There are more than just of few comments in the post that are complete misstatements or misrepresentations!
1..."the sec says decn is "caveat emptor"."
Not correct! OTC Markets classified DECN as "Caveat Emptor". The SEC only suspended trading in DECN, but is continuing its investigation.
2..."anyone who held decn long term made good money to fabulous money all the way up to suspension.."
As has been mentioned many times on this Board, the investor or trader only gains or loses money, when he/she sells. A boatload of traders and/or investors were bludgeoned by the mid-morning share price crash on April 23. Who knows what the future will bring, but whatever it is, it will be done on the OTC Grey Market.
3..."as far as I can see, decn didn't victimize anyone...the sec did with its suspension.."
The Securities and Exchange Commission (SEC) "victimized" NO ONE! DECN's CEO Keith Berman managed to crush the DECN long-term investors by blatantly ignoring the SEC warnings and distributing 12 BS share price pumping PR's in one month, i.e. between March 3, 2020 and April 7, 2020.
4..."so what if decn sold 53 mil shares?"
The issue is not "selling 53 million shares"! The issue is DECN's CEO Keith Berman specifically denied any new shares were being dumped into the market at the same time he was claiming DECN's COVID-19 initiative was being funded by "non-dilutive" debt funding. Berman either had no clue what was going on or he was blatantly lying! You choose!
5..."they didn't fleece anyone....investors were still making money!"
They sure as hell did "fleece" the investors! How high would the DECN share price have gone, if there was not the selling pressure of 33% more shares being dumped into the open market. And BTW, those dumping the 53 million shares were making money, who knows about the "investors".
6..."but this company was selling shares and investors were making money and they suspend the stock?"
Funny how this works! It is as basic as a rock fight! Over 20 OTC companies, who actively pumped their questionable coronavirus initiatives, similar to DECN, have gotten whacked by the SEC for violating of the SEC rules and warnings.
7..."the company put out pr's that embellished the truth"!
LOL! LOL! THAT'S A VERY BIG "BINGO"! Which is exactly what the SEC specifically warned companies not to do!
THE FOLLOWING STATEMENT IS THE COUPS DE GRACE!
"people keep saying maybe the company sold 53 mil shares...so what?...theres nothing wrong with that...the company made some money...the ceo made some money...who cares?...EVERYONE was making money, including shareholders..."
CORRECTION! It is NOT a case of "PEOPLE SAYING MAYBE...". Despite the CEO's untruthful denials, it is now an irrefutably proven FACT 53 million DECN shares, which increased the Outstanding Share count by a factor of 33%,were dumped into the market in just three weeks, between MID-MARCH 2020 and APRIL 3, 2020.
Companies DO NOT "MAKE MONEY" by selling shares! The DECN shareholders own DECN and the dumping of 53 million shares, without a commensurate return in value, CRUSHED THESE DECN SHAREHOLDERS WITH MASSIVE DILUTION!
And I will guarantee, the SEC will be most interested to see if the "CEO MADE SOME MONEY"! As a matter fact, SEC is probably checking on that right now!
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