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"...do we have a device or not..."
KB already stated that the company estimated shipping up to 525,000,000 units THIS YEAR.
Does that sound like there is a "device" or not?
Breaking News on TV now: Of 200+ tests submitted to FDA for testing...
...only 12 received the EUA.
This news to be discussed on Good Morning America in a few minutes.
They can no longer short this stock...
...but they sure can get a Margin Call for prior shorts.
I sense millions of dollars of short sales going up in smoke. And the brokerages are loving it.
Meanwhile those shares sold short have improved the liquidity situation for those who want shares.
Good Find! Well Done.
Th Covid-19 Test Meter is based on a Diabetic Test Meter that has been in production and in the market for quite a while.
This new product for Covid-19 may require nothing more than a small upgrade to the current design, for example in the form of a new platinum electrode and a firmware upgrade for re-calibration, etc. No new tooling required.
It is my understanding that this is not a gigantic upgrade or change. They said it can be re-targeted to detect Polio, and Ebola, etc...
Sounds good to me.
The OTC market did not have these shorting problem until they removed the Up-Tick Rule in 2007
After that it has been an occasional blood-bath...
The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
The uptick rule is a trading restriction that states that short selling a stock is only allowed on an uptick. Short sales were not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions." The rule went into effect in 1938 and was removed when Rule 201 Regulation SHO became effective in 2007.
Thanks. That is good to know.
"...boatload of more sellers than buyers..."
Someone posted that this stock now has a 45 MILLION share short position outstanding.
Supposedly those short shares were "borrowed" from the actual owners. At least, that's how the system is supposed to work, as I understand it.
So, how are the true owners of the stock going to sell THEIR shares if they have been "lent" to short sellers? Where will the shares come from?
It seems to me that the shorts will have to cover BEFORE the true long shareholders will be able to sell. Or am I missing something?
And the many Market Makers are now out of the situation, requiring them to re-apply to make a market. Form 221 ?? or whatever...
So I would really like to know just where are the, so called, massive share sales are going to come from? Initially, there will be very limited liquidity. And the MMs are not going to participate... or are they?
And the market still has a 3-day settling period. We'll be well beyond that come May8. Won't the shorts be FORCED to cover immediately?
Based on what I understand, It just seems far more logical that there will be MASSIVE BUYING on May8.
I think that is called a SHORT SQUEEZE. I believe that is what will happen.
Of course, if the FDA approves BEFORE May 8 then all bets are off. IMO We'll be going to $15 a share very "shortly".
And in case you haven't noticed May 8 is a Friday. So it should be a very active session although we may not see much without a visible Bid and Ask.
Good Luck to All Longs!
"...cover ... at a significantly reduced pps."
I think it just might go the other way. There will be NO shorting but there will be short covering. Maybe a lot, might get frantic and parabolic.
I was thinking I would put in a high limit order at $3.00 per share for 40K. That's the last of my long-term cap gain position.
This is a crazy market and a crazy year. Who knows, I might get lucky.
Great post. I agree totally.
Isn't a "Matched Trade" about the same as a Limit Order marked All-Or-Nothing ?
Concerning the Grey Market...
If you can't see the Bid and Ask you just put in a Limit Order for the number of shares you want to buy or sell and the price, and you either get filled in full or not.
"...the timing of the test coming out yesterday was not a coincidence no way"
Yesterday there was a TV news release that stated since the Covid-19 Pandemic started there have been MORE than 24,000 complaints of CV19-related fraud. And it has added up to more than $18 Million lost.
I don't have a link because I saw this on TV after my 15th and last post of the day.
Obviously, the Fed is escalating their enforcement action. Which is a very good thing.
So I suspect that DECN may have been tagged by complaints and simply got caught up in some kind of industry-wide sweep.
No doubt, there have been many dozen threats of litigation and complaints posted on this forum. I can't imagine from where else complaints about DECN would originate from, if not from here.
As far as I am concerned the temporary suspension was an attempted corporate assassination. And on May 9 we will know if it was successful. I think not.
IMO Decision Diagnostics will be vindicated, their product claims will prove to be factual, FDA will approve both products, and untold millions of kits will be shipped THIS YEAR, as planned.
Good Luck to All Longs.
"There are already three COVID Home Tests on the market..."
The FIRST CV-19 home test certified for sale in the USA was announced this Sat. AM as available.
It requires a "doctor's referral", so says Fox News.
A very famous Danish physicist, Niels Bohr, personal friend of Albert Einstein, once said...
"Prediction is very difficult, especially about the future."
Take it for what it's worth...
Question: Is the "grey market" actually a market where stocks are bought and sold?
If so then how come we can't buy or sell now?
If the stock can't be traded then it seems to me that we're not on ANY market. We're in purgatory.
I think we are still a pink stock under temporary suspension.
lakes, I recognize your handle as a long time presence here...
...and I do appreciate you being here.
