Has anyone complained directly to Otiko with these types of allegations? I my mind, that would be the first step. To Otiko: Attached please find a copy of a compliant that the shareholders intend to file with the SEC. Some thoughts for a complaint:
"On such and such occasions from the period from June 2023 through June 2024, I and many other shareholders have reached out to Dr. Otiko requesting information on the status of various public news announcements. Otiko has consistently refused or otherwise failed to provide any meaningful updates on any announced deals. In fact from 2017 through 2024, there have been "X" number of announcements covering various topics as summarized below.... As of the date of this letter, not one such annoucement has ever come to fruition. In addition, Otiko has consistently failed to update the notes to the financial statements for over 7 years. Much of the information stated therein is stale and outdated and provides no meaningful information on the status of any prior announcements or present business activity. Furthermore, Otiko has never held a shareholder meeting and communications with the shareholders, when published, are vague, intentionally couched to become difficult or impossible to verify and provide no real basis in fact.
I note that the during such period of time, Otiko has diluted ishares outstanding from _____________ to _____________ and increased his cash compensation to $___________.
In addition, Otiko has awarded himself stock compensation as follows: .....
Furthermore, Otiko has usurped corporate opportunity by transferring distribution rights to the company's flagship product to a private entity owned by Otiko and has carved out lucrative licensing arrangements for his privately held company. Such licensing arrangement permits Otiko to sell the product under another trade name and retain a significant source of revenue from such sales. In doing so, Otiko has bifurcated and stripped a valuable asset from the company for his own personal benefit."
