Decision Diagnostics Corp (DECN)

[Leirum]

The weakness in the stockprice must make many People wondering what is going on.

Well, actually very simple and the process started already September 2014.

Swiss Banks in the fall of 2014 send out letters to their Clients, that as of the end of 2014 they do not wish to Keep US OTC stocks in their Portfolios any longer nor stocks trading below $ 1.50 unless those Shares were listed on NYSE, AMEX or Nasdaq.

Besides this, they informed their clients, that they cannot buy such Shares either in the future through their bank account.

As a matter of fact,it is a isolated boycott not understood by many but as a matter of fact it has to do with the struggle the Swiss-Banks have had (and some still have) with the Tax-Authorities in the USA which escalated after 2010.


The choices given were: Selling such Shares until 31.12.2014 or moving those Shares to a foreign bank or Broker who will not have those restrictions. As a matter of fact it meant: Sell out, or find a Broker or do it outside of Switzerland. Well then, the biggies would not have a Problem doing it through Dubai, London or USA (in case one has an account there) but the small retailers of course got hit.

Based on this, People of course had no other choice than to sell going into end of the year or if they would not do it, the Shares would be booked out worthless after 31.12.2014

This Kind of selling pressure can be seen by various other companies belonging to the OTC Club. As some waited in the hope that better Prices are ahead, they are now confronted with selling into the last days. But I would say, this selling Party should be over by now, as the last trading day is Wednesday and I cannot see People waiting for the last day.


http://tt.bernerzeitung.ch/wirtschaft/Zwielichtige-USAktien-in-Schweizer-Depots/story/11162581

http://www.tagesanzeiger.ch/wirtschaft/Zwielichtige-USAktien-in-Schweizer-Depots/story/11162581