Well according to Pluto, as of 2/3/2017, DECN had not issued any preferred Series D. We shall see. As always, it is best to have documentation regarding these things. As opposed to phone calls for example.
plutoniumimplosion Member Level Friday, 02/03/17 08:21:49 AM Re: Alydyr post# 41192 Post # of 41781
.0000083 per share conversion That is the conversion rate for just one DECN preferred D share into DECN common.
That is so disingenuous. Nobody has any idea what the face value of each share of Preferred D shares are because the company has not issued any. Only in this fairy tale are management condemned for things that have NOT done.
Further in the Board's role as corporate governors, they are the only ones with the right to create investment vehicles. This is not some conspiracy, its the Board's job.
It is a post that tells you one thing, Berman and the BOD are jokes and have played shareholders. they have a rinky dink office in California, it is just a simple office in a cheap office. Filings show the rent is only a couple thousand dollars a month. Look at the salary amounts paid, it looks like the 5 employees are paid minimum wage if they work full time. I doubt there are even 5 full time employees in the office every day.
How is any of this known? Truth is all of this information is incorrect. The company's offices, its offices for more than a decade, are in a very nice corporate condo complex. Mr. Berman has known the owner of the complex for decades and receives lower rent because of this relationship. Notice, DECN has an office. Its office is not the right pants pocket of its CEO.
Its employees are all highly educated in the area of medical devices and/or FDA regulations. Most of the employees are second generation company employees. All of these people choose to work for Mr. Berman instead of working where they can earn more money because they believe in what the company is trying to accomplish. They are certainly NOT paid minimum wage. And the company's expected accomplishments are detailed in the company's filings.
the only reason they have cash in the bank is because Platinum Partners and its affiliates have funded them with sweetheart stock deals. Since Berman's long time scam funding with Platinum is over because they are indicted and liquidating looks like the money in the bank gravy train is over.
The company, by virtue of its own filings has not done any business with Platinum since 2011. They tried to but terminated all of their communication with Platinum in 2014, long before any Platinum criminal activity was uncovered in the press. When a company decides to end communications with a company they alert the CEO of that company. The same thing was done with the CEO of TAUG. When untoward activity was uncovered at TAUG, Mr. Berman bailed on behalf of DECN shareholders.
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