Replies to post #2287 on Vitro Diagnostics Inc. (fka VODG)

[JonesBur]

I actually took the opportunity during the pump and dump last year to sell a few myself. However, bought some back in the low .20s thinking the dump was over, but was incorrect. That said though, I'll continue to be in this to some extent until the ship sinks or it blasts to the moon.

I previously said I thought they should have no problem getting back to officially reporting by ~June but if not, by November at the latest, so I'm still going to stick with that. Even though that prediction seems to be completely wrong and it seems like it likely won't happen for at least a year, likely longer.

[Potse]

VODG...sold my position.....

More than likely I will be looking to reduce my position if we see periods of strength in the stock during the coming months. The delinquency statement/commentary in the FY 2018 press release was basically just a repeat of what was said in the FY 2017 PR.

The SEC's unpredictable (and often ruthless) approach to delinquent filers poses a potential serious threat to VODG and its shareholders. All it takes is someone in the SEC to wake up in a foul mood some morning, throw a dart at a list of delinquent filers, and it could be "game over" for VODG if the company is not positioned to get all its filings done in a very limited period of time.

For whatever reason(s), management doesn't appear to be in any rush to eliminate the delinquency risk, and I find that somewhat alarming. Maybe they have a good reason not to be overly concerned about the suspension/revocation risk, but until they share that reason with the retail shareholders I'm not comfortable holding a large position deep into calendar 2019.

Finished selling my position awhile ago. This could very well end up being a pretty dumb move on my part, but I'm just no longer comfortable with the risk/reward at this point with the delinquency risk overhanging the stock. The company is well past that 2-3 year delinquency window when the SEC just seems to get increasingly aggressive in its suspension/revocation actions.

Based on the statements/comments in the shareholder updates, it doesn't appear to me that VODG would start filing again until maybe calendar 2020 (at the earliest). But I have this nagging feeling that management would really rather not start the filing process again, regardless of whether operational profits make SEC filings economically feasible again.

I just don't get the sense that management shares the same concern about the delinquency risk that I (and other retail investors) have. And I find that unsettling. One word of advice I would give to VODG management: The SEC is not your "friend". It will stab your company (and the retail shareholders) in the back when you least expect it.