Decision Diagnostics Corp (DECN)

[Leirum]

One should not post old filings to Support something, which is totally wrong. The authorized is 500 Mio and not 1.750.000.000 which I will prove step by step.


This authorized figure was accurate as of September 30.2011 but then changed due to a RS

Capital Change=shs decreased by 1 for 14 split. Pay date=12/01/2011

One only has to read then the10Q as of 31.March 2012 to get the corrected O/S

Common stock, $0.001 par value, 494,950,000 shares authorized,
10,155,526 and 9,307,934 shares issued and outstanding
as of March 31, 2012 and December 31, 2011, respectively
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8620358

And further:

NOTE 5 – STOCKHOLDER’S EQUITY
We are authorized to issue up to 494,995,000 shares of $0.001 par value common stock and 5,000,000 shares of various classes of
$0.001 par value preferred stock. In March of 2011, we amended our preferred stock designations as follows: 1) withdrawal of Series
“A” designation on 750,000 shares of preferred stock, 2) withdrawal of Series “C” designation on 1,000,000 shares of preferred stock,
3) Designation of Series “B” on 2,500 shares of preferred stock and Series “C” on 10,000 shares of preferred stock, and 4) increased
the number of preferred shares designated as Series “E” from 1,000,000 to 1,250,000. All presentation of preferred stock contained
herein has been retroactively presented to reflect the 2011 amendments.
Series “B” convertible preferred stock
We have designated 2,500 shares of our $0.001 preferred stock as Series “B”. Holders of series “B”: convertible stock shall not have
the right to vote on matters that come before the shareholders. Series “B” convertible preferred stock may be converted, the number of
shares into which one share of Series “B” Preferred Stock shall be convertible into common stock shares shall be 50. Series “B”
convertible stock shall rank senior to common stock in the event of liquidation. Holders’ of Series “B” convertible stock shall not be
entitled to a mandatory monthly dividend. Series “E” convertible stock shall have a redemptions price equal to 101% of the purchase
price per share, subject to adjustments resulting from stock splits, recapitalization, or share combination.
Series “C” convertible preferred stock
We have designated 10,000 shares of our $0.001 preferred stock as 2011 Series “C”. Each share of 2011 Series C Preferred stock is
valued at $10,000. Holders of series “C”: convertible stock shall not have the right to vote on matters that come before the
shareholders. 2011 Series “C” convertible preferred stock may be converted after 36 months, but not before, the number of shares into
which one share of 2011 Series “C” Preferred Stock shall be convertible on a pro-rata basis into common stock shares, each share of
common stock valued at $.50. 2011 Series “C” convertible stock shall rank junior to all other classes of Preferred stock in the event of
liquidation. Holders’ of 2011 Series “C” convertible stock shall not be entitled to a mandatory monthly dividend.
Series E convertible preferred stock
We have designated 1,250,000 shares of our $0.001 preferred stock as Series “E”. Holders of series “E”: convertible stock shall not
have the right to vote on matters that come before the shareholders. Series “E” convertible preferred stock may be converted, the
number of shares into which one share of Series “E” Preferred Stock shall be convertible into common stock shares shall be 14. Series
“E” convertible stock shall rank senior to common stock in the event of liquidation. Holders’ of Series “E” convertible stock shall not
be entitled to a mandatory monthly dividend. Series “E” convertible stock shall have a redemptions price equal to 101% of the
purchase price per share, subject to adjustments resulting from stock splits, recapitalization, or share combination.
Preferred E Issuances
During the three-month period ended March 31, 2012, we authorized the release of 124,700 shares of our preferred Series “E’ stock to
Alpha Credit Resources for accrued interest totalling $80,483.
During the three-month period ended March 31, 2012, Alpha Credit Resources elected to convert 21,000 shares of their preferred
series “E” into 294,000 shares of common stock.

CONCLUSION: DECN CANNOT GO ABOVE 500 MIO SHS AS STIPULATED UNDER STOCKHOLDERS EQUITY.
FORMULA: 494,995.000 SHARES FROM THE COMMON STOCK AND 5.000.000 FROM THE VARIOUS CLASSES OF THE PREFERRED.
GIVES A TOTAL OF 499.995.000.

And another advise: The so-called conversion rights for the various series of Preferred are visible on the filings, so there is no hidden Agenda.