Oily & Loan,
I'm not sure we'd ever be able to track this down.
The accounting and recording of transactions at DECN is just too opaque.
But beyond that,There's a whole host of possibilities when it comes to KB directing funds his way,without it looking that way,if he so motivated.
The Boca Holding Company,for example,to whom stock was issued is listed under "consultant". Holding Company? Consultant?
This whole consultant thing has always bugged me.
I was under the impression it's appropriate to identify what service was received for the consulting cost? In fact,the consulting figures are so high,they technically qualify as a material event.
Or here's another area,any number of the "financing services" issuance where the leverage is completely out of whack(for the funds received) could easily qualify as suspicious.
Or...how bout that Off shore "investor"? Let's see,DECN receives X amount of dollars for a leveraged amount of shares,issued to an entity we have no idea if KB could actually be a part of?
ALL I know,The filings by DECN are filled with pages of stock issuance transactions and distributions. It's really quite stunning. For example,Looking all the way back to 2010,the filings is filled with stock transactions and issuance.
A company with basically no product since 2010,Issuing Millions of dollars of shares,wrapped around Millions of dollars losses.
All by a Company that has never had to invest a dime into it's own R&D.
Ya think there's just alittle something wrong with this picture?
And now we know the Compensation tables don't match even DECN's acknowledgement of compensation amounts to the CEO,or the fact the CEO share/option ownership schedule that hasn't changed in years. And now the revelation any compensation paid to KB as a director doesn't need to be recorded. And....
BTW,Loan,thanks for laying some of that out for us.
Scoop
