Fasctrack
2日前
I just received this response from IR:
The reality is that this is a complex situation, and complex situations rarely move as quickly as any of us would like.
It would undoubtedly be easier to walk away from the company, but that has not been the path chosen. Instead, significant time, effort, and personal resources have continued to be invested in working toward a solution that preserves value for shareholders rather than taking the easiest exit.
I understand the frustration, and shareholders deserve straightforward communication. While I can't promise outcomes or specific timelines, I can say that meaningful work continues behind the scenes, and there are reasons for optimism. When developments can be publicly disclosed, they will be.
No one benefits from unnecessary delays, least of all those who have invested their own time, money, and effort into the company.
Dr. O. has put millions of dollars of his own money into this. He could have chosen to cut his losses, walk away and leave shareholders holding the bag.
Companies go bankrupt every day. Instead, he has continued working to find a path forward. I believe that says far more about his commitment than any words I could write. I understand shareholders are frustrated, but in my opinion, no lawsuit could do anything for them. FYI, he has NEVER sold a single share of stock. Since the company has never been 144 eligible he was never able to sell. He has never made any money from VDRM, much less enriched himself. He is working to get this back on a track to help the shareholders.
excelsiorvision
2日前
The process to reinstate VDRM back in good graces with the OTCID should not be taking this long to finalize.
According to GROK, it should take about 4-8 weeks once the following items are submitted. Maybe a little longer pending on backlogs, but not over a year. You can assume Otiko and the IR guy are absolutely full of BS.
Also, notice how the company removed their investors page and has no mention about being a public company on the OTC any longer? https://viaderma.com/
From Grok:
To exit the OTC Expert Market and resume (public) trading/quoting on a visible tier like Pink Limited, OTCID, or higher, the company (ViaDerma / VDRM) generally must satisfy SEC Rule 15c2-11 "current information" requirements and have a broker-dealer (market maker) successfully sponsor renewed quotations. Source: https://www.securitieslawyer101.com/2025/10/14/the-penny-stock-graveyard-the-otc-markets-expert-market-explained/
This process applies to non-SEC-reporting or delinquent companies on the Expert Market (as appears to be the case for VDRM, which has been restricted there for about a year and posts reports via its own channels rather than directly on OTC Markets).
Key Steps to Resume Public Quoting:
Make "Current Public Information" Available (Issuer's primary responsibility):For non-SEC reporting companies (common for many OTC Pink/Expert issues): Update disclosures on OTCIQ (OTC Markets' disclosure platform) with recent financial statements (e.g., annual/quarterly reports), business descriptions, share structure, and other required info per Rule 15c2-11. This often includes an Attorney Letter with Respect to Current Information confirming the disclosures are accurate and current.
Provide information as of a date within the last 12 months (or tighter windows for some items):
Additional common requirements: Verified share structure, transfer agent letter, management certifications, and responses to any OTC Markets inquiries.
OTC Markets reviews/verifies the disclosures and corporate records.
Engage a Sponsoring Market Maker: A FINRA-member broker-dealer willing to act as a market maker must perform due diligence on the provided information and agree to sponsor quotations.
File Form 211 with FINRA: The market maker submits Form 211 (Application for the Initiation or Resumption of Quotations) to FINRA, along with supporting issuer information (e.g., the current disclosures reviewed).
This demonstrates the broker-dealer has reviewed adequate current public information and has a reasonable basis to publish quotes.
FINRA reviews the filing (this can take time; no fixed statutory deadline).
OTC Markets Tier Review and Reinstatement: Once FINRA clears the Form 211 and information is verified as current/public, OTC Markets can move the security out of Expert Market to a visible tier (e.g., Pink Limited or OTCID, depending on the level of disclosure and compliance).
Broker-dealers can then publish competing quotes, enabling broader market making and visibility.
Typical Timeline and Notes 4–8 weeks is a common practical range once disclosures are prepared and a market maker is engaged, though it varies with the extent of backlogs, review complexity, and FINRA/OTC processing.
There is no fixed maximum time a stock can remain on the Expert Market—it can stay indefinitely until these steps are completed.
Costs include legal/accounting fees for disclosures, attorney letters, market maker compensation, and potential OTC Markets fees.
