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I imagine more than one reader of this board would love to know your qualifications for making the claim that something you did not design, have never seen the design specs for, and have never participated in the testing thereof doesn't work . . .
We wait with bated breath . . .
The Whole "Results in 15 Seconds" Thing
Any of you own a blood glucose meter?
Once you put the drop of blood on the end of the strip, the machine takes about (usually less than) 15 seconds to read it. This is what Berman has been saying.
Results in 15 seconds.
Time to take the kit out of the box, load the strip into the meter, load the lancet driver with a lancet, activate lancet to prick finger, squeeze blood droplet onto strip in meter . . . probably about a minute or two total.
Once the strip is activated with blood, the results should show up on the meter in about 15 seconds (or less).
It's really not that complicated . . .
Some have defined "results" in such a way to make Berman's words seem misleading. Why don't you read through the PRs and see if you can determine what Berman meant by "results"?
Approval vs. Authorization
The current step in the FDA process is seeking Emergency Use Authorization, which is not FDA approval. FDA approval is a much longer, more detailed process. However, EUA is a step in the right direction toward ultimate FDA approval. Right now, DECN is only seeking permission from the FDA to manufacture and sell the kits during the COVID-19 emergency that was declared a couple of months ago. When/if that emergency ends, all devices/drugs sold under that EUA that are not FDA approved must no longer be sold . . . until they gain FDA approval.
Just keep in mind that authorization (what we are currently seeking) is not approval.
You Know News Loves To Leak Out
What do you think these past few days of up>hold in the share price have been? There is no way this get authorization without it leaking out via Twitter, FB, message board, etc. NO WAY. You may not believe it when you see it, but if the test are authorized, you will see it "out there" somewhere first.
FDA catches unscrupulous companies selling test kits
This causes one to wonder if these companies will be suspended by the SEC? The FDA says it can actually "see" these bad actors marketing the test kits that it "knows" are fraudulent! DECN, whatever it's errors, is certainly not guilty of THAT!
To his credit, he did NOT immediately release a PR related to the second pre-EUA filing . . . it sorta filtered out and then was confirmed in today's PR.
Not bad at all!
Someone(s) clearly wanted some shares today. Now, when is that Emergency Use Authorization going to be announced? Whenever it is, we'll be in Dollar Land, that's for sure.
Got a nice email from a Ph.D. in electrochemistry who, after looking at the product design, explained simply how it IS possible to test for the virus in blood in this manner using EIS.
But, it will be very interesting when this part of Berman's braggadocios banter begins to receive attention:
"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."
https://apnews.com/ACCESSWIRE/93e54e73a94dd2b5ea2abfac0725b91e
Man, I'm betting you'd want a LOT more qualification than you offer in that statement before you put money on it!
Do you mean "approval" or "authorization"?
I could not agree more. Safe from shorting, and can you imagine the shock and awe IF the tests get authorized, and you have to buy before you can sell! And no matter how many shares you sell, there is always a willing buyer to suck them up?
I think someone(s) may not have thought this through all the way . . . OR they were so confident the technology could never work, they played out too much rope.
E.I.S. was used in Coronavirus Detection Recently
https://link.springer.com/article/10.1007/s00604-019-3345-5#MOESM1
Nasal sample, not blood. MERS, not SARS2, yet . . .
You are correct (pre-EUA) - mea culpa
The Reality Looks Less Contrived (corrected)
In just a few weeks we've moved from "Not sure" if Berman even had a test to "pretty sure" he had a test to "certain" he has a test.
Simultaneously, we moved from "It can't work" to "pretty sure it is impossible" to "I don't see how it can work" to "maybe it actually works" to "hmmmmm."
Along the way, a change also happened in relation to EUA submission: "no way he's that dumb" to "pretty sure he did not" to "where's the proof" to "okay, maybe" to "well, lookee there!"
