[Pennsy]

You and Webslinger are appreciated by this community, imo. Thanks for keeping us updated. Cheers!

[bar1080]

Excellent post Neotide. How many years behind was ARYC in audits? Three? I had heard it was more like five years. My son is a CPA for a Big Four auditing firm. I take audits very seriously. Audits are the essential element in financial analysis. I always begin my security analysis by looking at the quality of the auditor (from the PCAOB report) and by reading the CPA's certification. Preferably the auditor should be a Big Four or close to it.

Likely many investors here didn't demand reliable audits because they realized the company was blowing smoke and investors had to play along. They figured ignoring the missing audits was their only hope to suck in new victims and keep the house of cards upright. In that way, many shareholders were complicit in the fraud.

[Neotide]

I think that was a big part of the fraud

They had a respected CPA firm (or maybe two firms actually) that dropped them because Schena started out saying the audit delays were in their court. Shareholders were asking and then reached out to the CPA firm to confirm Schena's statements. Per his PR releases, he kept telling everyone that the audits would be coming so hold on even though the CPA firm was waiting for months for information that would never come. Of course the members of the gaslight community would white wash the audit deadlines. Schena was then pressured into admitting that ARYC was the reasons for the holdup. The CPA firms statements were given during the trial.

Then they release the dreaded "Shareholder Letter" that confirmed that the audited documents were coming. Even the day before the end of Q1 saying "We stand by the release of financial audits in Q1" Knowing that there was no way in hell they were coming. I think the reasons were two fold, they did not have the money for all of back years of audits that needed to be completed. And the results of the audits would have exposed all of the BS press releases and tweets about 240M manufacturing runs and similar statements.

So yes, that's long winded to say I agree they were not being honest.

So I think they painted themselves into a fraud corner with no way out. No money, bad results if you paid the money, and the ego that said you could not do either. All the while pumpers on these boards were going for the standard "Nothing to see here!" What's the big deal when you are billing 5 Million a week! Which of course now we know was a total fabrication as well. Then later blaming the SEC for taking so long to catch up (I actually am in that camp also for SEC being late, they should have put a stop to everything after they missed a quarter or two of not filing SEC financials. Not 3 years later. But I don't blame them for exposing the fraud. That needed to happen).

So IMHO, the case against Schena was a slam dunk. It ended up being that way because there was just so much darn evidence that was out in the public domain let alone what they uncovered by historic emails and by witness testimony.

[bar1080]

If they were honest, they'd have a respected_CPA firm do an audit. That would have caused the stock to soar more than the modest audit cost.

[WebSlinger]

<< I think their old building is occupied by someone else. >>

It is. See one of my recent posts.

[Neotide]

Yes that's my understanding

I don't think they can run a lab due to them submitting fraudulent documents about Dr Julie that got the original lab approved. I think their old building is occupied by someone else.

But I guess they would have an option to outsource a lab if they needed to. I would think that after the past couple of years everything they do moving forward would be under heavy scrutiny. But crazier things have happened out there.

[jrsh]

So do I understand this correctly.... they do not have a lab and/or a production facility and they do not have any physical office space.

It's a pure ghost company only present on the internet, right?

[rokkdatstock]

Schena is a “very dedicated guy”?? Let’s correct that. Schena and Jason are very dedicated criminals. Aryc was a ham handed scam. Believe the courts….or believe some enamored supporter. Hopefully he’s in jail soon. Then he can really be dedicated…

[Neotide]

OK best of luck

I'm not really versed on what happens to shares in this situation. I would think they are invalid now that they are not a public entity.

As for Schena, I don't believe he intended to get into this spot either. I think it was more he rode the red line thinking that most companies do the same thing. Then as the company struggled they kept on pushing and pushing with the SEC then the DOJ breathing down their neck. I'm sure he expected the FDA would approve his test and they did not which made the hole deeper and deeper. I do believe that he had an arrogance that would not allow him to come clean that the company was in trouble.

I don't think there's any way out for him now. The evidence was solid and he was unanimously convicted. IMHO it was simple for the DOJ to prove their case. He's been denied every appeal. And I believe they will turn down his next appeal to the 7th court. It would take and extraordinary event for them to even consider over turning what the jury has given. If there was ANYTHING that led to believe his innocence it should have been explored during trial, and of course it was not.

So I was never convinced there was some secret reason for them holding back the SEC documents nor do I believe there's something lurking that would somehow overturn a jury decision. I just think they make terrible decisions backed by arrogance when confronted with the truth. That's why I'm interested what Schena is going to say at his sentencing. If he alludes to the fact that he did nothing intentional and there's something out there that proves his innocence Davila will see him not being remorseful and will add additional time to his sentence. We will see how it goes in a few weeks.

