ViaDerma Inc (VDRM)

[BesaoT35]

Dr. Otiko has received 30 million preferred shares. These shares have a value of 300 million common shares. This is a large punctuated change upward in share ownership for Dr. Otiko.

I wonder whether owning that many more shares might cause Dr. Otiko to care more now after stock issuance about an appreciating stock price for VDRM than he has seemed to care in the past.

Who had to approve this deal? It was in 2016. He had to stay as company president for 3 years to earn it. Isn’t it Dr. Otiko authorizing a large stock grant to himself? At 0.0014 pps today it is a $440,000 grant. If the stock goes to 5 cents that would be $15 million for him.

His salary though was only $30,000 per year which is modest enough it seems to me.

It is interesting to see the history of convertible debt loans. The debt doesn’t get paid back , but they continue to issue new loans. GreenTree Financial was in there repeatedly.

This and an attorney letter might get us current I hope.


Thanks to Here Today for the OTC Disclosures link.