Replies to post #72840 on ViaDerma Inc (VDRM)

[gameccks1]

There are two likely big drags on your analysis potential realization and that is the CEO and the CEO. Infuriatingly, in all of these years and his"proclamations", he has yet to show that he can land any large contracts, that actually come to fruition. I am hoping that maybe he is constrained from announcing the actual overseas shipping start, due to the Yield sign, but I have not been able to confirm that. Separately, the CEO is again the big drawback, if he lands the contracts, by the embarrassing, beyond egregious contract clause (shown below) that he gave to himself.on October 1, 2022. We, the shareholders, need the company to land contracts, but not by the CEO, due to that ridiculous, undeserved clause. In any event, still hoping he somehow becomes professional and effective and makes us shareholders a great deal of money.

"In addition, CEO shall be entitled to a bonus of 30% of any revenue generated from contracts he brings into the company for the first
$1,000,000 in any fiscal year, or a bonus of 40% of any revenue generated from contract he brings into the company
over $2,000,000 in any fiscal year."

[gameccks1]

It is obvious that I was not clear enough. I only believe the CEO compensation clause regarding % of revenue for contracts he brings to company is egregious and indefensible. The others are not unreasonable. I fully support the incentive for reaching $1.00/share. However, giving himself 30% or 40% of revenue off of the top will be a massive drag on share price appreciation and potential to hit $1.00 with large contracts because new investors and speculators are going to have the advantage of being able to take that into account. The below analysis accepts original poster's premises (without contention) for this analysis. The second column depicts the potential impact of "CEO bonus" to the analysis. Hopefully, realized contracts will be all or mostly by sales people so that bonus clause is non-impactive. I still hope CEO comes through for all of us shareholders, in addition to just MASSIVELY for himself.