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Agree 100% ....it is amazing such cond, imo, can get away with this !
IMO, the latest press releases will be the basis of the FINRA and expected other charges against DECN. Sad, MF Betman would try to self serve on such a crisis.....I HOPE he gets the crown!
This in my opinion is the latest scam by MF Berman. He can't even get the diabetes test strip products in any madsive sales, profit ot shareholder value. I bet any support is paid advertizing. At this point I just wantout of this scam .....get it to .08 and I am gone but I still hope MF Berman gets his due for all his transgressions
His majesty should wear a crown!
With the Board building, are we any closer to big pharma, retail, grocer shelves? Any big beverage deals?
Have we reached a plateau? Any thoughts on bottling?
GenAccord Enhanced and GenUltimate TBG USA .....where are you?
DECN Press Releases in Dec and Jan placed your arrivals in Jan/ Feb ....
Are these just another example of DECN lack of execution?
Paragon deal press release celebrates 1 year anniversary March 12 ....any actual resulting sales yet or is Chuckie Deem just another footnote with DECN?
How's that perfect partner, 100 million plus deal over 5 years going?
Alltara private label?
Brick and mortar sales?
Russian Federation?
European CE?
Any other poop we can toss up on the wall? Other hints or rumors from the DECN hack?
IMO, it is amazing that one person can get away with all this ....shame on you, your behavior....I can only hope you will get your just measure one day ....filthy animal!
Does MF Berman and the DECN hack subscribe to Rahm Emanuel's "You never let a serious crisis go to waste. " with this Coronavirus statement by MF Berman's friend? "I am wondering if DECN has a way to quickly create a CORONAVIRUS test. I say yes."
DECN is NO Roche! Stay in your lane DECN! FOCUS! Get all DECN products on store shelves in the US and abroad!
"Roche’s New Coronavirus Test Could Speed Patient Screening
By Tim Loh
January 30, 2020, 9:08 AM EST Updated on January 30, 2020, 11:38 AM EST
Swiss pharma giant says it has the first test on the market
Roche’s test can diagnose coronavirus in just a few hours"
https://www.bloomberg.com/news/articles/2020-01-30/roche-s-new-virus-test-could-speed-up-screening-of-patients
I AM WONDERINGif DECN has a way to quickly get all existing products on big pharma, retail, pet stores shelves in the US and internationally as it has inferred/launched/stated yet has failed to deliver for a MULTITUDE of EXCUSES?
Another DECN material Lie?
The "agreement" with Paragon Sales and Marketing is coming up on its one year anniversary based on a DECN Press release dated March 6, 2019 with the Paragon CEo Chuckie Cheese, oppps I meant Chuck Deem ....BUT no results that have been announced by either party .... The Paragon Sales and Marketing website does not even display DECN, Pharmatech, etal on its Product or Manufacturing web pages .... is the relationship still in existence?
DECN has a proven track record of failed business artneships that just go nowehere.....where is GenSure that was internationaly launched in Spet 2017? Is Paragon Sales and Marketing like the Mexican distributor Agreement cited by DECN? .....
"In June 2018 the company came to terms with a third international distributor who will sell the company’s products in Mexico, Puerto Rico and in select South American countries. Initially the sales by the distributor will be our GenUltimate! test strips and meters, and our GenSure! test strips and meters. Governmental approval is needed
for these products. This distributor has so far not distinguished themselves."
IMO, the real question with DECN is how has this scam been able to go so long? Where s the regulatory bodies? Yes, it may be a small cash strapped company BUT it has still created VICTIMS! It is sickening that this is happening in the US and I will do all I can to bring it to the attentiin of the proper authorities. JUSTICE will be SERVED!
With the plethora of DECN product development, new product announcements, new products launched YET no significant increase in product sales, gain of marketshare nor proof of actual product being sold in brick and mortar big retail or private label executed agreements AND in combination with unaudited financials and dark reporting and so much claimed overseas activity, does this further support the ineptness of this management team or a more nephareous scenario whereby DECN shareholders fund the development, if real, but do not derive any benefit yet other/foreign proxies or shells do?
