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Janice, when Arrayit mentions in a PR about working with a MAJOR PHARMACY RETAIL CHAIN, one could consider that a BIG FAT HINT as to which MAJOR PHARMACY RETAIL CHAIN they are talking about, since the PRs usually go on to say how many locations nationwide, how many customers Arrayit would have access to, and its annual revenues, $50 BILLION for example. MORE HINTS! They do NOT disclose the name of the customer or potential customer for reasons known to Arrayit and the major retailer.
In addition to whatever NDAs may exist between the two companies, another reason may be to prevent CRAZY SHAREHOLDERS from burning up their customer and executive phone lines with consistent STUPID QUESTIONS.
Hope this helps.
I agree that is a real possibility. You know, Bada bing bada boom: DONE!
How much FUN would that be? :))
Would you kindly sticky this post of yours that I am replying to? It would save you a little time by not having to post multiple times a day about ARYC's delinquent financials. Also, if you could sticky one of the posts from the medical billing person who has worked in the field for 25 years, it would be appreciated. He works hard, too. TIA.
Makes no difference. The SEC needs audited annual reports and reviewed quarterlies.
No one ever claimed they were, but there have been hints and it could be just a matter of time.
There is nothing sad about it.
ir·rel·e·vant
/?'rel?v?nt/
adjective
not connected with or relevant to something.
So this is what you are saying about the $17.5+ million billed in 4 weeks?? That FACT is "Not connected with or relevant to something."
OK, sure, right, correct. lolol.
No, I said NO such ridiculous thing. You need to do your homework.
Good grief, Janice. RRBB did plenty of work (and yes, they were very close! And NO, they did not make this up):
January 11, 2019
Arrayit financial team completes 2018 inventory observation site visit this week at our Silicon Valley California USA headquarters with Prime Global independent auditing firm Rosenberg Rich Baker Berman & Company RRBB headquartered Somerset New Jersey USA (link: www.rrbb.com) rrbb.com
Janice, of course an auditor signs off on his own audit! That is not how it works! It would be a matter of the two parties agreeing about what the predecessor auditor would provide to the new auditor as far as "WORKING PAPERS" and other information. You should thoroughly read what MikeCr has provided from the PCAOB. It is up to the auditors and the company to come to an agreement in writing as to how the entire process will be handled.
Again, do you not understand that this "raking in" is NEW so revenues received from their clinical lab services would not appear in ANY past filings. They may appear in Q2 2019 at the earliest, which quarter hasn't even ended yet.
LOL back. AS LONG AS IT TAKES.
No one, not even you, knows what percentage of the amounts billed will actually be paid to ARYC. Only time will tell, but I doubt it will be 10%-15%. The CMS.gov website has loads of information on CLIA clinical lab payments, but trying to decipher it all could drive a person insane.
YES there are, Janice; otherwise everything would be all hunky dory and current. You speak as if the SEC is some sort of supreme being and that ARYC has committed the crime of the century. Why not give them a break and wait for things to unfold?
There has been NO side-stepping of the audit issue! Just about everyone on this board KNOWS that the reason or reasons for the delays is/are UNKNOWN.
(I can't reply via PM)
Do you not understand that ARYC's doctor-prescribed clinical testing services covered by Medicare, Medicaid, and other insurance companies is a ALMOST A BRAND NEW THING, so exact dollar amounts paid will show up in their financials, as it should be. You should be very happy they are tweeting the amounts billed. They are STUNNING!
Just let it happen.
From HYS: $17,209,234 total sales/billing numbers from the past 4 weeks
It makes NO SENSE to believe they are making up these numbers. Plus, it's just weird and wrong to think Mark wishes to spend any time in the slammer.
That's true that there were no "reports issued," but that does not mean necessarily that no audit reports were completed (in whole or in part). If you think about it, the 8K was carefully worded to reflect the fact that all the work done by RRBB and ARYC was not a waste of over 2 1/2 years of time and expense on both sides.
MikeCr had done some research on this subject and found this: (thanks again Mike)
AU Section 315
Communications Between Predecessor and Successor Auditors
Quote:
This section provides guidance on communications between predecessor and successor auditors when a change of auditors is in process or has taken place.
https://pcaobus.org/Standards/Archived/PreReorgStandards/Pages/AU315.aspx
We DO know that they were very, very close prior to and right up to 4/1/19 when it didn't happen. Believe it or not. All ARYC needs to do is find the right auditing firm that will accept RRBB's multi-year work and it's off to the races.
