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Hi HFM2, and that's using the weakest of all the combinations.
(ie fully diluted, profit margin, Electronics Industry sector)
Lets calculate the Fair Market Value on DECN:
At $6.95 per test kit,right?
Shares out at 04/03/2020 212,500,000 shs
Max Auth shares 494,995,000
https://www.otcmarkets.com/stock/DECN/security
525,000,000 x $6.95= $3,640,000,000
$3.648 BILLION in gross sales.
Lets assume a mere 10% net profit
364,875,000/494,995,000 (lets even assume treasury has been maxed out)
Using the lowest P/E ratio in following table (18.4)
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
($364,875,000/494,995,000) x 18.4 = $13.56 per sh fair value
That's right,HFM2 !
In the music business they call it "Payola".
LOL !
from .10 to $5 sounds nice. We had no business collapsing to .27 from .50 a week and a half ago on that bizarro 16 million share dump.
If the SEC had just let us keep trading we'd probably be at $2 by now anyway but the SEC were (likely) trying to clear the table of all obstacles for their juggernaut pal, Roche.
You know, Roche- with its antibody tester.
Brokerage employees can CERTAINLY short anything held in their inventory at the least.
And Interactive Brokers lets their clients short Pinks.
Keith Berman 6 HOURS AGO:CBS INTERVIEW (LINK)
Really? Wearing a Sports Jersey? You gotta spruce up the pig with lipstick,a wig etc before getting guys to kiss it.
use your quote key (") or we will think that you said/believe that first line.
I EXPECT these MMs to pull all kinds of dirty tricks until we are back on the Pinks.
just so you know: To quote, or reply to a posters post use the "quotation" key (")--- not the EMBOLDEN function. The Embolden function is used to denote Importance, a subject or stance that you feel strongly about.
It's getting harder and harder to read the posts here because I cant tell if the writer is quoting another member or what.
Sorry to "Old Lady" this.....
We were unfairly halted- $37 million dollars of buying came in that day.
DECN was halted in an attempt to give somebody else an advantage, imo.
The picture will be clearer in 2-3 weeks.
reposting this: straight outta James Bond:
"Here’s the play: DECN posts update which flags that they are about 17 days from getting testing results. Big investor or competitor puts in major sell order and their own cronies complain to the SEC to halt trading for 14 days. B***ers put in overtime for two weeks seeding doubt. Trading starts up again 1-2 days before test results are available. Nervous investors sell and big investor picks up 2-3x original share count and maybe goes for hostile takeover before test results are announced."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155397762
Back to Pinks with good news- wont take long til over $1, heading higher.
No wonder a little birdie begged one of the minions at SEC to pull the plug on DECN after the little birdies did that nasty short-sell trick for visual effect.
I see it too! My 6 month target just moved to $51
Leader of the pack!
This one should be STICKIED.
"This is good for Mr. Berman's product".
If the DECN test is legit the Shares are gonna fly now!
Impedance based instead of that nasty ol Antibody stuff!
No mention of "Results Timeframe" for our competitors Wuhan/Covid test.
Is it within 15 seconds ,like DECN's test, or 10-14 days?
https://finance.yahoo.com/news/fda-approves-roche-coronavirus-antibody-163133401.html
Hi Scott, the recently accepted Roche test doesn't give instantaneous results correct?
trades on Greys Friday-little visibility. Waiting for reinstatement on Pinks, probably wont go Pink without FDA opinion.
With positive FDA opinion I think we rocket.
With negative FDA opinion I think we crater.
the "Competition" just went T/u... (link)
http://www.msn.com/en-ca/news/canada/health-canada-bars-made-in-canada-covid-19-test-for-public-use-due-to-unreliable-results/ar-BB13xMEY?li=AAggNb9&ocid=iehp
Good news for DECN, so to speak
Sadly people will be shaken outta their shares in the next few weeks.
Halting DECN cant stop DECN from working at the office thru the Halt period.
Longs are locked in, prospective buyers are locked out.
No problem.
EVEN MORE INTERESTING DECN THOUGHTS FROM SAME PLACE:
Yahoo
Gukaso
"this is my last post until next week as there is no point in talking much about where we are at right now until
the suspension is lifted and we hear more from the company or anyone else...
for everyone going at this company for being a scam... it strikes me that in comparison for to PXY*, which the SEC was following and ended up suspending on March 25th due to it's press releases stemming from February 27th and March 4th, PXY* turned around on March 31st and retracted their whole press release in it's entirety.
Now, PXY* did not turn around and make any response stating that there was no wrong doing and that the SEC investigation made no sense, and that they were going to move forward with their business... they turned around and like I said... retracted all their statements, and today they experienced further actions from the SEC.
Now, what did DECN do Sunday night instead? They "strongly questioned" the 10 day suspension, even after the Mr. Berman had "voluntarily" submitted to over 3 hours of questioning which the SEC didn't even keep their end of the deal which was to have a 3rd interview, and they moved forward with a suspension. What did DECN do besides "strongly questioning" and staying "undaunted"? They plan to press it's negotiations with the FDA for expedited approval of their Covid product/s.
2 points to make here....