It is amazing that a company that cannot move the needle on significant increases on marketshare, sales, profit and shareholder value is allowed to continue to operate status quo by its 2 man board.....where is the fiduciary responsibility to shareholders?
MAYBE DECN keeps itself within the letter of the law, still IMO to be determined by a regulatory entity, but IMO, it is unethical, unjust and immoral.
There have been a recent increase of posters who have lost hope in DECN over the years ....I am coming up on 4 years and only see rhetoric,
exaggerations and no measurable results ....we need to hear honestly from the CEO and not his poster board flunckie or pen name....until then, BUYER BEWARE!
DECN has increased shareholder dilution and accrued debt so we know MFBerman understands the definition of INCREASE ....just need to apply it to sales, marketshare, profit and shareholder value! Before you go there, we are not interested in bailing this CEO out ....that is his responsibility as well as the BOD ...do your job! MF Berman, CEO, is not a victim but, IMO, has created many with his ineptness or con, you decide for yourself!
Remember the Wendy's commercial years ago of the old lady exclaiming, "Where's the beef?"
Hey Chief Excuse Officer, MF Berman, "Where's the Sales?"
Bring existing products to market if they aren't already obsolete.
IMO, DECN mismanagement created the "limited resources" situation....MF Berman and the BOD owns it 100% ..
. over $50M gone thru ....FIX IT or get an independent, non-DECN inbred talent to do so!
RESULTS, NOT RHETORIC, ENOUGH EXCUSES, TAKE SOME FIDUCIARY RESPONSIBILITY!
DECN Annual Shareholders Meeting - Anyone know when/where it is? Anyone ever receive a Notice for the meeting? Anyone know when the last, if ever, DECN Annual Shareholders Meeting was held?
I have previously directly requested this info from MF Berman BUT was not provided the info.
The following is from DECN By-Laws, in part, BUT I am not sure if these are the most recent version.
ARTICLE II SHAREHOLDERS SECTION 1. Annual Meeting. The annual meeting of the shareholders shall be held on the 1st day in the month of March in each year, beginning with the year 2002, at the hour of 10 o'clock a.m., for the purpose of electing Directors and for the transaction of such other business as may come before the meeting. ... SECTION 3. Place of Meeting. If no designation is made, the place of the meeting will be the principal office of the Corporation. SECTION 4. Notice of Meeting. Written notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall unless otherwise prescribed by statute, be delivered not less than ten (10) days nor more than sixty (60) days before the date of the meeting, to each shareholder of record entitled to vote at such meeting."
A great post by jrockford and worth your attention .....well written and measured ....captures my sentiment as well as many current and past DECN shareholders ...thanks, jrockford.
"Sadly this has proven to be one of my worst investments. Held for nearly 7 years and could not be more disappointed in the complete lack of results, dilution of shares, unfulfilled PRs and complete lack of accountability to shareholders.
Cash poor? No this has been cash mismanaged. Bid money spent on product development like Sure and Choice and no sales.
7 years and nothing to show. At some point you learn a painful lesson and move on. I’m there. I had respect for KB and his fight; but that has been lost with complete lack of results. What do you measure a CEO on? Results.
I could go on, but it is my opinion this is a huge charade. Hope i’m wrong. Perfect partner should have been locked and loaded. How many offers were on the table? Nearly 9 months and nothing final.
I don’t trust Pluto and frankly I don’t trust KB. My shares will be for sale at approx 2c. If you want them, there out there.
No more excuses, no more come and take over. 7 years of waiting. Shame on me. But really shame on KB and his board mouthpiece. Frankly it’s almost despicable what they have done to honest people with good intentions. What a scam. How do you look in the mirror and feel good about yourself and what you have done. Numerous offers 3 years ago. Instead you chased your greedy, selfish dream at the expense of others. Shameful.
Get to work and honestly communicate with shareholders.
