Let's everyone keep in mind that the SEC 10 Day Suspension was not based on any claim or evidence that DECN's test kits did not exist or did not work, something you would think would be stated as a major reason for suspending the company if it didn't exist, don't you think?
The SEC had a problem with DECN claiming that they had "perfected the technology" or that the test could give results in 15 seconds because the SEC had no evidence from any other company (using different methodology) that such was even possible.
The other issue was that they didn't think DECN was capable of selling their forecasted 525M test kits within 12 months. SEC did't say that they couldn't sell 100M test kits or how many should be expected. If no test kits existed, wouldn't it have been easier for the SEC to Suspend and file charges stating that the company's PRs are clearly misleading because no test kits have been developed or exist in reality.
So the SEC is "protecting" us because there are some scams out there related to COVID-19, many actually related to having channels to resell PPE and COVID-19 tests, and the SEC deems that there is misleading information in the market from DECN stating that they have perfected a technology and expect very large sales.
Quite different from claims that the test kits don't exist, don't work or that can't/won't be sold.
Let's say DECN hasn't "pefected" the technology, but the test kits do work and they only sell a disappointing 150M kits over the first year, meaning well over 1B in revenues. Anyone on this board going to complain to the SEC on that?
