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Johnny,
It is surprising that you are still hanging out here. I always thought you were smarter than to hover after all the Tauriga controversy had seemingly diminished. I don't visit here often myself but I'm certain you must have a more constructive use of your time.
It doesn't matter to me but at this point most here probably conclude that you are embracing a destructive vendetta. Again, it doesn't matter to me but you should be above that.
I don't know whether this penny will eventually succeed but it seems that they have a plan and are working to execute. Can't ask for much more than that from a penny.
The company certainly has faced its challenges but it appears to be continuously moving in a consistent and positive direction; particularly for a pink sheet.
Granted it does not have the trajectory of a stellar stock such as Novation Holdings....wait a second did I just say Novation Holdings... HA HA HA. MY ERROR...THOSE CLOWNS AREN'T DROWNING, THEIR LONG DEAD. NOVATION HOLDINGS...HOLD ON, HOLD ON. I AM LAUGHING SO HARD I'M CHOKING... GIVE ME A SECOND.
WHAT FOOL WOULD BE ASSOCIATED WITH A DOG LIKE NOVATION HOLDING?
Johnny_C
No one is buying any of those arguments. They are just a series of unrelated attacks propelled to see if anything sticks....but none of them do, or likely ever will.
Once again, no one here (or anywhere else) will believe that the PR was a lie. No one will believe that it was tariga that withdrew from the possible merger. No one frankly will believe anything from that scum at tariga.
The lawsuit threat is just that;an internet threat.. and a ridiculously silly one at that. They are threatening to sue DECN et al for following the advice of counsel? Let me ask a simple question; if tariga believes our CEO is lying about that advice, how will they secure that information in deposition or trial? Our CEO first swears to his position and tariga then does what? Deposes his attorneys? Anyone at tariga heard about attorney client privilege? Once DECN counsel states they are unable to any answer those questions due to privilege and confidentiality, what does tariga do next? Exactly...goes home to devise a new plan of attack. However by that time, it will all be over. BK is right around the corner.
Who is Barbara and what does she have to do with anything I posted?
Johnny_C once again, I would recommend that you separate yourself from the tariga scum.
Johnny_C
This is a hoot.
You came to us here from Tariga; correct? I don't believe that I had ever seen your handle prior to our CEO joining the tariga board.
Anyway...So now tariga is going to file a new lawsuit to try and divert attention form the now exploded fallacy surrounding their auditor lawsuit. Once again, a very impressive sleight of hand. These tariga guys are masters at diversionary tactics. Perhaps the tariga shareholders will believe that THIS lawsuit is the path to fame, glory and fortune.
Unfortunately, no one here will be persuaded. It is apparent that the DECN PR announcing the resignation of our CEO on advice of counsel sent shock waves through the already tottering tariga facade. A company with no product, no cash, no earnings and a PPS in the 100th of a penny was being kept afloat by the promise of an enormous legal award. Shareholders were no doubt drooling and prospective investors tempted by the allure of quick cash.
OOOPS... The carefully constructed illusion instantly dissolved with the announcement that our CEO (who you have stated is brilliant at picking attorneys) resigned because his attorneys informed him that the lawsuit was a DOG.
The tariga folks panicking and desperate began attacking our CEO hoping that by his destruction they could salvage and resurrect their destroyed deception. All of those attacks were launched against DECN without regard for the company or its shareholders. A very nice little collection of slime.
When that tactic failed, a new one was devised; replace the old and now tarnished lawsuit with a new one. This time we will sue the company that told the truth about the old lawsuit. Maybe our shareholders will believe this fable...why not; they were fool enough to believe the last one.
Once again a very impressive three card monty maneuver. However, there are so many problems with filing this lawsuit and successfully prosecuting it, I cannot possibly begin to recount them all. Suffice it to say that since Tariga doesn't have a dime, it is unlikely that will even be able to find a scummy lawyer to take yet another DOG lawsuit on contingency.
Johnny you don't seem like a bad guy> I don't understand why you hang around with that scum
Johnny_C
That would be a fact. Except for he canceled the merger. Seth told him no deal
Absolutely no one (and let me emphasize the NO ONE) believes that to be an even remote possibility. What exactly is the likelihood of a company with no product, no revenue and no prospects rejecting the possibility of a merger with a company that had just won a landmark legal victory against a legendary and monstrous healthcare company? Right...exactly...zero. Would not happen and, once again no one here believes that it did happen.
