Replies to post #38557 on Decision Diagnostics Corp (DECN)

[Alydyr]

The DECN financials don't add properly and they are loaded with other errors.

I've easily proven this multiple times. In fact, I think the last financial that was even close to being correct was the first quarter of 2013.

Then we have the fact that officers/directors own about 3% of the outstanding shares and have not added even a single share since 2011.

DECN is a joke!

[loanranger]

"Written down inventory is related with the packaging rules."
The rules that DECN had to follow were finalized in November of 2014. DECN reported having inventory on Jan 1, 2016 of $4,450. The company reported that they were creating an inventory reserve totaling $242,736 as of June 30. How did that happen?


"If you look at the footnotes, it clearly states that they will be able to sell those to international markets. When they do so, it will be a direct 100% gain on sales."
If that's true, then the value of the reserved inventory should not have been totally written off. Doing so resulting in shifting income forward improperly if that was done.

[scoop9]

"When they do so, it will be a direct 100% gain on sales."

That's completely False!!!

Anything they get is simply a cash credit to go against the write off.

Selling in another market/any inventory after it's been written off is simply an attempt to mitigate the loss on the figure used in the original writing off of obsolete inventory.

It is fundamentally wrong to say a "direct 100% gain on the sale".

There is no "gain" on anything,other than mitigating a loss.


Scoop