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I think that is exactly what happened, and it is beyond disgusting.
JUST FOR THE SEC TO LISTEN TO A LIAR AND THEN DO THIS DRASTIC MEASURE of SEC Suspension of Trading based on a poster lying to the sec just shows how stupid the sec has become, agree?
No, he said "the collection device" has been FDA approved, not the COVID-19 test.
Say what? Who's talking about the statute of limitations. lolol.
No it was not!
Not quite. They will be investigating for the next 10 days. "During the ten day period, the SEC will not comment publicly on the status of the investigation."
"The SEC cannot forewarn investors about an upcoming suspension to protect the integrity of the investigation. If the suspension didn't end up occurring, a premature announcement would have had an unfair negative impact on existing investors."
"Once a security is suspended, shares cannot trade until the suspension is lifted or lapses. The suspension time is determined on a case-by-case basis."
https://www.investopedia.com/terms/s/suspended_trading.asp
That is simply NOT TRUE! The 1400 clinics were already in place well before anyone knew about the coronavirus. The company has been conducting allergy/asthma testing since October of 2018 and have been approved by Medicare and Medicare and health insurers. Arrayit had to PROVE ITSELF in order to be covered. There is nothing whatsoever wrong with what Paul Haje said either.
Good grief.
The SEC doesn't suspend stocks and file complaints due to statements made by posters on IHUB!
He didn't say it. The SEC's allegations are false.
The SEC has been hyper-vigilent about companies claiming to have a COVID-19 test because there has been so much fraud.
If you read the complaint, the allegations sound almost identical to statements made on this board, which were largely false and misleading.
They're not private, but if that is their goal, they would have to offer to BUY your shares.
He didn't say it was approved. The allegations are UNTRUE.
Right, the SEC is extra twitchy because of so many fraudsters out there claiming to have a COVID-19 test. The complaint's allegations are NOT TRUE. If IHub posters said things that weren't true, then that has nothing to do with the company.
Nothing was false in my opinion. Believe what you want.
The way I see it, the allegations are NOT TRUE. First, the company is under a Form 15 so it is not required to file anything now;
Second, "in light of the absense of any public disclosures by the company since 2015..." The company HAD BEEN tweeting just about everything, which is an acceptable form of communicating with shareholders according to the SEC, all of which is public disclosure. As to financials, well we all know that's why there's a CE attached to the stock.
Third, the company did not say it had an "approved" blood test. They said they were operating under the guidelines set forth by the FDA.
If this is a result of the posters on this board attacking the company, I have a very interested friend over at the SEC too. We shall see if this brings harm to the company.
Why anyone would laugh about this situation is SICK.
I know. How lucky are we? lol.
You betcha.
lol.
I love my shares.
Not sure what I'm supposed to "see."
OK, so where is the pump? There is NO pump. If you are talking about FACTS that posters generously share with this board, that's not a pump at all. That is called due diligence, and you should read ALL of it.
Well the thing is that ARYC has a COVID-19 test for antibodies/immunity, NOT A VACCINE. Vaccines are not their thing, although what they're doing may contribute to research as we work on the vaccine.
You know better than that. Arrayit's COVID-19 test identifies 12 specific proteins to detect ANTIBODIES, not active disease.
Determining who is IMMUNE to the coronavirus is going to help Americans get back to work.
Get it now?
Silence is golden. Keeps the loonies at bay.
I don’t think they would wear it on their shirt! It would be a personal certificate that would be their ticket back to work. Not sure if that would violate any HIPAA laws. In March the Department of Health & Human Services waived some of the rules due to the current crisis. Plus, the employee could waive his or her rights just to obtain a COVID-19 immunity certificate. The certificate would be along the same lines as the TSA security clearance, just different..
We shall see. Things are moving so fast.
Sunnyvale, May 20, 2019 (GLOBE NEWSWIRE) -- Arrayit Corporation (OTC: ARYC ), a life sciences and personalized medicine company, announces that its clinical laboratory has aced five consecutive rounds of diagnostic immunology proficiency testing (PT) spanning three fiscal years 2017-2019. Proficiency testing requires the precise and accurate measurement of immunoglobulin E (IgE), the cellular biomarkers associated with allergy and asthma and reported in the company’s allergy test reports. A proficiency testing leader ships blinded specimens to Arrayit for testing, and Arrayit tests the specimens and reports the results for scoring to the independent agency. Because the acceptable test range is narrow, acing five consecutive rounds of PT is extremely demanding and requires a high degree of testing accuracy. Outstanding PT scores are valuable commercially because they expedite reimbursement by Medicare, Medicaid and the top commercial payors.
https://apnews.com/Globe%20Newswire/edc326e9cc1ffa0c8ffa812828f1f945
And?
