Decision Diagnostics Corp (DECN)

[keepingthefaith]

From another board:


I spoke to Keith Berman today. Financials are up to date, they are working with OTC to uplist from pink sheets to OTC-QB if you know the difference, the highest level in OTC is QX. He said that breakeven cash flow wise is currently estimated at $300K per month, and we should be there in 2017. The lawsuit is humming along and the next point of response is about 10 days out. No settlement is going to quickly be reached but they have mediation to resolve it if JNJ is willing. He thinks JNJ will run this out as long as possible to delay a settlement, as long as the legal process allows them room to do so. He wouldn't say, can't name the large retailer they signed (agreements don't permit it), it will have to come in the way of adding another link to the sites carrying their product. I asked if he was happy with the progress they are making in getting these retailers signed, and he clearly is not. That impatience will serve to help us, as he pushes for more progress. He was very cordial, in fact returned my call the next day after leaving a message on their recorder. He thanked me for calling, so there you go. This is my 3rd or 4th conversation with him.
See Less