Like I said Frank, it is clear you did not read th
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(Total Views: 403)
Posted On: 05/18/2018 9:23:38 AM
Like I said Frank, it is clear you did not read the quarterly report. Can you read? I vote no you can't.
"The company entered into two international agreements throughout 2017. The first agreement, executed through the company’s exclusive Korean agent, allows for delivery of the GenUltimate! and GenSure! (and certainly the GenPrecis! product when available) in quantity for sale in the Korean, Taiwan, Hong Kong, Vietnam and Thailand markets market. As of this writing, the Korean partners have ordered and paid for over 193,000 pieces (units/boxes) of GenUltimate!
The company’s second international agreement is through a South American financier who has businesses in Bolivia and Spain. This group initially placed a single two-year (term) order for approximately $17 million in GenUltimate! test strips, GenUltimate! meters and the company’s new (2017) Firefly! Lancets.
The South American financier also notified the company that he and those closely associated with him wished to subscribe to a $3.25 million to $5.0 million capital investment in the company. The group then signed and executed a Subscription Agreement for the company’s Preferred D shares in April 2017.
After delivery of approximately 11,000 pieces (units) of GenUltimate!, 3,000 GenUltimate! meters and cases of lancets delivered to Bolivia, the company was contacted by authorities in the U.S. and then again several months later by regulators in Spain concerning the partners and silent partners involved with this international agreement. As a result of these contacts, the company, on March 20, 2018, terminated the Preferred D Subscription Agreement and terminated the International Distribution Agreement."
I will also add that recently a cattleman from Iowa contacted the company about a similar experience and this person plans to meet with company officials and the authorities on the cattleman's upcoming trip to California.
Frank, close down that sign business in Texas and bring your very special skills to California and run DECN. Your fellow shareholders are counting on you. In fact there are shareholders dating to 2005 that are pulling for you, even though you were a recipient of a Ron Kelly share bribe of 8 million shares. Did Ron ever pay those shares Frank? By the way, do shareholders know that you worked for the company in 2008 and accepted shares as payment?
"The company entered into two international agreements throughout 2017. The first agreement, executed through the company’s exclusive Korean agent, allows for delivery of the GenUltimate! and GenSure! (and certainly the GenPrecis! product when available) in quantity for sale in the Korean, Taiwan, Hong Kong, Vietnam and Thailand markets market. As of this writing, the Korean partners have ordered and paid for over 193,000 pieces (units/boxes) of GenUltimate!
The company’s second international agreement is through a South American financier who has businesses in Bolivia and Spain. This group initially placed a single two-year (term) order for approximately $17 million in GenUltimate! test strips, GenUltimate! meters and the company’s new (2017) Firefly! Lancets.
The South American financier also notified the company that he and those closely associated with him wished to subscribe to a $3.25 million to $5.0 million capital investment in the company. The group then signed and executed a Subscription Agreement for the company’s Preferred D shares in April 2017.
After delivery of approximately 11,000 pieces (units) of GenUltimate!, 3,000 GenUltimate! meters and cases of lancets delivered to Bolivia, the company was contacted by authorities in the U.S. and then again several months later by regulators in Spain concerning the partners and silent partners involved with this international agreement. As a result of these contacts, the company, on March 20, 2018, terminated the Preferred D Subscription Agreement and terminated the International Distribution Agreement."
I will also add that recently a cattleman from Iowa contacted the company about a similar experience and this person plans to meet with company officials and the authorities on the cattleman's upcoming trip to California.
Frank, close down that sign business in Texas and bring your very special skills to California and run DECN. Your fellow shareholders are counting on you. In fact there are shareholders dating to 2005 that are pulling for you, even though you were a recipient of a Ron Kelly share bribe of 8 million shares. Did Ron ever pay those shares Frank? By the way, do shareholders know that you worked for the company in 2008 and accepted shares as payment?
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