{"id":7619,"date":"2015-11-27T16:02:07","date_gmt":"2015-11-27T16:02:07","guid":{"rendered":"\/?p=7619"},"modified":"2015-11-27T16:14:47","modified_gmt":"2015-11-27T16:14:47","slug":"decision-diagnostics-corp-otcmktsdecn-soldiers-on","status":"publish","type":"post","link":"\/articles\/decision-diagnostics-corp-otcmktsdecn-soldiers-on\/","title":{"rendered":"Decision Diagnostics Corp (OTCMKTS:DECN) Soldiers On"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/92\/92130\/decn.png\" border=\"0\" width=\"400\" height=\"178\" \/>Some of you will open Decision Diagnostics Corp (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a>)&#8217;s latest financial statement and they&#8217;ll probably think that the company has come a long way. They&#8217;ll see that the Q3 revenues are almost 500% up from on the ones logged twelve months ago and they&#8217;ll also see that the long lasting legal struggles with Johnson &amp; Johnson might finally be coming to an end. In fact, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a><\/strong> say in the report that they&#8217;re preparing themselves for the final dismissal of the patent infringement claims filed by the medical giant, and that they&#8217;ll then proceed to look for the damages made by the whole proceedings. <\/p>\n<p>Investors have certainly read these parts of the latest report and they&#8217;re loving them. The statement came out last week and although there was a brief moment of hesitation at the beginning, the ticker eventually stabilized and began climbing. Six consecutive green sessions later, it reached a close of $0.17 for the first time in almost exactly five months.<\/p>\n<p>So, people have taken a quick look at the report and they seem to like what they see. The Thanksgiving holiday, however, should give them a chance to look through the statement in more detail which probably isn&#8217;t such a bad call as it might give them an inside into some interesting details.<\/p>\n<p>The first one is eye-achingly obvious. Despite the impressive revenue jump, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a><\/strong>&#8216;s financials are far from ideal:<\/p>\n<ul>\n<li>cash: $543 thousand<\/li>\n<li>current assets: $2.6 million<\/li>\n<li>current liabilities: $3.4 million<\/li>\n<li>quarterly revenues: $112 thousand<\/li>\n<li>quarterly net loss: $242 thousand<\/li>\n<\/ul>\n<p>And while the Q3 sales look good, the same can not be said about the revenues logged during the first nine months of 2015. At $292 thousand, they are actually 22% down from the ones recorded during the same period of last year.<\/p>\n<p>If you decide to inspect the report even more closely, your attention might be drawn to the fact that at during the first three quarters of 2015, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a><\/strong> issued a fair amount of Series E Preferred shares for a variety of reasons at rates ranging <strong>from $0.19 to $0.25 per share<\/strong>.<\/p>\n<p>This doesn&#8217;t sound too bad. Until, that is, you find out that every single one of the Series E Preferred shares (there were 687,540 of them at the end of September) can be turned into <strong>14 common shares<\/strong>. Basically this means that in the very near future a rather significant amount of common stock might see the light of day at <strong>an effective price of less than $0.02 per share<\/strong>.<\/p>\n<p>These are all things you should probably consider carefully before you put your money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of you will open Decision Diagnostics Corp (OTCMKTS:DECN)&#8217;s latest financial statement and they&#8217;ll probably think that the company has come a long way. They&#8217;ll see that the Q3 revenues are almost 500% up&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[118],"class_list":["post-7619","post","type-post","status-publish","format-standard","hentry","category-news","tag-decn"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7619"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7619\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}