But crazier things have happened. So I'll see how it all plays out. But I think Schena will long be in prison if there's any "new evidence" that comes to light.

[TravO]

You are correct I should have put in my opinion.

But to answer your questions

I met them on the tour. It was the only time I spoke face to face. I emailed and always received a timely response. Pretty amazing actually. Within hours at times. Very dedicated guy. I asked questions on tour and throughout emails. I concluded my own opinions based on them.

I also have reached out to companies involved and have some pretty interesting opinions based in my findings. I did a lot of research on this company before and after my investment. I still research Arrayit and look for any information available. More often than you think I can assure you. You would be surprised what you come across.

I do firmly believe this was not intentional by Schena. In time, if I am correct, you will see that as well. My opinions though. Not pumping. Don’t care if anyone has shares or not. I do. I will not sell, they will be taken from me. GLTA

[rokkdatstock]

Excellent post dealing with this convicted Aryc crime syndicate.

[Neotide]

Just a few questions.....

You say you don't know anyone at the company. Yet you say that they were on the verge of selling. How would you know this? That's not public information.
You talk about do we know what NDA's they have. Do you know? They are NDA's no one should know they even exist.

You have dismissed all of the legal action, and minimized what's to come. That's fine, just start putting IMHO behind your statements. Don't make it seem like you have some inside track.

As for the Taub case, I'm sure that info will come out when the NY court decides. Waiting for Schena has no bearing unless they settled and Taub agreed to wait to make the final info public. The last public docs stated they had a settlement filed and Rene pulled it at the last second before signing it. Taub was arguing enforcement as in NY you don't necessarily have to have it signed if there was an agreement. Let's see how it turns out.

Either way, make sure you state that these are your opinions only. If you are looking forward to what they are doing that's great, just expect some contrary opinions about what the company has done in the past so no one has a false sense of optimism. These are the types of things that have been going on this board for sometime now. Lots of puffery with no solid backup. Calls of being "negative". Dismissing of obvious and blatant infractions in the light of proven fraud.

This is not the SEC, DOJ or anyone else's sloppy decision. It's the people that broke the law and are now convicted. The public needs to be informed on the history moving forward so they can make an informed decision about doing any business with them.

So given what's out there, seems like there are a few that are looking forward to the company and what they are doing. That's OK, let's just make sure everyone has a fair picture of what they did.

[bar1080]

SEC still going after Covid scams

"SEC Charges Connecticut Resident with Fraudulent Statements in Press Releases
The Securities and Exchange Commission today filed charges against Michael Caridi, a resident of Greenwich, Connecticut, and a former director and officer of Tree of Knowledge International Corp. ("TOKI"), in connection with fraudulent press releases issued by the company that touted its ability to respond to the COVID-19 pandemic.

According to the SEC's complaint, filed in the United States District Court for the District of Connecticut, Caridi acting as Chairman of TOKI's board of directors, assisted TOKI, which had not previously been in the business of supplying Personal Protective Equipment ("PPE"), in issuing two press releases touting TOKI's successful pivot into being a PPE provider. However, the SEC's complaint alleges, the press releases did not inform the public that Caridi and TOKI had previously failed to deliver 3 million medical grade NIOSH certified N-95 masks to a Canadian hospital pursuant to a contract with that hospital. In addition, as alleged in the complaint, TOKI had an $11 million liability to the hospital, and Caridi had misappropriated over $1 million from the unperformed contract, which included amounts taken after he had already promised the hospital a refund that TOKI did not have the resources to pay. Within months after the press releases, the hospital sued TOKI and put the company's U.S. subsidiary into a receivership in Canada.

The SEC's complaint charges Caridi with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and, in the alternative, with aiding and abetting violations of Exchange Action Section 10(b) and Rule 10b-5(b) thereunder. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest thereon, civil penalties, an officer and director bar, and a penny stock bar.

The SEC's investigation was conducted by Rhonda L. Jung, Brian Kudon, Kenneth Gottlieb, Melissa Coppola, and Adam S. Grace, and the litigation will be led by Christopher M. Colorado and Ms. Jung, all of the New York Regional Office. The case is being supervised by Thomas P. Smith, Jr."

https://www.sec.gov/litigation/litreleases/lr-25847

[WebSlinger]

<< when they invite people to visit they must reside somewhere! >>

It looks like they are running the business out of their apartment at 524 E Weddell Dr in Sunnyvale, CA. I doubt that they are inviting anybody over. And if they need to have a meeting, they probably go down to the local Starbucks.

[WebSlinger]

I can't believe that you are still trying to pump this POS stinky-pink OTC stock that is basically worthless.

[jrsh]

Thanks, but when they invite people to visit they must reside somewhere! Or is this just another big fake???

Anybody has more info?

