Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is Berman in jail yet? I havent checked in for a long time.
it will be interesting to see who and what is down the rabbit hole for the last 6 months
And you IPW! We are in dire need of a consolation year.
As to prosecutors, it’s not going to take a Harvard Law (Jack Smith) to bust Bozo.
And I sincerely hope Jack prevails. That would be a welcome aspect to referenced consolation.
And you IPW! We are in dire need of a consolation year.
As to prosecutors, it’s not going to take a Harvard Law (Jack Smith) to bust Bozo.
And I sincerely hope Jack prevails. That would be a welcome aspect to referenced consolation.
Haven't checked in for weeks, as likely months. Happy 2023 all.
Kind of like browsing through a pawn shop on a cold & rainy day. Nothing specific in mind but some great finds with no intention to buy. Thx. to all the informed and informative posters over the years-IPW, Rawman, pumper, ranger et al.
This now resembles a hotel, maybe bump into the regulars from time to time in the lobby. Speaking of hotels- who will check in to the Greybar first-Orange Man or Keith? TBD...
Interesting. Ascertainment of Counsel Hearing scheduled for 27th January...
I guess we may perhaps learn more about the parting of the ways between Berman and his long time consiglieri Herzog, when that hearing comes to pass.
As things stand Berman has been ordered to attend in person so I guess that may shed some light on the legitimacy of his ill health status.
So will Keith pull a rabbit out of the hat and appoint new retained counsel?
Or is he now potless (or playing at potless) to the extent that he will henceforth be relying on the services of the public defender to try and excuse his shenanigans?
In the latter case I would ultimately expect a change of plea to guilty as the smart move, as I don't see any public defender playing along with trying to pull the type of legal contortions that would be required to keep his sorry ass our of chokey for very much longer. And without such sophistry and procedural delays, he will be banged to rights in fairly short order.
We shall see I guess!
Good news--the court will find how he does things....maybe he will pump the shares
One would hope the Feds dig very deeply into Berman's finances! Think about it. He claimed never taking a salary or any money out of DECN. OTOH, he seemed to live a rather comfortable (lavish?) lifestyle. It would seem virtually certain DECN, buying the PharmaTech subsidiary from Berman, greatly helped his personal financial picture. I don't believe the buyout conditions were ever disclosed to the DECN shareholders. Plus, Berman was most probably paying himself healthy license fees for the passe' diabetes patents, as, if memory serves, he personally held the rights to the patents, not DECN.
Hey... Berman just got handed a Court backed PERSONAL bill for $333,000 plus interest.
No wriggling. No shirking. And there are no shareholders gonna pay it for him. If he has a property it will be sold..
Which means he either digs down the back of the sofa and forks that money over himself (which is gonna hurt), or else if he will not, or cannot, he will personally be declared bankrupt.
Which means no mortgages, no credit cards, no bank loans of any sort, and limited access to personal banking services.
That's not talk.
That's action. It may not be the end of this saga by any means, but it is a start!
He always had such a way with words. Glad you are still around. Noticed Johnny has been gone awhile too
Yo Rawman. Godo to hear from you again.
Hi IP! It's been awhile. I too was brought to DECN on the basis of Berman's rants re: JnJ, then his hookup with another dandy down here in the dregs of OTC land. About a year ago, after playing perhaps a small part in getting Berman whacked, it seemed appropriate to move on to other adventures. OTOH, I do lurk! (LOL!) The Court Order (all 34 pages), granting the Default Judgement against Berman and DECN, made for some scintillating reading. Your post reminded me of one of my favorite Berman moments:
(In Reply To: rawman)
plutoniumimplosion Sunday, March 29, 2020 7:44:19 PM
You know, you're a dick.
Enjoy the Holidays!
Well said!
I've been at the investment game for nearly 50-years and have seen and worked with guys like KB and his company DECN.
Mind Set
The "one" common thread with a con is, they feel they know it all and are smarter than the common man/woman, which shows up with their ego.
They also have one "key" mindset, they believe they won't get caught.
White collar crimes, much like KB was a party too, takes some level of either skill or knowledge on how to pull it off. Which of course requires some level of gray matter.
Is he stupid? Yes, in the sense of not taking the time to earn an "honest" dollar. No, in the sense that he had the knowledge of how to pull off the con.
A "stupid" person who creates a crime is the ones we see locked up every day. The smarter person is the one that understands how to rob people without a gun and stays out of jail. Much like some of the politicians we read about. But that's another topic for a different chat board.
Wise investor!
Sorry, I have no idea.
I had the good fortune of meeting Spanky and his side kick many years ago on another one of their cooked-up scams.
You can book on the fact that they check in here from time to time to see what is being said about them.
You can also book on the fact that many of his partners in crime have distanced themselves, or should I say, herself from KB, when the FBI was called in to review his scam.
One doesn't want to stand too close to Spanky, since you don't know what you might get.
Is he mainly at Thousand Oaks for his house confinement for bail, or Westlake Village?
Agreed.
Let's just say I happen to know him better than most here.
