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Yes this is partly the reason why people are upset with ARYC, Jimmy Jackson.
That generic nonsensical canned response from Mark is a clear indication that ARYC is unable to get audited financials out (probably because there is no documentation) and Mark has decided to hide from irate shareholders.
Sad, true and depressing.
No tweets.
Does Mark have a headache and not show up to work?
Or is it another VIP tour day and ARYC has shut down?
Sad, true and depressing.
The bottom line is ARYC is making no progress in filing audited financials to become current.
Mark has not even appointed an auditor, two months after RRBB quit.
Something is very wrong.
Unless somebody can get Mark to tell folks why he is reluctant to file financials we are all screwed.
There is no "secret" plan.
Given the historic and continuing incompetence of the Schena clan, what we see is what we get.
Incompetence, sloth, unprofessionalism and perhaps major legal issues.
Sad, true and depressing.
I have recently been informed that pricing/reimbursement rates for tests through insurance is guided by what Medicare pays for a test.
The general rule of thumb is the insurance rate is 2 to 3 times more than the Medicare rate.
So - as someone has noted - if the Medicare reimbursement rate is $5 per allergy test, then the rate through insurance companies is at best $15 per test.
Of that amount ARYC might get 50%. That is about $7 to $8 a test.
So if ARYC has billed about $25 million over the last 4 weeks or so, ARYC's revenue is around $2 million per month, which is about $24 million per year.
Factor in costs and you can see why the allergy test will not be ARYC'S salvation given past levels of debt.
The hype needs to stop.
Sad, true and depressing.
I have to agree. Dx Solutions is a tiny essentially one man operation out of Arizona.
They are the major driver of business for ARYC, which is not a good sign.
Without them ARYC would be dead in the water regarding their allergy test product.
Sadly DxSolutions is desperate for anybody who will volunteer to sell this test for them.
I am disappointed with the caliber of the "sales force" representing ARYC.
Everything the Schena clan does is third rate and also ran.
The market knows it. Hence the stock price lags and buyers are drying up with every passing day.
The market is not dumb, it is not known for leaving a sure bet untouched.
Sad, true and progressively more depressing.
Not for 501(K) submissions.
LOL.
Even that is in doubt. The photo of Mark was of him standing next to the FDA sign OUTSIDE the FDA building.
Sad, true and depressing.
I don't think things are "warm and fuzzy" at ARYC.
I do agree about the FDA decision and I have noted that previously.
It is now slightly more than a year since Mark tweeted about his visit to the FDA in Washington DC and confidently proclaimed he was certain he would get FDA approval.
Like everything with ARYC, nothing ever comes to fruition.
Sad, true and depressing.
P.S. Should a small miracle occur and FDA approval is acquired you can be certain ARYC will trade in dollars, at least in the short run.
Del based on your two posts - thanks - it seems to me that if anything something went wrong - a delay(?)in share transfer - between Iconic and Avant's Transfer Agent.
During that delay in share transfer to Iconic AVDX'S share price had dropped to 0.37 cents and resulted in Iconic only collecting $528K from the sale, which was less than the $780K that they were owed.
So looks to me like ARYC is in the clear.
Why drag this out.
Unbelievable.
I don't think the billed amounts are entirely fake, although they maybe inflated, - double counting etc. - like everything ARYC reports via tweets.
There are two things I find seriously worrisome.
1) If the technology is truly revolutionary as many claim, why in all these months has not a single notable industry analyst put out a report on ARYC? After all if largely unsophisticated penny traders have found ARYC why hasn't a Wall Street analyst?
2) Even with the CE moniker it defies credulity that enough people aren't scooping up shares so the price is in an up trend, rather than a down trend.
I suspect the smart money has made two inferences.
1) the technology is not all that unique and competition is around the corner.
2) financials will not be forthcoming for a long time.
Sad, true and depressing.
Great, thanks.
The selling of ARYC shares continues to outnumber the buys by an almost 4 to 1 margin.
Somebody is stealthily and expertly unloading huge chunks of shares.
What the hell is Mark and gang doing?
Oh wait: they are providing VIP tours to supposed VIP shareholders.
Unbelievable.
Sad, true and depressing.
