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If they have over $10M in assets at the start of the year, they have to file the 10-K for the previous year within 120 days. with the SEC. 10-Ks must include audited financials.
They said in the tweet that it was for the allergy testing services, which is the IgE.
Food sensitivity IgG test has several competitors.
But the multiplex allergy IgE test for many allergens at once has no other competitor in the U.S market right now that I'm aware of.
Author is "nodummy". Good as gold. LOL
This "news" was written by "nodummy" in their blog. Very reliable source. LOL
Not Elizabeth Holmes. She's a con artist and is paying the price for the Theranos fiasco.
But Julia Cheek, the founder and CEO of Everlywell, is the type of CEO that Arrayit needs.
One thing, Everlywell doesn't develop any of their tests, they simply connect the consumer with an existing independent lab the has the test.
EVERLYWELL AFTER SHARK TANK
I doubt that Everlywell would use Arrayit to process its food sensitivity test, because it is a competitor to pinnertest.
Everlywell finger-prick food sensitivity test can be ordered from Amazon for $135
https://www.amazon.com/EverlyWell-Sensitivity-Responds-Different-Available/dp/B076QFSJM1
I couldn't find pinnertest on Amazon. If you type pinnertest, the Everlywell test comes up first.
Everlywell markets around 34 tests in addition to the food sensitivity test. The type of sample (finger-prick blood, urine, saliva, swabs) varies depending on the test.
https://www.everlywell.com/products/
One question: since there are other IgG food sensitivity tests in the market why is the plaintiff picking pinnertest for her action class lawsuit regarding the validity of IgG tests?
Actually added 998,612,696 shares.
As of April 7, 2015, just before the conversions began, there were 56,666,831 shares of common stock outstanding.
When the conversions/dilution finally stopped there were 1,055,279,527 shares issued and outstanding
Around 72 million
That's what I think too, that on the 24th the judge is not going to remove the restraining order forbidding Iconic from selling the 72M shares they were issued. The issuance of the shares is what the case is all about. It wouldn't make sense if Iconic is allowed to sell the shares and then Arrayit wins the lawsuit next year.
Ex-parte hearing in Iconic case is now re-scheduled for 9/24/19 at 8:30 am
(Iconic Holding LLCs ex parte application for an order releasing the reserve and removing all trading restrictions on the Arrayit stock transferred pursuant to the courts November 16 2018) filed by Arrayit Corporation).
Also, Motion Hearing (Civil) re-scheduled for 01/10/2020 at 09:00:00 AM at Central in C-67 Eddie C Sturgeon.
(Motion for Summary Judgment and/or Adjudication filed by Iconic Holdings LLC.)
This was intended as a joke, right?
Maybe this helps. (By the way Taub does not have the test)
The agreement was to transfer the test to Taub but the deal never came to a closing, so Arrayit didn't transfer the test. That's the dispute.
Taub filed for a motion for summary judgment. The judge denied the motion for breach of contract claim. Then Taub filed for a reconsideration. Now the judge has to rule on that.
If the judge denies it again, then the next step is a settlement or jury trial.
1. Arrayit never gave the test to Taub.
2. Taub thought the facts spoke for themselves and asked the court for summary judgement instead of trial
3. The judge told Taub not so fast - it's not so cut and dry in Taub's favor.
4. Arrayit has a case and may win at a trial. Taub gave the court its rationale and could not convince the judge. A jury will not be convinced either with the same facts
Right now Arrayit has the upper hand. And if the judge rules against Taub again even more so. If Taub feels he might lose in a trial, he would go the settlement route, maybe settle for just a little slice of the pie ( a few million shares?)
I think Arrayit wants it to go to trial thinking Taub will lose.
Taub telling the judge that the judge's reasoning for his prior decision was absurd will really sway the judge this time. LOL
That's if you take seriously an article penned by "nodummy"
In the article penned by "nodummy" I see the handiwork of the group that is actively attacking ARYC and Nielsen on social media. This group's actions are suspect.
Never mind NASDAQ. They should get to "Pink Current Information" first by posting un-audited fins on OTCMarkets. That would get rid of the current and ugly "Pink No information" Caveat emptor, Dark Defunct, Skull and bones label they have now.
This is misleading also.
This section of your post is misleading:
We'll have to see what the SEC does (if anything) with the form 15 Arrayit filed, whether the SEC looks the other way or enforces the letter of the 12(h) rule.
Since Arrayit is totally dark now, I don't know how we will find out.
What is it?
You say "If only there were a method in place for shareholders to see transparent financial disclosure. Someone should go ahead and invent that"
It's been invented already. SEC filings (audited fins), and if a company does not report anymore to the SEC after filing form 15 like Arrayit did, then the Alternative Reporting Standard at OTC Markets (un-audited fins).
Now Arrayit has to follow thru and file the un-audited fins on OTC Markets. But like the saying goes "you can lead a horse to water, but you can't make him drink"
We assume it's for non payment but we don't know for sure
The Taub lawsuit is not in California. It's in federal court, at the Southern District of New York.
Many companies that file form 15 go on to report un-audited financials on OTC Markets using the "Alternative Reporting Standard". The companies that do this reporting can become "Pink-Current information" this way.
If Arrayit does this, it would remove the ugly "Pink-Caveat Emptor, Dark defunct, skull and bones" designation they have now.
Mark has told people that Arrayit was current with their reports internally, meaning that the audits was what was keeping them from filing.
With the Alternative Reporting Standard, the fins don't have to be audited.
Arrayit should be encouraged to go this route.
ha,ha Because of Mark and Rene we've had to learn a lot of things we rather not.