IP, good eye.
I haven't taken the time or interest to dig into the weeds at this point, since I have no financial losses here. My only interest was to let others know (based on past exposure) who KB and Barb were in the real world.
Regarding your two options. There is a third possibility.
Given KB ego don't be surprised if Herzog and him parted ways due to Berman an unwillingness to listen to reason. After watching how Berman went after the SEC, it is very possible that Herzog became no longer interested in representing a mad man.
That being said, I believe your first option of NO MONEY "may" have played a key role. However, once a firm is engaged, it is not uncommon to carry the client over the finish line without getting paid. It is difficult for a firm to legally walk away when their client runs out of money.
On consideration, there is a 3rd and 4th possibility:
(iii) Is that is that Herzog has finally got fed up with Berman ignoring his counsel and thereby instructing him in a way makes him look like a clown who is incapable of mounting a credible defence (on the basis that he is trying to defend the indefensible in an impossible bind).
(iv) Is that Herzog has come into possession of information or an admission that has convinced him of Berman's certain LEGAL guilt, and he is therefore unable to full-fill the requisites of a defence counsel where a not-guilty plea has been entered.
In most legal jurisdictions a defence lawyer must believe in the possibility (however slim, or on whatever tenuous legal grounds) of the technical innocence of their client in order to credibly argue in front of a court that they should be acquitted, rather than entering a guilty plea. Could it be that Berman now fails this test with Herzog? (Note there is a difference between 'factual' guilt and 'legal' guilt.). For example, if Berman is asking Herzog to lie under oath on his behalf, that would be enough to sever the ties!
My interest was piqued that Berman parted ways with Herzog (his lawyer) as soon as this judgement came in.
2 possibilities occur.
(i)Berman is Boracic and can no longer afford to retain the services of his long time consigliere.
OR
(ii) Keith may not have been to impressed at his counsel's admission that their reticence to respond to this action was effected with deliberation:
Interesting.
The fact that KB didn't show up to fight the judgment, says volumes in my world.
IF he had any assets, they would likely be held in different corporations under a number of different shields. In order for the parties to collect, they will need to pierce the corporate veil. Which is a high bar, unless they can show how he moved company funds around to hide his ill-gotten gains. Which is a whole new legal bill...LOL
No surprise here, thanks for confirming.
Yes, they won't see a dime.
It's true what they say, you can't fix stupid.
Good info. I only had the patience to read 5 or so pages of the 34 page ruling.
I don't understand the "lack of meaningful financial resources" as don't we at least know he owns several high priced homes? He couldn't have spent all the millions he got out of DECN in the last decade.
On a related note, his lawyer, Herzog, and Berman parted ways on his criminal trial. I'd guess he isn't being paid.
NOTICE OF MOTION TO BE
RELIEVED AS CO-COUNSEL
the undersigned will move before The Hon. Trevor N. McFadden on December 15, 2022 at 10:00 A.M. or as soon thereafter as counsel can be heard for an order pursuant to LCrR 44.5 to be relieved as co-counsel for defendant Keith Berman.
Dated: White Plains, New York December 7, 2022 Ronald S. Herzog, esq.
Kind of fitting that this is very close to the 2nd anniversary of his arrest.
Is a public defender next in line to defend our innocent and now "poor" man?
Do you have easy access to the Court and case# info?
ps. $.0001 Woohoooo!!!
DECN of course.
Would love to know these investors backgrounds, as to have that much to put in DECN when simply talking to any investing professional would have given them the info to avoid it. Probably inherited money.
Yes, and they doubled down on their ignorance, by spending money suing him, and likely won't be able to collect a dime. IF the company went bankrupt, they'd be line of creditors ahead of these people, for any assets.
Was the judgement against him personally or just against DECN?
I'm guessing the private placement only pertained to the company, which will make the judgements worthless.
It is not only common to watch investors not do their DD prior to investing in a company. It is even more disappointing to watch an investor throw more good money after a worthless judgement. Given KB age, they will never see a dime.
Agree with everything you said. JMO, I would file a lien against his house and cars and start a foreclosure.
A civil lawsuit against DECN resulted in the Judge ruling a default victory for the two shareholders yesterday. Strange that the "I'm too sick" defense didn't get played here. Just blew it off after some initial motions to dismiss and then bailed?
The case took just short of 2 years from start to end. Can you imagine if Berman actually strongly defended it? I don't see the legal costs of the shareholders in this case, but personally, in true pink sheet fashion, I expect that their legal costs will FAR OUTWEIGH what they get out of DECN! On other words, icing on the pink sheet cake, throwing good money after bad. Time will tell!
Poor Judge had to write up a 34 page ruling, which is quite well done and complete. Ridiculous that he/she had to spend all that time on this case.
These fools invested between $250-$350k each on this scam, at a rough average of 20 cents a share! Can you imagine, having that much to "invest" in a single pink sheet stock? Imagine if they instead had read this board, and found all the quality due diligence here that showed how obvious that Berman had nothing before losing a quarter of a million each?
