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On one hand, I am pleased that the Doc is not fabricating press releases every other week. On the other hand, the prolonged silence makes it difficult to assume anything other than the Doc has nothing to report.
Is it too much to ask for a progress report?
Nsomniyak, I agree with all of your points. The only thing I question is the spread itself. Since there is not much interest at this point to buy OR sell, the mm has to try to make a market. That is where I start to get out of my element as I am not really sure how the spread is determined, but sometimes it seems to be set to trigger a certain result.
A 13.3% drop in price on 19,000 shares seems like bs to me.
Low volume manipulation.
You mean there is a conflict of interest between VDRM and Wound Pros....hmmm.
Years ago I had such high hopes for this Company. Right now I can't wait for a spike to GTFO. Doc, how about a dead cat bounce??
Seriously though, none of us really knows what's going on behind the scenes so we all speculate bad things. No news breeds bad rumors. My speculation is that the Doc is not paying attention to this Company. He appears to be more concerned with the success of Wound Pros. Using his past performance as an indicator - I give him a C+ for announcements that sound okay. However I give him an F+ for actual results. The "+" was to give him credit for some licensing fees. I hope he proves me wrong and he unveils a huge deal and we all make a lot of money.
Still waiting and wanting....
True, it's really not funny. The only way I know how to cope is to make stupid jokes to try to be funny. In realty, it really pi*ses me off. But nobody wants to hear my moaning and complaining as we are all in the same boat. So...back to sarcasm and waiting for the paint to dry.
Big hospital news this week??
I feel like blockbuster news is coming later this week. If not the end of this week, then the end of next week. If not the end of next week, then definitely in the near future, well definitely in the future!!!! The Doc is probably inking a deal right now. Go VDRM!! Woohoo!! Yeehaw!! Can't wait!!
The Doc is in hiding regarding VDRM. Although someone can meet up with him at the ribbon cutting for the next new Wound Pros office.
P.S. How's Wound Pros going? I saw that you opened another office. Great news. All the best.
Congratulations Doc. The price is now .0077. You must be so proud! Way to build shareholder value. Keep up the good work!!
Dude, if I admit that then I have to give up and sell, lick my wounds and walk away with my tail between my legs. I may end up doing just that. For now, allow me to continue the fantasy and the illusion that some day this stock will pay off big. Hope springs eternal.
A hospital deal would be a huge game changer!! Make it happen Doc!!!
No it is not in there. I expected it to be mentioned in "subsequent events" but it isn't.
There is no inventory reported on the balance sheet and the footnotes confirmed that they had no inventory.
For now I am just glad to see financial statements filed.
One thing also clear from the FS is that the company has very little cash. Since they have no product to sell and they have no cash to buy raw materials, they either need to borrow money or sell shares to raise cash. So I guess next we'll see an announcement on the increase in the authorized shares. Coupled with the announcement I hope that the Doc will explain as to how the shares will be used.
Thank you all for checking with IR. I may post snarky responses to what is reported but it has no reflection on the messenger. I appreciate the efforts.
Easy there big guy. We don't want this company dead. We want it very much alive and profitable and trading at dollars. Yeah, yeah I know, I'm a big dreamer on a Saturday afternoon....just took a big hit with Hunter.
Still waiting and wondering.....
The Doc is still alive, but apparently too busy for VDRM:
https://businessinnig.com/wound-pros-open-new-location-in-arizona/
Doc, you may be a smart, great guy with the best intentions for a successful profitable company, but you need to communicate your plans and your progress with investors from time to time. We don't ask for much, but you are now two months past the deadline to issue financial statements with no explanation, or any other communication to the shareholders.
Doc, Doc, are you there? Wake up! Can someone nudge him or put some smelling salts under his nose? Does anyone know if he is even still alive?
Believe it or not, despite my moaning and complaining, I can't believe that the Doc would walk away from this. He has a ton of shares. In that way he is no different than the rest of us...he wants the share price to increase.
Thanks for handling that. It seems maybe you have his ear.
Slops, any word from IR?
I can speak for all here and say we all sure hope so. We all have a lot of money invested into this.
There are however a few minor problems to deal with like no sales, no product available for sale, no financial statements filed, no outstanding shares left and no communication from our fearless leader. Other than that everything is fine.
Board optimists claim every week that news is immanent. Naysayers which I have now become are calling bs when they hear it and want some scintilla of evidence to support claims.
Still waiting and wondering....
Well what is his plan? Maybe he tell the rest us!
IR may or may not exist. However, we have no other way to try to get any information from this company. For now, I will cling to the illusion that IR exists. I have no other choice (except to sell). I can say that I no longer have delusions that this stock will be a zip code changer or any of that other nonsense. Right now my goal is to try to recoup my investment and get out of this POS at the first opportunity.
