Vitro Diagnostics Inc. (fka VODG)

[Potse]

VODG...reply to private message....

To the person who sent me a private message regarding VODG......

I had posted on this board in June (if I recall correctly) but IHUB deleted the post shortly after it appeared, so I didn't bother to try again.

I still have my position, but it is admittedly difficult to continue holding the shares because the suspension/revocation risk might be increasing as every day goes by. Unfortunately, the company has put the retail shareholders in pretty much of a bind here with its public acknowledgement in the December 20, 2017 press release that it does not intend to maintain its reporting compliance.....

We do not intend to maintain SEC reporting compliance because of the excessive cost burden of Audits and SEC legal compliance. The company will provide unaudited financial reports and publication of material transactions while maintaining future options to becoming fully reporting with the SEC if required or be acquired in an acquisition transaction.

There is little doubt in my mind that VODG's share price would probably be higher (and perhaps significantly higher) if it were not for the suspension/revocation risk cloud that is overhanging the stock right now. The company has made really impressive advances in its overall business prospects, and my guess is there are going to be a number of really interesting developments coming. But that excitement gets tempered by the filing delinquency.

Is VODG going to be one of those stocks that the SEC seemingly looks the other way on and just allows the stock to continue trading as is for an endless number of years? Or am I going to wake up one morning in the near future only to find out the SEC has decided to bring the hammer down and my investment is basically worthless? When the SEC sends a company a "demand notice", I think the company generally has about 15 days to get all of its filings updated. If VODG receives such a notice, is the company in a position to get all of those filings completed (including audited ones) in that amount of time? I don't have any answers to those questions. I have no idea what is going to happen.

What I would like to see the company do is provide more detail/information on the situation regarding the filing obligation. For example, if the company has had any contact/correspondence with the SEC regarding its filing delinquency (and I am assuming they have by now), it would certainly be helpful if the company would provide this information to its retail shareholders. If the SEC and VODG have reached some sort of "agreement" on what the course of action will be here, then the retail shareholders of VODG should be given this information.