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Could you please post the paragraphs listed on this government website practically read word for word, right from IMSCs web site?
Thank you
Gio
If This is true? Political connections not quality wins contracts
"We are also very concerned that TSA is awarding this contract to the same manufacturer who it recently moved to debar from federal contracting and significantly scrutinized for a lack of acceptable business quality and compliance management. If past performance is a factor in this decision, as TSA has stated, it is difficult to understand the choice they have made."
We need a New York Times & A Wall Street Journal
front page story.
Seeking Alpha for IMSC only goes to about 300 people
We need new shareholders.
A few more of these should wake people up.
They R Buying The News, A trend Change!
Gio
No One Is In A Hurry To Buy,Soon They Will be:O)
Pizza party for all. Lets dance.
IMSC has been offered buyouts always @ very cheap price.
Good post, This is painful.
yes, However this is a very common practice.
You have to keep your employees happy.
they will just reissue @ a lower price
J&J corporate response is a deer frozen in the headlight as they almost never find themselves in a l;osing situation. The
amount of the bond is peanuts to these executives that make that much for salary in a year or two.
By the time they wake up they will have to pay up.
They are in no hurry to take credit for this screw up.
J&J will Not have an entrepreneurial response but an old creaky kick it up the ladder time consuming collective decision.
Thank God
Gio
OK
I hope they met with a lot of prospective buyers.
That is a terrible question as there is no answer.
Leirum
Thank you.
This massage board is such an information powerhouse.
Thanks to all!
No wonder why J&J is selling and leaving a very profitable situation for DECN.
Gio
May 29, 2013 09:15 ET
DECN Steps Into Role of White Knight by Offering Strategic Version of GenStripâ„¢ Exclusively for Medicare Competitive Bidding Program
Company Offers Brand Name GenStripâ„¢ Into Medicare Fulfillment Market Where Reimbursement for Diabetic Test Strips Set to Drop 67% on July 1
LOS ANGELES, CA--(Marketwired - May 29, 2013) - Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStripâ„¢, the Green Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan family of glucose testing meters, announced today that the company and its subsidiary PharmaTech Solutions, Inc. have launched a strategically packaged version of the Shasta GenStripâ„¢ for sale to companies who service the "direct to patient" fulfillment (mail order and durable medical goods) channels. This channel, estimated to command a share in excess of 25% of all diabetes testing, takes on increased importance as a result of Medicare's mandated competitive bidding, which is anticipated to lower reimbursement of supplies and medical goods for diabetics by approximately 67% beginning July 1, 2013 and thus to lower market diversity in this important and traditional channel.
The importance of this strategy was recently borne out by the Center for Regulatory Effectiveness (CRE), a regulatory watchdog founded and managed by former regulatory officials, recently wrote that "there is no way a supplier can obtain brand name testing supplies, employ the staff to fulfill reorders, bill Medicare, and maintain a sophisticated fulfillment center(s) at that rate." Further "... there will also be a tremendous ripple going through anyone that works in the blood glucose testing space: companies will fold, many jobs will be lost (manufacturing, sales, fulfillment, R&D). There are companies that went out of business when this reimbursement change was announced, they just don't know they are out of business yet."
Keith Berman, CFO of the company and President of Pharma Tech Solutions, stated, "Our new Mail Order/Competitive Bidding version of GenStripâ„¢ will offer the brand name market an alternative where companies in the 'direct to patient' fulfillment business can offer high quality diabetic test strips and still make a profit without forcing diabetics to endure crippling co-payments."
DECN is a leading provider of prescription and non-prescription diagnostics, home testing products for the chronically ill and a premier developer of revolutionary cell phone centric e-health products and technologies. DECN's FDA cleared Shasta GenStripâ„¢ product was first introduced to the market in late 2012 as a lower cost (50%) alternative for user/owners of Johnson and Johnson LifeScan OneTouch® Ultra®, Ultra2® and Ultra Mini® glucose meters.