THIS is the PRICE of not doing proper due diligence in the pinks! The market teaches expensive lessons!
Can the shareholders get water from a rock to collect on their win?
Anyway:
no ---just made to watch the ''Day of the Jackak'' over and over 99 times more
Stalling tactic....CO is a blank
No, the trial has been delayed a number of times because of medical issues. It's now scheduled for July 2023 but I imagine that might be pushed back again. Both sides have already more or less laid out what they are going to argue.
Did the ceo of this company ever go to prison?
BREAKDOWN........... the new rage...................breakouts here are rare
some stocks really cheeze me off......................................................CLINT needs a call
The only distinction I would note and this isn't relevant to anyone who lost money is that Holmes actually had people take blood tests she knew did not offer any of the promised benefits, which essentially means that they did not consent to having their blood drawn so there was a physical harm in addition to a separate financial one. In reality, this happened because the scam lasted long enough that she had to do something.
When I say interesting, I say interesting insofar as how far the whole thing would have gone if it wasn't stopped from the outside. The phony tests some pumpers posted suggest this could have gone there but there's also no evidence they directly came from him. You have to wonder if there'd have just been excuses for GenViro's absence or if there was a whole part b nobody will ever know about.
Keith Berman, CEO of DECN commented, "GenViro for the Coronavirus (covid19) began as an outgrowth of our GenUltimate TBG product line. What makes the testing for the Coronavirus possible, and the GenUltimate TBG special, is the company's Impedance measurement technology.
https://www.frontiersin.org/articles/10.3389/fmicb.2015.00940/full
While infectious disease testing and management has not previously been a part of our business model, we seized on this "do good" opportunity because our "Gen" line of products are and have been manufactured since 2016 in what is ground zero for Coronavirus (covid19) in Daegu, Korea. The company will have available samples of the blood of those previously infected available for testing as the company quickly converts its GenUltimate TBG methods and Precise meter, into a precise infectious disease testing device for the screening for Coronavirus."
Review Recent Financial Reports »
Visit PharmaTech Solutions, Inc. »
GenViro! 12-Month Forecast
Number of Months | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | SUM |
Year 1 | Apr-20 | May-20 | Jun-20 | Jul-20 | Aug-20 | Sep-20 | Oct-20 | Nov-20 | Dec-20 | Jan-21 | Feb-21 | Mar-21 | |
New Facility Customers | 0 | 0 | 0 | 0 | 0 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | |
Retained Facilities | 0 | 0 | 0 | 0 | 0 | 0 | 5000 | 10000 | 15000 | 20000 | 25000 | 30000 | |
Total Facility Customers | 0 | 0 | 0 | 0 | 0 | 5000 | 10000 | 15000 | 20000 | 25000 | 30000 | 35000 | 35,000 |
Kits Consumed | 0 | 0 | 0 | 0 | 0 | 15,000,000 | 30,000,000 | 45,000,000 | 60,000,000 | 75,000,000 | 90,000,000 | 105,000,000 | 420,000,000 |
We are not resting our laurels with our GenViro development. Later product entries will be test methods for Polio, Ebola (Marburg), Bird Flu, and SARS. The cost of our test kits will be sold in a price range of $4.95 to $7.95 per use. The Coronavirus kit will be sold for $6.95. Each kit sold will carry enough diagnostic for two tests, a primary test, and a test in reserve in case of human error in administrating the primary test. We plan to provide our diagnostics initially for use at hospitals, doctors' offices, and clinics. Once production ramps up, we will offer testing kits and meters to patients for testing at-home.
Mr. Berman concluded, "As you might imagine with a product announcement of such importance, we have been contacted by a number of potential partners for our kit, as well as companies who were not chosen last time to proceed past the proposition stage. The company's first choice for partnering will be a company that made "the cut" last time for our GenUltimate! TBG product. We will discuss partnering potential in a coming release. For the moment, the company is content calling on big box and long term care chains through its existing distributors and agents."
DECN also markets its PetSure! test strip for the diabetic testing of dogs and cats, a diagnostic specifically designed to run on the market leding Zoetis Alpha Trak meter system as well as the GenUltimate! 4Pets Test strip and Avantage! meter. The company has also just introduced its GenExpidient! Universal Translator for bio-sensor devices of different manufacture. A GenExpidient! device will be included in every Covid19 kit. Having such a device will lower the incidence of cleaning and disinfecting the GenViro! meter.
ABOUT DECISION DIAGNOSTICS CORP
Decision
Forward-Looking Statements:
This release contains the company's forward-looking statements which are based on management's current expectations and assumptions as of March 11 2020, regarding the company's business and performance, its prospects, current factors, the economy, and other future conditions and forecasts of future events, circumstances, and results.
CONTACT INFORMATION:
Decision Diagnostics Corp.
Keith Berman (805) 446-2973
info@decisiondiagnostics.co
www.genultimate.com
www.genultimatetbg.com
www.petsureteststrips.com
www.pharmatechdirect.com
SOURCE: Decision Diagnostics Corp.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |