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Exactly, great post.
After Feb 14 would be out of SEC compliance for delinquent filers. Therefore the entity needs to wait until they can file documents for the next filing period. That would be when all 2018 docs are ready for 10K. Which is not DURING the 1st quarter.
The LTS and Mark's recent email responses would all be false statements if they don't file by Feb 14 as they would then need to file at the END of 1st qtr.
that's the logic
ARYC has just 6 days left to file past due financials for Q3 2018, until Feb 14. Should they miss, next opportunity to file would be filing 10K 2018 and past years in April and the LTS forecast to Shareholders would be another missed estimate.
Some of us asked Mark point blank, is there a chance of missing the LTS timing for financials release? His response, NO.
next week could be HUGE...HUGE
tick tock tick tock
Could be just a few more cheap shopping days before financials announcement next week. Signs are pointing to investors finally seeing the documents.
Investors buy now and ride the wave. Or be left wondering why you didn't later on.
OR it could be one big sham. Put in a plug for you RH22.
This board and my own DD lead me to think they're coming. I'm all in!
Thinking Friday could be great PR day!
Oh man, I hope you are close to being right!
It would make life a little easier
Furthermore, the LTS stated financials "during 1st quarter", not at the "end" of quarter.
No reason it would be March.
Either before V day or they miss the LTS prediction.
My bets are before V day.
It's been building for a year now w RRBB, about to explode.
Should we see more volume and higher PPS tomorrow, can we reach 7s?
probably sales of equipment is due to company focus in being a healthcare business, not diagnostics as it were. would suppose more revenue from allergy and food intolerance testing streams nowadays.
probably not bad, they were in that biz for long enough w/o lots of success...healthcare is way bigger oppty for them.
Mark said they would be current by April and file 10K then.
Also said past financials would be submitted before 10K filing.
I understood all that to mean they need to file before Feb 14 (date provided by SEC, Mark did not state this date) to file past on time, separate from 10K 2018, and then file full 2018 in April, on time.
Which means they file before Feb 14 all past Ks and Qs.
I/his estimate could definitely prove wrong, but that's what was said.
Mark said to me they are not at chance of missing April 2018 10K deadline.
Put it all together
$$$
NEW TWEET:
Arrayit clinical sales team announces enrollment of a new top healthcare clinic in our Patient Data Solutions allergy testing portal providing on-line test kits, test reports and immunotherapy options for allergy and asthma doctors in Moultrie Georgia USA
Did some quick research on the clinic, which I believe is the one mentioned in Tweet. How many of these signed up will it take for the naysayers to believe? Fins are coming!
On August 1st of 2007 The Kirk Clinic opened it's doors to provide quality care to the families of Moultrie and Southwest Georgia. At that time The Kirk Clinic had one full-time Physician, one part-time Physician's Assistant, one nurse and one receptionist. Currently, The Kirk Clinic has four full-time Physicians, two full-time Nurse Practitioners, one Physician's Assistant, and a Registered Nurse/Practice Manager. The physicians at The Kirk Clinic maintain privileges at Colquitt Regional Medical Center in Moultrie, Georgia. The Kirk Clinic is named in honor of James L. Kirk, II, who served on the Colquitt Regional Medical Center Hospital Authority from 1966-1995.
The Kirk Clinic is a Rural Health Clinic. A Rural Health Clinic (RHC) is a clinic located in a rural, medically under-served area in the United States. RHCs were established by the Rural Health Clinics Act (P.L. 95-210), (Section 1905 of the Social Security Act). The program was established to address an inadequate supply of physicians serving Medicare beneficiaries and Medicaid recipients in rural areas and to increase the utilization of non-physician practitioners. Like other medical providers, RHCs must provide certain services in order to qualify for the program. In addition, a RHC must employ a nurse practitioner (NP) or a physician assistant (PA) and have a NP, PA, or certified-nurse midwife available at least 50 percent of the time the RHC operates.
Q-Did Mark confirm if there will be a tweet prior to financials and if they would be in addition to biweekly PRs? Next PR is right around the 14th.
Below is the Feb 14 significance for those not aware.
2019 Financial Statements Staleness Dates
Financial statements are considered “stale” when they are too old to be used in a prospectus or proxy statement. If an
issuer’s financial statements have gone stale, the issuer must file the most recent required financial statements before
using a prospectus or proxy statement. The table below reflects the staleness date, or the last date such financial
statements may be used. For weekends and SEC holidays, the staleness date is the next business day.
Financial Statements Deadline 2019 Staleness Date
Third quarter 2018 financial statements for initial
public offerings, delinquent filers and loss
corporations
45 days after fiscal year end
February 14
Yes, that's what Mark said re subject. he's thinking same way
Not exactly, but 7 sounds right or can't be far off if not right. lots of 1099 employees.
frivolous per mgmt, not impediment to fins being released
that's why i went and met him face to face, i had my doubts. still have some, but confident it's the process working itself out, which should happen soon. i got tired of reading other's posts. had to see for myself
We are all here waiting for financials, no doubt. those that have made money are still waiting too.
i sat across from him and didn't get any impression he is swindling us. i got an impression this road has been rockier than he anticipated, business is harder than science for him, but he's feeling very secure in their current position, ready for the audit to complete, 2018 10K after in April and good vibes moving ahead.
that was my impression. i am no stock analyst, don't have knowledge to follow every step of science, but what i did get from the meeting made me walk away feeling good about my investment. I too expected fins in Summer, Fall and was very disappointed. My takeaway was be patient for a little while longer this QTR, the tree will bear fruits.
you wouldn't want to miss the boat would you, Spike?
Fins are coming, this quarter, don't assume past will repeat itself. they are on the verge of moving to higher ground.
not sure how big, but bigger and more reliable than the past. fins will be forthcoming. not another delay.
hang tight to make some money
i still have a problem believing in your estimates, after visiting. it didn't feel like a $1M weekly business, today. Financials may prove me wrong, but I'm hesitant to believe the numbers you're mentioning wo proving it on paper. Potentially, it could be big. Not Theranos big yet, it would require lots more heavy hitters on their side to get there...no evidence out there now to suggest they will get to same level. HOWEVER
they are a healthcare company now, per Mark. that resonated with me, still banging around in my head. they've separated from the Agilent and Illumina research world and headed to personalized medicine. this other direction brings lots of opportunities for them.
they will buy the building this year he said i think. something about the lab being impacted if they don't own the building. big plans are in the works.
To confirm, it is a real company, real lab, real tests, across from Apple. He's a real dude, not some charlatan like some ihub posters lead investors to believe.
i walked away thinking my investment was safe and soon to be more valuable with a little patience.
explanation i got was ARYC is far ahead in technology than other companies. testing is less invasive, does not require vials of blood, more blood = more tests for non-ARYC testing, also traditional requires skilled workers to administer blood, drop card in mail and wait less time than traditional (labcorp) testing.
ARYC = more allergy tests (up to 120 allergies) w initial blood prick, faster results, highly accurate
it doesn't seem like 8Ks will be released...he seemed confident they will be done this time and knows the importance of getting them out there. it was interesting how he said he thought they would be farther along by now but that things take longer to happen and business is complicated. i got the feeling it's about to happen, finally, for us, and for them.
I didn't get that response when i asked about financials being released. I think RRBB is still working on them and he expects them any day.
not 24 hrs, machines were not running when i was there. he demo'd the process and walked me thru it. said the lab is used everyday, but it doesn't seem to be 24/7.
just to clarify
as you and other past visitors have said, they have PRs lined up to announce partnerships, just a few details left before they can announce them.
CE comes off once they get current w filings, will move up to mid tier OTC, eventually to NASDAQ. Said they need to be listed to progress the business, therefore high priority. have BOD possibilities and plan for adding independent members.
He said their testing scales to larger test quantities with automation and ability to test large batches in quick time plus the billing also enables high growth. he is expecting solid revenue growth this year, already seeing it he said.
said taub case totally frivolous and not an issue.
SEC provided guidance to release all past fins at one time
future seems bright
yep, call me impressed after visiting. Their testing tech is efficient, fast and reliable, from Mark. I can't comment exactly on it as I'm no scientist, but as you said, not many physical bodies in the lab, mostly automated processes with an ability to process allergy/food intolerance tests quickly in large quantities. Those seem to be the revenue focus now.
i found Mark to be pleasant and forthcoming with information.
He was responsive to all of my inquiries and engaged throughout.
I got the feeling that past financials are near being released and 2018 10K should be on time.
Exciting stuff!
GLTA
I was told one of the reasons things are progressing with major retail clients is the new billing system that's been rolled out, announced via PR. It was said this was a big deal holding up getting these deals done and now seems to be resolved, should continue to see more signups. over 300 clinics signed up since portal opened.
that's pure hogwash, wish it would stop being stated here.
This has been said before here on board. Fair enough, RM do happen, even in biotech, yes.
Also posted from the article:
The agreement marks the second time in two days a biotech has executed a reverse merger. These arrangements are used by struggling biotechs to recoup some value for shareholders, while offering private companies a quicker and cheaper way to go public than an IPO.
Is ARYC "struggling" as these other publicly traded firms were, prior to RM the article says. I'll hope to find out more later today when I visit.
Not sure if the context you're using is similar for these companies.
ok, so does it need to be PR'd each time...as in does the 8th get a reward to ARYC of any sort?
Is there a number of tests that need to be passed to achieve something?
Why PR if no big deal?
What is this event driving toward?
yes, afraid so. i was UP until now...been in since Dec 2016...bought along the way, $/ave got hurt by buying 1/3 of it in June at .06...now I'm even.
Bummed about it, even if I intend on holding
these must be the revenues mentioned with the new billing system...easy to implement and scaleable
yes, i know you were quoting. it's a game here. just takes a while to know who is playing which roles.
don't forget Apple giant spaceship HQ is across the street. I can hit a golf ball there! Probably not everyone can, but I'm a BIG hitter
I work for a large biotech client and they built an "employee center" complete with similar setup for health/fitness/wellness with doctors, in Bay Area. It's a trend for sure.
yep, good point. how does the Trump imposed government shutdown affect the filing? by SEC rule, they need to submit. a review could be impacted. but i don't see how it would affect ARYC from filing.
what about Mark's comment about a Tweet before the drop of financials or PR with financials announcement - is that no longer the plan, according to the latest available info?
I asked because it was reported that audits would be released all at once, including 2014-2017 10K and Q1-Q3 10Q for 2018 - i believe that is what has been stated here via email from Mark.
Trying to predict the release has been futile i know. But there is some madness to this, no doubt, we just don't know their plan.
Thanks Ace.
Thinking about timing of fins release, since your estimate is by Feb 14, and 10 days is assumed to submit docs to SEC, then we're talking Feb 4 to SEC...and we know PRs are every two weeks, next scheduled ones being Jan 14 and 28th and Feb 11.
It would need to fall on one of these dates to occur prior to V-day.
Thoughts on timing? I'll pose to the Q to Mark next week.