Forward-Looking Statements:
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates," "will" and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions.
For further information about Shasta Genstrip, please visit the company's Web Sites: http://www.decisiondiagnostics.com or http://www.genstrip.com. The company's Genstrip videos can be viewed at http://www.pharmatechdirect.com.
GenStripâ„¢ test strips are a product of Shasta Technologies, LLC and are not manufactured, distributed, endorsed, or approved by nor associated with LifeScan®, Inc. a Johnson & Johnson® Company, manufacturers and distributors of the OneTouch® Ultra® Family of Meters and OneTouch® Ultra® test strips.
LifeScan Layoffs 6/13/13 Looks to me like they are cleaning up to sell.
DECN could cost them 36 million or a lot more with the 2 lawsuits.
http://www.cafepharma.com/boards/showthread.php?p=4759234
Lifescan Layoffs 2/12/12
http://www.cafepharma.com/boards/showthread.php?t=491244
Good luck to all
Gio
you have to make the new stockhoders winners for your shares to go up.
fat chance
Mr. S
You could be correct.
I find this: LifeScan is a division of Ortho Clinical Diagnostics, registered in. England and Wales. Registration number: 2549777. Registered Office: 50-100 Holmers Farm
http://search.aol.com/aol/search?query=life+scan+meters+are+Ortho+Clinical+Diagnostics+units&s_it=TB20
Regards
Gio
life scan meters are Ortho Clinical Diagnostics units.
So the whole kit and kaboodle are up for sale.
J&J sees the handwriting on the wall
and wants out;O)
DECN could be a nasty kidney punch to J&J:O)
J&J will definitly pay well to have DECN disappear.
Others might enjoy torturing J&J and pay more.
GLTA
A delighted up and dancing
Gio
I would be very surprised at a buyout.
You would have to get the majority shareholders to go along.
I think they know the value of what they have a lot more then
shareholders who are willing to take 2 or 3 dollars.
To hell with the quick buck artist.
Gio
never mind
9000 going twice
9000 going once
ValueFinder Your Invaluable;o)
Thank you.
You give me a clear understanding of DECN value.
which is difficult if you knew me-vbg-
Gio
ps
Is it too early to have my celebratory Patron Anejo?
Wow even by my standards the answer is yes.
I have owned this since 15 cents
I overdosed @.35
It has been a long haul since 35 pennies watching
it go to $1.80 and b-ack.
It leaves a dry ack ack in the back of my throat.
Nice to get a PR like this which should finally raise the price
And the realization that the U.S. Gov`t can throw half a billion at IMSC like they did to GE, Morpho, and Smiths at various times in the past.
This makes me verry happy and hopeful
Gio
My Apologies to The Sales Team @IMSC
IMSC`s HUGE ADVANTAGE No Radiation!
These guys can move them anywhere with
Zero hassles.
We Are The Champions Of the World:
What a comeback-vbg/ng-
Buy The Dips in DECN
Eveyone Please Pin This Post To Your Forehead
Thanks to Valuefinder8:
A supplier contract was initiated by Walmart according to the filings. It was also renewed 2 times since the initial agreement.
Walmart is not a bad thing at all. The reason why it had a relatively bad name for the economy in the 90's was many sectors and industries prior to the year 2000 had multiple layers of middlemen. These people transacted commerce between the manufacturers and the final consumers. It used to be raw materials, then manufacturing, then large warehouse buyers en masse, then distributors and finally retailers. When Wal Mart and Sams club changed the chain of command, especially sams club, they basically set up agreements direct with manufacturers and bought product en mass to give the absolute lowest price that could be produced and they sold direct to the consumer out of the warehouse. DECN was approached because it fit their distribution bill to the tee. They see the potential too and of course know what it will mean to their bottom line. Genstrip was a no brainer for their product additions. Its a no brainer for all the stores out there, we will hear more about that in the future I think.
