Decision Diagnostics Corp (DECN)

[HFM2]

Notice the language carefully:

(i) DECN’s statements claiming to have “technology perfected” to allow it to manufacture and sell a COVID-19 test kit that would provide results “in 15 seconds, based on a small finger prick blood sample,” and (ii) DECN’s sales forecasts for the COVID-19 test kit that up to 525 million test kits would be sold in the first year of production.

Two issues: 1) claim to perfection of technology (apparently rubbed someone the wrong way) and 2) overstating sales (525M).

Zoom in: Words "technology perfected" in quotation marks - is this the heart of the issue? Also, sales forecasts of UP TO 525 M cannot be incorrect if they sell even 1 kit!