Decision Diagnostics Corp (DECN)

[loanranger]

"Same goes for....hey,a new company organized by KB!
File date of 4/12/2016.
PHARMATECH SENSOR DEVELOPMENT CORP.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NicXu%252fpsRexGqJtsfvbIlw%253d%253d&nt7=0

All 10,000 shares owned by DECN,right?
Isn't the establishment of this Corporation material?"


"And guess what,At the same time PHARMATECH SENSOR DEVELOPMENT CORP. was established,so was another new entity:
DECISION DIRECT L.L.C.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=XcyHPii6kZmdBdfLQMC1hA%253d%253d

I wonder if this a subsidiary also?
This is a LLC,however. With KB listed as the Manager. Same file date of 4/12/2016.

Contrasted with PHARMATECH SENSOR,which is a Corporation with a share structure.

Can't wait to hear how these two new divisions play a role?"



In the process of trying to connect the dots between Kimberly Binders LLC's and the corporation she works for...this one...I came across the NV listings for Agent Keith Berman's two filings as referenced above (btw, the other 5 NV entities that he acts as Agent for are under Keith M Berman and require a separate search).
Anyway DECN's OTCMarkets reports for the period ended 6/30 have since been filed and your question was half answered by them.

"DECISION DIRECT L.L.C." appears not to be mentioned at all. We have no idea what, if anything, that entity of unknown ownership might have to do with DECN. All we know at this point is that that LLC's Registered Agent also prepared and signed the latest OTCMarkets report as an officer of DECN. If DD LLC was connected in any way to DECN you would think that Mr. Berman would have mentioned it...maybe it isn't connected. :o)

"PHARMATECH SENSOR DEVELOPMENT CORP." does get a description in the Overview section of the 6/30 Reports. Here it is:
"Our new subsidiary Pharmatech Sensor Development Corp. manages an inventory credit line to finance inventory purchases of our Genstrip 50 and GenUltimate! products."


I'm guessing you, and maybe a few others, might not be completely satisfied with that information.
We don't know if it applies to DD LLC, but the creation of subsidiaries the extent of the parents ownership of which is unknown (as appears to be the case with at least some of DECN's subs) acts to shield shareholders from essential information regarding the company's actual assets and investments. The creation of multiple subsidiaries without clear identities and functions just clouds up the corporate waters. (Ask yourself why one needs to create a subsidiary to manage "an inventory credit line to finance inventory purchases of our Genstrip 50 and GenUltimate! products"). It's not necessary and when an SEC filer does it and they get that agency's attention they get asked questions by that agency about it. I don't know if that was one of the considerations management and the Board of Directors had in mind when they filed their Form 15 to get out from under their SEC reporting obligation, but it had that effect. OTCMarkets doesn't care about such things.

If and when it is again suggested that "There is another path to uplist and this path for a small company is the wave of the future", as it was in the latest OTCMarket report...
http://www.decisiondiagnostics.com/assets/reports/20160815_2Qa.pdf
...it should be noted that taking that path would require being more forthcoming on this issue of subsidiary ownership (among other things). For that reason one might want to question just how serious the company might be when it comes to taking ANY path to what they refer to as "uplisting" that involves a greater level of transparency.