No response required. I won’t be reading it anyways. Shameful."
February 17, 2020 .... Another DECN dud?
Maybe DECN Policy should be:
Don't talk, just act.
Don't say, just show.
Don't promise, just prove.
If the DECN Chief Excuse Officer ran as much as he runs his mouth, he would be in great shape.
2020 ... Hindsight ....just like every other past year ....All rhetoric and ni results....industry idiots on parade!
Failure or Fraud or Fiction?
How did that DECN February 17, 2020 "launch" go? Another DECN example of all talk and no results? Shareholder value does no seem impressed once again with the rhetoric and no real results!
DECN ... Deception, Excuses, Contempt and Non-performance!
Reality v. Rhetoric?
Any ACTUAL DECN announcement/ececution today as mentioned DECN in comm of late?
Please send links to actual product sales so I can apologize for doubting this, IMO, crook/con/coward!
Russia ..... There is a web portal available in Russia at www.moidiabet.ru which means My Diabetes .....once on the site you can use the translate function to translate to English ....in part, the purpose of the website ....
"The main goal of the project is to create an actively interacting community of patients with diabetes mellitus and people involved in this disease (doctors, etc.) in the territory of the former CIS (Russian-speaking countries).
The project also aims to provide community members with timely and fairly accurate information about organizations working with patients with diabetes mellitus and points of sale of necessary equipment and medicines."
FreeStyle Libre runs a banner on the site that states is available throughout Russia and shows a pic of its CGM solution.
Can't wait to hear what DECN has in store for us on Feb 17th ....GLTA
! It is hilarious that MF Berman infers divine intervention with his latest product names and associations....the real miracle is that this #astar# is not in jail, IMO!
IMO, let's see a miracle with reality and not standard DECN rhetoric.....like
the South American deal, international launch of GenSure in 2017, Canadian do good deal. recent license deal, perfect partner deal and so many other unfulfilled claims, deals, partnerships, agreements, exaggerations and other bs, IMO.
DECN and IMO, its inept at best and fraudulent management at most is an example of our lax criminal system .....may all involved rot in Hell for all the victims they have created!
GenSure was internationally launched in Sept 2017 and has yet to be seen for sale......the, IMO, DECN Chief Excuse Officer, MF Berman has no credibility and is a reputational risk ......
I hope this hoax can prove me wrong to the benefit of long shareholders .....if proven (I doubt it), I will be the first to day I was wrong and MF Berman wad right ......until then, IMO, he is a long term CON! And should nurn in Hell!
You need some spelling mistakes to make it an accurate DECN No News Template! ROTF!
Did the DECN CEO (Chief Excuse Officer), MF Berman take a side job running the Democratic Iowa Caucus reporting and metrics software? Seems like his MO ....
All hype only to be followed by a dud!
Another PR .... Let's see signed
agreements, product on the shelves, measurable results ..... What manufacturer will produce this 5,500 vial order? With "capacities" monthly of over 150k, should be no problem for the Korean partners.....lol!
Let's get some PR's on RESULTS and not just RHETORIC .....use your DECN Decoder ring to wade thru the BS.
2020 ....perfect eyesight to see the BS!
Yes, unfortunately I have been around long enough to see the theme of such DECN PR's ..... IMO,, you have to make sure you wear your DECN Decoder Ring to separate the hype .... Such PR's used "increased capacity" rather than "increased production" .... Hype or exaggeration, at best ....how many times in DECN PR's are not commital or vague words used such as expected, anticipated, bar napkin, more information coming soon, etc used?
- How is that perfect partner deal doing?
- How much JnJ market share has DECN taken since DECN metaphorically brought JnJ to its knees? LOL!
- Paragon or Fetch4pets produce and actual sale results yet or are they like the Mexican distributor of last year getting off to a slow start?
- What excuse does DECN, its 2 man BOD, and unaudited financials have today? The Corona Virus has not been evoked by DECN ..... YET?