One of the negative things JNJ and the other big Pharma companies had to endure in order to create their 20 Billion dollar Blood Glucose monitor , was not only giving away a billion dollars in meters, but they had to spend hundreds of millions on advertising, hundreds of millions in power broker lobbying expenses, hundreds of millions in wineing and dining doctors via pharmaceutical sales reps and tens of millions in retained lawyers in order to deal with fall out and pending litigious issues. This is on top of high paying salaried jobs, large white collar salaries and bonuses corporate expenses some deemed luxurious and alot of pensions and rising costs now incurred by the larger matured company. All these expenses add up to the cost of a product, not to mention the research and development initially 15 years ago. Ever wonder why a 4 dollar pill can be sold for 20 cents 7 years later when the patent expires?
So even though the test strips are similar, Genstrip and their set up is vastly cheaper, easier, more flexible and nimble then the brand name Pharmas. And the beauty is they can reap the benefits of all those Billions big pharma invested in the key stroke of an enter button.
The court battle battle was about big pharma trying to say "we gave out a billion dollars in meters, a new company shouldn't be able to destroy us because they made something that works with our meter" Basically they are mad they laid all the ground work and it cost them billions and now a better, lower cost producer can utilize their infrastructure without those expenses. The free market economy should triumph over big pharma crying.
It is the same idea as if a mom and pop burger joint was upset McDonalds wanted to move next door. The mom and pop shop may not like it, but they have no legal reason to keep mcdonalds out. Competition is not only legal, but it keeps the country going.
For those of you talking buyout, think harder. For those wondering why the street hasn't caught wind yet, don't be upset. This is not such a bad thing that some daytrading group hasn't come in here and blown it to 5 bucks in one of their "plays". That type of volitility and lack of clear direction of what the company is worth would change potential negotiations anyways. Letting Greed and Fear enter the market at this point is not a good idea. I would rather see how the company will play with their 4 aces., they have something very powerful I suggest they use it wisely.
Leirum
Good chart
Thnak you to all.
My apologies to alyder
as we need a good contrarian signal;O)
"to know the true path" or whatever.
Chingachgook Indian Warrior
Have to get rid of the nerveous nellies
who have no idea of how Valuable DECN is
and will become;O)
Gio
Anoter day ,Another week with no sales!
What are the sales teams doing?
They are ineffective.
Fire the high priced lot of them.
and make sales dependent on commision
T-R1 Thank you
Gio
I think he meant the airline industry.
What is your postion if I may ask.
It would help us all out if you see the security from the inside of the airport and could report.
Thank you
Gio
On Topic: Runaway, Everybody Up & Dancing
Where will DECN close today?
My wag up$.27
WoW
No Sellers Today!!!!
Gio
Thank you to the two Mr.S!!!
It`s gonna be a great day.
Gio
Does anyone have the link to the J&J lawyer admitting
They do not have a patent on their Life-Scan strip?
TIA
Gio
J&J Faces Contempt For Contacting Glucose-Strip Sellers
ByJonathan Randles0 Comments
Law360, New York (August 30, 2013, 4:44 PM ET) -- The Johnson & Johnson subsidiary that makes OneTouch Ultra glucose monitors could be held in contempt for using privileged information to contact distributors of allegedly patent-infringing glucose test strips after obtaining a preliminary injunction, a California federal judge said Wednesday.
J&J's LifeScan Inc. unit violated a protective order when it used confidential information to contact distributors for defendants Shasta Technologies LLC, Decision Diagnostics Corp., Pharma Tech Solutions Inc. and Conductive Technologies Inc., U.S. District Judge William H. Orrick ruled.
The court ordered LifeScan to explain why...
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A Great Name Change would Give IMSC Instant Recognition
in the Bomb and Explosive World.
A name change is essential.
Implant Science? Old biz old name
Gio
This % gain will wake people up.