ViaDerma Inc (VDRM)

[SchlumpyStock-Picker]

July 2018 PR Share-holder update: • "Over the past several weeks I have been meeting with representatives for a South American based distributor. As per our discussions thus far, I expect to receive their initial order for Vitastem within the next few weeks. They have indicated an interest in purchasing lots of 200,000 per month. An order of that size would equal $3 million in annual revenues."

Math:

200,000 X 12 = 2,400,000 units.

Annual Revenue from contract $3,000,000

$3,000,000 / 2,400,000 = $1.25 per unit

I don't like the way the deal adds up.