[WebSlinger]

<< Do they still have their certified lab and has anybody taken the chance to visit them lately? >>

ARYC no longer has the office / lab at 927 Thompson Place, Sunnyvale CA. A company called Covalent Metrology has taken over that location.

https://maps.app.goo.gl/cfHDMidFpG1bK24NA

[jrsh]

From their website :

Arrayit Corporation (ARYC) is a leading life sciences company specializing in microarray technology and located in the heart of Silicon Valley California. Conveniently situated between the San Francisco and San Jose airports, our headquarters is easily reached from all domestic and international locations. Please contact us by email at [e-mail] to schedule your visit.

Do they still have their certified lab and has anybody taken the chance to visit them lately?

[Meq]

I do, if it doesn’t who cares any!

[Meq]

Holding strong, who would sell at this point! I also agree with you! Good luck all!

[rokkdatstock]

Couldn’t be better. Schena is guilty and life is excellent

[Neotide]

Probably some fines, bars and probation?????

Wow. All EKRA related? I'm going to have to disagree here. Here's a recap: Schena was convicted of one count of conspiracy to commit health care fraud and conspiracy to commit wire fraud, two counts of health care fraud, one count of conspiracy to pay kickbacks, two counts of payment of kickbacks, and three counts of securities fraud. He faces a maximum penalty 20 years imprisonment for the conspiracy to commit health care fraud and conspiracy to commit wire fraud; 10 years of imprisonment for each count of health care fraud; five years imprisonment for conspiracy to pay kickbacks; 10 years imprisonment for each count of payment of kickbacks; and 20 years imprisonment for each count of securities fraud. That's 125 years max. U.S. District Judge Edward J. Davila will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Even taking the ERKA out of the equation you are looking at years in prison for the healthcare fraud, wire fraud and the SEC. So I'm guessing the with the guidelines you are looking at 15 years or so depending on the BOP report and Schena's statement of accountability. He will get less time for not having a record, and more time for being a leader of the conspiracy. He went to trial and lost. That will add time as well.

But speculate all you would like. Oct 16 will tell the tale. Let's see how it works out.

[TravO]

Well they seem to be going private. And they were on the verge of selling. So… what do you think that means…

Why so negative Nancy? You must not have any shares. Which aren’t cancelled by the way….

Have you looked at the new website lately? Seen the new products added to the shop? Have you been following the allergy segment? Do you know how many companies are selling it? Do you know what clinical trials their products are being used in? Have you seen the new distributors? Have you been keeping up with telechem? Do you know what they are involved in? Do you know who they have NDA’s with? Did you catch that the USDA food safety test is selling now?

Do you want me to keep going?

As far as your questions earlier.

No I am not related.
No I don’t know the family.
No I do not care if mark goes to jail, don’t want to see that happen, but it makes no difference.

His sentencing is gonna be a disappointment to many of you on this board. It’s all EKRA related. They switched laws and basically began an investigation immediately. Many labs got hit. This was a fun story because the relation to Holmes and her case. Probably some fines, bars and probation.

I do believe the SEC came after them due to the DOJ case. They did not seem to have a problem with zero filings until the DOJ stepped in. Then it was, “oh, whooopsies, you guys haven’t filed, shame on you, $50k should do it, move along”

NDA’s are a fickle business.

Ever ask yourself why the Taub case is still going? Bet it gets resolved pretty soon after the Schena sentencing. Then the news we are waiting for comes out. You like the new logo? Paying attention? Some are;)

You ever reach out to other companies that are in B2B partnerships with them? Some have ;)

So many questions. But, you don’t need to worry about any of them really. Since you clearly don’t have any shares…

Thank you for the back and forth I do enjoy it. Good luck to you in all your investments.

[WebSlinger]

<< Can’t wait to wrap this up. >>

Why? What are you expecting to happen? It sounds like you think that this stock is going to take off at some point.

[TravO]

Hey buddy!!! That took you longer than expected. Hope you are well. Can’t wait to wrap this up.

[rokkdatstock]

I love the ARYC defensive Kumbaya moments when the criminal schena is facing jailtime. He’s just another in a long line of guilty scammers. At least that’s what the court said. Lots of fun.

[Pennsy]

I must agree that this was beyond our control. Hard for me to wrap my head around Mark creating this entire situation that, he knew, would land him in prison. I, unknowingly, thought he was smarter than that. Alls well that ends well, imo. Life is good for us regardless of Mark's antics and freedom is the most important thing. I am hopeful you and your family are well and thriving on the farm. Cheers!

[HighYieldStocks]

I hope everybody´s fine here !!!