The following passage from Iconic's filing is easily provable:
".... the proceeds from the sale did not extinguish Arrayit’s outstanding debt obligation."
Being a toxic lender surely Iconic has the paperwork to show the amounts of shares sold of Avant and on what dates and for how much. If the amount recouped from AVDX share sales was less than the value of the loan to ARYC, then ARYC would either give them an equivalent amount of ARYC shares or make a cash settlement for the amount owed.
I am not sure why this case is being continued and prolonged by the judge.
Something does not add up.
Sad, true and depressing.
I know more about ARYC than you will in 10 lifetimes.
The reality is ARYC has a small window of time to succeed.
That window is closing fast because of sloth and incompetence on the part of management.
The competition is already here. They are bigger, better financed and have competent professional management.
Sad, true and depressing.
As a relative newbie I can understand your excitement about the mention of the "submission" of a $5,000,000 strategic investment proposal by ARYC'S slimy shifty management in July of 2018.
You should know that over the years ARYC has tweeted lots of such submissions.
Not one damn one has ever come to fruition.
If you don't believe me ask the scrupulously honest resident board historian Mikecr.
Sad, true and horribly depressing.
Even the sequence of daily tweets from ARYC has become boring and formulaic.
To wit: An opening tweet about some unverified billed amount for allergy tests. It is then followed by two clinic enrollments every day. This in turn is followed by one or two consumables sales, a couple of invites to conferences that we know they never attend and ending with an endorsement of their fraudulent food allergy test called Pinnertest, by an unknown D grade celebrity or athlete.
Unbelievable.
Sad, true and depressing.
I cannot be 100% certain about this statement, but based on my DD there is zero evidence that ARYC is going to buy their warehouse location from their current landlord, as Mark had hinted in several recent emails.
Of course he has now gone completely silent under some nonsensical made up pretext of uplisting requirements to the NASDAQ.
Sad, true and depressing.
DSPG and ARBCO?
Apropos to my previous post, the fact that ARYC has yet to announce a new auditor to pick up where RRBB left off, should not be viewed as a positive.
There is no secret plan. It is as bad as it looks.
The reality is closer to the following scenario: Rene and Mark cannot produce verifiable financials that back up their internally "completed" financials. So they were unwilling to respond to RRBB'S requests for information to certify the financials.
Hence no new auditor can be appointed. They too will ask for the same information that Mark and gang will be unable to produce.
In fact this is why Mark has been reluctant to appoint outside independent Director's, and why the Schena clan continue to run ARYC like a mom and pop bodega after two decades.
What a sad, depressing turn of events.
The reality is - and this will be backed up by old timers - ARYC has NEVER surprised to the upside. They have always disappointed.
There is no reason to believe that anything has and will change.
So for instance while the daily billed amounts look large, IF ARYC ever produces SEC compliant audited financials you can bet the amount reported will be embarrassingly small.
Nothing these guys _ Mark and gang - say or CLAIM to be can be believed.
Sad, true and very depressing.
To be fair it isn't billed to one company. The billed amount refers to the total amount billed to all the companies that were billed the previous day.
So the additional $20 billion is possible because it could be a different group of companies.
Sad, true and depressing.
ARYC July 3rd tweet:
"Arrayit clinical sales team reports $701,925 billed for clinical testing services to top health benefits companies headquartered in USA and providing premium commercial health coverage to 1 in 3 Americans on aggregate annual revenues topping $320 billion"
Today's ARYC (July 19th) tweet:
"Arrayit clinical sales team reports $701,925 billed for clinical testing services to top health benefits companies HQ in the USA and providing premium commercial healthcare coverage to 175 million Americans on aggregate annual revenues topping $340 billion"
Wow very very problematic.
Sad, true and depressing.
Nonsense, not to the dollar.
Unbelievable.
Sad, true and depressing.
If the judge allows Iconic access to the 72 million shares and gives them permission to sell them, expect ARYC's share price to crater into sub penny territory.
Let's hope the judge denies Iconic access to the shares.
Sad, true and depressing.
If that is true, it is alarming, because it is more than mere coincidence and points to potential fraudulent information being tweeted by ARYC.
Can you post the July 3rd tweet that shows the exact same amount billed as today.
