ViaDerma Inc (VDRM)

[Fasctrack]

Agreed. It happened to me on two occasions (you'd think I would've learned by now). Both companies were delisted and deregistered for failure to issue financial statements. After that they continued to operate as private companies but the shares were untradeable and worthless. It was a hard pill to swallow.

To me OTIKO operates with total disregard for the shareholders. He's the majority owner and controls the Board, therefore he answers to no one and is accountable to no one. That allows him to operate on his own timetable and in his own best interest; not the best interest of the company or the shareholders.
He doesn't even seem to be afraid of the SEC.