Pluto, you wrote: The company, as opposed to so
Post# of 11802
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The company, as opposed to some shareholders, did not count its money in advance.
Read More: https://investorshangout.com/post/view?id=560...z662ey112p
Mr Berman wrote in the the recent Q:
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In July 2019 CEO Keith Berman approached the company Board of Directors with a plan and offer to, from time to time,
through a proposed settlement of the litigation on-going with Johnson & Johnson, lend the company up to $450,000
through a combination of sources available to him. The Board accepted this offer, which came without pre-condition.
Mr. Berman made it clear that he would rather lend the company money himself or through close friends and family,
than to sell low priced equity to small institutions, given the likelihood of a handsome settlement of the litigation with
Johnson & Johnson. The first loans totaled $215,000 and were made on October 1, 2019.
"through a proposed settlement of the litigation on-going with Johnson & Johnson, lend the company up to $450,000"
"given the likelihood of a handsome settlement of the litigation with
Johnson & Johnson."
I DO think the company, Mr. Berman (and it's Board of Directors) was counting on it's money in advance.
You posted on another board:
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I just spoke to CEO Berman and he told me he has agreed to raise his investment announced as $450K, to $600K. There will be some sort of announcement next week.
Perhaps Mr. Berman is confident about DECN's business and the expected settlement from J&J.
This seems to show you in agreement with Mr. Berman that the company was counting on it's money in advance.
It is a good thing that $600K has been infused into the company...
or has it?
The "proposed settlement" statement is interesting...
You wrote:
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There will be some sort of announcement next week.
Waiting...
but then... many things are said...