I didn't realize that DECN sales/orders were so HUGE that the Korean Partners needed help to produce product ….. manufacturing capacity was DECN PR being touted as increasing …. Does DECN still have active relationships with these Korean partners? Is MF Berman and Mr. Lee still on one of their BOD's? What about the "investments" DECN made in this/these firms for specialized equipment?
Does DECN do the actual product development or does it white label foreign products? Seems a lot of product development with very few making it to retail brick and mortar or even ecommerce. Is OK Biotech the new partner of the month in Taiwan? www.okbiotech.com
- Where is the Perfect Partner?
- What has Paragon Marketing done for DECN? 1 YR PR Anniversary March 2010.
- What has Fetch4Pets done?
- Fufat wrote a very good post on IH that should be reviewed ….bottom line, time for DECN (as it has been for quite a while) to show results and NOT just talk about it!
- An audit or discovery would be very interesting in following the $$$ with DECN, IMO!
Hope to one day be proven wrong about IMO of DECN, BUT so far …..nada!
COMPETETIVE INFO ====> TRUEPOINT Generic Test Strips
On Amazon.com as AMAZON's CHOICE Product
https://www.amazon.com/True-Point-Generic-Test-Strips/dp/B07GR6SKTS
"True Point Generic Test Strips 50 Count for Use with One Touch Ultra, Ultra 2 and Ultra Mini Meter.
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TruePoint Glucose Test Strips for Use with OneTouch Ultra, Ultra2, UltraMini, and UltraSmart meters.
TruePoint test strips use the same small sample size and offer the same fast results
FDA passed and cleared
Each Box Contains 50 TruePoint Blood Glucose Test Strips"
Manufactured in Taiwan by OK Biotech Co, Ltd.
https://www.okbiotech.com/
OK Biotech has achieved its goal, passing the audit of Retail Certification Program. This audit was based on FDA 21 CFR Part 820 and was conducted by UL USA, which was authorized by Walmart, the largest retailer in USA.
2019/2/25
Where is the $50m accrued debt spent on? Self - serving, IMO because since April 2016, long shareholders are down over 90%. DECN has failed to recruit a qualified BOD. DECN has has blown thru over $50m of accrued debt under his tenure. DECN products are still not on brick and mortar shelves The dumb ashes at DECN realizes pricing concerns for brick and mortar sales.
DECN has lost its ambulance chaser cases. MF Berman and his either alias or legion id full of poop, omo.
POS!
What ever happened to the DECN "perfect partner" and the $100+ million plus licensing deal?
Is this yet another DECN announcement that just fades away?
Why do so many deals with so many different entities seem to just fade away? One common element ....the current CEO .....when will this 2 member DECN BOD .....MF Berman and one other....put the company and shareholders first?
SAD we are at this point....time for less Rhetoric and some Results .....WAKE UP!
Latest PR is, IMO, just more poop being thrown against the wall.
Whatever happened to GenSure, Alltara, the Mexican distributor and so many other announcements that simply fade away? DECN must realize it has a credibility issue and needs to PROVE itself with measureable results!
What happened to our Korean Partner where MF Berman and Mr Lee were put on the BOD? What happened to the money DECN used for equipment in Korea? Are all these products and investments benefitting some other entity?
How about some thoughts of DECN charity to long DECN shareholders ....now almost 4 years in this and sp value down over 90%
More rhetoric....let's see results....sales....profit....shareholder value! Don't forget your DECN Decoder Ring when reading the PR ....lessons in vagueness, non-commital and positioning for plausible defense, IMO.
GLTA
Competitive Info ===> ReliOn Products - Sold on Walmart.com and Available at Stores
ReliOn BGM Link
Made in Korea
--------------
Equate Test Strips for use with certain OneTouch units - This info was on Walmart.com.
Equate Test Strips
The following was listed on Reference.com Link to Info on Reference
Guess Walmart did not have a problem selling non-OneTouch strips at some point?
The Equate brand is the name of Walmart's private-label line of health and personal care products. Equate's over-the-counter healthcare and nutritional products are made by Perrigo Company plc, a leading global healthcare manufacturer and supplier that specializes in the store brand market.