Not so much because we might agree, but because you are aware of the history of this company and all of the incredible crap they have had to deal with just to stay in business.
If Berman was not the experienced entrepreneurial CEO he is, we wouldn't be here now.
He is like the proverbial bulldog who sinks his teeth and won't let go no matter what.
He prevailed in the J&J law suit because he knew he was right to fight against that evil and fraudulent attack.
Berman was successful then and he will prevail again. That's what he does, and we're lucky that he in charge.
THIS time is different, as millions of lives hang in the balance.
I have no doubt that you and I and other longs are going to make bank here. It's just a matter of time. I am personally excited for the opportunity going forward.
Good Luck.
You are absolutely correct.
This has nothing to do with CV19 and testing for validation.
It's totally a market thing, and the market is completely controlled by big money, some of which want this company to die inorder to protect their profits.
It is hard to believe that so many posters have such tunnel vision that they can't see the Big Picture.
Wrong... Not one penny has been lost.
But you may have lost next months rent which you foolishly put to work here.
And you know that... How?
I say that the SEC is on the wrong side of history.
Pink, grey, or blue.... I don't think it matters. There are much larger issues here than just stock trading.
You can't see the trees in the forest, so to speak, because you're too damm close. Step back and look at the Big Picture.
As much as I hate to say this, a year from now there MAY be 100 million dead from CV19. The numbers will compel this product to be available REGARDLESS of the stock situation.
I will be driving up to Canada to buy my DECN meter, probably next September when the inevitable 2nd wave of CV19 devastates the world.
IMO the SEC is on the wrong side of history. They may cost some speculators their money (next month's rent), but it won't stop this product from reaching the world wide market.
All just my opinion as a long term shareholder and amateur futurist.
Anyway, no one can buy or sell shares right now... So we wait.
"...progress is disrupted and many American lives is at risk..."
You are correct, Sir.
The big losers here are the American People. DECN can still sell the product around the world. And I bet that is exactly what will happen. They already have the orders in hand.
In the same way many American's have to fill their prescriptions in Canada and Mexico, because of market price fixing here, the DECN CV19 meter will have to be imported from, France, or South Africa, or Turkey, or wherever it is available.
From my viewpoint, this is not a problem limited to DECN but a symptom of a much larger problem in America. The runaway cost of health care. This is why DECN must be killed off - so others can profit from the misery of many.
But it is NOT going to happen that way. DECN will be vindicated. This has evolved way too far to be a scam. The diabetic test meter is already selling and producing revenue. Why would Berman put that product and the entire company in jeopardy with a follow-on scam product? That make no sense to me.
I agree...
This is kind of like the J&J phony fraudulent patent law suit all over again.
I am guessing J&J and Big Pharma don't give a flying F**k about the citizens who are dying alone at home for the lack of testing.
The financial markets, that control the SEC, don't have an ounce of morality or ethics - it's ALL about the money and profit and nothing else.
It's the way of capitalism.
"...sorry to all invested here..."
Buying a stock and selling it the next day is NOT investing.
It is speculation and more like gambling. Not real investing.
Most of those who bought recently have put the stock on a strict schedule. They expect to produce a certain profit within a very tight time-frame and if not, they declare it a scam. These are NOT real investors.
IMO.
Kind of like an English soccer match. Wouldn't you agree?
Virtual Fist fights should break out any moment.
Everyone with a strong opinion is seeking (demanding) validation by demonizing those who don't agree. More or less the way Trump runs the country.
This forum has always been a kind of free-for-all. Now it is a cage-match.
LOL
"If DECN is found guilty.."
So you think there is going to be trial?
This is not a legal process, the DOJ is not involved.
This is a good old fashion lynching - No trial- no jury- no opportunity for
defense - the American Way.
The product either works or it doesn't. You either believe that it works or you don't. Right now we're all waiting for the facts to emerge. The SEC's actions are based solely on the trading, which was very volatile.
The Market Makers are required by their position to maintain an "orderly market" and they failed to do so.
I believe that DECN will trade again, but the situation will be entirely different when it does.
All IMO...
Prediction: By May 8 the testing will have been completed successfully, The FDA will have approved the product and the stock will resume trading.
The stock will open at $3 and move to $15 by September.
Those laughing and gloating now will be crying - those crying now will be ecstatic.
Just wait and see...
All just my opinion.
Is a temporary suspension proof of lying?
I don't think so. THE FDA is our friend, the SEC is our enemy.
No official accusation, no trial, no jury... Make a ruling behind close doors and then Just move on to the penalty phase.
This is capitalistic BS. Based on how this gov. operates and who is running it, I think America is getting screwed out of a working CV19 testing solution. I hope not - I hope the product still makes it to the marketplace, regardless of what happened to this stock.
All just my opinion...
Forcing everyone to hold their positions.
I have been holding for a much bigger profit anyway. So no big deal.
