Replies to post #86682 on Decision Diagnostics Corp (DECN)

[pumper_stumper]

Great write up, great expose!

What is sad is, in a pink sheet market like this one, most shareholders won't even bother taking time to understand it, or verify it.

But, they will hold because "we're going higher", and "FDA approval soon", and "more Covid cases coming, yea!". This is why it's just a matter of time before every DECN investor has a loss. Ignoring important information like this because you don't like it, or you don't have the education to understand it, doesn't make it go away!

I seriously doubt, there will be any real debate on your post here, just like there was next to zero discussion of the 1st Quarter earnings report.

In the pinks, it's not about a decade of consistent losses, with more coming. That's "old news". Instead, it gets pushed aside because "the future is bright with our xxxxx product". Of course, today xxxx is the corona test. In a year, there will be another million or two in losses, no corona test, and a different "xxxx product" that will "save the day".

#sameoldpinks

[Mugwumps88]

Pretty damning analysis, not much response from the board here. Which tells you most have just have faith. And as Mark Twain said "Faith is believing in something you know ain't true."

[Johnny_C]

Great post and the Thanks was sincere even though at times we have differed. A couple times now you have brought my generalizations to task and I have fixed them. I don't like these loans or convertibles but understand why cash strapped companies do them.

$600K bad debt write off in such a short timeframe should be investigated. I would imagine many look at this ad fraud!

Berman has no checks on his narrative or financials in filings. The $675k loan payoff with 34.6 million shares and the new loan should have been consolidated into one transaction. I bet any lender would would loan Berman $1.5 million when they received upwards of $10,000,000 of stock at one point. Not a bad 30 day deal, but there was no pump and no insiders profited.

While there is so much to pick apart some amusing narratives are the REG A filing, South American Distributor, and Paragon.

Seems pretty bizarre that Berman claims he can raise the prices of glucose strips after consumers have seen lowering of prices. And when Paragon purportedly told Berman that Walmart couldn't sell cheap strips due to how much money they made on a higher priced One Touch sale it must have skipped Berman's mind that Walmart offered and in store private label product to fit One Touch meters. Or that Walmart contacted Berman to sell discounted strips competing against One Touch on its online platform.