You are dreaming, J&J has been doing just fine. They have had about 2 billion dollars in sales for all these years. How much has DECN had. During this time Equate has been selling. How much has DECN sold?
By the way, if J&J had to pay DECN 10 million or 30 million dollars who was decimated. The nearly 2 billion dollars in sales J&J did for the last 5 years have been 90% pure cash flow to them.
This response is simply a sleight of hand, a diversionary tactic, to focus attention from the central issue. There is nothing in my statement that suggests J&J to be tottering on the precipice of financial ruin due to the the devastating loss they suffered in the courts to their tiny nemesis DECN. I clearly stated however that it would strain credulity for anyone to contemplate that after the overwhelming legal victory, the company would consider, as you allege, committing multiple acts of criminality and fraud to merge with a ridiculously insignificant company like tariga.
What myth. Taug has a slam dunk malpractice case. And this Destitute company is doing the right thing and getting audited financials done. Where did Tauriga ever put out a press release stating they were getting hundreds of millions? In excess of $3 million in liquidated damages is what I read from the press release, in addition to an amended complaint with more charges.
Included in one of your many many posts to this Board since our CEO decided to alert the nation to the scam seemingly being orchestrated by the tariga management, you stated that the only thing that our CEO does well is hire great attorneys. He did that with the J&J litigation attorneys and he did it once again with selection of the attorneys that were hired to evaluate the Tariga lawsuit prospects. Those "great" attorneys (your words) evaluated the lawsuit and labeled it a DOG. Although I am not an attorney and know nothing of the subject lawsuit, I strongly suspect, like everyone here no doubt suspects, that the lawsuit will wither and die...and most likely pretty quickly.
There would be over 100 billion shares O/S in DECN if this management team and Berman hadn't wiped out previous shareholders. Where does the credibility show in the market cap of DECN. Where are other Pharmas waiting to buy this great opportunity. If DECN was going to penetrate J&J market share so much why do they now state the end game is other products besides J&J. If you are J&J, or any other Pharma that also has generic units, if a competitor was going to steal enough of your market share wouldn't you just match the price? If you have not been paying attention, J&J has been busy acquiring many device companies lately. So they could still show significant sales 3 years from now and still have a robust revenue stream from medical devises.
And, how much was DECN paid by J&J. Didn't previous press releases by Berman state that the previous lawsuit was going to recoup lost sales and punitive damages. So how much did they get? 10 mil, 20 mil, 30 mil. Where is the money, how much will be left after taxes and legal fees.
Another excellent example of a three card monty diversion. I clearly stated that our CEO had earned his credibility by telling us he was going to beat J&J like a drum and then doing it. As a result, our shareholders and everyone reading the boards would assign him enormous respect and support, particularly when compared to the slimy tariga CEO who was affecting a litigation scam on his shareholders. You simply tossed out a litany of inconsequential words to try and change the subject. Once again, an admirable tactic but not effective.
Fraud is a strong word
Agreed and one that is apparently highly appropriate in this context.
I am not suggesting Johnny that you are a fraud. I think that you have been sincerely duped by a scam of a company and their litigation DOG.
Johnny_C
These stories are getting progressively more wild.
Now you are suggesting that our CEO was so desperate for a merger with tariga that he lied and pressured their CEO to bring the seal to conclusion.... but the Tariga CEO was so shrewd that HE cancelled the merger. WOW!
You are saying in effect that the company that had just finished annihilating J&J, the company with a $345 BILLION market cap, in one of the highest courts in our country, committed multiple criminal acts to complete a merger with a trading shell that had no business. It is virtually impossible for anyone with any knowledge of business or business negotiations to believe any part of that argument.
Our CEO made it clear in his PR why he was interested in the merger with the empty vessel amusingly referred to as a business. In fact, as I recall, he confessed to simply using the transaction as an opportunity to circumvent the filing difficulties erected by a criminal auditing firm. The transaction did not proceed because the company attorneys identified the only basis for tariga's continuity as a legal DOG.
