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Things have gotten quiet again here. Gonna load a few more today if we dip a little and then wait patiently for more news.
$FLPC
The way I read that, their opinion was that for 2013 and 2014, Arrayit was in compliance with all accounting principles generally accepted in the United States
"In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Arrayit Corporation and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. "
All penny stocks are speculative and have some risk.
We know the risks and balance them with all the exciting things going on here.
THere is enough positive here and the company has said that there is an audit in progress.
Actually compared to most pennies this is about as real as it gets.
Real address
Real products
Real revenues
Real profits
Real increase in share price
No scam here.
$ARYC
Hey Doc, I've been here for a couple of months and there are a lot of good folks who have done a ton of DD here!
I usually give extra weight to information from Deisurfer and MikeCR because they seem to have been around here the longest and have a level headed approach. They point out both the good and the bad and have a healthy amount of skepticism.
Good Luck!
$ARYC
That makes no sense. At some point increased revenues will get reflected in the share price.
$UBQU
Penny stocks are all speculation bro. New things going on in the tech sector means the possibility of new revenues and higher profits. It gives us another avenue to make $$$$.
I'm excited to see what their Tech sector idea is.
I understand the disappointment but I'd say the lack of name change has actually changed things for the better. Now we have tech sector possibilities along with HempLife. Added revenue avenues equals more profits.
Interesting. It keeps adding html code
Maybe this will work
Just cut and paste the URL if you want to see it:
http://rivesjournal.com/arrayit-corp-aryc-stepping-into-the-trading-studio/198348/
Try this link instead
Arrayit corp - ARYC - stepping into the trading studio
Any other TD Ameritrade users have trouble trading today?
I was trying to buy more ARYC and sell another position and their site wouldn't let me. I tried calling but I was on hold for 35 minutes before they hung up on me.
Very frustrating.
Well said!
$UBQU
Either way the Hemp revenues are still there so the Tech revenues would just be additional.
This is a win / win as far as I'm concerned.
Yeah but name change would have limited them and their new opportunities in the tech sector are the new catalyst.
$UBQU
THey are pursuing new opportunities in the Tech Sector as well as staying with HempLife:
"The company had previously announced that it was working on a name and symbol change in order to reflect the Company as being solely in the Hemp sector. However, after recent developments and several emerging new opportunities in the Technology Sector, and related to the Company's internal marketing and technology platforms, the Board of Directors has made the decision that the current, and more broader appeal, of the name Ubiquitech Software Corp. will fit more closely, and better serve the Company and shareholders as the Company expands.
The company continues to expand its HempLife Today subsidiary, and looks to better leverage its software, and processes, into other profitable industry segments, this making Ubiquitech (UBQU), a stronger and more profitable Company moving forward."
Great summary!
$UBQU
You think this is going to .03, huh? I doubt it will get that high in the near term but it will definitely bounce back from today's losses.
$UBQU
Yeah, same here. I bought some based on the chart pattern so I came here hoping for more insight into what's going on here and was surprised it was so quiet.
$VATE
The way VATE is moving the last couple of days, this place should be hopping with excitement.
What's going on here?
Seriously, hello?!?!
$VATE
Ok, I take that back! lol
I still think this will move north soon but not feeling the explosion.
$FLPC
Pretty quiet here for a stock that's on the run!?
Where is everyone?
FLPC feels primed and ready to blow at any moment!
I don't usually make these kinds of comments and I'm not sure what it is and maybe I'm off but it feels like pressure building and an explosion is about to happen here.
$FLPC
Caveat, I appreciate much of the information you share and that you have a different perspective than others here. However, the fact that you are always sowing seeds of doubt while the share price continues to rise tells me that you might be a little off here.
$FLPC
That is definitely rough. I guess my point is that at this point we all want the same thing, for the company to get current in their filings. Without that, you can't trade, and the stock will go back to .0001 so were all out of luck.
Again we aren't dealing with regular big board companies here so you are comparing apples and oranges. This is the OTC. Many companies on the OTC are delinquent in their reporting.
We all know the risks and how the OTC works.
