Replies to post #66571 on Decision Diagnostics Corp (DECN)

[Hopefull17]

What happened to PARAGON? It has been over a year since the "4 year agreement" was signed ....Walmart, CVS, Kroger assigned....NADA on store shelves ....is the relationship still in place or did it go the way of the Mexican deal and the Bolivian deal before that .....

What happened wiith Fetch4Pets? Pet retail brick and mortar sales was to happen and even mentioned when items would be distributed? Was this a distributor or a license agreement? If license agreement, did DECN benefit or did MF Berman make a side deal somewhere?

IMO, MF Berman is a DISASTER of EXECUTION. Sad, he cannot recruit and retain a qualified Board of Directors .... he needs the help, IMO for sure!
Only his ARROGANCE outshines his managerial INEPTNESS, IMO! He should stick with legal and development matters and recruit a qualified CEO who understanding marketing, sales and business development and does not bath his/her-self in business BS!

NOBEL prize, my arse!

BUYER BEWARE!

[rawman]

Speaking of distribution, how can DECN, or any company, have ACCOUNTS RECEIVABLE ($1,045,166) EQUAL TO ALMOST HALF OF THE ANNUAL REVENUES ($2,379,234)?

Can you say, "Berman is ignoring a potentially huge BAD DEBT write-off!"? This BS brings new meaning to the claimed "slow pay"!

DECN's annual report approaches being misleading and definitely communicates DECN is a financial mess! IMO, the diabetes testing business is ridiculous, starting with a nearly 80% Cost of Goods! Setting the newly announced COVID-19 testing initiative aside, there is no way even a .02 share price can come close to being rationalized! If the annual report would have been audited, DECN would have gotten hammered for carrying average receivables of nearly 180 days to pay, the bloated valuations for the IP and Patents, and no write-downs of the custom manufacturing equipment, just to name three significant concerns. Suffice it to say, IMO, DECN's financial condition is certainly worse than what is being conveyed in the 2019 Annual Financial Report.