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Everyone keeps referencing Mark when discussing finances and stock listing. Your comments should be directed to Rene who is CEO and is heavily involved in the business side of the company. Of course Mark is aware of everything happening but his value is the technical aspects of the company. By the same token his personalty is such that he is never too busy to talk to a stockholder, patient, or prospective investor. These are good people and it is upsetting to read some of the nasty comments about them.
Their contribution to the medical field in diagnostic medicine is outstanding and I would not be surprised if Mark would be a candidate for a future Noble Prize for his contribution to medical diagnosis.
A lot of activity and conversation regarding financials and speculation it is a wonder the management and limited staff at ARYC can ship product at the rate being reported.The following is my take on the situation.
The biggest mistake was the hiring of RRBB in Dec 1916 who never produced a single financial statement in 2 1/2 years. It is my opinion that they didn't even start in earnest until 6 months after being appointed and the partner Dan took over and was in the hospital for some time. Bottom line not one single finance statement was issued. I am sure ARYC contributed to some of the delay but it is incumbent on the Accounting firm to get the job done. Been there and done it.
Who cares about long past financials--only the IRS if profit is made. ARYC option to generate two latest financials makes sense. This will give an immediate snapshot of net worth, sales and backlog. This will give a legal picture of what the company has done.A full statement for 2018 would be a huge step in satisfying most stockholders. This so called silent period will keep Rene/Mark on focusing on shipping on time to keep the money flowing into the company so our stock will be listed at $4.00/share.Only my opinion!!!
Yes he is proably delaying the financials but only after he and Rene saw the big change in business posture. I am sure he/she intended to release as announced. But when business increased, doubled,I think they had second thoughts and engaged in discussions with RRBB as to what approach should they take. Do not discount Rene from this approach or RRBB.
It is prudent management to be flexible for the benefit that makes the company more valuable for stockholders and themselves.
Understand they only have 10 employees and I am not sure Mark and Rene are included. To be doing business at this level with only 10 people is mind blowing. You suggest publishing preliminary financial documents--who is going to do that? They have hired a blue chip firm to do that and I am sure they discussed it and dismissed so they could focus to do the finished paperwork.
They quickly hired an out side firm to expedite all billing and collection of invoices in a efficient manner.
Give some credit to the strategy employed here as it is putting big money into into our pockets as shareholders at the expense of delays in publishing financials. I am sure SRO and SEC are all informed of what they are doing and in agreement of their decision.
AGAIN THIS IS ONLY MY OPINION
HB You make some reasonable points but your viewing it from a limited prospective. Right now the big investors are chopping at the bit to buy the stock. However how can they do that without certified documents? I am sure that ARRAYIT could have published them some time ago. If they did the stock would have gone up without a doubt except their performance would have been measured on maybe the last two quarters (2018 4th/2019 (first)
The first qtr 2019 started the 2M per week sales run. Now they project this out to easily a year with no problem. with all these other opportunities (Animal Alergy} it could easily triple.
Now step back and consider ARYC goals--to be listed on NASDAQ.
My previous post 141779 I listed the requirement's for NASDAQ and an important requirement is company value. Sales and profit are paramount to that and two qtrs at $2m/week speak louder than one, and immediate price of $4 on NASDAQ is better than penny bidding as it stands now. In addition it is a clean path for the institutional brokers to start bidding legally and drive ARYC up much faster without Market Makers controlling the price. Which do you prefer?
I will opt for what I think is the route to higher dollars and in the long run shorter.
Please understand this is only my opinion but English is my mother tongue I can read the tremendous tweets published by the Company
GO ARYC>
DR excellent post and your reference to SRO Thanks for sharing with all of us. This ties in perfectly with my comments of how Mark and Rene are following a very logical path to be listed on NASDAQ.This reference to SRO who is a legal entity acting almost like fiscal watch dog that makes sure they are following strict financial regulations.
They have been members since 2017 and if they have strayed from the established standards in reporting any financial data the SEC wold be alerted.If everyone would read your last few posts and the one I posted they would feel very comfortable with the action being taken by ARYC. They are getting good advice and if those having any doubts
would sleep better at night.
THIS IS NOT A SCAM REST ASSURED GO ARYC.
Just to add to my previous post regarding listing on NASDAQ I thought it might be helpful if we could see those requirements in detail. As shareholders we should be knowledgeable as to what Rene and Mark are facing in getting listed. Actually the MM are helpful in meeting the number of shares transacted in a day. Yes they affect the daily price but we are all after the big dollars.
I feel the biggest factors are the sales and cash flow as defined in item 1.
Have fun trying to determine the biggest challenge.
