Decision Diagnostics Corp (DECN)

[scoop9]

Pluto,

To set the record straight once and for all,because both of us can't be right,I present the final definitive statement on the below matter.

So as a reminder,this is from a past correspondence between us...

I said..."The $2 million was for foundational technology that simply needed to be tweeked to the latest generation of the One Touch family it was using as a Predicate base."

You said..."No it wasn't. The $2 million was for the 510K and the marks."(See original post).

The excerpt below taken from a copy of the original Binding Terms sheet 2 days before the formal acquisition was signed on March 20th states different...and pretty much confirms the veracity of my statement.

It can't be any clearer than this......"The Technology"

Additionally,and As I thought,it was only natural that the 510K,etc was included in the acquisition as was anything pertinent/associated with the Technology and/or any regulatory approvals of Genstrip.

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The following has been electronically sent on March 18, 2014 to the following parties for signature:

Calvin Knickerbocker, Sr., Managing Member of Shasta Technologies, LLC

Keith Berman, President of PharmaTech Solutions, Inc.

Rita Chasco, President of Broadtree, Inc.

By signing this binding Term Sheet, each signer agrees to abide by these terms herein as an individual,and as the representative of their respective companies, and that they have the full authority to sign on behalf of their respective entities. Each signer furthers agree to fully cooperate in the preparation and signing of this Term Sheet and the final settlement agreement to follow.

The following are the Buyout terms as agreed to by the parties above:

1. The Buyout is for Shasta’s intellectual property (technology, marks, goodwill and 510(k), etc. and whatever is usual and customary for asset acquisitions of this nature), but not for the acquisition of Shasta as an entity. A further description of this intellectual property will be provided prior to the completion of a subsequent long form written Settlement Agreement (hereafter
“Settlement Agreement”), and agreed to by the parties hereto.

2. The Buyout amount of $2,000,000.00 will be placed into escrow within 15 days of the signing of the Settlement Agreement.


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Confirmation of the formal acquisition:

"We acquired Genstrip from Shasta Technologies LLC on March 20, 2014 and in late June 2014 we began the minor branding changes"

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=155292

So I think this settles things once and for all.

In discussing things,if we just try and stick to facts and the truth(which we can all help contribute to),we can much more clearly assess the honest intentions and prospects of DECN.

Loan,To infer that I would share anything that isn't publicly accessible is flat out wrong.

Like gman likes to say,do your own digging.


Scoop