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4/14/16: "The four year agreement with Retail Monster charges them with executing and managing DECN's existing massive retail contract; completing negotiations and finalizing agreements in varied degrees of completion; introducing the company's "Gen" family of diabetic test strips to unexplored retail venues, and pursuing opportunities in new retail markets.
Mr. Berman continued, "Retail Monster is the ideal agent at the optimum moment to embrace our Gen products and advance them throughout the retail environment. Their management and staff are deeply experienced in the retail market with impressive success moving brands from obscurity to presence, growth and rapid expansion. They know the business intimately; they have personal relationships throughout the organizational chains of the primary US retailers and boast extraordinary sales results with each of their clients. It is certainly a testimony to the appeal of our products that we have been able to conclude this agreement. Retail Monster management stipulates the rigid condition that they fully believe in the future success of any product that they adopt. We feel the same way about the agents that we engage."
Friend-appears this CEO so inured to lying and deceiving that he's very thick skinned in his approach to shareholders. I agree, shareholders are increasingly less receptive to the pump cycles, only new shareholders can be drawn into the fold. I have never witnessed such sophisticated deception.
I gotta hand it to Berman-he's masterfully creative by concocting another pump scheme that can be milked for months. Have we all forgotten-if anyone was to acquire this so-called company-it would be Johnson and Johnson-especially in light of losing the Nevada case.
What again did management expect to take place by the close of Q2? Forgotten prospects displaced by always-in-the-future possibilities.
pumper-let's not go near those who bought at the height of last April's phantom 'great things are about to happen' releases. Some here remain Neptunian in their cost basis.
"Less than 30 days until J&J learns their fate." Were this in sight, Berman would be characteristically pointing to another resounding drubbing of JnJ. As previously witnessed-his releases are fake canaries in the cave.
There's a history and pattern of the ever-dangling thread that shareholders can spool in the hopes of finding success. If the admonishment of "reach exceeding grasp" ever applied-it's here at Decn.
Z-you declaratively stated that we were going back to .10. Evidently not the case.
"... less than 20 shareholder to own more than 100,000 shares ..." Complete and utter BS, in line with the preponderance of Berman's overwrought crapola. There are twenty guys on this thread alone with 6-figure positions, some who previously and proudly reported so on this thread. I trust a propensity to exaggerate is not contagious and remains in the province of this most honorable CEO.
Not to worry zal, squirmin' Berman is likely concocting a follow-on to keep this balloon afloat.
That would be pretty much like Genultimate annual sales of 1.1 million vis a vis the (fill in the blank) million Berman so confidently led shareholders to believe would transact?
The more critical point being the presumption that the product will be approved for sale, international or otherwise. Counting unhatched chickens: another DECN hallmark.
" It is no coincidence that the company announces (sort of) GenPrecis, and less than 60 days later something happens." Sort of? Key operative words with DECN. So much promise that 'sort of' materializes. But's its ever tantalizing pluto-thank you for keeping our anticipation sort of alive.
scoop-how would you advise tenured old investors whose cost basis is 15-20 times current pps?
There is an (fake) offer on the table to create distraction from tha fact. One out of two ain't bad Z.
LOL ranger. Someone suspects you're 'Muellering'. Weird scenes inside the gold mine. (If only).
A risky statement, made without knowing what Lyons did at DECN, his relationship with Berman and the reason for his departure. The ball was grounded foul.
Confirms the slopyness by which Berman performs, Exhibit A-L:Qs that don't add.
The intent is very evident to anyone with any first-hand experience with fake PRs intended to artificially stimulate interest.
"... today announces a revised confidential acquisition offer from a well-financed venture funded company. The revised offer was significantly higher than its shortened prior offer." Unadulterated verbal titillation, bar none. Berman inspires curiosity with intent, but hey-I can't tell you right now. Just hold on, trust me-it's big, you'll see. DECN hallmarks.
ksv-recall loanranger put a number to the CA settlement, I too am of the opinion were it a nice number-Berman would have headlined it. He can't help himself, the number IMO was an embarrassment to the embellishment. So from 150K (CA) to 400+ million-the mother load. Yea right.
It's a sad state of affairs that some once-loyal shareholders have independently come to this conclusion. The mother of the'fool me once...' syndrome. Follow through/delivery is not a DECN hallmark, this is inarguable.
"Let the other suitors scramble... " Zeynoc-there are no suitors. Law suitors perhaps. Spoken with zealous confidence that this is going to a dime, I think its reverting to 5.
Berman has never learned this BS hype tactic never works in the long term, but hand it to him-he keeps trying. He must pray shareholders never learn either.
"This company will be sold. Sorry." No one would remotely consider a takeover of this company until the outcome of the Nevada litigation is known. This is the premise of calling Berman's latest BS. Simply more wolf calling.
Berman is as accomplished a plate spinner as Erich Brenn. He has begun the 2017 version of the act. This time, I hope the neophyte investors in Decn will prop the 'established' holders long enough to reduce their losses and/or be made whole. The plates should start collapsing by Q3 this go round.
Appreciate the analysis-and the suggested results CAD.
stocko-more likely 20-30 cents.
Colbert quality comedy loaner. Old school-they would have faxed the offer. More incredible 'news' from the boiler room.
Laughable! Generous premiums to current stock price. Spoken as if talking dollars when it's pennies. The Decn way.
Friend-to the contrary, I hold little to no hope Decn can "earn its way to legitimacy', which-as many have stated-reduced it to a litigation play. If CA is any indication-it will be a pittance relative to what we might have once believed. I put stock in loaner's speculative sum of 450k. Berman's bluster has run its course. It has abated, even had it not-no one evidently believes him. After ALL the BS-we are reduced to a five-cent wonder. A far cry from "rewarded shareholders and a JnJ begging for forgiveness."
pluto-was it not you who suggested the Nevada courts move with resolve at a much faster pace than here in CA? That's all we got, and it's not much to hang a hat on. Otherwise, volume speaks volumes. Interest has withered on the barren vines.
I'd have to agree z. Berman can't save us from his own 'domestic' disaster DECN, why divert his incapacity to an unrelated pursuit.
Pleased we agree loaner ;-0
Revised intro page. Yes, that Berman has a real eye. Note how the packaging is placed on the ground in such incongruous settings. What's the message he's trying to convey? Baffling.
Deja vu Cakes. We've been there done that. One, two or three too many Berman sermons., LOL.
Glad you caught my drift loaner, it's immaterial who wrote it, it's material how revealing.
loaner- a rare case indeed of you being late to the scene. The quote IMHO is from 'her' to many of us. If from 'him'- an instance of-'the source and the surrogate are readily interchangeable.'
"Let's see, they beat J&J and are well on their way to beating them again."
A very hollow legal victory there pluto. 'Beat' has been little more than ego balm to Berman, it does not appear JnJ is 'begging for forgiveness.'
"They are launching new products and have a fourth product that has market-changing appeal." Where are any recent hyperbolic proclamations that in like fashion should have DECN trading back in the .60s.
"and of course management is to blame for everything....The BOD is corrupt.
Your words, not mine-and I certainly won't disagree.
We know it Cakes. Quintessential Bermanese bluster.