Here is a post I made on the other message board concerning DECN's termination of the registration statement and my take on the state of things.
I hope I'm wrong with my opinion and see this company grow. I guess only time will tell.
IMO the company will be snatched up before it organically grows. There are rumors throughout the industry that that one of these mega pharmas was prepared to take control of DECN for less than $6 million. And Mr. Berman stopped it. Does TAUG's failed paid consultant need a primer on basic arithmetic? I could provide it. We have discussed the goings on in Beverly Hills, CA, now let's keep our eyes on Pittsburg, PA.
Let me give the penny traders a lesson on their inconsequential existence.
DECN has, according to OTCMarkets, 140 million shares outstanding. If our M&A giant was ready to acquire lets say 15 million shares in the open market, lets say 10 million shares to the disbelieving followers of TAUG's failed paid consultant. Then once the SEC declared DECN's registration statement qualified, the M&A giant would buy the entire thing, all 150 million shares for $5 million. That would give our M&A giant a total of 160 million shares of a total of 290 million shares outstanding. Since Preferred stock has no share voting rights, and Notes have no voting rights, our M&A giant would control DECN for a total outlay of $5.2 million dollars.
Our M&A giant could then demand, that as controlling shareholders, a wholesale change of the BOD and the installation of their own CEO. Like I have said many times, DECN as a public company, no matter the uber anger of TAUG's failed paid consultant and his abject hatred of CEO Berman, would give in to the demand, and about 14 days from the SEC declaring the registration statement confirmed, the M&A giant would control DECN. And their first order of business, pay themselves back the $5 million. And who would still be around to stop it?
So here comes the basic arithmetic for TAUG's failed paid consultant. DECN is worth lets say $8 million currently, $.059 X 140 million shares. Add to that $5 million and make the total outstanding 290 million shares. 290 million into $13 million comes to $.045 per share. Next exercise, sell DECN's technology directly to the M&A giant leaving DECN with perhaps $1 million in the bank, no technology and no future. Just enough $$ to keep the shell alive for 6 months and 1 day to skirt the bankruptcy preference period.
So, at the end of this exercise, TAUG's failed paid consultant would have lowered the value of his daddy's stock, and made the penny traders even more inconsequential then they are now.
Good job Johnny. Way to think this through. Berman figured this out weeks ago, opened dialog with the M&A giant, brought in a second M&A giant for some competition and hopefully some life happily ever after. And the penny traders --- well they will still call Mr. Berman names and chase those two pennies.
I hope I'm wrong with my opinion and see this company grow. I guess only time will tell.
IMO the company will be snatched up before it organically grows. There are rumors throughout the industry that that one of these mega pharmas was prepared to take control of DECN for less than $6 million. And Mr. Berman stopped it. Does TAUG's failed paid consultant need a primer on basic arithmetic? I could provide it. We have discussed the goings on in Beverly Hills, CA, now let's keep our eyes on Pittsburg, PA.
Let me give the penny traders a lesson on their inconsequential existence.
DECN has, according to OTCMarkets, 140 million shares outstanding. If our M&A giant was ready to acquire lets say 15 million shares in the open market, lets say 10 million shares to the disbelieving followers of TAUG's failed paid consultant. Then once the SEC declared DECN's registration statement qualified, the M&A giant would buy the entire thing, all 150 million shares for $5 million. That would give our M&A giant a total of 160 million shares of a total of 290 million shares outstanding. Since Preferred stock has no share voting rights, and Notes have no voting rights, our M&A giant would control DECN for a total outlay of $5.2 million dollars.
Our M&A giant could then demand, that as controlling shareholders, a wholesale change of the BOD and the installation of their own CEO. Like I have said many times, DECN as a public company, no matter the uber anger of TAUG's failed paid consultant and his abject hatred of CEO Berman, would give in to the demand, and about 14 days from the SEC declaring the registration statement confirmed, the M&A giant would control DECN. And their first order of business, pay themselves back the $5 million. And who would still be around to stop it?
So here comes the basic arithmetic for TAUG's failed paid consultant. DECN is worth lets say $8 million currently, $.059 X 140 million shares. Add to that $5 million and make the total outstanding 290 million shares. 290 million into $13 million comes to $.045 per share. Next exercise, sell DECN's technology directly to the M&A giant leaving DECN with perhaps $1 million in the bank, no technology and no future. Just enough $$ to keep the shell alive for 6 months and 1 day to skirt the bankruptcy preference period.
So, at the end of this exercise, TAUG's failed paid consultant would have lowered the value of his daddy's stock, and made the penny traders even more inconsequential then they are now.
Good job Johnny. Way to think this through. Berman figured this out weeks ago, opened dialog with the M&A giant, brought in a second M&A giant for some competition and hopefully some life happily ever after. And the penny traders --- well they will still call Mr. Berman names and chase those two pennies.
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