[TravO]

We shall ;) I can’t wait for all this to be over bud. I know you are mad. I know you are upset. I am too. But some shit is just out of our hands. Big picture. I don’t think this is over. Hope you still have some shares. Good luck to you in all your endeavors

[Pennsy]

Well, I have my own suspensions on different fraud that had occurred surrounding this ticker. With what the DOJ discovered, that opened the eyes of most of the disciples, perhaps there is more left to uncover when the SEC begins their case. We shall see.

[Neotide]

Do you have any connection to the people in the company?

You have pretty much stood behind them regardless. That makes me think that there's more to your decisions than just products. Either way that's fine, but it seems you have an unwavering loyalty.

And who told you that the SEC only made that move due to the DOJ. I think the SEC made the move first and opened the door to the DOJ. Then the DOJ jumped in after the Covid test lies. There's a big leap that goes from just SEC violations to criminal activity. It took a long time for them to build their case. For the people that don't have a connection there's a lot of lies and betrayal there that you must at least recognize. To minimize fraud and criminal activity should not be overlooked. Pointing the finger squarely on Schena is not correct. The rest were board/family members that let the activity go on and did nothing to stop it. To continue backing people that made those decisions is risky at best IMHO.

So you are looking forward to the future of the company. I think most have the bad taste of fraud in their mouths. I think it's hard to rationalize proven fraud and have it minimized like it was no big deal at all. That's kinda how all of this got started. Everyone that brought up an opinion that was not sunshine and rainbows about this company was gaslighted and dismissed as negative, having an agenda or worse. Maybe some of us just wanted the company to fly right and for them to live up to their obligation as a public company. To have the last 5 years swept under the rug and pinned on just Schena is not valid. There's lots of people that helped share in the fraud. The ones that were charged were convicted. And the others that put their heads in the sand were lucky they avoided prosecution.

So if after all that has happened you would like to support the company that's great. Just please understand that there's others that have zero trust and might not take a positive view about people who committed fraud as a public entity. And in addition the people that did not commit the fraud yet looked the other way.

[TravO]

I did. Bought the shit out of it. Company still active. Adding products to their online store still as well. Martinsky is back as Director. Looking forward to the future of the company.

[TravO]

Says the guy only posting here to talk about schena. Schena’s fate is not the same as the company’s.

I think the only reason the SEC did anything was because the DOJ case. So they had to save face. $50k fine seems pretty small for 5 plus years no filing. They seemed to be ok with it. They said multiple times they were in communication with SEC.

And yes I agree some officers don’t file. But like I said…. Where does it say that in the case…. Oh ya. It doesn’t

[Neotide]

I wouldn't either

I would think the SEC has all of the info on the ARYC trades and will be using that during the penalty phase in the Schena sentencing.

[bar1080]

Who buys a stock that's not audited? Certainly not me.

[Neotide]

Yes agreed

Seems if it took the SEC years to come down on ARYC after not filing financial docs then they might not catch up to stock sales at all. But after all of this turmoil I'm sure if they made any profits they were used on legal fees and the rest will be taken by court impost penalties and fines.

No one is buying the "Look away! Nothing to see here, all is great!" The hammer is still yet to drop on the felons for what they did. Should be interesting come Oct 16th

[WebSlinger]

<< Where did it show in the case Mark and family sold before the crash and made all their millions….? >>

Nobody cares.

This POS penny stock is worthless.

Mark Schena has been found guilty.

Move on with your life....

[WebSlinger]

<< You have to file with the SEC. So if any of the family/board did so it should be recorded. >>

That is technically correct, but unfortunately many officers don't file, and the SEC doesn't do anything most of the time.

For example, the Scumbag CEO of KBLB didn't file for over 10+ years (and he sold over 100 MILLION shares during that timeframe).

[Neotide]

I think to sell shares as an officer of a company

You have to file with the SEC. So if any of the family/board did so it should be recorded. If they were just acquaintances then they might have flown under the radar. I don't think millions of dollars in transactions would have gone unnoticed by the SEC. I'm not really sure how far they check on this but I really think if the family cashed out the SEC would be hot on their tail for insider trading.

Jason Nielsen got busted for trying to manipulate the stock. He got caught and paid the price. We will all see what Schena's fines and restitution will be. According to the court docs Paul Haje had to pay back like 600K or something like that. I'm expecting much more will be coming to Schena but will will all see Oct 16 what it will look like. It's not going to be pretty that's for sure.

[TravO]

Lol am I Rene… u funny

Where did it show in the case Mark and family sold before the crash and made all their millions….?

[TravO]

Well it’s true… where does it say any of them sold shares and profited from the increase… ? I’ll wait

[WebSlinger]

Are you still defending this POS penny stock?

Are you Rene?

[TravO]

“All I know is ppl in the inner circle cashed in because they knew that the filling was not gonna happen on that fateful Friday”

You mean you think?

Where does it show in the case that insiders or family members sold?