I have known teachers and engineers who deliver pizza for a living now.
Hi, I'm Ronald. I represent a company called Arrayit Corporation. Their amazing proprietary microarray technology will be playing a major role in defeating the coronavirus while helping our country get back on its feet. They will do this by rapidly testing individuals who may IMMUNE to the virus for one reason or the other, and if they are found to be IMMUNE, they will receive a certification to prove it to their employers in order to re-enter the workforce. The President of the company is Dr. Mark Schena, the "father" of microarray technology, and you may read all about his history with a simple Google search.
Are you interested participating in Arrayit's program?
An Arrayit distributor could live in a teepee. All he needs are his brains, a computer, a cellphone, a car, and a nice suit in case he has to make visits to the clinics.
Why wouldn't they trust him? It is a DISTRIBUTORSHIP and the terms are probably all set forth in certain agreements that have to be signed off on by all parties. From that website, just like ALL THE OTHERS, doctors and clinics can sign up for Arrayit's allergy and Covid-19 tests.
And if they don't trust them then they don't have to sign up. That's how life works.
If you don't trust your car dealer, go elsewhere.
I think Arrayit is going to be a BIG PLAYER in getting our poor country out of this mess by getting immune workers back into the workforce.
lol. You have to be kidding.
Hi Basil22...yes, things are heating up for ARYC. No ham or jellybeans over here today, no family, no chocolate bunnies, so this is what I'm doing, which is really weird on Easter Sunday. I am trying to be extra nice today though. :))
Do you even know what a distributor is? They are NOT "FUNDED." They get paid a commission on product or service sales that they work hard to generate.
Good grief people. Is anything ever GOOD?
There is NO REASON to assume this is a shady LLC! Many sales people and distributors work out of their homes with a website. He is simply getting new doctors and clinics to sign up with ARYC's COVID/Allergy testing services and Patient Data Solutions, just like the other 1400 (1401) are doing.
Those that you mentioned are NOT distributors. This particular distributor seems to be new and just now setting up. We should be wishing him Good Luck in helping to fight the beast that is ruining our universe.
Wrong state. See my link.
It's an active LLC in good standing with the Louisiana Secretary of State, formed on April 3, 2020. Nothing wrong with a new LLC getting on the bandwagon. It does seem crass, but that's what people do--take advantage of bad news like hurricanes and pandemics to make money.
https://coraweb.sos.la.gov/commercialsearch/CommercialSearchDetails.aspx?CharterID=1434425_1A8F7F1E08
Well, logic would tell me it's a distributor setting up shop. It doesn't really matter if it's an unknown company from Louisiana, does it? This is what it says at the bottom of the website:
"Cole Business Development LLC (Louisiana LLC) operates within a Master Services Agreement with Arrayit Corporation, Sunnyvale California for State Licensed, CLIA certified clinical testing services.Registrations of Federal, State Government and all properly licensed healthcare providers are provided through Arrayit Corporation partner Patient Data Solutions."
Thanks, Jeff. Looks like a new partnership or distributor with support services in mental health.
"HVP & affiliates fund, credential, facilitate, and manage behavior and mental health programs within safe, affordable hospital based platforms. Through our extensive sober communities throughout the Nation, HVP is commited to creating save addiction environments."
"Vertical integration in health services: theory and managerial implications. ... A vertically integrated health care system is an arrangement whereby a health care organization offers, either directly or through others, a broad range of patient care and support services."
(quick Googles)
But it IS operational at ARYC's 1400 already established network of doctors/clinics. This brand new website is still being updated and may not be ready for prime time. I don't think they will be wasting any time getting it up and running.
Hello? It’s already been happening under FDA guidelines, remember?
Updated today. “We intend to become the nation’s largest clearinghouse for workers to get back to work.” Plus new information on a certification similar to the TSA’s TWIC system. Holy smoky. ARYC is in it to win it!
https//antibodycovidtest.com/
Thank you for this. Love Paul Haje’s explanation, and I think Dr. Joshi should have mentioned how the test will help get our country up and running again...safely.