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Thanks r2g2. I wonder if the SEC checked into its own Order regarding ARYC before it suspended them. lol. Nothing would surprise me. Who's on left?
"On March 25, 2020, the order was modified and superseded by a new SEC order (Release No. 34-88465), which provides conditional relief to public companies that are unable to timely comply with their filing obligations as a result of the novel coronavirus (“COVID-19”) outbreak (the “SEC Order”)."
None of those rumors came from Arrayit to support the SEC's allegation of fraud. And please don't bother. We have already discussed the who, whats, and whys of all of that.
Inadvertence/misunderstanding/synonyms/semantics, etc. No wrongdoing on the part of ARYC.
That is exactly what I believe too. Here are some SEC contacts from the top down (Jay Clayton is the Chairman/Commissioner). If anyone is so inclined, perhaps an URGENT note to Mr. Clayton and the others urging them to rescind or do a real investigation on ARYC would help in some way. It can't hurt to try. We've got a pandemic to KILL.
Chairman and Commissioners
Chairman Jay Clayton (202) 551-2100; chairmanoffice@sec.gov
Allison Herren Lee (202) 551-2800; CommissionerLee@sec.gov
Hester M. Peirce (202) 551-5080; CommissionerPeirce@sec.gov
Elad L. Roisman (202) 551-2700 CommissionerRoisman@sec.gov
That is interesting. Why didn’t the SEC bring up any specifics on what Arrayit did to deserve the suspension? That way the shareholders, whom they’re supposedly protecting, would have something to read in a a PR or an 8-K or from their website that would make us say: “Well, OK, that is fraud all right, so the suspension makes sense.” Instead they have given us no such thing, just vague innuendoes.
I know right? I have wondered about that too. Very strange timing.
You'd think. However, the Order came very quickly after the company said they had a COVID-19 test. That was what prompted the suspension. The SEC has been extra twitchy because of all the fraudulent companies trying to take advantage of the pandemic, and I truly believe they acted on hearsay reported to them by enemies of the company, rather than completing a true investigation. That's the only thing that makes sense to me.
But I could be insane.
Two years of audited financials would be required. We shall see, won't we?
No one, not even Einstein could figure out those prior years, so I doubt the SEC would insist on it. And yes, Arrayit IS special.
It's my opinion that ARYC was trying to move forward with 2 years of audited financials, which is acceptable under the SEC's Delinquent Filers Program, which was constructed for small companies like Arrayit having difficulties due to the constraints of Sarbanes-Oxley. I also read somewhere that they don't normally insist on anything prior to those 2 years because what would be the point.
Yup. Before the suspension as well. The SEC was fed with false claims of wrongdoing, probably incessently. That's what I believe.
I don't know anymore than anybody who has done their due diligence. Rene has better things to do with her time then spend it here. In fact, so do I.
The shareholder's ownership is still intact.
Well hello? A shareholder IS the owner of a company, the percentage of which is determined by the number of shares they hold.
Duh, we know this.
Why would I? Just more gibberish having nothing to do with the issues at hand.
If you believe that, you are sadly mistaken. Ask Illumina, Novartis, the USDA, the FDA, NIH, US Military, Pfizer, Johns Hopkins, CalTech, UMass Medical Center, Quest Diagnostics, Stanford University, Stephenson Cancer Center, etc., etc. all customers of Arrayit's.
Yeah, a real scam from day one.
No thank you.
I don't know. The PROOF is out there for the world to see. I do NOT believe the SEC did anything close to an "investigation."
Yes, I am hoping that all of that will be accomplished. Of course the best thing would be if the SEC rescinded the order for suspension. Stop laughing. :)
Yeah, just a tad suspicious for sure.
There were suspended because the SEC did NOT investigate; rather, because of being bombarded with untrue claims of fraud regarding their COVID-19 test, they jumped all over it in record time.
Exactly. That statement is NOT TRUE and can be PROVEN to be NOT TRUE.
This has NOTHING TO DO with the SEC suspension. No proof of anything criminal or any fraud.
Pending litigation has NOTHING to do with the SEC suspension.
As IF they checked or even care.
Yup, so far, no proof. Amazing, isn't it?
Don't show me pending court cases. Show me PROOF they did ANYTHING the SEC is accusing them of.
Well, I don't think PSA and crew were an extension of the company at all. They are simply enthusiastic and optimistic shareholders who believe in the company and have shared a great deal of DD with this board. Plus, I do NOT believe Dr. Schena would be involved in any such scheme. I mean, he has better things to do, doesn't he? Arrayit is his life; why would he take such a chance?
There is definitely something amiss here. Why continue the game when they finally got their big "win," the SEC suspension?
We are in the midst of a horrible pandemic and this is all a JOKE. I truly believe Arrayit has the technology to help KILL this monster and get our country (and maybe the world) back on track, but KILLING ARYC instead seems to be a priority. I mean, they are digging mass graves and storing dead bodies in refrigerated trucks, but trying to destory Arrayit is a priority and oh so funny. I am so sad.
Show me where they committed fraud. Your link points to pending litigation and has NOTHING to do with the SEC suspension.
Show me where Arrayit committed any FRAUD. The SEC's allegations are simply incorrect.
There was NO FRAUD. Period
One more time: ARYC said they have a COVID-19 test and that they had submitted said test to the FDA and were operating under FDA guidelines.
All of that is TRUE. The rest DID NOT come from the company.
lol. In the link you provided, Arrayit said yes, they have a COVID-19 test and yes, they are submitting it to the FDA and that they are operating under FDA guidelines, all of which is TRUE.
The rest of that stuff did NOT come from Arrayit.
I'm no complainer. I am simply asking for PROOF of all the negative poop being said on this board. So far, nothing.
That does not show me any FRAUD. Would love to see what you have.
OK, then show me a link where ARYC did anything fraudulent. You MUST have something.
Wrong. The words "approved" and "authorized" are synonyms. ARYC was authorized and approved by the FDA under their very own GUIDELINES to do what they have been doing.
AND to make this even more absurd, Arrayit NEVER, EVER ONCE said that their COVID-19 test was approved or authorized by the FDA anyway.
Wrong. They have NOT DILUTED in close to five years, long before the court said anything about it. If you believe me to be wrong, then please provide a link to prove what you are saying.
Show me the crime and how they committed fraud, please.
Show me the fraud please.
Show me a false claim please.