It is my opinion after reading the company financials that tariga was using the myth of an imminent legal award in the hundreds of millions to attract investors and hold shareholders. The fury and rage exhibited by Tariga shareholders is not related to anything of substance but simply because the PR exploded the fraud constructed by tariga to continue soliciting funds from unsuspecting investors and funders. They are irate and indignant at being exposed and are launching a coordinated attack in an attempt to cloud reality and shift responsibility. It actually is not a bad tactic to employ since they have absolutely nothing else. Unfortunately, since no one believes the allegations, desperation is causing the attackers to become more wild and outlandish.
As previously mentioned, the shareholders of DECN will afford credibility and support to the CEO who led the battle and won the war against J&J and not to some slimy CEO who has been trying to perpetuate a fraud on investors and shareholders by inflating the value of a shaky lawsuit.
Ok Johnny let's take it one at a time:
No I did not. It was TAUG that told Berman to take a hike and their is no shortage of good companies that can benefit from a merge.
I don't even remotely believe that. The PR clearly states that the CEO resigned from the board for the reason specified. If it had been the reverse tariga would have issued an 8k or publicly announced it.
Keep in mind that a SR Director with a 5 billion annual budget is vetting companies. He also has the ability to grant companies huge contracts. So there is no worries there.
No idea what you are saying here.
I like long term - as in between 12-36 months. But speaking of big pharma, if the numbers were as rosey as Berman projected wouldn't you think a pharma would be looking at DECN
Firstly, at this point my conclusion would be that the company is still in full recovery mode from 4+ years of vicious litigation. The smart play would be to refuse to discuss an acquisition until back on their feet.
No lawyers evaluated the lawsuit. There was no contact with TAUG CEO, the attorney, or information of settlement amounts given to any outside attorney.
You have no idea if that is true. Pure speculation. I would absolutely believe our CEO over the tariga CEO. Our CEO just crushed J&J. I read the Tariga financials out of curiosity. There is nothing there and it appears that applies to the tariga CEO also.
Soon enough Berman will have to reveal the source "this purported attorney" as he interjected himself in the case.
He probably is anxious to do so but there is not going to be a lawsuit as we both know. Tariga doesn't have enough money for a mocha latte at Starbucks much less a litigation attorney. No attorney would take that case and certainly not a contingency attorney...they need to make their money from winning cases.
Berman lied in the press release about many things. Do you really think he ceased communications after that press release. Text messages prove otherwise.
1) I don't believe he lied about anything in that PR, and 2) I don't care whether or when he stopped texting. it is of no interest or consequence.
here is no myth. Some may be justified in being pissed at Berman for that inaccurate press release since he purportedly made these upsurd observations while he was on the TAUG Board. AS DECN shareholders will ultimately pay a price for that. If you care about DECN you should care about corporate governance and wonder why Berman is so reckless and subjecting DECN to a lawsuit by TAUG, shareholder class action lawsuits, SEC investigations and criminal investigations.
Silly... he stated in the PR that he was resigning from the BOD because his lawyers told him the tariga litigation was a dog. Everything in that paragraph is speculation and hyperbole. Tariga seems to be anxious to file a new lawsuit now that the world knows its other one is a dog. I think that corporate governance at DECN is pretty impressive. They just won a major lawsuit against the most feared healthcare company in the US. One that no one, and I mean no one, thought they could win (including me). It seems that corporate governance at DECN is remarkable for a tiny pink sheet. On the other hand after reading the Tariga filings it appears that they are incompetent and quite possibly perpetuating a scam. They are a public company with absolutely no business.
Additionally, threats of SEC investigations and shareholder lawsuits accompany every post by every disgruntled investor on every message board I have ever perused. I have been hearing the same silly threats since I started reading corporate message boards nearly 20 years ago...much ado about nothing.
JohnnyC, when reading the tariga filings I was astounded that they have no business. It was clear that all they have is their lawsuit. It is my opinion that those at Tariga are upset because the DECN PR exploded the only part of tariga that they were selling to investors and funders. As mentioned, I choose to believe the guy that fulfilled his commitment and lived up to his word to fight J&J to the end and to crush them in a court of law. Now I also choose to believe him when he commits to crushing them again in the marketplace. He earned his credibility. I choose not to believe anyone associated with a company that appears to be running a scam based on a dog of a lawsuit.
