Decision Diagnostics Corp (DECN)

[THE PIKER]

Vic you wrote As to Cox having his hand in the cookie jar...I don't see it in the 10Q statement. What I see is a disconnect between the BOD and Cox.

In today's politically correct and litigious world a company cannot call its former CEO a crook until after a judge and jury say it is so. But if it walks like a duck and quacks like a duck it must be a duck. The ISCR disclosure is very similar to the disclosures RCO put in its 2004 10K which also came out two weeks late. A week earlier there were rampant rumors that the CEO had resigned.

We further found that while the controls over initiating and recording routine transactions were adequate, we had inadequate procedures to determine when and how a certain contract was executed by an officer acting on an ex-parte basis, without the full knowledge or approval of our Board of Directors. Further, we have experienced a disconnect in communication between our Board of Directors and our CEO regarding internal disclosure of the existence of a certain contracts and approval of certain contracts. We believe that we have corrected this deficiency and will continue to carefully monitor the proper application of this control.