Loan ! The point of the history of the company and when they had 20 million in revenues is that it also cost the company 20 million in financing to show 20 million in revenues. This zero sum game can allow hype press releases to raise more money via stock issuances.
The last quarter shows the company issuing shares at 8 tenths of one penny. They report this under accumulated deficit of fourteen thousand dollars. But when those shares are sold into the market at 10 , 20 or 50 cents, the hard working american investors will have spent hundreds of thousands of dollars for them.
And still it shows under the accumulated deficit as only 14,000 dollars. The difference is pocketed by someone and doesn't show up under accumulated deficit. It is supposed to show up as income on the persons 1099 who is benefitting to complete the circle. If the someone has an offshore mailbox then it is another problem.
Such below market share issuances are also irresponsible. Any CEO of a company should be called into question issuing shares virtually for free. Shareholders should be aware of such actions and for what purpose.
As far as the other "one time gain" these are financing hedge funds that went out of business "many times for fraud" and the liquidator didn't press hard for the outstanding balance from the various companies loaned against. It became free money for DECN. However try to find it on the balance sheet after several accounting quarters.
These freebie windfalls for DECN not only make for good stock pumps, but also are huge loans that never were paid back. And shareholders will have trouble finding where the money ended up.
Rumor is the huge debacle last year with Pinnacle , a long time funding source for DECN, is also in receivership. DECN also stands to have another free windfall if the liquidator doesn't press DECN for a judgement.
45 million dollars raised on paper over 20 years. How many hard working americans can make something work if they raised 45 million dollars? Id say just about anyone.
