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I have been very vocal about the silence from the Company. So I do appreciate any news that comes from the Company. To the point of some other longs, however, we don't like someone to pee in the wind and tell us it's raining. If the hair application can truly come to fruition, that of course would be awesome and we would all benefit. At some point, the company needs to actually sell some products and post profits, particularly sales of the flagship product!! IMHO, earnings and profits is the name of the game; actually, it's growth in earnings and profits over the prior period that drives value and stock prices (for a long-term hold). Without that, you end up with another pump and dump. Still holding though!
Price is holding up extremely well coming off of a 73% gain!
If it does, I'd finally break even. Congrats to all of the longs that held. Here's hoping that this is not a temporary blip. GO VDRM!!
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.
Apart from the technology licensed from Dr. Howard Phillips, the Company is currently using a second-generation transdermal technology to manufacture and develop its products. This technology was exclusively licensed from a related party. During 2016, provisional patents were filed on this technology. The Company received provisional patent #62757891 ‘ENHANCED ANTIBIOTIC AND DRUG DELIVERY FOR AQUEOUS TOPICAL APPLICATIONS FOR HUMAN AND VETERINARY USES’ for this technology. The Company believes the newer technology has additional benefits and plans to incorporate this topical delivery system into most, if not all, of its future products.
Paying the bills with shares is not a sustainable business model. I understand why it has to happen here because the company has no cash from operations. I am embarrassed to admit that I have owned shares since 2017 and nothing has changed. You've assured us that this time is different. I hope you're right!
Makes sense. Also assumes that the restriction period terminates immediately upon a sale, which is very likely.
Doc, we seem to be missing a few pieces from the 1,000 piece puzzle. A little help would be nice.
Drums, I think you're correct. In doing a little research, dilutive securities include restrictive stock. Of course, everything with this company is a big secret. Nobody knows if these shares were granted to IS out of the already existing restricted shares, or if the company carved them out of newly issued common shares. The thing that confuses me is the effect on the SP. Since they have been issued, they belong to IS. However, they are restricted and not tradeable until the lapse of 2 years. So I am not sure if they truly would have a dilutive effect on the SP until such time that they are tradeable and converted into common shares. Maybe someday we will find out.
Drums, I think they will be dilutive once the restrictions expire and they can be sold on the public market.
Agreed. Assuming approximately 25,000,000 shares have been redeemed so far, at .0055 per share, that yields $137,500. Wonder how they are spending that...$30,000 to IS, $40,000 for inventory?? Don't quote me on any of this, just pure speculation. I'm sure the Doc will be providing a detailed shareholder update very soon.
That's great news about use of restricted shares.
Although there has to have been some dilution since the outstanding share count is above 1 billion (1,023,620,662). I understand the concept...when there is no inventory to sell, there can be no sales; hence no revenue, hence no cash. The Company needs cash. I can only hope that the cash from the dilution is being used judiciously for necessary and reasonable company expenses of VDRM.
Based on your understanding, what do you think is realistic time frame for results?
Maybe you're buying new wheels in anticipation of a major announcement??!! Hmmm.
Sorry all, I'm really scraping for any morsel of good news.
What happened to?:
IT WILL SKY ROCKET IMO.NO QUESTION ABOUT IT.AND IF WE GET SOME NEWS,IT IS POSSIBLE .018 ALL OVER IT IN A DAY IMO.
I appreciate your having an open line of communication with the powers that be. Looking forward to a detailed report of the conversation! Thanks in advance.
It's in the financial statements. Start with the Balance Sheet. The company has had no inventory to sell yet accounts receivables have increased. Next look at the Income Statement. There are no costs of sales reported. Finally, and more disturbing, look at the Statement of Cash Flows. You will see a decrease in cash from the beginning to the ending period of ($1,500). It doesn't appear that the Company generated any cash at all. It appears that revenues were simply accrued, meaning the company recorded the revenue but hasn't been paid yet.
Basically it appears that the Company is booking accounts receivables solely from licensing fees but is not getting paid. Anyone else, fee free to opine on this.
Sorry, I said tongue-in-cheek.
I already beat that horse. The replies are nonresponsive or make no sense. Nonetheless your instructions are to be assured that any replies would not have been said if they aren't true. Feel better?
I hope you're right. It must be true since you said it!!
Details??
After tomi187's response from IR, I am not sure how anyone could have true or accurate "knowledge" of any impending announcements.
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.