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Just like someone has been saying for year's that a sub penny stinky pinkie like ARYC had Blackrock as an investor.
Will wonders never cease.
Sad, true and depressing.
No. People who have business links with ARYC and they could be wrong.
Sad, true and depressing.
Even the prospect of the bi weekly PR is not enough to generate above average volume on a Friday.
Honestly Mark and gang are the antithesis of responsible management.
But then why should one be surprised.
The pink sheets are where you find this behavior in abundance.
Anybody who thinks NASDAQ is a goal of the Schena clan, needs to get a reality check.
NOTHING, ABSOLUTELY NOTHING THEY SAY CAN BE BELIEVED.
Sad, true and depressing.
I have heard two explanations of why ARYC continues to trade in spite of being severely delinquent with SEC mandated deadlines for submitting financials, from people who are far more knowledgeable about the inside workings of the Schena clan.
I have posted both earlier. In my opinion both of these two reasons is the likely reason ARYC continues to trade.
1) Recently (short term) ARYC has quietly de listed as an SEC registered company. After doing so they closed the audit process with RRBB, because pink sheet stocks that are not SEC registered companies have no requirement to file.
2) Over the years (long term) ARYC has not felt any obligation to file in spite of being SEC registered because of an exemption carved out in the Obama era law -JOBS Act - that provides an exemption to "emerging companies" from complying with onerous/expensive filing requirements as per Dodd Frank. Recall the audit was foisted on ARYC by Iconic. The Schena's did not want it.
As a result I have it on good authority that ARYC is in no rush to engage a new auditor and indeed to file financials.
Sad, true and depressing.
At this stage the only hope to boost volume and get the stock price into low double digits so folks can dump, is to initiate another elaborate pump.
If there is one thing the Schena's are good at, it is to initiate a good pump.
Keep your eyes and ears peeled for it.
Sad, true and depressing.
It is not indicative of a "quiet period". Rather it is indicative of a "hiding out period".
Apparently they have quietly de registered with the SEC so filing is not required.
Sad, true and depressing.
The market is speaking everyday in it's collective wisdom about ARYC'S future prospects and it is not good.
The volume alone suggests that all buying interest has evaporated and for all intents and purposes ARYC is dead money.
Mark makes no attempt to even make the effort to say "putting out financials is our top priority" like he used to say prior to RRBB'S departure.
No effort appears to be underway to find a replacement auditor, because rumor has it that ARYC has de registered with the SEC, and is absolved from filing with the SEC as a pink sheet stock.
This is all so sad, predictable and depressing.
It is interesting that members of this board who live in and around Sunnyvale and claim to be on first name basis with Mark - the president of ARYC - have not paid him a personal visit, since the debacle.
Where are these folks?
Are you afraid to find out the truth or are you now convinced that Mark will lie to your face, as I have been saying for years.
I have it on good authority that two people have been turned down for requested VIP tour visits.
This is all sad, predictable and depressing.
You have to wonder how long it took Mark, Rene and Todd to cook up the new worthless response that they now send everybody.
"We appreciate your ongoing support. In accordance with NASDAQ preparation, the requested information will be provided in formal regulatory filings. Please make sure to follow us on Twitter and check our our bi-weekly press releases. Thanks, Mark"
This particular one is actually quite alarming, because it leaves out any reference to 10K's, 10Q's and 8K's. Go back and check similar earlier responses and it is there.
This tells me that any attempt to go current has essentially been abandoned. Hence no attempt to appoint new auditors.
This is going from bad to worse.
Sad, true and depressing.
Mike I recall somebody posting the new date as November.
But maybe I am wrong.
This ex parte matter was requested by ARYC to ensure that Iconic does not attempt to sell the 72 million shares before the case is heard in November 2019 or later.
ARYC felt this necessary because of the court determined delay in hearing the case.
It is highly likely that the November hearing date might be moved to 2020.
The longer this remains unresolved the more is the probability ARYC'S price remains depressed.
Sad, true and depressing.
Is nobody else concerned that no information about a new auditor has been made by Mark and gang after all this time?
In fact Mark has essentially gone into hiding with no specific details and some nonsense about ARYC being seriously focused on uplifting to the Nasdaq.
