Decision Diagnostics Corp (DECN)

[Leirum]

If you post something against DECN why not posting the reply from DECN (AT THAT TIME INSTACARE CORP) in their filings. Sounds a Little bit different. (Although an old Story, but as you brought it up, here from the old filing in 2009)


This excerpt taken from the ISCR 10-K filed May 18, 2009.



Cragmont Capital, LLC vs. instaCare Corp. et al.




The company was sued on March 27, 2009 in connection with its 2008 transaction with Cragmont Capital, LLC (“Cragmont”). The Cragmont Complaint claims it is entitled to recover the unpaid balance of $75,000 on a Promissory Note allegedly due in February, 2009, plus interest of $2,812.50, and attorneys fees. Cragmont also has made claims of fraudulent misrepresentations in connection with that Note, including personal claims against the Company's directors Keith Berman and Robert Jagunich. A demurrer to the Complaint has been filed as to all misrepresentation claims. The Company terminated its relationship with Cragmont in May 2008 for cause. The Company does not believe that Cragmont Capital lived up to its obligations in connection with the financing transaction, and instead pursued another agenda detrimental to the Company. The Company anticipates that it will shortly be filing a cross-complaint against Cragmont and its principals for damages.