Perrigo manufactures the Equate brand for Walmart exclusively. Just a few of the Equate products available at Walmart are hair care, dental care, eye care, bath and body products, allergy and pain relief, first aid products and vitamins and supplements. Equate brand products are usually priced lower than nationally advertised brands but are considered to be of comparable quality.
When will DECN products be on BIG retail, pharma, pet store, grocer brick and mortar shelves?
What is status of DECN's Private Label Alltara?
Paragon get any deals yet for ACTUAL product placement or sales?
DECN Press Release dated August 7, 2018 – “DECN Makes Its Mark In $1+ Billion Dollar Pet Diabetes & Glucose Testing Market With Two New Products, Petsure! & Petultimate!”
“The company separately has announced that it has entered into distribution agreements with distributors for big box pet stores for its PetSure! product line. Shipping to "big box" is anticipated to commence in October 2018.”
- What BIG BOX was this product line shipped to?
- What % of the $1+ Billion Dollar Pet Diabetes & Glucose Testing Market has DECN captured since 2018?
As a matter of FACT, here are A FEW other Press Release statements from DECN 2017-18, what IF ANYTHING has become reality, i.e. ACTUAL manufacture, orders, sales?
JUDGE FOR YOURSELF!
LOS ANGELES, CA / ACCESSWIRE / August 24, 2017 / Decision Diagnostics Corp. (OTC PINK: DECN), a manufacturer, quality plan administrator, and exclusive worldwide sales, service, and regulatory process agent for GenUltimate!™ glucose test strips, the pre-market ready GenSure!™, to be launched in International markets on September 5, 2017 ……
PR 1/2/18 - 2018 is expected to become a seminal year for DECN. It begins with the marketing of its launched GenSure!™ diabetic test strip, targeted for the patient population across the developing markets. … This intense activity begins January 15, 2018 with the global introduction of the GenSure!™ test strip.
DECN Anticipates Initial International Sales of 165,000 Genchoice! Boxes Per Month as it also Readies Panacea Genprecis! System, and as Hybrid Private Label Plan Reaches Intensity
PR 3/13/18 - Mr. Berman continued, "DECN anticipates the GenChoice! introduction to International markets in June 2018 as a prelude to the eventual U.S. introduction. It is believed that GenChoice! will contribute $100 million in annual revenues per our pro forma financial forecast. As such, GenChoice! will temporarily become DECN's largest tertiary revenue producer and should post margins in excess of the company's successful GenUltimate! test strips, that is until our panacea product GenPrecis!, reaches the same stage of market-readiness in the next several weeks."
What he needs is a prison suit but in today's society cons like him get away with it .....he will burn in Hell, IMO, for his transgressions, IMO. POS!Fraud! Con!
Welcome to DID ===> DECN Illusion Delusion
Has anyone actually waded through the PharmaTech Solutions Product Page to see what DECN products ARE ACTUALLY available for purchase having been manufactured and shipped somewhere by someone? Get your DECN Decoder ring .... Does "available for sale" mean it can be purchased right this moment, shipped or taken home and used tonight? If NOT, is this use of "available for sale" deceptive or a reach at best?
GenChoice! is our newest diabetic product under development, with plans to sell in the domestic and international markets.
GenChoice! Is currently not available for sale.
Available in select International Markets Only
More information coming soon.
GenUltimate® Sure! (GenSure was "internationally launched per a Sept 2017 .... WHERE is it available internationally?)
PharmaTech Solutions, Inc is excited to announce the development of a new product.
Currently available internationally, not for sale in the US. and Puerto Rico
More information coming soon.
GenUltimate!® 4Pets can be found in retail stores and on online marketplaces such as Amazon, Walmart, and Ebay Which retail stores?
GenUltimate® Precis!
PharmaTech Solutions, Inc is excited to announce the development of a new product.
Since our product is an international product it is currently available internationally, but will not be for sale in the US. and Puerto Rico
More information coming soon!