Now we find out there were actually TWO pre-EUA submissions. Did Berman's team get enough confidence from the design and feedback from the FDA related to the PRO model that they decided to proceed with the At Home model?
South Korea is home to many diagnostic kit manufactuerers. Perhaps The Bio has production agreements with some of the other manufacturers there that would support Berman's 420-525M unit production claims? I have not been able to locate much solid information on The Bio's production capacity.
Why would the annual report need to spell out exactly how a manufacturer engages sub-contractors? We are talking about access to potential increased production, not historical production.
The Reality Looks Less Contrived
In just a few weeks we've moved from "Not sure" if Berman even had a test to "pretty sure" he had a test to "certain" he has a test.
Simultaneously, we moved from "It can't work" to "pretty sure it is impossible" to "I don't see how it can work" to "maybe it actually works" to "hmmmmm."
Along the way, a change also happened in relation to EUA submission: "no way he's that dumb" to "pretty sure he did not" to "where's the proof" to "okay, maybe" to "well, lookee there!"
Now we find out there were actually TWO EUA submissions. Did Berman's team get enough confidence from the design and feedback from the FDA related to the PRO model that they decided to proceed with the At Home model?
South Korea is home to many diagnostic kit manufactuerers. Perhaps The Bio has production agreements with some of the other manufacturers there that would support Berman's 420-525M unit production claims? I have not been able to locate much solid information on The Bio's production capacity.
Let's Suppose Berman Actually Was Working On A Test
I'd like to invite our esteemed friends to edit Mr. Berman's PRs (starting 3/3) to more adequately reflect what they perceive to be the truth related to the development process of the GenViro Swift COVID-19 test kit.
Since the PRs have been perceived to be so "price-pumping" - how would YOU have written them had you known what Keith Berman knew and believed at the moment?
The store of rhetorical devices and scientific knowledge will clearly be no limiting factor.
Please proceed . . .
I don't think one could make one's opinion any clearer. Of course, the curious might want to know if the One-Who-Opines has requisite credentials that offers a modicum of validation to said opinion?
Wonder if Berman Felt the Same Explaining Sales Estimates?
Except when you release a PR, you don't get to explain it on a message board to someone who does not understand it accurately.
Forward looking sales estimates acknowledged by Berman:
"The only exceptions were two predictions of potential future sales of test kits, which are forward looking statements and identified as such."
Form 550 no. 30(d)
So, trading WAS a concern after all
"as well as all documents concerning four (4) individuals, including but not limited to their trading in DECN stock."
Form 550 no. 27
The point was made that the virus is NOT in the blood, regardless of what else was said, and it was clearly defeated in the same post. When it is claimed that something "is not there" and data in which the claim is made shows that it WAS there, albeit in a low percentage of that sample, the claim is wrong. We will soon see if there is a Decision Diagnostics test that can detect the virus in the blood.
$DECN You can set up an account with E*TRADE in about 10 minutes. You could have shares transferred to trade $DECN in case the DTA lock takes an inordinate amount of time to remove. Better to have it and not need it than need it and not have it.
Note To Page Manager
You're going to need to change that "PINK" at the top to (beside $DECN) to "GREY" sometime tomorrow or you may get reported to the authorities by someone! It is essential that we only report accurate information here (or note when it is not confirmed). We ARE going to the grey sheets
$DECN MY SOURCES: NEWS BOMBSHELL TO DROP within 72 HOURS!!! π£ π₯ https://t.co/r2VWvddE1s
— TeeLip (@tltradeny) May 7, 2020
Any conjectures? Who wants to be right? Answers in tweets below...
π¦ πͺπΊπΈπ°π https://t.co/Rx8SuFRBmv
The Rumor Mill is Grinding at Full Speed!
- blockbuster news within 72 hours
- 10Q releasing a.m.
- partnership discussions
- EUA announcement over the weekend
- KB gets a haircut and shave . . .
- On and on and on it goes (Thank Twitter, et. al.)