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Posted On: 04/24/2020 5:08:37 PM
Post# of 11803
Below is the ORDER issued by the SEC. This puts the Company in no-mans land. Shareholders will have to call their broker to obtain a quote, from what the market calls Gray Sheet Listings. This did not need to happen and again the blame is being deflected everywhere except where it belongs.
THIS IS THE KISS OF DEATH! Lawsuits to follow, I would guess.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
April 23, 2020
In the Matter of
Decision Diagnostics Corp.
File No. 500-1
ORDER OF SUSPENSION OF TRADING
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 to DECN’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.
The Company’s common stock is quoted on OTC Link (previously Pink Sheets), operated by OTC Markets Group Inc., under the symbol DECN.
As of April 21, 2020, DECN’s common stock has 13 market makers, and the issuer’s common stock is eligible for the “piggyback” exception of Rule 15c2-11(f)(3) under the Securities Exchange Act of 1934.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on April 24, 2020, through 11:59 p.m. EDT on May 7, 2020.
By the Commission.
Vanessa A. Countryman Secretary
THIS IS THE KISS OF DEATH! Lawsuits to follow, I would guess.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
April 23, 2020
In the Matter of
Decision Diagnostics Corp.
File No. 500-1
ORDER OF SUSPENSION OF TRADING
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 to DECN’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.
The Company’s common stock is quoted on OTC Link (previously Pink Sheets), operated by OTC Markets Group Inc., under the symbol DECN.
As of April 21, 2020, DECN’s common stock has 13 market makers, and the issuer’s common stock is eligible for the “piggyback” exception of Rule 15c2-11(f)(3) under the Securities Exchange Act of 1934.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on April 24, 2020, through 11:59 p.m. EDT on May 7, 2020.
By the Commission.
Vanessa A. Countryman Secretary
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