I, like most of the investors here, will ignore any and all unfounded, unsubstantiated and vindictive attacks from anyone with questionable motives. I am not suggesting that you or any other poster here falls into that category.
Alydr
Why is everyone dumping DECN? Let me see... the stock pps dropped a bit on less than average daily trading. Do you think your language may be a bit exaggerated?
Fortunately, it will be back up tomorrow. Particularly now that you are a proponent of patience and optimism. Good to have you with us!
Alydr
Excellent post...a reminder to all of us here that the company goal now that J&J has been eviscerated is "DECN product development, upgrading the website, becoming SEC compliant with financial filings, and improving the exchange on which DECN currently trades."
Glad to see you are fully on board with the majority of us here concentrating on the future and excited about our prospects. I am certain we can count you amongst those counseling patience because good things are shortly within our grasp.
loanranger
Excellent question...and it should be answered but I still await the provision of your documentation to support your contention during the week that the CEO was negligent, deceitful, criminal or some other unsavory action for not notifying the shareholders that he had accepted an invitation to join another Board. You clearly stated that he had an ethical obligation to do so and failure to comply was devious and evidence of some nefarious or criminal act or conspiracy.
When I told you that you were incorrect, you danced around the matter with some reference to transparency for work related hours or possible acquisition or something equally as unlikely.
Since that exchange, I spoke to several others in similar positions as I (head of company's who sit on other company boards) and all thought the idea of announcing their membership on other BODs to be nonsense. Just to be sure I asked an SEC attorney who also thought it to be silly. He said that it was incumbent on the company to announce the addition (or deletion) of a new director but wholly unnecessary for the Director to make any public statement.
This is an important company matter. You have made accusations and it would be beneficial to be able to review your documentation. If the CEO has done what you accuse, then the shareholders should know. It would beneficial for me to know also. However, if there is not any supporting documentation, then I think that the shareholders and the readers of this message board know that also.
I anxiously await links to the data that supports your statements.
ksuave
Glad to see that you joined those here counseling patience. After 4 years of what must have been debilitating litigation, the company is just now getting back to its feet. Crushing and humiliating J&J was just the beginning. Now they will reap the benefits of that victory by competing in the marketplace, free of the J&J albatross.
Happy that you see this the same way.
I have wondered why there has been such an obvious assault on the company and its CEO over the last few weeks. It did not make much sense why there would be so many attacks from new directions against a company that had just pulled off one of the greatest victories in the history of corporate litigation. Those attacks along with detailed investigations from supposed shareholders while coupled with threats of litigation, Officer and Director termination, criminal prosecution, fraud and on and on and on...
I must be a little slow but it finally struck me... all these attacks are being driven by that staggering legal victory. The allure of a possible large cash settlement has attracted all the ambulance chasers, flippers and extortionists like maggots to rotting meat. They all are doing whatever possible to tear a piece of flesh from the company midsection...and if there attacks result in a carcass, it is of no concern to them.
I am not speaking of our posters here. The influx of new attackers, plotters and planners here are driven, of course, by a loftier and more ascetic motive.
However, all those others outside of this message board are simply bottom feeder scum, trying to steal from all the legitimate shareholders that post here.
Alydr,
Is Beckstead still a partner at Bradford? Was he a partner when their legal problems arose? Do you know if Beckstead is the Nevada agent for the company?
Wow!
Look this is supposed to be about the company. You know, the little company that has spent years defending itself from one of the largest healthcare companies on the planet... and won incidentally. Now having exhausted itself and probably its resources begins the process of rebuilding from the ruins of 4 years of litigation. They will be building that new company using the rights that they just won from beating the h*** out of J&J.
I have been reluctantly drawn into these discussions because they have deviated to any topic other than what is important; Can this company construct a business that will justify our investment.
Your allegations, as you know, are without any foundation or corroborating support. Everyone here knows it. I would suggest that you just move on to issues of substance.
Actually you were implying that he committed some malfeasance by not issuing a communication to the shareholders about accepting a BOD seat with another company.... as everyone here knows or should that is simply untrue.
If that assertion held any validity many CEOs would be in major trouble. It is common practice for CEOs to sit on other Boards and acceptance of such rarely is accompanied by any announcement...if ever. I know this to be fact because I sit on a number of Boards without any public disclosure. It is my discretion.
