Decision Diagnostics Corp (DECN)

[ksviking12]

How does that matter? I used a percentage on the stock price. No company would look at the sales of this company and offer much of a premium. I wouldn't believe anything I say. I would call KB and the company and ask relevant questions to see where that takes you. The idea that a company would pay a 5X+ multiple for the share price is simply not realistic. DECN has no real leverage here in a negotiation. Very little sales, financials that cannot be audited, or at least for a very long time and no successes to drive a premium in negotiations. The company had to write off inventory because it had committed to a production schedule and contract with their manufacturer for strips they could not sell. There's very little here for any company to be willing to pay a premium. Realistically and fully diluted, the company is probably worth $20-$30 million at most to a company. If DECN can show any sort of revenue generation and expansion success that could change over the years, but right now its not worth a whole lot. Especially when you look at the past history of partnership and merger pumps. Anyone else wondering why the fluffy PR came out so curiously close to the failed merger that was highlighted in the financials? Change the subject, change the attitude?