What idiot wrote or approved this phrase, "Since our product is an international product it is currently available internationally," above? Did they graduate grade school?
GenUltimate!® TBG is in development phase and not available for sale or purchase in the US, Puerto Rico, or other US territories.
Is it NOW available ANYWHERE?
Alltara®
PharmaTech Solutions, Inc is excited to announce the development of a new Hybrid Private Label product line developed for a big-box partner that will allow the partner to offer high quality, lower cost alternative products to the standard legacy products. All Alltara® at-home blood glucose testing products are designed to run on existing legacy glucometers.
Our latest diabetic line for domestic and international markets.
In development, not yet available for sale.
More information coming soon!
GenAccord!® & GenAccord!® Rely MX
PharmaTech Solutions, Inc is excited to announce the development of a new product.
Our newest product with the most reliable results! GenAccord!® and GenAccord!® Rely MX is designed to give you peace of mind with our newest technology during your daily life. This product is currently still in development and not available for sale.
More information coming soon!
GenUltimate Premier!®
PharmaTech Solutions, Inc is excited to announce the development of a new product.
The newest addition to our GenUltimate® line of products, GenUltimate Premier!® brings an improved testing experience to our happy customers! This product is currently still in development and not available for sale.
More information coming soon!
Alltara® Zephyr!
PharmaTech Solutions, Inc is excited to announce the development of a new product.
This product is currently still in development and not available for sale.
More information coming soon!
UPON INFORMATION AND BELIEF, I can oonly find GenUltimate and PetSure ACTUALLY available for sale and purchase; HOWEVER, not in retail brick and mortar ...... Seems like this Product page is FULL of PICS and FUTURE (or typical Tomorrow, Tomorrow DECN) info ..... RHETORIC and NO RESULTS!
IMO, this shoud be the DECN tagline, "This product is currently still in development and not available for sale."
Review the Products page of DECN or Pharmatech Solutions .....
How many DECN products are ACTUALLY for sale? Have been manufacured? Delivered to retail locations? It is EASY to post "product" names and pics of packaging, BUT, what about the execution?
What are the "select" international markets OR "retail" locations the pages list?
All DECN Rhetoric and No Results has been updated to All Pictures and Still no results .... the grand delusion of illusion at DECN, IMO, just like shareholder value!
SAD betrayal of public trust by DECN, its BOD and especially, its CEO - Chief Excuse Officer, IMO!
BTW, wasn't certain information/deal "expected" around now announced 60 days ago? Is this another "slow start" DECN event like the Mexican distributor?
How DARE you ask a valid/pertinent question? Do not expect an answer.
Where is GenSure! Gen for pets brick and mortar sales? Mexican sales? License Agreement? Shareholder value? Etc. Etc.
MF Berman, IMO, is an example on how NOT to run a company!
YES, the CEO - Chief Excuse Officer, MF Berman is SOLELY responsible for this mess he has created, IMO ....the CEO and his legions are all POS?...fix it, assholes!?
So is his supposed education and experience ....are you offering any proof the article is not true OR just wishing his bad behavior away? FACTS don't change with time!
A Tiger (pussy cat) does not change its stripes ….
READ the FULL ARTICLE YOURSELF,
https://www.thestreet.com/opinion/stock-touting-behind-motley-fools-dismissal-of-volunteers-30058
On Feb. 3, MFMedTec (Keith Berman now CEO (Chief Excuse Officer of DECN) wrote a five-paragraph, three sub-section posting, defending the acquisition possibilities for Medaphis. He likened himself to Columbo, saying investors needed to spot "motive, opportunity and intent" in order to find the likely buyer of Medaphis. He went on to write winningly about "Good Ole Ross Perot" and the possibilities that
could be the buyer. After running down a list of reasons, MFMedTec wrote: "Motive confirmed. You don't have to be Columbo to see this one."
