Replies to post #76072 on Decision Diagnostics Corp (DECN)

[no_ur_stox]

EXACTLY! All we know is the statement from the SEC, which is posed as a question, and NOT a charge!

It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension in the trading of the securities of Decision Diagnostics Corp. (“DECN” or “the Company”) (CIK No. 0001144225)because of questions regarding the accuracy and adequacy of information in the marketplace since at least March 3, 2020. Those questions relate toDECN’s press releases, among other things,(i) claiming to have “technology perfected” to allow it to manufacture and sell a COVID-19 test kit that would provide results “in 15 seconds,based on a small finger prick blood sample,” and (ii) issuing sales forecasts that up to 525 million COVID 19 test kits would be sold in the first year of production.

[rverboatgambler]

I think that if DECN is legit, with the COVIID test cleared by FDA the SEC will "call for trading" DECN. And it will reopen at .48 or whatever.
I'm guessing what spooked the SEC was that the s/p dropped over 50% on a 16 million share dump-at-market order five seconds after a decent PR was dropped, plus the fact that DECN traded $36 million worth of stock that same day.