Thank you for sharing Schlumpy! I appreciate it and all your efforts.
I'm still long and strong Viaderma. VDRM is still my largest OTC holding.
I didn't buy this to flip it. I'm in it to win it! And I know patience is key here.
Before I retired I owned a company for 22 years. And believe me the first 10 years were the roughest.
I was able to grow sales month over month, but maintaining positive free cash flow was always an issue. In the early years I never had much in the company's checking account because all the profits were put back into the company to grow it, I did this by design. I didn't want to be dependent on banks or over leveraged.
That approach finally paid off and I was able to keep a nice roof over my family's head and send both children through private schools and through college. Of course my wife helped too :). Heaven forbid I leave her out :|
My point though is it isn't easy operating a business. There are a lot of moving parts and hurdles and things seldom go as planned. But as a business owner you make the best of the cards you are dealt each day. And never give up, even in the darkest hours. You have to keep trudging along and put one foot in front of the other and your perseverance will eventually pay off.
In my mind's eye I envision Dr. Otiko doing this. I'm hoping that he's a man on a mission. Not to screw his shareholders but to reward them for their faith in him and his company and for their loyalty.
But I don't know the man personally. I'm not selling my shares because I'm "hoping" he's an honest man and that I can believe what he puts in his press releases. If what he has been telling us is true, then in my opinion there is huge potential for Viaderma.
On the other hand, if all he has been telling us is BS, then I can write my investment in VDRM off. It wouldn't be the first time that I was bamboozled and was wrong on a position. But VDRM currently trades at the price that it does because of the unknowns and the uncertainties. But I'm willing to accept that risk, because the greater the risk, also the greater potential for reward if right.
Best of luck to you and all the other faithful longs here!