More importantly, those familiar with the Fool's internal inquiry, conducted by the Washington, D.C., law firm Steptoe & Johnson, say that IM messages -- messages between AOL users -- between MFMedTec and individual posters went farther than the postings and may have been in violation of SEC rules about stock manipulation. The SEC's rule 10(b)-5 forbids dissemination of false information aimed at moving stocks.
According to two people familiar with the situation, the Fool's probe revealed that MFMedTec had been touting the phantom Medaphis acquisition idea as part of a relationship he had developed with a stockbroker who had an interest in Medaphis.
ONCE a LIAR, ALWAYS A LIAR! POS!
Decn is expected to maintain GenUltimate Mars kiosks on Mars shortly with an exclusive distributor called The Martian Chronicles.
.sales are not expected but neither is profit in keeping with Decn Earthly traditions ... Rumor has it that Elon Musk is shopping MF Berman for a takeover although Elon is still uncertain who Berman is .....the Russian Federation deal will go the way of the Mexican, Bolivian and Retail Monster deals.....indigenous Martian sales will be noted on a bar napkin in the coming weeks .... Call the company or eat a Milky Way to channel into Berman Brain Banter!
Nothing much to discuss with this inept company .....60 days from last statement of event due around Jan 12 ......no expectation by DECN just like last claim.. How is alltara going , how is fetch4pets doing with brick and mortar, how is Paragon (Mr Deem?) doing with assigned accounts such as CVS?, Walmart, et all .....lol
Treat if legal action more bs by decn ...maybe counter suit shut tje corn holes up ......losers and kitty kay bullies .....pos!
FDA Export Certificates
From DECN 2019 3Q Report – FIRST paragraph ....
"The company also has its GenUltimate! Sure and GenUltimate! Precis test strips, products for off-shore sales have recently begun Definitive Agreement writing with a large Eastern European distributor for their distribution in the Russian Federation and aligned countries. Both of these products will primarily be sold as an international private label market entry. Export Certificates for GenUltimate! Sure and GenUltimate! Precis have been allowed by the U.S. FDA and sales are set to commence in January 2020. There is no domestic or North American markets for these products."
FDA Website - From Guidelines .... Use of Export Certificates …. Export certificates requests are ONLY for devices that are being physically exported from the U.S
1 - Does DECN have any facility in the US manufacturing GenUltimate! Sure or GenUltimate! Precis that will be exported to the Russian Federation and aligned countries as stated in the DECN 3Q Report?
IF YES,, where is this being done and when did it start? Based on DECN information, ALL manufacturing is being done overseas ..... would not DECN drop ship to distributor in Russian Federation and aligned countries?
IF NO, then how did the FDA "allow" an Export Certificate for these products when its Guidelines specifically state "Export certificates requests are ONLY for devices that are being physically exported from the U.S"?
2 - How is the "Definitive Agreement writing" going? Any REAL ETA of its EXECUTION?
3 - What does "sales are set to commence in January 2020 ACTUALLY mean?
a.) Will product have been manufactured and actually available to be sold to an end user OR will it be like GenSure! international launch in Sept 2017 and has yet to be seen ACTUALLY being sold?
b.) Any sales projections of these two products yet?
c.) Will this distributor be online or place product in brick and mortar big retail or pharma within the Russian Federation and aligned countries?
d. Did Putin approve this deal?
I'm sure Plutonium or Zoran or Dirk will be able to shed some light on this post. No, I am not going to call MF Berman BUT may make a few calls based on the explanations received.
I wrote and posted the below on 12/31/18 - 1 more day to ANOTHER year gone by and what has been completed in 2019 that DECN stated but failed to do in 2018?
Can anyone dispute the FACTS stated below? If yes, show proof and I will submit a correction ….
-------------------------
2018 Seminal Year Close:
1 - GenSure!, internationally launched in Sept 2017, no where to be found for sale; although PR stated, "This intense activity begins January 15, 2018 with the global introduction of the GenSure!™ test strip."
2 - Shareprice down 75% from .08 on 1/2/18 to .02 as of this post (12/31/18). Shareprice down approx 96% since my entry at .53 in May 2016 to .02 as of this post.