1. A CEO that is worried about wrongdoing is not going to question the SEC and it's timing, he is going to retract his statements like PXY* did to try to get the minimum amount of legal problems to him and his company. So Mr. Berman responding the way he did is a pretty bold move in the midst of all of this, and my guess is that he knows there are no issues here after any investigation and this is nothing more than a industry witch hunt. Explaining that you are moving ahead with the FDA pretty much means you are knee deep into the process and you have something to show for. This would have ended right then and there if there was no product, and no business with the FDA. He would definitely not put out a statement like that Sunday night.
2. It tells me that the SEC after two interviews with Mr. Berman, decided to just suspend the trading using the volatile trading that took place as an excuse instead because it created a reason for them to do so and flex their muscles and show that they are suspending companies left and right. After 2 interviews, the SEC was knee deep in and just went for the suspension without any explanation or 3rd interview to do what they were trying to do anyway, which was just find a reason to suspend. (Who knows if there was any pressure from any other large company or influential person.) But to me this now seems like they just did it to complete their investigation and say that they did something, just totally flex their muscles.
So there is no way of knowing anything at this point, but these are my observations upon finding out the news today about PXY* and how they handled things and how they got dealt with. We will ultimately find out I am assuming in the next 2-3 weeks exactly if the SEC had anything from the start or nothing at all. Seeing the way DECN has dealt with it, and having seen how calm and cool Mr. Berman was in person makes me think we are in the clear. Nobody is going to talk about continuing its pursuit with the FDA in the middle of any criminal activities. Like I said, there is no way to prove either side right now, but it will become clear as day in the next 2-3 weeks max. If we continue to get updates on the FDA progress, that just means b***ers are blowing smoke. If we do not hear from the SEC again, that means we are in the clear.
Mind you,PXY* stock was lifted from suspension on April 8th, but it's last trade was Aprl 23, so they actually stopped trading again Friday and yesterday probably because of further SEC action. But remember, PXY* said "sorry we did not mean it" after they got intervened... DECN is saying "sorry for what? there is nothing wrong here, we are moving forward with our business plans".
VERY INTERESTING from another DECN msg board:
from Yahoo
Poster is GUIDO
"Here’s the play: DECN posts update which flags that they are about 17 days from getting testing results. Big investor or competitor puts in major sell order and their own cronies complain to the SEC to halt trading for 14 days. B***ers put in overtime for two weeks seeding doubt. Trading starts up again 1-2 days before test results are available. Nervous investors sell and big investor picks up 2-3x original share count and maybe goes for hostile takeover before test results are announced."
recently updated Yahoo $41 per share
with a glowing FDA announcement,a 2.5 million unit firm commitment and a note of praise from the WH this could really rip once the SUSP gets taken off.
-trade like a new listing during the 1999 IPO craze
So we have a few examples now of good things happening to stocks that were SUSPENDED.
Anyone here remember the saga of Calisio (CRGP) five years ago Almost as good as the DB Cooper heist ...
Ooh Yeah! It would look nice on the CNBC r/t tape DECN $15 3/4 after Pres Trum gives DECN a nod of appreciation.
Traded $37,000,000 in one day before the SUSP.
Imagine $15 3/4 in 2 months !
How's that grab you, Jell?
: (
37 million dollars in volume that day for DECN. I cant remember anything that traded that much on the pinks- can anybody else?
FDA approval= trading in dollars. Looks like pre-orders for the Wuhan/Covid virus are coming in already. 155 million shares outstanding. Not bad at all.
Someone posted 2 days ago on a diff chat board- Yahoo I think.
Ahh, the suspense! one more week..
People wanting on the bus, people wanting off the bus.
Wow !! Somebody also posted a rumor from a dif board last night that a "re seller" company had just placed a pre-order of 1,500,000 test kits- I'm not sure if they were the "clinic" tests or the "at home" tests.
I think it was at yahoo.
A batch of nasal swabs made in China were discovered to be infected with Wuhan/Covid virus two weeks ago- That's the good thing about DECN's test kit- there are no invasive measures,in which the patient could be accidently infected-all that is required is a drop of blood and 15 seconds of time.
6 more days everybody- hang on. !!
The reasons the SEC gave:
1. 525 million test units in the first year.
2. test could give a 15 second answer.
But they didnt notice the 16.5 mill share dump(maybe concerted)driving the s/p from .47 to .21 in 3 seconds flat?? - "No Suh"
I was about 20% thru the PR when the dump hit and I read fairly quickly.
The dump went thru before anyone could have read the PR.
Very odd...
"Shock and Awe" trade of epic proportions.
Agree- cancel all Stop Loss sell orders.
Anybody remember that WH meeting rumor post from yesterday?
trying to find it again.
Thanks!
Rver
so KB excitedly sent an empty cardboard box over to the FDA office and said "Guys!! Guys!!,just wait until you see this work!"....
Did you see that rumor that KB could be headed for the WH to discuss the Wuhan Virus test kit?
If that happens I could see this coming back at $2.
I heard that Calissio was back so I dropped in to wish everybody "Bueno Fortuna" on the next play!
Muchas Gracias, Sr. Adam Carter!