Folks need to go physically to ARYC'S warehouse style location and find out what the hell is going on.
This is just unbelievable.
Sad, true and depressing.
Clearly somebody is systematically selling large blocks of shares on the billing related tweets.
It is difficult to see how this is a positive development.
In fact I cannot think of a single pink sheet penny stock that consistently reports such large dollar amounts and keeps going down.
Something really bad is going down and clearly things are not as they seem.
The market is not dumb.
Sad, true and depressing.
Mike thanks for the tweet chronology. Very helpful.
I wish they had 8K'd the submission to the FDA. It certainly would have enhanced the legitimacy of ARYC'S science.
At this stage the tweets appear not to be believed by the broader investing public.
It would be nice if they also submit OVaDx for FDA approval also.
Sad but true.
I've said this before and I will say it again.
The market is not dumb. If ARYC really has this huge potential that it is apparently executing on, there is zero chance the smart money would not have found it and pushed the price up significantly on heavy volume.
Something is very wrong here. I don't know what it is - well actually i do but I won't share yet - but find out we will.
Sad, true and depressing.
Mike good DD and a plausible scenario.
At least it appears more and more likely that the ARYC submission to the FDA for approval is the finger stick allergy test.
If that is the case why is it taking more than a year for FDA approval?
If the FDA has requested additional data as you conjecture, Mark would have had to put out an 8K to notify shareholders of this important material event.
Sadly like so many events in the past, I fear nothing will come to fruition.
Sad but true.
Have to disagree.
The post is all about absurd conspiracy theories between RRBB and ARYC.
Professional organizations like RRBB don't engage in this crap.
Unbelievable nonsense.
Sad< true and depressing.
Bottom line: Whether the email that Starlight "supposedly" received from Dan at RRBB is true of false, it is a fact that the timing of that letter and Mark's subsequent 8K announcing the resignation of RRBB is too close to be mere coincidence.
It is also worth noting that the huge sale of shares by Jason Neilson that tanked the stock price by 80% occurred after October 2018 - presumably when Renee Schena stopped responding to RRBB'S requests, per Starlight letter - and a month or so before Mark put out the 8K announcing RRBB's resignation.
Coincidence? or trading/selling on about to be released negative insider information?
Sad, true and depressing.
Below is shady slimy Mark's new "go to" email response to unsuspecting naive greedy shareholders.
It basically alleviates Mark from coming up with vaguely worded BS fluff emails about the release of financials.
To wit:
"Nice to hear from you. We appreciate your ongoing support. Please see our next press release currently scheduled for this Monday at 5:30 AM EST and the note from our regulatory team. Thanks, Mark
Arrayit has ambitious growth plans including listing on NASDAQ. In accordance with these increased regulatory requirements, all financial statements and information going forward will be made available through formal regulatory filings. 8-K, 10-K, 10-Q and other forms filed by Arrayit Corporation are available at sec.gov."
Old timers will appreciate the ridiculous lying use of the phrase "regulatory team".
How many different "teams" can a 6 or 7 person pipsqueak of a company have?
Moreover if they have 'ambitious" plans to list on Nasdaq, why hasn't Mark at a minimum named a single independent Director? You need two to list on Nasdaq.
This is all so shady devious and sickening.
Sad, true and depressing.
When I wrote the following
"Read the red highlighted words and phrases", I thought it was obvious that I highlighted it.
Unbelievable.
Mistake. Both TD and Fidelity says 455,000 and now it is 205,000.
45 million is absurd.
It is 455,000 not 45 million.
You say:
If that is the case, ARYC is obligated to notify shareholders. Surely this is a major material event.
But then again this is ARYC.
Sad, true and depressing.
The comparison could be with the Thermo Fisher test that you posted about.
It is similar but ARYC'S test appears to be a more efficient - less blood needed and more allergies tested for - test.
Hence my reference to 510(K).
Let's hope you are correct.
But given Mark's past track record I have a feeling I am on the right track.
Plus it will provide the time necessary to wrap up the Taub and Iconic court cases.
Sad but true.
It normally takes 9 months at a the outside to get 510(K) approval.
Looks like another failure in the works.
Sad, true and depressing.
Now ask yourself why there is no volume and why the stock price has barely budged since the morning PR.