3 - Still no big box brick and mortar for US sales.
4 - Not even brick and mortar for PetSure! in big box pet stores; although PR stated, " The company separately has announced that it has entered into distribution agreements with distributors for big box pet stores for its PetSure! product line. Shipping to "big box" is anticipated to commence in October 2018."
5 - Still nothing on private label Alltara; although PR stated, "First deliveries of Alltara!™ ultimate are expected in 2Q 2018."
6 - GenChoice still not for sale; although PR stated, "International sales of GenChoice!™ are expected to begin in March 2018."
Seems like a lot of "announcements" but no execution of sales or profit to "brag" about, IMO.
Can shareholders sustain another such "seminal" year in 2019 as they did in 2018? IMO, NO!
Happy New Year and God Bless Us All ... we'll need it, IMO!
2019 DECN published goal #3 in DECN 2018 Year End Report Discussion:
"3. Continue to implement the plans provided by our agent MWK LLC, and PARAGON Sales and Marketing in efforts to secure big-box pharmacy chains, chain grocers and nationwide retailers in addition to the private label groups previously discussed."
IF we get to the essence of this goal, it states efforts to:
1) Secure big-box pharmacy chains
2) Secure chain grocers
3) Secure nationwide retailers
4) Secure Private Label Groups
Upon innformation and belief, #1, #2, and #4 above have not been announced during 2019 and are assumed to be not completed; therefore, these DECN 2019 goals have NOT BEEN ACHIEVED by DECN.
#3 above is vague. DECN needs to define what it considers "nationwide retailers" as in brick and mortar versus online. DECN has used an online presence before 2019 such as Amazon or Walmart.com so this goal, upon information and belief, has not resulted in any NEW nationwide retailer online in 2019 nor any nationwide brick and mortar retainer in 2019 and, IMO, should be considered as NOT ACHIEVED by DECN.
As of YTD 3Q 2018 versus YTD 3Q 2019, DECN has increased revenue by under $4K and increased weighted outstanding common shareholder dilution by 17 million shares per UNAUDITED DECN Reporting, upon information and belief.
MWK LLC - This company has been listed on many DECN Reports in the past yet no discernable increase in DECN Revenue has been observed as DECN continues to implement the plans of MWK LLC to date.
PARAGON SALES - This company was annnounced in a DECN Press Release in March 2019 and tasked with such goals as CVS, Walmart, and other potential customers as listed in the DECN March 2019 Press Release yet no discernable increase in DECN Revenue has been observed as DECN continues to implement the plans of PARAGON SALES to date.
IMO, DECN 2019 Goal #3 when all the vague rhetoric is removed, has not achieved much during 2019.
Below in Italic are the "goals" DECN published in the 2018 Year End Report for 2019.
Let's discuss if they pertain to any specifics that will be measurable in regards to the increase in sales, profit or shareholder value OR are they the standard vague, rhetoric DECN is known for, IMO. Additionally, let's discuss what has been actually attained in 2019 resulting in increased sales, product on brick and mortar shelves, marketshare, profit, shareholder value, private label, etc.
1. The practice of specializing in the distribution of GenUltimate! and PetSure! and GenUltimate! 4Pets products, and the completion of the GenChoice!, and GenUltimate! TBG products. We also intend to add several brand-name medical diagnostic and medical disposable products, lancets through our Firefly! product, as well as several lines of insulin syringes and pen needles, all associated with the on-going care of diabetes-inflicted patients, and the world-wide distribution of our proprietary diagnostic products.
2. Combining our wholesale and retail diagnostics distribution with the major successes we have had in the on-line retail markets, and adding legacy retail organizations (already some legacy retailers of note). See discussion above concerning private label opportunities and our private label lines.
3. Continue to implement the plans provided by our agent MWK LLC, and PARAGON Sales and Marketing in efforts to secure big-box pharmacy chains, chain grocers and nationwide retailers in addition to the private label groups previously discussed.