•The Nasdaq has four sets of listing requirements.
•Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.
•In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
•A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization with Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization with Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets with Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 mil
My Thoughts On Arrayit Situation
I know many of you are curious on what goes with ARYC and why the financials have not been published. I am in the same position and those of you reading the IHUB will get all kinds of ideas from the crazy posters on the HUB. Let me state a few facts and we can go from there.
1.ARYC has been in business for over 25 years and has designed and delivered millions of dollars of analytic equipment unmatched in the World. Their equipment is being used by some of most demanding, prestigious organizations in the world with unequaled performance. FDA, VA, Dept of Agriculture and 2 other organizations used their devices with 100% accuracy. One was just announced today in a release by CEO Rene that was the 5th one that reached 100% accuracy in their allergy testing. A phenomenal record and unheard of in the field of measurement.
2. Their sales for the last several months at $2million dollars /week. With a staff of 15 and a building of 15,000 sq ft and the margin of profit of the blood cards you can rest assure financing and cash flow is not a problem. The projected sales might easily be double of the current rate.
3.A recent post #141272, by Stock Detective on 5/18/19 is a phenomenal list of organizations who will provide services that will list services unheard of in the field of allergy testing and guess who will supply the equipment for those services. This links Arrayit to a huge proprietary market and unchallenged by any other competitor. You can click each one of these and view that company and what they do utilizing Arrayit devices. It is difficult to imagine the amount of revenue that will pour into Arrayit with all these companies performing these blood tests. View a few of them and it is easily seen that there will be a tremendous influx of business for Arrayit in a short time and increase sales dramatically’
4.Arrayit’s announced goal is to be listed on NASDAQ as soon as possible. The requirements are to establish the value of the company along with certified financial statements. They have reported sales of $2m/week but for a short time and if they can be continued for another quarter it will have a tremendous impact on opening bid prices for the stock and the $4.00 open bid can be achieved. Can we fault management for attempting to achieve this goal?
.This is only my opinion and I believe it might even be much higher than $4 in a short time
Jeff You are absolutely right. ARYC has no legal obligation or responsibility for Avant. At one time they were considered for distribution of ARYC products but failed to raise the funds to perform that task. ARYC even purchased some of their stock and since have divested them selves of most of it if not all of it.I am not privy to their private business ventures but they are no longer associated with the company and to link them with the action taken by the SEC is irresponsible if you don't know the facts
You are partially right. There are some major changes to accounting regulations that went into affect in 2018. Go to the following site
bakertilly.com/.../are-you-ready-for-these-4-major-changes-to-the-accounting-rules
and you will see the headache that has been to implement these changes. A lot has to do with the way and timing of when you report sales and expenses against that sale and declare revenue.
I have talked to several accounting personal with different companies and got different answers.Those that work for a straight forward facility like a retirement community, it is a piece of cake.
A company like Arrayit with hundreds of products, some development activity, some straight sales of established equipment, some with service aspects such as blood card processing, it can be a mess to straighten this out properly. My opinion is that this is one of the main reasons RRBB is dragging their feet in getting these financials filed. JMO
Hard to judge when you are not there every day. Could be employees working so many days in a row filling the orders and they just needed some time off. The real question is are they still shipping $2M/week and I will bet on Mark & Rene to meet their schedule.
Their could be some confusion on what was stated by Arrayit. It was stated financials would be issued by First Quarter. I am nut sure that the 2019 First Quarter financials would be included. If so then the accountants would need a few extra days to include those numbers.If first quarter is outstanding like $2M/week then I would assume it makes sense to include those numbers. No matter what the PPS will be stunning.
Based on sales as advertised Arrayit is shipping $2M dollars a week. Based on that alone they should easily be a $100 million dollar company with a stock price of $4.00/share.
For those that have never had their own business it is hard to understand that you have a lot of bumps and barriers to overcome on the way to success. The smart one's try to avoid making the same mistake twice.Has Arrayit made mistakes yes of course--but right now the mistakes are far less than the success's as shown by the sales and record contracts being secured.
This is a very high tech business and the contributions that Mark and his staff have made to the medical field in diagnosing cell changes such as the Parkinson program is sensational and worthy of a Nobel Prize consideration. The monetary aspects of success pales in comparison to the health benefits to be realized by mankind. How does being a little late with financial statements compare with saving lives by using Arrayit's 100% accurate equipment.
The reward will be there soon-sit back and enjoy the ride.