Wow. The mission continues to accelerate.
Catty: lol. I really don't "know so much." All I know is what everyone else knows (or should know if they have done their DD).
:))
Hi marianothis. Not really. It depends if the new auditor is willing and able to pick up where RRBB left off. They were very, very close to becoming current so one can only hope ARYC will find the right auditing firm to accept all the work done previously and get it done sooner rather than later.
Well, that is not going to happen. Those days are long gone. Sorry you missed out on the fun. Not to worry, there is much more fun coming right up! And shares are a big fat bargain. Lucky us!
I'm happy you are having such a good time. Keep on laughing!
Of course there are good reasons for the delays. And you have NO IDEA what is actually going on. The financials ARE coming. Relax.
That is so sad and depressing...don't do it again!
Congrats!
:))
So there ya go changing the subject again. You were insinuating that visitors should have a scientific background so that they could evaluate what ARYC does, and that is what I was replying to--that everything has already been evaluated and approved by the CDC (.gov) and other entities. Shareholders need no scientific background to visit the company!
Regarding your sudden change of subject: WE KNOW that ARYC has shown a loss years back and WE KNOW that their financials are delinquent. Seems you take every opportunity to say it!
I will remind you that the lack of money thing is why Mark decided to place more focus on clinical testing services rather than R & D for obvious reasons. Sort of sad, but necessary, and so far, it seems to me that it was a brilliant decision judging from the $18 + MILLIONS OF DOLLARS already billed in 4 weeks. We shall see the full picture when the fiings come out.
Oh c'mon. The CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC.gov) knows and has approved, and so have many other entities. Arrayit is a certified CLIA lab, and they have proven to be successful in ALL of their proficiency testing conducted by outside parties.
And among MANY other things, Arrayit completed a pilot program with a large retail chain. All test results were reviewed and approved by the company's Chief Medical Officer.
Do a little DD and you will better understand the company's plan, which, by the way, hasn't really changed and just needs to be completed.
And if the SEC was so displeased with Arrayit, they would have started proceedings years ago.
Yup. That happens.
I don't care how many you have followed. I stand by everything I have said. The bottom line is: You do NOT know because you CANNOT KNOW.
It is highly doubtful that you have been 100% correct on these "predictions" of yours.
Don't ya love it? What an opportunity!
Ha ha. So it's "possible they received a delinquency letter", yet the "SEC has been doing nothing at all". Huh??? Oh, maybe you mean they received a letter last year? Fact is, you do NOT KNOW.
I do not understand why you think you can speak to Arrayit's relationship with the SEC when you really have NO KNOWLEDGE whatsoever about what is going on behind closed doors at Arrayit. This isn't one of those fly-by-night companies dumping gazillions of shares into the market for profit or to buy a car wash or a pot plant. This is a reponsible company with responsible people doing the best they can to regain compliance, with the ultimate goal of being listed on the Nasdaq, which is really not as funny as some people think.
That's just not true. And you have NO IDEA whether or not ARYC has been in touch with the SEC regarding their plans. It would be my strong bet that they have. It's the only thing that makes sense.
lol. "I rest my case."
Janice, as you well know Arrayit is NOT Avant. The two companies are NOT related and are WORLDS apart on just about every level, and circumstances are SO NOT the same. And Avant did NOT try to file everything at once in order to regain compliance.
It makes no sense to believe that Arrayit will follow in Avant's footstep based on so little.
I know, it really IS funny.
Oooh....let me buy 500 shares at the ask so I can trick everyone into thinking that the price is higher/stable so I can continue dumping millions of more shares.
Well apparently Arrayit has decided that filing everything at the same time to become current is the best course for the company. This is not new news. I don't think the SEC cares as much as you think they do, and perhaps they KNOW all about the plan anyway.
Is there a point to these play-by-play declarations?
Last I knew it wasn't against the law to buy/sell 200, 500, or 5000 shares.
And it would sure be nice to see this going up and down by pennies instead of these ridiculous fractional 6 digit amounts.
And that's the beauty of it, isn't it?
See how lucky you are?
lol
Oh yeah, $16,558,174 in total sales/billing over the past month and growing every day. It's SO FLUFFY, I want to HUG my soft and fluffy shares.
If you don't believe those sales figures, then too bad so sad.
Agree with you, Jerry. But if they decided to stop the tweets and other communications, the whining and weeping and complaining would surely intensify. Yikes!
lol.