Either you did not know that or you were trying to cast an aspersion that was unfounded.
You suggest that I should not hold my breath waiting for your apology. I will not but it is not me to whom you owe the apology.
Wait... hold on a second...
Are you suggesting that it is incumbent on the CEO to notify the shareholders when accepting an invitation to sit on the BOD of another company?
Please refer me to the sec regulation that stipulates that requirement. I will be anxious to read it.
... or direct me to any legitimate source who suggests that failure to do so would be considered immoral, unethical, fraudulent or conspiratorial? Again, I will be highly anxious to read it.
Thank you in advance. I am always seeking to expand my knowledge.
Johnny C
Whoa easy boy. You are firing in every direction. I can't even tell what your accusing and who (although I suspect it is the CEO).
As you point out at the end of your post, KB hires good lawyers. I guess that you would then agree that the skill probably extends to those lawyers he hired to assess the value of the tariga lawsuit.
Our CEO clearly stated in the PR that he withdrew from the proposed merger/acquisition (or whatever) because his lawyers told him it was a loser. Since you agree he picks great lawyers, I guess you agree with their assessment?
If that litigation is in fact is a dog (as the great lawyers predict), I am certainly glad that the company has a CEO smart enough to dump them.
Given what he said in the PR that he was trying to achieve through that tariga relationship, I hope he continues to try and finds a winner this time.
I am amused.
Anyone reading of this board for last several months would think that there were several overriding topics of concern here.
1) The CEO refused to communicate about what was going on and complaints about transparency,
2) An obsession with the reasons for the CEO joining the Tariga BOD,
3) The company's failure to move to a different trading exchange as promised, and
4) Overt criticism of the absence of audited financials.
The company issues a PR that responds to each and every one of those concerns and criticisms. Sooooo what is the response here.... yep.
I keep saying that it is in all of our best interests to let the company get back on its feet. Relentlessly attacking may help us to feel good but it hurts our investment. IMHO!
Personally I would hope that the company continues to share communications such as this. It has helped me to understand some of what has brought us to this point.
Johnny C
I don't know what is going on with revenues...nor do I know much of anything else. Hopefully we all will be edified shortly. I would think that any rational investor would want to give management the time to fulfill their promises.
Relentless attacks really do nothing for the company or our investment.
Viking- that was not intentionally directed towards you. It was inadvertently posted as a reply...should have been a new post.
I certainly understand being furious about losing money on a stock. However this is a seismic event (IMHO). They beat J&J! This opens the door to selling Genstrip et al (which is how this all began) anywhere they want and to whomever they want without the interference of J&J. They had the patent office remove the patent on J&Js 105 patent. Incredible.
Anyway, you can moan all you want but I think you should all gain some rational perspective on what just occurred.
I guess I don't understand. Isn't this the miniature company that successfully fought J&J to a standstill? Didn't they just win a series of legal battles and come out a winner? Isn't there a settlement on the table?
I don't post here often but scan the posts on occasion. Why is there so much criticism? It seems to me that shareholders should be astounded. This tiny penny just beat J&J. A victory on the level of the "miracle on Ice: when a group of college kids beat the unbeatable and powerful Soviet hockey team. What am I missing?
Is this board still active?
Several years ago I attempted to post on this site the reality of the fraud that was being perpetrated by management on the loyal and ,in many cases blindly loyal, shareholders of the company.
My posts were consistently deleted regardless of the documentation that was provided. I finally received an email from the moderator threatening expulsion because I was posting accusations without proof. My response was that I, in fact, had the proof. I was told that it didn't matter and I would be expelled.
I gave up and moved on. Every few months I check back to gauge the landscape.
Nothing has changed except the handles of the posters. This company doesn't exist to sell product. Its only business is to print stock certificates and to keep Andy and his family working and making money.
You shareholders are funding his and his family's rather pleaseant life.
Big Trader...how can I say this gently and kindly...oh yea...you're wrong. You're not slightly wrong, but totally and completely wrong.
