Decision Diagnostics Corp (DECN)

[Jelly Bean]

during 1994 and 1995 the Company improperly recognized revenue from distributors despite the fact that all significant vendor obligations had not been completed and/or collectibility was not probable;

Mugsy, Are you aware that Berman wrote off millions in receivables as bad debt as recently as 2010 or thereabouts. I mean, I can understand having to write off some of your sales/receivables as bad debt or at least make an allowance for it but, geez, Berman pretty much washed all the revenues at the time. One might think that this was some really bad business execution or a way to wash your financials. IMO, of course.