Thanks but I am not new 2.5 years
Just as important as the technical personal. Einstein forgot to cash his paychecks--where was his CEO. Rene is a very important key to this operation and deserves credit for keeping Arrayit in business during the tough times. It is tough developing this stunning collection of devices while paying salaries, vendors supplying key components and overhead costs, sales staff, taxes etc. I am sure they had a lot of trying times but there is no doubt in my mind they are a first class operation. Have they done everything perfect? No but they are surely on the road to success and i am taking a ride with them. This is a winning combination
Your estimate is low--ARYC will easily reach $5 billion in my opinion. Look at Theranos that grew to $34B just on claims that they could analyze blood with small samples. Total BS.
Now you have ARYC claiming the same thing with one big difference. They have technical proof provided by users of considerable stature--FDA, VA,etc, that conducted year long tests and gave them a 100% accuracy rating. That is hard to believe getting 100% accuracy. These are reputable branches of the US Government and no interconnection between these organizations. There would be severe penalties to any misrepresentation by these organizations.
The fact that 3 different government organizations published their results with 100% accuracy is stunning and a remarkable achievement by Mark and his technical staff.
In all industries it is tough to fabricate devices that will achieve
those results on items of less impact on human life. Auto.Aircraft,electronics etc.
ARYC has done this on devices that will be used to determine life saving information on the human body. Paying $30 Billion for a company that can produce that is the best bargain ever offered in the medical field. This only my thoughts and I welcome arguments to the contrary,
The accounting company is responsible for filing the financials--not ARYC.
They confirm that the information stated is accurate and correct. You can bet they are checking all the numbers as submitted by Arrayit to justify that this is true. So at this point it is RRBB that is delaying the financials. It could be that Arrayit wants to include additional information such as 1st Quarter 2019 and request a hold until these numbers are submitted.
Why? Because Arrayit is considering a merger, investment from suitors or some other arrangements that will increase the value of Arrayit for the founders and owners of the company as well as the stockholders. Mark,Rene and other key personnel have invested 25 years into this venture. They have sacrificed many long hours and time building one of the most advanced technological companies that is far beyond anyone else in the field. Name one other company in any field that has achieved 100 % accuracy for 3 different applications for use by 3 different organizations FDA,VA-I forget the third. This is near impossible for inspection results. Been there-done that-it is tough.
Bottom line, Rene and Mark are going thru activity that will give them the best return for all their years of hard work and for the future whether it be a technical partner or financial partner. Who can blame them a few extra months might provide a bigger return for them and we are are part of the them as stockholders. WE WILL BE REWARDED HANG IN THERE AND GET OFF THEIR BACKS YOUWILL GET YOUR REWARD,
That was not the sale price. The items were sold to a company that has sales of $250M.
ARYC's allergy testing is for real. My wife is going thru dialysis and has had a severe cough that comes and goes.The Dr's.
are unable to determine the source. She coughs but no flem is present. Some doses of Musinex have worked but it comes back. The general consenus is an allergy is causing the coughing.
I requested a Blood card from Arrayit which was graciously supplied by Mark himself. I followed the instructions mailed in the card and with the four small blood samples and in one day I had the results in a day emailed to me under secure code.
The report was fantastic.Having two engineering degrees my appreciation for a report that is clear and concise is appreciated.
The report was fantastic, well laid out with a detailed color code and a listing of all the possible allergies.
Bottom line-SHE HAS NO ALLERGY some low but nothing serious. With ARYC record of 100% accuracy I am challenging any Doctor to take issue with this report .
We are meeting with the expert for Nose and Throat tomorrow morning- will keep you informed
Many of us have posted several times in regard to sales request, sale or purchase order, shipment etc. It is straight forward. Only after the goods have been shipped can it be put on the books unless you receive progress payments in advance for partial payment.
This was posted late yesterday and I wanted to share it with all of us who are being affected by the illegal manipulation by the MM', Let's unite and inform the SEC of this travesty that is stealing profit from right full investors. Anyone finding an effective link to the SEC please post so we can submit our complaint
[b]We all know that the MM's have been playing games by buying and selling to themselves. This is not legal but the SEC doesn't have the manpower to police this illegal activity. Add in a penny stock and it is even harder to complain to the SEC. My suggestion is that we all join in and file complaints regarding the straw purchases being made by these individual. A friend of mine more versed in this activity provided the following statement.
It has become very apparent and transparent that all of the market makers currently marketing AYRC are engaging in a straw sales scheme to further their profit making potential. As blatantly propounded in Wednesday's market pattern, these MMs' lined up individually, in tandem and in the same sequence on the Bid and on the Ask. This created an impassable block to the natural PPS upward progress, which would have taken away the MMs' ability to enhance their inventory to, both, provide the security to short the stock and or partake of the upwards thrust that this company's stock is experiencing.