VDRM has posted some reports (e.g., annual) via its own channels and mentioned working toward compliance, but direct OTC posting and full resumption require the above process.
Important: This is a high-level regulatory overview based on SEC Rule 15c2-11, FINRA rules (e.g., 6432), and OTC Markets practices. Specific requirements can depend on whether the company is SEC-reporting, a shell, foreign, etc. The company should consult securities counsel experienced in OTC matters and a market maker for tailored guidance, as improper steps could delay or block reinstatement. OTC Markets' 15c2-11 Resource Center and direct contact with their corporate services team are useful starting points for issuers.
Trading on Expert Market remains limited (primarily unsolicited quotes among professionals), so successful completion of these steps is key for resuming normal visibility and liquidity.
https://www.sec.gov/newsroom/press-releases/2026-28-sec-proposes-amendments-exchange-act-rule-15c2-11
https://www.otcmarkets.com/learn/15c2-11-resource-center
VVVVVV
4日前
How the heck do you know that? Prove it!! The reason it probably hasn’t happened is because I’d imagine the statute of limitations has past. IMHO
There have been more misleading statements for years on. My two favorites are, aka, the 400 drug stores in Canada and the $ 600,000 in escrow! These two I believe are over five years ago!!!!
But, hey the Doc is working real hard for his shareholders. I’d be willing to bet, he doesn’t even think about this company everyday.
Heck, I even forgot I own shares in this POS!
What has occurred here, speaks for its self . There’s no defending this behavior. ZERO REASON!
IMHO
ORCA
2週前
READ THIS CAREFULLY.OTIKO IS NEXT.READ ALL BOLD SPOTS.
SueWallSt is a nationally recognized shareholder rights firm. Over the past 20 years, the firm has secured hundreds of millions of dollars for aggrieved shareholders. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the BTGO Lawsuit
Q: What specific misstatements does the BTGO lawsuit allege? A: The complaint alleges BitGo made materially false or misleading statements regarding its financial projections, business resilience, and the severity of risks posed by declining digital asset prices. When the true financial picture was revealed, the stock price declined sharply.
Q: How much did BTGO stock drop? A: Shares fell approximately 15.71%, a decline of $1.43 per share, after the Company disclosed a $14.8 million net loss for 2025 instead of the projected profit. Shares fell an additional 17.2% after Q1 2026 results showed a $60.7 million loss.
Q: What do BTGO investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at jlevi@SueWallSt.com or (888) SueWallSt. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my BTGO shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: Has SueWallSt handled similar cases before? A: Yes, including securities class actions involving revenue inflation, earnings guidance fraud, dividend misrepresentation, and executive misconduct across numerous industries.
CONTACT:
SueWallSt
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/btgo-shareholder-alert-bitgo-holdings-inc-securities-class-action-lawsuit---investors-should-contact-suewallst-302803946.html
ORCA
2週前
I THINK IT IS PASSED DUE FOR A LAWSUIT.IT IS TIME TO GET OTIKO IN JAIL,OR COMPLETELY BROKE.THINGS ARE EASY TO F HIM UP.READ THIS VERY RECENT SECURUTIES CLASS ACTION LAWSUIT.
READ ALL BOLD SPOTS.SHAREHOLDERS CAN COOK THIS BASTARD.AND WILL COST THEM NOTHING.OTIKO HAS TO GO DOWN.
WHERE OTIKO IS HEADED:::::1)JAIL TIME.2)BROKE.3)DIVORCE
https://investorshub.advfn.com/stock-market/NYSE/bitgo-BTGO/stock-news/98771348/btgo-shareholder-alert-bitgo-holdings-inc-secur
BTGO Shareholder Alert: BitGo Holdings, Inc. Securities Class Action Lawsuit - Investors Should Contact SueWallSt
June 18 2026 - 10:07AM
PR Newswire (US)
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Promise vs. Reality: BitGo Projected $3.5 Million in Net Income for 2025 but Delivered a $14.8 Million Net Loss
NEW YORK, June 18, 2026 /PRNewswire/ -- BitGo Holdings, Inc. (NYSE: BTGO) told investors one story in its January 2026 IPO documents. The numbers told another. Find out if you qualify to recover losses from BitGo's broken projections or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.