The show is not over yet.
Just curious...
Xerox once sold for .06 a share.
Would you have bought that one?
The more risk the bigger the potential payoff.
Right at the end of Feb this stock was below .017
And I'm guessing you would't have bought it then.
Hindsight is always 20:20
It is the future we are betting on. So what indicators should we be looking for?
Yes, but he has an opinion.
Some folks actually believe their opinions are factual, simply because they believe in them so strongly.
It is called "wishful thinking".
I am all for skepticism and Devil's Advocate thinking as a way of divining the truth.
But there is also logic and common sense, which seem to be not-so-common. Especially on this forum.
I am totally opposed to revisionist history. The past matters not so much.
After being long all of these years, THIS stock is, once again, FUN to own.
And Thanks for being here, Mr. Plutonium.
You can thanks Pres. George Bush, Jr. for THAT!
He's the guy who removed the market "Up Tick Rule" that required that stocks could be shorted ONLY when the stock was moving up in price.
Now the shorts can just pile on one short sale after another and the PPS never has a chance to recover, until the short sales stop coming.
That is exactly what we saw today. Everybody jumped on at the same time.
The Up-Tick Rule existed to protect long investors. And we certainly don't want anyone being "protected" at the expense of someone else's profit.
So the premise of your argument is that past events dictate future events.
That whatever Berman did in the past, he's STILL doing it.
And this hand held CV19 detector can't possibly be real?
Well, don't bet the farm on that argument.
You are Very Welcome.
IMO When you invest in penny stocks, that are high-risk by definition, you are really investing in the people that run the company. I think I made a good choice.
As I posted earlier, the highest PPS I have ever seen here is $1.06 and I chose not to sell. That was years ago and with a different company name and biz plan. Back then I was expecting to exit at around $2.50 to $3.00. So that is still my plan.
As I posted earlier, I started at 40 cents and have averaged down over the years. Bought a lot on dips and Sold a few on any rally. And NOW I'm in at .075 average.
"...testing is only just now starting..."
That would be testing for FDA approval in the USA. Obviously...
I am a retired engineer and I have worked on several dozen projects over 35 years, developing exotic electronic products, including a few medical products.
There is NO DOUBT in my mind that our product has been extensively tested by the same engineering team that developed it.
It has been developed in South Korea and I cannot imagine any difficulty in getting samples from the local community. This process is generally referred to a Beta Testing and has been performed on virtually every electronic product that has ever been built. It is an integral part of the process of product development.
In fact, knowing how engineering is actually done, I would NOT be surprised if the product has been informally tested in a small community sample of locals, over a period of weeks, and the result is IT WORKS! This probably happened back when the stock was two pennies, just a few weeks ago.
I doubt We would never have gotten this far if the product didn't work.
Long ago I recognized the entrepreneurial talent of Mr Keith M. Berman. This is why I have stuck it out so long. And now it is more clear than ever that this stock is a gigantic winner.
I have been a shareholder since about 2004. I have previously flipped the stock a dozen times for profit - never lost a penny. My current position I started at 40 cents and rode it up to $1.06 a few months later. At that point I did a "sanity check" and concluded that the stock was worth at least $2-$3. So I held.
Then they got sued by J&J and the rest is history. In my opinion, this company was a victim of a massive fraud perpetrated by one of those multi-national Fortune 500 companies that is just "Too Big To Fail". J&J nearly got away with Corporate Murder, but they failed because their patent suit was a fraud. And I am not alone in this opinion.
So after all these years of turmoil the company has finally got their act together, so it appears. I just don't quite understand what the several naysayers want to happen here. They are "swimming against the current", so to speak, and going down stream very rapidly. Despite what they claim, this company has always been a winner, even though they were marked for death, they prevailed in the end. That means a lot to me - that they beat J&J, a truly evil corporate adversary.
I hate to see anyone lose at this stock game. I'd like to see everyone win. But in this game there has to be losers in order for there to be winners. And you can't argue a point with someone who doesn't think rationally and is blinded by greed. So I guess the games here will continue.
Good Luck to All Longs.
VV
Maybe when it gets to $10/share you might be more interested.
So far, you are interested enough to be negative on it. That's OK.
Please do some due diligence because this just might be the Investment of the Century.
"...it's the #1 rule of investing..."
Excuse me, but I thought the #1 Rule was:
Buy Low, Sell High.
Perhaps Disaster Plays are the wave of the future of investing.
"...climbing on a thursday..."
Tomorrow will be the 2nd Good Friday in a row.
Is this one of those "Somebody Knows Something..." moments?
Or just pure speculation?
Or a unique blend of both?
If we hit .26 we will have a new 52-week High!
Right, Decision Diagnostics has a very special relationship with Johnson&Johnson.
The phony J&J patent lawsuit probably cost DECN a Billion Dollars in lost revenue.
Yeah, J&J will make a great partner.
(NOT!)