Monday, April 06, 2020 1:58:09 PM
STRANGELY(Well, not really for MF Berman, IMO), is this Matthew Musho the same Matthew Musho that was the President of Conductive Technologies, Inc. (CTI) that Shasta and CTI per the DECN Annual Report states alledgedly "colluded" with Lifescan. This would have caused harm to DECN and its shareholders? ACCORNING to LinkedIn and Matthew's profile, he was employed by CTI from Jan 2008 – Oct 2016 AND served as President and on the BOD.
On the iWel website https://iwelmed.com/management-team/ , he is listed as VP, Research & Operations and his profile states, "Matthew K. Musho, Ph.D., is a scientist and an executive with more than 30 years of experience in the IVD industry. He holds a doctorate in Physical Chemistry from the University of Notre Dame. Prior to his current position he was president of Conductive Technologies, Inc. (York, PA), a contract manufacturer of in-vitro diagnostic devices and printed electronics. Before arriving at CTI he was employed by the Diagnostics Division of Bayer Inc. (Elkhart, IN) in their R&D group. He is listed as a co-inventor on more than 20 patents."
INTERESTINGLY, the Annual Report states a not so friendly relationship with CTI in the past …..
"As a result of a product embargo by Shasta and Conductive Technologies, Inc. the company ran into an inventory shortage, and in fact ran out of product on several occasions. However, the inventory problem began to clear up in late May 2016, and with the advent of adding the GenUltimate! product from Korea, shortages were alleviated."
"In November 2018 the company filed a lawsuit in Pennsylvania court against Conductive Technologies, Inc. (CTI) and Shasta Technologies LLC, alleging, among other things, that these two former partners colluded along with Lifescan, Inc. to illegally embargo the company’s GenUltimate! product and technology, and to attempt to seize this product and associated Intellectual Property."
Is this a case of "strange bedfellows", REDEMPTION or dealing by the devil with another devil?
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