Decision Diagnostics Corp (DECN)

[pumper_stumper]

Well that $3.5 million is less than 10% of the $67 million in needed funds.

So for the $3.5 million alone, that means that the D preferred owners will, after conversion, have ownership of about 1/3 of the company, taking that equity from the current shareholders! And yes, maybe there is more to the deal than meets the eye!

Let's see the terms for the remaining $63 million!

If he was just going to sell them Preferred D, then why all the ranting about "
"We are seeking traditional commercial credit and what we are seeking should not be confused or tortured into claims that the company is seeking non-traditional microcap company gimmick financing such as Equity Lines of Credit or similarly toxic transactions, which are neither purchases of Equity nor a Credit Facility.""?

Funny that they had to go to China to find someone naive enough to invest millions here! Maybe "Berman" means "honest man" translated into Chinese?