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Whats your PT after FDA approval next week?
And the press release was underwhelming...
they cited two press releases as examples.
Shareholders were reveling in the PPS going higher and MM's were making a killing trading the stock.
the SEC can suspend trading in any stock for up to 10 days
Why would the SEC suspend trading in a stock?
The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:
• A lack of current, accurate, or adequate information about the company, for example, when a company is not current in its filings of periodic reports;
• Questions about the accuracy of publicly available information, including in company press
releases and reports, about the company’s current operational status, financial condition, or business transactions;
• Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.
the minute doctor clip on the home page of the website
I reckon we see $2 BID
only one reason the stock is trading in the greys
nobody had to report DECN
It will now open as a scam with little or no legitimacy
As for timing, I wonder if he would have done it knowing it was suspended. Timing might have been better if approved
TD is 100% no problem just like any
Does DECN have a test that works or not?
If yes, then X happens.
If no, then Y happens.
Suspension ends tomorrow night.
No shorting on GS.
Expect a PR tomorrow or Friday morning, although at this point it matters little . . . if the test works - no PR/PR - won't make much difference.
If yes, who will be the highest bidder?
If no, oh well . . . you win some and you lose some.
But . . . there's that evaluation . . . ~$14/share . . . possible . . .
it would not be dropping and volume would be huge
$13.56 per share
We are fairly confident of the following:
1. Decision Diagnostics has submitted at least one EUA request to the FDA for a COVID-19 rapid diagnostic test using Electrochemical Impedance Spectroscopy.
2. Validation testing is being done now.
3. Berman (like many of us) needs a haircut and a trim!
4. The SEC suspension of DECN stock will terminate May 7, 2020 at 11:59 pm.
5. The company has recently received good publicity in New York - the U.S. epicenter of the pandemic, the home of our financial deities, and within a short distance from Washington, D.C.
6. The company is in negotiation with potential partners to handle the potential massive demand.
7. There is no shorting on Grey Markets - where this will open on Friday morning.
8. What else?
Checks all my boxes.
Good theory. Seems likely to me. The problem some are having is getting past the "but. . . but . . . but, it's impossible, right" part of this development.
the LEADING manufacture and WORLDWIDE distributor of diabetic test strips
Sorry! I thought
so ego-driven buffoons do the "job" themselves
then we can truly be excited
and didn't decn hire a publicist? that's how you get news stories.
Hang on to this post in case you need it again
It is stupid to throw gas on the fire!
Interesting. It's not inaccurate language if the SEC says something that is misleading, e.g "up to," (we know it is misleading because it cannot stand on it's own prima facie meaning) but if Berman "forecasts" a number it is automatically misleading. How did the SEC confirm whether or not Berman had access to or reason to believe he had access to that kind of production?
when the SEC used "up to 525M" they were acknowledging the previous estimates of 420M and 480M that were made by the Company
The "up to" language wasn't used by the Company.
Then why is the SEC accusing them of using it?
"and (ii) DECN’s sales forecasts for the COVID-19 test kit that up to 525 million test kits would be sold in the first year of production"
Looks like a colossal mistake on the part of the SEC . . . inaccurate language . . . no?
At this point, this component of the argument is simply "straining out a gnat" . . . as I'm confident that IF the test is validated by a lab and then authorized by the FDA, hundreds of millions will be sold as fast as they can be produced and shipped. What else will silence the shrillity of the ever-escalating death "projections" and economic devastation by all media sources?
The FDA's so-called "juggernaut pal" is not even an American company!
Money knows no borders . . .
SEC's contention that 525,000,000 kits between August 2020 and March 2021 is utter BS.
Nice explanation, Nick. Thanks!
Federal Emergency Management Agecy
They know.
We are "doomed" to the greys, not pinks!
Usually when something stinks dude, it stinks for a reason
Google Searches for "Decision Diagnostics" past few hours
Someone posted this on another site:
https://trends.google.com/trends/explore?date=now%207-d&geo=US&q=Decision%20Diagnostics
I'm starting to think "grey" is a nice color.
No shorting and lots of momo AND fomo?
I suspect there will be a few more releases over the next 56 or so hours.
DECN, RIP.
When’s the funeral services for it?
Sorry, it already passed and has been buried ..
how many new eyes know about DECN tonight
Millions
they aren't playing any games.
I don't mean literally playing a poker game, but metaphorically where the content from the source (poker game) is mapped onto the target (business deals).
There are yet more echoes from the "hollers" that have not returned, so time will tell how this plays out. Unless you are stuck in a short position, there should be no damage, and, heck, maybe you can cover and make some money and we all win in the end. That's the best solution. No ill will here.
It's not a game to them.
I don't know what industry you're in, but it is always a game! That is why we speak of "winning contracts," etc.
I am only an observer. I have no power . . .