Replies to post #46172 on Decision Diagnostics Corp (DECN)

[loanranger]

"Anyone else wondering why the fluffy PR came out so curiously close to the failed merger that was highlighted in the financials? Change the subject, change the attitude?"

Hang on a minute. Are you saying that the "revised offer" that was just promoted in a press release is from a DIFFERENT entity than the one with which an "M&A" transaction was expected to close by the end of last month?

"On May 12, 2015 the company made an application for a tier change to the OTCQX (common) tier. When the company’s common stock fell in price beneath the $.10 threshold, and when our sponsoring broker shuttered his operation, our application went into hiatus. Subsequently, we have been in contact
with OTCMarkets and we plan to revive our application after we complete an M&A transaction. To that end we have agreed to work with an M&A partner, a current SEC filer with a large shareholder base. We have executed a Preliminary Agreement and are in the final stages of completing a Definitive Agreement. We anticipate closing this transaction during second quarter 2017."

[Friendofbmk]

KSViking, spot on . Excellent post as usual.
For new investors let me just say that KSViking was also an educated supporter of the company and has recently found out how things operate at DECN.
Keith M Berman, the message board and the company filings and twisting of words and the audacity for Keith M Berman to rage against shareholders every day for not investing more money and actually mocking them.

[zeynoc]

Unfortunately so wrong.
1. DECN did not put itself for sale. They are not the ones who asked for this unsolicited offer, so what leverage you point out in negotiations, I am not sure. DECN was about to get $3-5mn from a financier and it is not surprising that this offer came right before that. The reason is simple, buy the company when it is cheap, attract investor interest by giving a huge premium to current, develop the products (part. Genprecise) and then sell this to a strategic is the goal
2. Premium to current does not mean anything for a company whose stock price decreased by almost 50% w no volume and no news. So, you need to look at several figures such as the last 52 weeks high, 200 day average when you are looking at the premium. Who pushed the price lower which was a very easy process and who put the offer, perhaps there is a link, go figure
3. Your Thesis on not getting any credit for future sales is absolutely incorrect. The fundamental valuation in any deal is DCF which relies on future sales and performance
There are some others that I can write but I think these 3 are more than enough to counter your arguments. I think the offer was in the range of 20-30 cents for now.
How is this gonna pan out afterwards? These guys will not go away, they will come back w a revised bid if this is declined, the more they wait they increase the chance of a suitor or a strategic pull the trigger.
Re sp, 9 cents is absolutely beyond funny but as people digest the reality, this will get close to 20-30 cents range in a very short period of time in my opinion. Good luck.