Supposedly (and I emphasize supposedly because we have seen nothing to actually support any of their contentions) they have filed 510K apps to receive an expanded Indication of Use for their ActiPatch product. Seemingly that filing (difficult to determine given the inconsistent and sometimes contradictory PRs) was to secure the identical Indication as Ivivi had received in January/09 (general pain and edema) as a Class III. That or those were apparently denied (not surprisingly given the data they supposedly submitted in support). It is at that time that the FDA had hysterically broken with its historic policies and procedures and told Whelan to file a PMA because it would protect his Patents (this may be the single most outrageous statement to ever come from this company...and that is saying a LOT).
They ALSO filed (again supposedly) an application to reduce the Class for ActiPatch from a III to a II. To my knowledge, we have no idea where this supposedly stands.
They have along the way mentioned various intentions and actual filings for Allay and possible other products.
The moderator here is a guy called Nomo (something or other). He was here legitimately and had invested on Whelan's promises. He has lengthy history in Bio/pharma or something and one of the few here who has any concept of FDA procedure.
Nomo gave up on the absurdities of this repeated company's lies, distortions and absurdities related to it's supposed FDA filings.
He announced awhile ago that he had sold and moved on.
So where am I incorrect?
Nomo,
My congratulations for correctly evaluating what has now become apparent, cutting losses, moving on and make the difficult announcement.
Hey Nomo,
Are you beginning to believe me now?
I have been told that the Motion to Overturn was denied over a month ago.
The award was upheld and affirmed.
Fidz- I was actually asking you what in fact constituted the lie?
Fidz -What was a blatant lie?
Ok fidz...I guess you're right.
Nomo,
I believe you are probably among a small number of folks on this board who are actually playing above the table.
You and those others are going to be tremendously screwed shortly. I have been telling you the exact same things for a veeeeeerrrrrry long time now. There is a reason I am doing so. I know exactly what I am talking about and I know a great deal more than what I have communicated here.
You had, and still have, no idea the level of dishonesty that you are dealing with or the intensity of the hatred that he has for you legitimate investors.
Having said all that...it's a pk stock and you really can't expect much else.
fidz...and you know these things how?
Because they told you in a PR... My point exactly.
They have been lying over and over and over etc.You keep lapping it up and asking for more.
The new dilution is because management is paying themselves off. What do you think that means?
I can't believe that you and this board still believe the FDA nonsense. As I asked Nomo at what point do you accept the fact that the last year has been a complete and total fraud?
Your very good friend
Izzy
Hey there Nomo...it's me..your old buddy Izzy.
Soooo how goes everything at Biel?
Is everybody rich?
At what point do you acknowledge that everything I told you on this board was true? When do you admit (at least to yourselves) that the guy running this mess is a crook and this whole corporate charade is a fraud?...Soon?
Just askin...
hotdog
That is just not true in relation to the FDA. They do not post requests for additional info etc. for 51K apps.
Aaaaand this company has never behaved like a public company. Since they are non-reporting they consistently disregard every SEC reg...When was the last annual stockholder meeting for example?
louieforpar
FDA rarely rejects a device 510k application. It asks additional questions, asks for clinical trials, expanded clinical trials or suggests a PMA application.
This is what is going on right now. The FDA is nonverbally stating that it will not grant the reduction in Class, nor the expanded indication for use. They either feel that the information provided is inadequate or tainted.
These supposed meeting have NOT been requested by the FDA. They are granted by the FDA at the company's request because the company believes that the FDA has made an incorrect ruling on their application.
This entire process has been a fraud by management.
Bones
No harm, no foul.
My target is the way management has destroyed a good product with great prospects, not you.
Wow...I guess that totally encapsulates the entire filing, review and clearance process.
Very impressive...Since someone of such depth and breath of thought suggests that I sell, I guess I have no alternative.
Additionally, I probably should never post again. You have answered all questions with that simple, yet poorly phrased post.
Ok Nomo... so you're not yet concerned.
What has happened over the last six months with biel management's supposed filings, how they have been announced and subsequently handled that has given you the confidence that FDA clearance for either a class reduction to a II, or new and expanded indications of use are ,either, real or imminently forthcoming?
Nomo-
"Theses approvals will come"
Why? As I have stated on here repeatedly, that a filing does not equate to market clearance (or approval as you call it).
There are many shaky companies that use a filing (which has little or no chance) as a mechanism for pumping the price.
I have also said that real companies rarely announce a filing. They announce FDA market clearance. Hasn't the last 6 months alerted you to the real character of this management?