FASC, I won't be able to relax until all financial statements have been filed.
True, if it's a collection of a receivable, there would be no effect on revenues. Like you, I would be just as happy to see the cash and confirm that the receivables were not BS.
Agreed, but if $1.2 million dollars has actually been recieved by the company and is reflected in the FS, that would be huge (for VDRM). For me it would lend a lot more credibility to this company. Audited statements confirming that would be even better, but I'll still take it.
That would be awesome for everyone. With the difficulty we've seen in trying to stay above a penny, the thought of a pps that high to me is just a pipe dream. Nevertheless, while I don't think the company is a fraud, I do think the Doc is extremely greedy. On the flip side, perhaps that gives him the incentive to grow the company and the pps. At this point, if I can get back my investment I'll be happy.
Speaking of criminal: "In addition, CEO shall be entitled to a 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."
There should be an SEC rule that requires that employment agreements with this kind of compensation structure must be brought to the shareholders for approval. The Doc has already gutted the IP from the Company. With this revenue deal and his licensing arrangements, what the hell is left for the company?
The reference to the stock price is interesting: "If the stock price reaches $1.00, CEO shall receive...". Does that mean that the Doc has any realistic thought that the stock could actually reach that price or is that just an arbitrary number?
True...kind of a slow bleed. As with another poster, I haven't sold a single share yet. If this thing goes to sh*t, it will way too late for me to get out. Doc better come through or we're all f***ed!
I don't have level 2. Are people dumping or people just trying to buy cheap?
It is maddening; especially since IR was the one (we think) who tweeted that the Financial Statements were being filed. It is just nothing but bullsh*t from this company.
I know the answer. The Doc was in India at the time closing multi-billion dollar deals. I heard from my mail carrier who heard from someone at Camel Express that the Doc had to send in the financial statements via camelback. No worries, they are on their way. EST is April.
I don't know what to believe anymore. We have an official looking Viaderma tweet indicating that financials have been posted. Where are they? Years ago when I heard about this company and did a little DD, the first thing I read about was a doctor from Nigeria peddling this stock. I knew better then. Nothing about this company ever seems to come to fruition. Is everything bullsh*t?
"Not going to happen again..." We appreciate that. The last thing the company or anyone here needs is to become entangled in those type of allegations and draw focus to the fact that the company is also not in compliance with SEC disclosure requirements.
FDC, honestly I have no idea what you just said. Now you have another contact who knows the first contact?? Everything you said is at best pure supposition. There is nothing in there of any substance so why post it?
If our feckless leader would just do what he's supposed to do and file the damn reports.....
The ongoing requirements seem to allow the 16 month exception only when there is a change in FYE. Again maybe our saving grace at this point is that the verification of the Company's profile through the Attorney letter is only 8 months old. On the other hand WTF do I know? If I was all that smart, I'd already be a multi-billionaire...not trying to get rich off of a stinky micro-penny stock.
Ongoing Requirements: To qualify for Limited Information on an ongoing basis, companies must:
• Publish reports on the following schedule:
o Annual Financial Statements as outlined in Item 9 within 120 days of the fiscal year end. Should a change in FYE occur, no more than 16 months may elapse from the fiscal year end of the prior Annual Financial Statement.
• Review and Verify the Company’s profile information through OTCIQ at least once every 12 months.
Just guessing here but I'm thinking that the attorney letter to the OTC regarding the sufficiency of public information is what satisfies the OTC and allows the price to continue to be quoted which allows the stock to continue to be offered for trade. I know that financials are stale by a year but the attorney opinion letter is only 8 months old. Again just guessing.
What about the Tweets? If it was Tweeted it has to be true!! Was some 12 year old kid Tweeting and pretending to be the Doc? Damn, fooled again!!!
So could the OTC Markets Group have determined that another exception under Rule 15c2-11 applies?
I thought they had 16 months from the last filing to make good?
New coming Thursday. But if not, then by the end of the month. But definitely by the end of March. But no later than soon. Better load up quick, the Doc has something up his sleeve. He also has some snake oil if anyone is interested.
Yeah, can't disagree. With no cash from sales, cash has to come from somewhere.
Slops, I feel like VDRM is at a critical juncture. IMHO, VDRM is teetering between blasting into orbit or going substantially the other way. The price action for the past 9 months clearly indicates a wait and see posture. Investors are waiting on news of substance; something that confirms the direction of the Company; like approval by the FDA, broad release of the product, a deal with a hospital network, approval by insurance underwriters, etc. Any one of these and the pps will climb significantly. Any hint of bull shit and investors will not react in a good way.