SueWallSt.com
BitGo's Offering Documents estimated 2025 net income from operations between $3.2 million and $3.5 million. The actual result: a net loss of $14.8 million. That is a negative swing of approximately $18 million to $18.3 million from the top of the projected range. Shares, which debuted at $18.00 in the IPO, fell 15.71% on the day these results were disclosed, and fell an additional 17.2% after Q1 2026 results widened losses to $60.7 million. The lead plaintiff deadline is August 7, 2026.
The Promise
In the Registration Statement and Prospectus filed in January 2026, the Company laid out specific financial projections for the fiscal year just ending:
Estimated net income from operations between $3.2 million and $3.5 million
Digital Asset Sales revenue between $15,475.7 million and $15,522.3 million
An "expected increase" in total revenue driven by higher trading activity, expanded trading pairs, and a growing client base
A business with "strong and resilient" fundamentals that had produced "progressively increasing" trading activity since inception
Assets on Platform that had grown from $17.0 billion to a peak of $104.0 billion in just three years
These projections formed the basis on which investors purchased 11.8 million shares at $18.00 each, generating over $187.58 million in IPO proceeds.
The Reality
The actual 2025 results, disclosed on March 26, 2026, contradicted the IPO projections across every material dimension, the lawsuit contends:
Net loss of $14.8 million instead of projected income of $3.2 to $3.5 million
Digital Asset Sales margin collapsed to 0.21%, less than half of the prior year's 0.47%
Assets on Platform fell to $81.6 billion, a 9% year-over-year decrease from the trajectory highlighted in the IPO
Assets staked plummeted 51% year-over-year to $15.6 billion
Take rate compressed to 21 basis points for the full year
Management declined to provide Q1 2026 guidance with only five days remaining in the quarter
The Numbers: Promised vs. Actual
Metric
IPO Promise
Actual Result
FY 2025 Net Income
$3.2M to $3.5M profit
($14.8M) loss
Digital Asset Sales Margin
Prior year: 0.47%
0.21 %
Assets on Platform Trend
Peak of $104.0B (Sept 2025)
$81.6B (Dec 2025)
Q1 2026 Net Loss
No guidance provided
($60.7M)
The gap between promise and reality widened further in Q1 2026, when the Company reported a net loss of $60.7 million compared to $25.7 million in the prior year period, citing "weaker market conditions."
What the Lawsuit Alleges About the Gap
The complaint asserts that the Company's leadership understood the severity of digital asset price declines and their impact on revenue well before IPO investors received that information. The action claims the Offering Documents understated the scope of these risks while simultaneously projecting profitability and touting "strong and resilient" business fundamentals that allegedly lacked a reasonable basis.
"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. When a company projects profitability in its IPO documents and delivers a multimillion-dollar loss driven by risks it characterized as manageable, serious questions arise about what was known at the time those projections were made." -- Joseph E. Levi, Esq.
Check if you can recover your investment losses from the BitGo IPO or call (888) SueWallSt.
LEAD PLAINTIFF DEADLINE: August 7, 2026
SueWallSt is a nationally recognized shareholder rights firm. Over the past 20 years, the firm has secured hundreds of millions of dollars for aggrieved shareholders. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the BTGO Lawsuit
Q: What specific misstatements does the BTGO lawsuit allege? A: The complaint alleges BitGo made materially false or misleading statements regarding its financial projections, business resilience, and the severity of risks posed by declining digital asset prices. When the true financial picture was revealed, the stock price declined sharply.
Q: How much did BTGO stock drop? A: Shares fell approximately 15.71%, a decline of $1.43 per share, after the Company disclosed a $14.8 million net loss for 2025 instead of the projected profit. Shares fell an additional 17.2% after Q1 2026 results showed a $60.7 million loss.
Q: What do BTGO investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at jlevi@SueWallSt.com or (888) SueWallSt. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my BTGO shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: Has SueWallSt handled similar cases before? A: Yes, including securities class actions involving revenue inflation, earnings guidance fraud, dividend misrepresentation, and executive misconduct across numerous industries.
CONTACT:
SueWallSt
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/btgo-shareholder-alert-bitgo-holdings-inc-securities-class-action-lawsuit---investors-should-contact-suewallst-302803946.html
SOURCE SueWallSt.com
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