ViaDerma Inc (VDRM)

[gameccks1]

The ongoing drop in share price has been triggered by an unbelievably careless error by otcmarkets. If regulation worked, WHICH IT DOES NOT, especially for small companies, all of the trades during the time period of the error would be cancelled, without mutual re-agreement of both parties.

If VDRM were an Accelerated Filer, meaning 2nd Qtr Report due 7/31/22. The four-day Grace Period, per Rule 15c2-11, will be between 8/1/22 - 8/4/22, i.e., NOT YET STARTED. However, VDRM is a non-Accelerated Filer, meaning 2nd Qtr Report due 8/15/22. Thus, the four-day Grace Period will be between 8/16/22 - 8/19/22. This is a significant mistake by otcmarkets. One can only wonder if it is systemwide and thus affecting more companies. May otcmarkets receive appropriate blowback.

https://www.wilmerhale.com/insights/client-alerts/20201029-sec-amends-rule-15c2-11-to-enhance-publicly-available-information-for-securities-quoted-in-the-over-the-counter-markets