Replies to post #49019 on Decision Diagnostics Corp (DECN)

[vinovista]

OMG that's a whopping $241.20 Total!!!
With the average shares being 5 or less that's $0.30.
Boy its a good thing that I wasn't one of those $0.30 losers 'cause I would have had to sit on this message board and complain all day long for the rest of my life.

Just sayin'

Happy GenSure day.

[Jelly Bean]

whelming majority of these lost shareholders had less than 5 shares.

that was because of the previous reverse splits and the shareholder elimination was done in order to absolve the companies responsibility for SEC reporting. I love how they just shrug it off as no big deal that shareholders share counts were reduced to rubble.

Lets just be honest here regardless of which camp you are in...the reverse split resulted in the destruction of share holders and shareholder value as they most often do.

[loanranger]

My only purpose in mentioning the 2016 split and the reason for it (the elimination of shareholders to allow for a Form 15 filing), which was plain for all to see, was that it complicated the share count math...as I made clear.

But since you feel I didn't address it fully....

This ""clean up” from its shareholder rolls(sic) (of) over 740 lost shareholders" wasn't just housekeeping as the phrase "clean up" suggests and the shareholders weren't "lost"...the action eliminated them. The dollars involved were obviously insignificant but the intent of the corporate action was obviously not. Bye-bye to audits and SEC reporting requirements, hello to minimal transparency and regulatory oversight.
That shouldn't have made any reasonable shareholder happy, but I know that some are happier with Berman untethered by any silly frivolous securities laws.