Please take time to send your individual notices to the SEC utilizing the above verbage to file a complaint. I don't have an address as yet but I will search the web tomorrow to find one unless someone reading this knows it and can alert us about the mailing address.
We need to unite and stop this illegal activity`and make sure the law is followed.
We all know that the MM's have been playing games by buying and selling to themselves. This is not legal but the SEC doesn't have the manpower to police this illegal activity. Add in a penny stock and it is even harder to complain to the SEC. My suggestion is that we all join in and file complaints regarding the straw purchases being made by these individual. A friend of mine more versed in this activity provided the following statement.
It has become very apparent and transparent that all of the market makers currently marketing AYRC are engaging in a straw sales scheme to further their profit making potential. As blatantly propounded in Wednesday's market pattern, these MMs' lined up individually, in tandem and in the same sequence on the Bid and on the Ask. This created an impassable block to the natural PPS upward progress, which would have taken away the MMs' ability to enhance their inventory to, both, provide the security to short the stock and or partake of the upwards thrust that this company's stock is experiencing.
Please take time to send your individual notices to the SEC utilizing the above verbage to file a complaint. I don't have an address as yet but I will search the web tomorrow to find one unless someone reading this knows it and can alert us about the mailing address.
We need to unite and stop this illegal activity`and make sure the law is followed.
Again Spotlight you are right on target and you have diagnosed exactly the problem with why we are not at 15-20 cents right now. The MM are illegally using two accounts to buy and sell to them selves. When the sale of 500 shares can move the price you know the system is rigged.
Hang in there we will get to our payoff despite the flawed system.
It could be true since you are comparing tweets, jrsh was stating sales--2 different statements. Not all sales are displayed in the tweets. Some purchase orders or contracts have Non-Disclosure- Agreements (NDA) that prevent any disclosure of the sale. We also have the definition of "Sales" where in most companies are when the item is shipped as opposed when a purchase order is received. The more conservative approach and more widely accepted is when you ship it out the door and get paid-it is a sale What is the sense of declaring a sale then run into a shortage of parts and unable to ship within the accounting period. I believe the purpose of the tweets is to give the general public a general idea, including stockholders,that business is booming and potential customers can see that they are selling to some elite and prestigious organizations. The tweets do not substitute for accounting recorded sales.
I been there with my own company for over 30 years--what is your experience or source of info? But it isn't even my opinion IT IS THE LAW Check it out! Investors are interested in facts not your venting on management that is going to make everyone on this board pleased with their investment GO ARYC.
This has been discussed over and over. You are 100% wrong. Only the auditing company can determine when the financials can be submitted. They prepare the audits and only they or another authorized auditing firm can submit them. Read the more than 30 posts on this subject before you vent on ARYC. They want them published more than you as they have more to lose than anyone on this board.
Spotlight as usual right on the mark. The MM's are the scum bags of the market and the support of this label is they have two accounts are bouncing one against the other to control stock prices to their advantage They manage to do it with only buying 200-400 shares at .04 cents. SEC has too many other things to watch but the way to beat it is to lock in your stock at $6-$7 sell price. Meanwhile we are stuck with this slow ride to a higher price--we should easily be at .10 cents if MM's were controlled properly by SEC. In the long run ARYC will get there and MM's can't stop it but unfortunately make extra profit on the way up. All of Wall Street knows it but does nothing to correct it.
Might be his/her predictions are way off from what they expected. for some it is hard to imagine that Arrayit would be so successful It is hard to believe the accuracy of 100% but the customers evaluating their devices are not novices and have already been duped by a $35B company,Go Arrayit.
Sometimes it is not the people holding the stock who are the morons but their financial advisers are the morons. This is a fact-today's sale of over one million sales was triggered by one person whose Mother died and she was advised to "immediately get rid of that penny stock"that her Mother had. First by her stock broker and then her accountant. Two professionals who couldn't wait to share their brilliant financial knowledge with this novice stockholder. The dead Mother -God bless her" knew more than than the two so called experts. So forget all the speculation about who sold because of cashing in for a profit. Too bad the Mother hadn't briefed her daughter on the investment.
You are correct UVS. Everyone is ignoring the impact of Institutional investors who are limited on what they can do with investor's money. Not by law, but their prudent investment actions. Not many investors would support money invested in a company who has not published statements in several years and those from the years 2014 &2015,are suspect
Once they are released these institutional investors will pounce on ARYC at easily .50 cents to a dollar. Why? Where else do they have an opportunity to easily double or triple their investments that is almost assured from the recent certifications that Arrayit has received Only a few business that I know of can project this tremendous growth like ARYC.