This is a complete disgrace.
Call Mark and tell him that we - long suffering greedy naive myopic shareholders - are mad as hell and we woun't take his lying and obfuscation any further.
Failing an immediate appointment of an auditor announced via an 8K, we will hire legal counsel and file a class action law suit.
Sad, true and depressing.
A portion of today's PR from ARYC/Mark.
"Electronic Medicare reimbursement is expected to significantly increase fiscal year 2019 and 2020 revenues and earnings, which will be reported in the company's upcoming audited financial statements."
This is classic Mark speak. Here he is telling us there will be no financials till at least March 31st 2020.
Read the red highlighted words and phrases.
Fiscal year 2019 ends on December 31, 2019. Audited means it is the 10K. The reporting deadline for a 10K is 90 days after the end of the quarter.
So what he is saying is ARYC will report the revenues and earnings on March 31st at the earliest.
Notice that is why there is absolutely no rush to appoint a new auditor. Also all the talk of upgrading to the NASDAQ is pure BS.
Mark is so devious it is sickening. I have been saying this for year's.
Nothing that is said can be believed.
Sorry for the bad news.
This is all so sad, predictable and depressing.
Where did you see that?
All I can say is SHI%!
The competition is coming closer.
Mark and gang need to move fast.
Unbelievable.
Sad but true.
P.S. I am forwarding this to Mark.
Mike thanks for your DD yesterday on my post yesterday. Very illuminating.
The passage below from your post today is difficult to explain. They - Thermo Fisher - must know about ARYC'S allergy test. After all they do have a business relationship with ARYC.
"ImmunoCAP ISAC is the only in vitro diagnostic test for simultaneous measurement of specific IgE antibodies to a broad spectrum of allergen components"
Any thoughts?
Back in 2017, some of the old timers may recall Mark tweeting about two contracts for $27 million and another for $21 million spread over three years.
Was that a lie?
Because if it wasn't, then even back in 2017 and 2018, revenues should have been substantially higher than earlier year's.
So why the hesitation to make those year's financials public, even if they are not audited. I hear that they are internally complete.
Sad, true and depressing.
One other nugget of information:
Contrary to posts here, ARYC'S finger stick allergy test is NOT AVAILABLE IN ANY CVS MINUTE CLINICS.
Sad but true.
Over the year's few have been as harsh a critic of Mark as me.
I am still flummoxed as to why he refuses to post the unaudited 2014 to 2107 financials which are internally complete. It will have no impact on the future prospects for ARYC, and indeed would enhance Mark's credibility and boost share prices.
Sad but true.
One other nugget of information:
ARYC maybe signing up more than ten clinics daily on their website, even though they report two per day via twitter.
Unbelievable but true.
It is an obscure provision in the Jobs Act. Don't have time to look for it. But I have confirmed it.
Sad but true.
Finger stick allergy tests using the IgE approach is not the exclusive preserve of ARYC, BUT to Mark's credit he has solved the big problem in this area, how to sell this reasonably expensive test in scale. ARYC is the first to get major insurance companies - including medicare and medicaid - to pay for the test.
By getting the CLIA lab certified for accuracy of tests he has essentially cracked open this huge market as a source of major revenues.
This first mover advantage will stand ARYC in good stead IF they can keep growing and not F&*% UP, like they have been won't to do in the past.
So yes in a year or less ARYC has the potential to go from ugly duckling status to swan. This is based on my DD, and remember I know more about goings on at ARYC than any of you.
Unbelievable but true.
In network reimbursement rates are as high as 45%. Out of network reimbursement rates are less than half that.
Sad but true.
Well reimbursement rates are certainly higher for in network relationships.
But most of ARYC'S billings are out of network and medicare/medicaid payments with much lower reimbursement rates.
Sad, true and depressing.
Another completely BS fluff tweet from Mark and gang at ARYC:
"Arrayit senior management reports invitation to one-on-one meetings with top institutional investors at the Capital Markets Conference June 27-28 2019 in Los Angeles California USA featuring top public healthcare companies and sponsored by Lond Capital"
They just keep tweeting about these invitations with different capital market firms and they either don't attend or nothing ever comes of it, because ARYC has ZERO institutional investors.
Sad, true and depressing.