$FLPC
I hear you Pitman and I know it's frustrating but I'm not sure what good it would have done. It's not like he knew they were halting trading before they did it. After the fact it would only have made you upset earlier but I'm guessing you wouldn't have cared much since the stock was pretty worthless for the past two years anyway.
It's only because they are generating some new life that it's a problem.
$FLPC
Let's be clear here. Even if the company knew about the situation in Canada, they weren't in a position to do anything about it. It's not like they were keeping up to date in the US and just forgetting to stay current in Canada The fact is that they didn't file anything for 2 years, for Canada or the US and the share price fell to nothing in relation to that.
Now that they are getting their act together, there is hope that Canada will allow trading again in the future. However, first they need to get current here in the US. Without that, nothing happens. So let's support them in that rather than just crying about Canada. Is this a tough pill to swallow for Canadians? Of course! However, there isn't much that can be done until they get things going again here in the US. If that happens then Canadians have a chance that trading will start again for them.
You do realize that this is the OTC and not the big boards? Right?
I'd say a significant portion of pink sheet stocks like these are behind on their filings. Many way deeper in than FLPC.
The fact that they are communicating again and are trying to get things in order alone is above and beyond what about 70% of OTC board companies do.
$FLPC
I think most traders, no matter where they live, know the risks of trading a company that is out of date with their financial filings. It seems like you are implying that Canadians aren't smart enough to know that. It's not that I don't empathize and that I wouldn't be upset if it stopped trading here, but I certainly know the risks, and I'm willing to take them.
$FLPC
I feel bad for you Canadians but yelling and screaming about it in all caps every two minutes on a message board, as Pit is doing, isn't going to solve anything.
We all know the risks of investing in a company that isn't current. And especially if you live in Canada you should be even more aware since your regulations are much stricter.
$FLPC
Look, I know it sucks to be a canadian investor here at the moment but really, you're not helping yourself by yelling and screaming about it on a message board and the sooner the company gets the financials out, the closer you will be to having Canada open trading again. So quit yelling about it here and contact Bob and Don or your officials in Canada with their stricter rules.
$FLPC
So what you're saying is that this has been true since 2015 but since you all of a sudden realized it, now it should be their #1 priority?
Sorry Pitman, but it's going to take some time. Let them get their US ducks in a row first and then they can work on getting Canada in order.
$FLPC
Trying to scare people off eh?
What is your take on that message?
Obviously we've heard similar stories in the past but that actually sounds really promising to me even though things always take longer than the original plan, at least there is a plan.
I don't think anyone here is expecting fencemaker to open for mining again tomorrow. It's great that they are going to process and sell the ore they already mined. That will generate some resources to help with opening fencemaker.
$FLPC
THanks for sharing that! I had totally forgot about that piece of the puzzle. Just one more reason to like this.
$FLPC
CaveatEmperor, I agree with a lot of what you're saying. One caveat though ;) , this is penny land, not the big boards. Many companies here are just fronts and don't have anything to offer. People buy based on hype. The fact that FLPC even owns a mine and is going to be reporting again is a step up from many OTC stocks.
$FLPC
I agree that it's going to take some time but this is all about speculation and possibilities and there is a lot to be hopeful about now, that didn't exist a couple of weeks ago.
You might have a negative prediction about how it will all turn out but many have a more positive view. For the time being it doesn't matter who is right or wrong, this will go up on the continued news that things are moving in the right direction.
$FLPC
Same here. THis place just isn't the same without him. Most posts don't have anything to do with charts, candlestick patterns or technical analysis. Just a lot of pump.
I wouldn't expect too much from the filings but the fact that they are filing again, in and of itself, is a huge deal. Mining stocks are all speculation. They have assets in Fencemaker and the opportunity, if all goes right, to have a working antimony mine.
That's not happening right now though so it's not like they will be showing profits.
For the past couple of years this company has been pretty much dead, now there is the possibility for a future.
I'm not sure why people can't seem to grasp what you're saying but I got ya.
It's trading fine with American brokers but Canadian brokers aren't able to trade FLPC. Or at least TD Ameritrade in Canada can't. Canada is much stricter with their trading laws.