Of course, if I was such a great prognosticator, I wouldn't be here. Still holding.
Positive spin for the day.
I am getting the feeling that the gravity of the financial situation and the FDA issues are finally sinking in and the Doc is starting to take things more seriously; hence the closed door "meetings". The Doc is putting his big-boy pants on and getting his ducks in row. Time to be a real company. My trick knee is telling me positive news is coming.
Any good positive spin wouldn't be the same without some pump (lets call it positive encouragement) ...time to back up the truck and load up, buckle up and prepare for lift off, the train is leaving the station, this will be a zip code changer, dollar land here we come, yada, yada, yada.
Let's go DOC, time to produce!!!
Does your contact work for a law firm?
Maybe it has nothing to do with VDRM. Maybe Otiko's wife found out he's been running around on her and he now has to make amends. Or she found out that he lost a lot of money on the ponies and he has to make amends. Maybe his broker told him that his investment in XYZ company just went under. Maybe, we should wait for more clarity from your contact.
Fdc4, anger can be good. It tells me Otiko actually gives a sh$t. On the other hand, it also means more delay....or worse. What could be worse?...the failure to comply with a regulatory body, be it the SEC, the FDA, etc. Making amends with the FDA means some sort of retesting or resubmission which means more money and more delays. Making amends with the SEC means issuing a year's worth of financial statements on or before a stated deadline, which is probably much more difficult. Doc would have to increase the authorized shares to raise cash, which also takes time. We could all speculate different reasons. Speculation is never good - thanks for giving me something else to worry about.
Thanks Orca.
Lets hope!
Some here are consistent in maintaining that the company has plenty of time to file financial statements. I assume that by saying that the poster knows how much time the company has left to file. If you do, I would love to know. My only experience at this was devastating and I (and all other shareholders) lost everything. My understanding is simplistic as I don't know the exact rules. I understand that if the company misses the SEC deadline including any extension, it is noncompliant. I have never read any regulations that indicate that if a company is noncompliant, the company has "X" number of days to become compliant. If anybody knows different, please post a link. In my prior situation, the sh%t hit the fan only after the SEC found out about the noncompliance. I am not sure how they found out. The SEC then sent the company a letter warning the company to become compliant before the company would be delisted and its registration revoked. Of course the company never informed the shareholders of the SEC warning, nor did the company comply. The company went dark and the SEC deregistered the company. The stock was then repurposed as toilet paper.
At this point, without financials, I can only assume that VDRM has no sales, therefore no cash to pay for CPA's, attorney's, etc.
We entered 2023 with such promise but a pps breakout was not to be. I feel like 2024 is a do or die year for VDRM. The Doc has put the Company in an extremely precarious position. He must perform or all will be lost, the SEC will see to that. Those still here like me are frozen like deer in the headlights hoping for a miracle but prepared to ride this train over the cliff. I wish the best for everyone in the new year and with a little luck, may we all become filthy rich. Cheers and Happy New year!!
How much time? Three or six months? Longer? I can't believe the Doc would let that happen but then again he doesn't give two sh#ts about us.
Patent Search results
Results for query "(Otiko).aanm."Showing 1 to 2 of 2 records
Result # Document/Patent number Title Inventor name Publication date Pages
1 US-20200345685-A1 PDF TOPICAL APPLICATION OF MEDICAL CANNABIS Otiko; Christopher Ayo 2020-11-05 17
2 US-20200146983-A1 PDF ENHANCED ANTIBIOTIC AND DRUG DELIVERY FOR AQUEOUS TOPICAL APPLICATIONS FOR HUMAN AND VETERINARY USES Otiko; Christopher Ayo et al. 2020-05-14 27
As ViaDerma continues its journey, the sky’s the limit in terms of the potential for global healthcare transformation. Wow these guys can really sling the BS. If 5% of what they say comes true, we might be good. Still holding.
As I've said before, we all want this to succeed. However you'll have to count me in as a basher too. It's maddening listening to the Doc's BS while watching this stock languish, year after year after year. Its tough to not become jaded. Nevertheless, I'm ready to put 2023 behind and I'm looking forward to a new year with much promise! Is $1.25 pps too much to ask? Definitely. How about .10? Who knows. Still holding.
GM, sorry I don't get your response.
I know nothing ever comes to fruition but Santa's coming!! Who knows??
"300,000 units per country in 2024"