Fully agree.The suit will be dismissed and it will be a clean slate for all issues with ARYC. I think the financials only need a few lose ends to be done as most auditors always have last minute items to modify--drives you crazy. I just hope they release all the years from 2014 thru 2017 for the greatest impact.
You need to relax by selling all your shares now and all your financial concerns will be relieved. I am just sitting back and reading all the activities of ARYC and just trying to estimate when the financials will be released. My guess is within the next 30 days. .
With all due respect you have not submitted one piece of authentic evidence to support your claim. I submit that the delay is the complication due to the 2014 and 2015 corrections along with the additional accounting required by application of Monte Carlo and Black Shole's to the stock disposition. Throw in all the new business and development of additional products offered that require close accounting for new costs and profit assessment toward the final statement and you are looking at a lot of book keeping. Then add in the need to supply accurate and detailed information for potential buyer's or investors you are looking at a windfall for RRBB services.
You can bet the deed to the house, that Arryait management wants this done ASAP. They receive significant benefits when these financials are issued resulting in a tremendous amount of dollars needed for expansion and of course their own security in the future.
This is a no "brainer". Sure they love the work they are doing. but Arrayit is not a charity and I am sure they are looking forward to monetary rewards. Just jump on the bandwagon and enjoy the ride. Exciting isn't it?
Right on UV. why would you go thru a Monte Carlo and also Black Scholes procedure during the audit. It is expensive and for the same reason. That is like wearing suspenders and a belt. Answer is to reaffirm the numbers for any outsider interested in acquiring Arrayit and they have plenty of suitors sitting on the sidelines waiting to strike. This company will be worth Billions in a few years. Hang on for a wild ride up wards.
You may find it irritating but my contention these are directed to the customers, competitors and general public associated in diagnostic medical field. They don't have to sell to us we are stockholders and already invested in their company.We believe in them that is why we put our money om the line. Just think of a possible user of their diagnostic equipment reads that GE just purchased one of their units or some prestigious research company invests $50,000 to buy that equipment.The word spreads and a possible sale. Marketing 101. Free advertising. At the same time it appeases the stockholders by saying " Relax we are making sales and we are growing" Just wait until you see our financials and keep those tweets coming.
Again we have all kinds of speculations regarding sales, quotes,inquires, etc. It is very simple. Quotes are not sales but from a business aspect it shows activity and interest in your products. It is advertising and if a big blue chip company is requesting a quote why not publicize it. An order is a contract to buy your product not a sale A sale is recorded after you have shipped the item to the customer and it is billable item . All orders you have booked and not shipped is considered back log.
Quote -customer request for price .This is PR and advertising showing interest by consumers
A sale can be announced after customer places a purchase order. This is where confusion starts.
The real SALES are after you ship it out the door--doesn't have to be paid for but can be registered as a complete sale.It is a receivable but you can count toward sales for the year.Bottom line all these numbers are recorded in the financials and tell the story of the health of a company. Number of quotations, orders on hand. backlog etc--but number one is SALES Minus COSTS equal PROFIT
No need to publish it. You have apparently never signed an agreement with an accounting firm or you would know that . It is standard through out industry. Why should they publish it? It is a signed agreement between RRBB and ARYC.I have signed 40 of them over the time I owned my company. Not bull shit You either sign it or the accounting company will not deliver the financials. They want to keep their accounting credentials or they are out of business.
SK--Apparently a lot of our posters have a difficult time understanding that the filing and releasing of the financials is the responsibility of the accounting firm (RRBB) contracted by the company (ARYC). The SEC is notified of this situation and is kept informed of the filling status by RRBB. Stop beating on ARYC, the hold up is totally due to RRBB. When they are good and ready and satisfied that the financials are accurate and in compliance with all standard accounting procedures they will be submitted to the SEC and not a day sooner. Could they file sooner than later? Probably if RRBB put additional effort by assigning more personnel to the task.
End of story.
With all due respect you live in the US and can take legal action if you have any concerns about ARYC doing anything illegal. Should you have those concerns I would contact my attorney and file a legal complaint so you can be compensated for these illegal actions. If true you will gain much more than throwing away your money on this so called 'Turd: company. Good luck. I am betting on the 'Turd" company.
The reference site below is an interesting article that cites the amazing changes in the phone/computer world where need for lawyers and owning a car will be eliminated. Further into the article it references how medical diagnosis by computer/phone is more accurate than human diagnosis. Guess who provides that data? Here comes Arrayt with it's ultra accurate equipment that will be in demand for years to come. This will be a multi-billion dollar market. What a tremendous future.
Check out this link
https://www.liverostrum.com/an-interesting-talk-by-the-md-of-daimler-benz-a-bit-mind-blowing-really/1029036.html