The months that you rattled off are incomprehensible given our current EUA approval timeline SMFH!
You know, I reviewed about 30 of these Form 550 appeals. Since they all had word count limits, just like DECN's, it took about the same amount of time to review each of them. I came to the conclusion that the SEC put the Form 550 appeal process in (about 30 years ago) to allow companies who felt they were done wrong by the SEC, to have some Due Process rights. Unfortunately all these appeals do is give the appellants a sniff at success, and only a sniff. Until this appeal.
Who woulda thunk that lawyers and officers of the SEC, would concoct a scheme that included lying, cover up, character smears, and 180 degree story changes, all to protect a cabal of people who manipulated the system and who aren't even shareholders. If any of us tried to do this, we'd already be in jail awaiting our trials for conspiracy to defraud.
The DECN appeal is particularly virulent. It alleges truthfully, and is picked up by DECN's responses in the appeal, about 30 days apart, and both of the shareholder letters, that Freddo Perkins is railroading DECN to cover up for his own mistakes and bases after being lead by the nose by a cabal of iHub posters. Perkins is clearly now a part of this conspiracy. Perkins and the SEC counsel David Misler have attempted to change the narrative twice after the fact. This is at best unethical (legal ethics) and at worst totally illegal.
Yet, if the company was the sole party alleging this, the SEC hearing officer, who will shortly receive the case file, could just dismiss the DECN allegations as all part of the litigation game and dECN would join the 30 other companies I reviewed in the Form 550 appeal ash heap. But shareholders alleging the same things, without word limits, and with the ability to present unlimited evidence, and to be able to go directly to those most high in the SEC ... well that is another story entirely. And shareholders can go to the press, who I think would just love to hear that the SEC, in the interest of fairness and Due Process instituted an appeals process that for 30+ years they have totally ignored. The press loves government conspiracies.
If this isn't your cup of tea, if you like pump news releases instead, then DECN is probably not the right stock for you. But IMO the battle being waged with the SEC is both noble and worthy of the money it is costing DECN. And if they win, all shareholders will be beneficiaries. If DECN loses what are you out. The suspension ended about 75 days ago. And if I were Mr. Berman, I would hope against hope that whatever the shareholders give the SEC to chew on is met with retaliation by the lower SEC folks. That would be the answer to our dreams.
You know, I reviewed about 30 of these Form 550 appeals. Since they all had word count limits, just like DECN's, it took about the same amount of time to review each of them. I came to the conclusion that the SEC put the Form 550 appeal process in (about 30 years ago) to allow companies who felt they were done wrong by the SEC, to have some Due Process rights. Unfortunately all these appeals do is give the appellants a sniff at success, and only a sniff. Until this appeal.
Who woulda thunk that lawyers and officers of the SEC, would concoct a scheme that included lying, cover up, character smears, and 180 degree story changes, all to protect a cabal of people who manipulated the system and who aren't even shareholders. If any of us tried to do this, we'd already be in jail awaiting our trials for conspiracy to defraud.
The DECN appeal is particularly virulent. It alleges truthfully, and is picked up by DECN's responses in the appeal, about 30 days apart, and both of the shareholder letters, that Freddo Perkins is railroading DECN to cover up for his own mistakes and bases after being lead by the nose by a cabal of iHub posters. Perkins is clearly now a part of this conspiracy. Perkins and the SEC counsel David Misler have attempted to change the narrative twice after the fact. This is at best unethical (legal ethics) and at worst totally illegal.
Yet, if the company was the sole party alleging this, the SEC hearing officer, who will shortly receive the case file, could just dismiss the DECN allegations as all part of the litigation game and dECN would join the 30 other companies I reviewed in the Form 550 appeal ash heap. But shareholders alleging the same things, without word limits, and with the ability to present unlimited evidence, and to be able to go directly to those most high in the SEC ... well that is another story entirely. And shareholders can go to the press, who I think would just love to hear that the SEC, in the interest of fairness and Due Process instituted an appeals process that for 30+ years they have totally ignored. The press loves government conspiracies.
If this isn't your cup of tea, if you like pump news releases instead, then DECN is probably not the right stock for you. But IMO the battle being waged with the SEC is both noble and worthy of the money it is costing DECN. And if they win, all shareholders will be beneficiaries. If DECN loses what are you out. The suspension ended about 75 days ago. And if I were Mr. Berman, I would hope against hope that whatever the shareholders give the SEC to chew on is met with retaliation by the lower SEC folks. That would be the answer to our dreams.
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