To any newbies, the product works, but management sucks. You can still trade this stock and make some money; but a long-term home run type investment....NFW.
Of course things could change...all IMHO.
Drum that is good news if it is true. It would be nice if the Company would confirm that with an explanation to investors.
Nobody should be jumping off any cliffs here. The company went a long time without needing to sell stock to raise money. It is obviously a big disappointment that the company is not self-sustaining...but we knew that. Product hasn't been available for sale for a while. I can only hope that Otiko will use the new shares judiciously. We have no real choice but to let this play out.
The delay in financial statement issuance is confounding. As a former CPA, the accounting part is easy, especially regarding a company with very little activity. So why the delay? In a prior post I speculated that the accountants got a late start or they were owed money. Maybe they can't agree on how to present something. Maybe the accountants are saying that FASB rules require the company to show a big loss on something and Otiko disagrees. Maybe Otiko wants to show revenue for something and the accountants disagree. Maybe at this point, they will just combine the second quarter with the third quarter.
If thats the case, we won't hear anything at least until November 15th. Hopefully we will know soon enough.
At this point since the company for some unknown reason can't seem to issue financial statements, I would settle on seeing product available for sale. Actually I would like to buy some.
Yes definitely news today. If not today then tomorrow, or by the end of the week. But if not then definitely by the end of the month, but for sure by the end of the year. Gonna be a great year-end all!! Although there may be tax selling at the end of the year so the Company may wait until early January for the January effect unless there are supply chain issues. But absolutely by the end of the first quarter!!
Looking forward to it. Go VDRM!!
Does that mean you know but you can't say; or you don't know?
Very funny!!
Can someone on Stocktwits ask him where he got it?
If posters are so confident with their due diligence and the company, they shouldn't be rattled by some negative opinions. These opinions are coming from shareholders holding many shares who are tired and frustrated with the continuing bs. We all want the company to suceed.
Looks like no financials again this week...maybe next week, or the week after? Who knows? Only the doc knows. Sorry folks, the doc seems completely indifferent to complying with the rules of being a publicly traded company. Something is up. The doc never asked for an extension to the filing deadline because he must have known that he wouldn't meet it. 45 days late now . Apparently the doc doesn't care. No filing, no explanation to the shareholders, no product on the shelves...this is a bust and I feel real foolish. I now agree with others that we won't see a filing until at least November 15th. Can a company simply skip a quarter filing?
Positive news of substance will cure all ills. Doc??? Hello??
Slops, love the enthusiasm!
Alright Doc. Next week it is. Make it happen!!
"Financials coming out in a few days....next week...next month."
Reminds of the sign in a bar: "Free beer tomorrow".
Forever waiting for tomorrow.
Ground control to Dr. O., come-in Dr. O. Dr. O...hello, anyone out there?
Chaser, what more can anyone say to that? Sorry to say it but the Dr. has proven that he has no credibility.
The things that keep me interested are the product itself, the fact that there are licenses in place generating revenue and the fact that the Dr. has (for more than a year now) stopped using shares to raise cash. Also, the Doc owns a lot of shares.
I would think that he, just like us, wants to increase the pps.
The status of the unfiled financials is very, very concerning to me. Quarterly statements are unaudited and easier to produce. I am scratching my head as to the reason for the delay. Maybe VDRM owes the accountant money? Maybe the accountant got a late start on the quarterly report and things are simply delayed? Maybe there is a dispute over how something is to be presented? Wish I knew.
Chase, this is what I found:
Companies that fail to file within the allowed grace period are subject to a variety of costly penalties, including deregistration by the SEC, delisting by stock exchanges, the inability to raise capital through issuance of public securities, and potential debt covenant violations.
Other adverse consequences include the inability to hold an annual shareholder meeting until the 10-K is filed. However, that the most costly penalties are typically imposed only in the most egregious cases. For example, SEC administrative proceedings are usually reserved for issuers who are excessively late; and stock exchange delisting procedures are typically not triggered until the company is at least six months late in its filing. However, some penalties are effectively imposed immediately upon expiration of the grace period. Specifically, companies who miss the grace period are not eligible to issue securities using Form S-3 (referred to as “shelf registration”) until they have filed in a timely manner for at least 12 months. This imposes costs by limiting a company’s ability to raise capital on a timely basis. Covenant violations are also a potential cost that would be immediately incurred.
Thanks, I did see that. We are already 5 days out from that statement. I trying not to take this man literally. To me, a few days means three days. Hopefully, they get posted this week.