Replies to post #46486 on Decision Diagnostics Corp (DECN)

[Johnny_C]

"Shareholder derivative lawsuits" and "Class action lawsuits against the BOD" are not built on "IF's"

Shareholders should initiate a shareholder derivative lawsuit or perhaps a class action suit against the BOD.

I did not see an "IF" in the italicized statement. The mere fact that the press releases regarding uplisting when it was impossible without audited financials and the fact that Berman and the BOD concealed a material fact from shareholders that they were unable to get an auditor to sign off on the financials are reasons enough for a class action lawsuit.

Moreover, the press release from July 2016 stated that DECN was unable to get needed paperwork returned from the auditor (that Berman was very cozy with). The BOD had a fiduciary responsibility to get those papers back and have a legal audit done. DECN did not bring up the missing papers to the NJ Board of Accountancy nor did Bermen file a lawsuit against his friend demanding auditing fees back and the return of the papers. This should have been a slam dunk.'

Are there other reasons that the BOD did not press to get the paperwork back from the auditor? Seems kind of sketchy to have sales of 21 mil and cost of sales to be 21 mil. And this was not a malpractice like the TAUG situation, this was DECN's bookkeeper working for Berman's friend, the auditor.

DECN instead choose to attempt to dilute shareholders with an end around SEC rules by pursuing mergers to hide whatever financial malfeasance was or was not committed.

Had DECN management done its job, and assuming the product is as good as claimed, DECN more than likely would have been in better position to get legitimate funding.

Instead we get puffy press releases stating South America will invest millions of dollars in DECN and that 2017 orders from South America alone are a whooping 17 million buckaroos.

We get pumped up press releases that an email offer came in above the then current pps of 4 cents. We get a Director resigning by email with no press release and on and on,

This is why a class action suit is not an IF. The derivative suit would be mute if DECN goes private.