TIA.
Sad, true and depressing.
Is it Hot Stock Alerts?
Sad, true and depressing.
I don't think Mark and Rene post here.
They might read the posts.
Remember some people think I am Taub.
Ridiculous and unbelievable.
Sad, true and depressing.
As I predicted yesterday, not a damn thing is happening after the ex-parte court meeting today.
Sad, true and depressing.
Thanks for re posting this ridiculous and laughable list.
More evidence of the devious slimy unprofessional management style of Mark and gang.
Is it any wonder these three - Mark, Rene and Todd - are reluctant to appoint outsiders to the board.
This "mom and pop" style operation after 25 years allows them to do all sorts of stuff that is most probably skirting the law.
Sad, true and depressing.
Wow looks like the Schena clan has snared another gullible bunch of shareholders.
All six employees are probably on vacation. Mark has prepared his special kool-aid blend that he will make them drink.
What a sad and depressing scenario.
"Arrayit marketing team warmly welcomes VIP shareholders Chris and his wife and Dwight A this afternoon to tour our facility, meet with management and explore our innovative finger stick healthcare tests for allergy and dietary wellness. Welcome to Arrayit!"
This POS stock is now sporting a market value of under $30 million and the volume is worse than abysmal.
Clearly the market thinks ARYC'S prospects grow dimmer by the day.
The collective wisdom of the market is rarely if ever wrong, but the wisdom of shareholders...Hmmmmm...
Sad, true and depressing.
Have to agree. All these ARYC committee's is just laughable nonsense.
In fact sometime ago there was a list of the all the ridiculous committee names that Mark and gang had come up with over the years.
Can you find it and repost it.
Sad, true and depressing.
As I have noted ARYC used to trade on the QX till 2016, but was forced to drop down to the pink sheets because the stock price fell below a penny and stayed there for more than year.
Now ARYC can ask to go back up to the QX, because the price has stayed above a penny a share for a year, but Mark does not want that because it would require ARYC to comply with SEC regulations to become current and file the delinquent audited financials.
Sad, true and depressing.
RRBB resigned as ARYC'S auditor on June 3rd of 2019.
A month and a half later ARYC has yet to appoint a new auditor.
This is a shocking dereliction of duty and a violation of management's fiduciary responsibility to shareholders.
Call and write Mark and Rene and tell them that we - greedy naive unsophisticated shareholders - are mad as hell and we won't put up with their shady devious and slimy behavior any further, and failing immediate appointment of a competent auditor we will file a class action law suit.
What a sad and depressing turn of events, even as the stock drifts inexorably into double zero territory.
That is the only logical explanation or else they would have been suspended by now by the SEC.
Also that explains why Mark is reluctant to up list ARYC to the OTCQB exchange where ARYC used to trade till 2016.
Sad, true and depressing.
Sadly the "market" does not care, because the "market" knows that ARYC'S share will be a pittance of that amount, probably as low as 10%.
Sad, true and depressing.
At the risk of repeating myself, let me reiterate that ARYC has ZERO plans to file financials any time soon, if ever.
In fact they don't have to file because they are de registered with the SEC and they trade on the pink sheets.
Ask yourself this: Why doesn't Mark upload back up to the OTCQB which is where ARYC used to be listed till 2016?
After all they have met the criteria for listing. ARYC'S stock price has remained above a penny for more than a year.
Answer: That would require that ARYC become current by filing with the SEC.
Sad, true and depressing.
Those who are hanging their hats on ARYC releasing financials after tomorrow's ex-parte court proceedings are going to be sorely disappointed.
You can take it to the bank.
Remember I know more about what is happening than any of you and have yet to be proven wrong.
Sad, true and depressing.
P.S. Even the "market" knows it. Look at the abysmal volume and the price which is now anchored at two cents.
To all newbies.
ARYC has been a public company since the early 2000's.
Since then they have tweeted about hundreds of potential business link ups.
Not a damn thing has ever come to fruition.
Sad, true and depressing.
This is at least two or three years old and not a damn thing has happened as usual.
Unbelievable.
Sad, true and disappointing.
P.S. This is when you used to call yourself Jimmy Jackson with a picture of Donald Trump as a profile. Remember?