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I don't know. It is a mess.
Utterly irresponsible outcome here. ... and they were touting themselves as great guides to future businesses and entrepreneurs. Excuse me sir, isn't that egg on your face?
Email from Jim Kiles:
Sept 13-2019
YSTR ceased making financial filings with the SEC (by right) after Q3 2017 to focus resources on building company value in our business.
Yesterday the SEC suspended trading in our stock for 13 days while we make a Rule 15 filing that formalizes the earlier decision. This is underway. We determined this to be the most efficient path and path in the best interest of YSTR.
None of this has anything to do with the value we are building in YSTR and support for eventually capturing that value for shareholders, with whom management is aligned.
Thanks for your support.
Best,
jk
JEEES Tom
I hope everything is working out. That sounded pretty intense.
Sounds feasible but in any case, they played a game of chicken and lost. Or should I say 'we'? VERY unsettling!
Getting ready to rumble here. Next quarter will be a trampoline with lots of room to go higher
Think you have said it well. There has to be a reason for this behaviour, it is not random. And it seems whatever the real reason is, it is something that no one can know.
It is hard to concoct a scenario where such behaviours are in the best interests of the shareholders, however, this may be the case. The one factor that keeps me in this is that Mark is also a shareholder and stands to make millions if this is successful.
Good point, Sloan.
If nothing else, this whole mishigash highlights the need to get those fins done. It baffles the mind that they can't get them completed after all this time and all the money spent on auditors and so on. One can't help but feel it's linked with the Taub case in some way, or something else so nefarious that exposing it would jeoprardize the company's future.
What can the stumbling block possibly be, and if it were you or I running the store, what would we be advised to do differently?
Even if they were trying to cook the books in some way or other, it must be obvious by now that they can't, so what is possibly preventing them from biting the bullet and getting it worked out? They have to be vulnerable to something pretty awful.
It is obvious that it this was never a matter of just a broken abacus, but that they are fighting a battle to not have to do them, and trying to stay in a legal position where that can happen as long as possible... It might be a game of chicken. But obviously there is a hidden motive, and everyone has a speculation/opinion as to what they feel they have to hide... Whatever it is, lets hope it is a treasure that is worth protecting and not some dead rat that can stink up the enterprise to the point that they have to scuttle the whole thing.
In any case, the game is now in overtime and they are still standing. With no real insight, I am still holding for now, letting the mystery play out.
I have no claim to any logical explanation for the moves being made in this chess-game. And I am definitely not a lawyer. However, it seems within the realm of possibility that the timing of this last move (form 15) is interesting. We saw this happen on a Monday of a week they are (or were) headed to court. I can't help but sense that there is a connection between unfiled financials and these cases that appear to be nearing completion.
The other thing that I find curious is that they have struggled with submitting fins for the five last years and it sounded like they were within centimetres of getting them done before last April Fool's Day. If I remember the way that debacle unfolded (I get the irony and you don't need to bombard me with the 'liar' refrain) we were to assume there was some missing figure that they could not get their hands on, an unsettled issue that just couldn't be resolved due to something (possibly) 3 years or so old. Could this filing be a way to circumvent that issue and press the restart button?
Blind faith and Hope are obviously a naive basis for an investment strategy. That is not where I am going here. But as a semi-retired psychotherapist, I am interested in what motivates people to behave in unorthodox ways and always assume there is more to the story than meets the eye.
-
Wonder if the Hong Kong situation is a factor?
I wonder if we can collectively petition them to do a conference call?
That BIG IF around financials seems like the only show in town. Once the auditing is cleared up forget about a dime- this froggy leaps out of the swamp and will be dancing in Dollarland.
It's an old refrain.
HOWEVER, the likelihood of that happening before the whole company is shut down for non-compliance with the rules is the other IF that hangs over our heads. Based on past performance, sorry to say, the odds are about even that most of our hopes will croak as the company goes dark.
When they have an auditor they will announce it by PR or form 8-K. Since that has not happened, it is safe to assume that they are still without an auditor. In an email, Mark stated that getting current is a high priority... - I guess we'll just have to wait and see what the term 'high priority' means! (Probably shortly after the higher priority of a court settlement occurs.)
This is depressing and hope is dwindling as to ever seeing a resolution- but it still feels like there is too much to lose, or so it would seem.
This is really unsettling for longs like me, but I will hold for a happier day.
I think you hit the nail on the head.
Ticker change is nigh. Buckle your seatbelts.
Speculation is not the same as accurate knowing. Theories abound.
Seems like there is still a little transitioning going on- still no graph or price/ volume stats listed on iHub.... I wonder if they are firing on all cylinders regarding the Chinese market and the change in ticker etc. Maybe slowing down the flood of PRs people are alluding to.
Shovels should start hitting the ground before too terribly long and that will make this a happier investment. So far its a loser for me.
The problem here is not exactly that nobody knows the bottom line... That is assumed to be pretty healthy by most who have been around awhile. It is unlikely that they are not making money hand over fist.
The real problem is the lack of clarity about when and how delinquent financials are being dealt with. If there were a clear path or even some explanation of what the hold-up has been, the PPS would soar. The lingering uncertainty stemming from the inexcusable record of avoiding or postponing or downright ignoring of this issue has to be troubling to anyone who cares about their investments.
Still, call me a fool, but I am holding on, knowing that this cloud has to disperse sooner or later and once they get past that, there is a very deep blue sky above.
NOBODY in their right mind is selling today!
One day all this will be behind us and the path to multiples of the current low PPS will unfold before us. Don't lose heart!
Time is of the essence.
I don't think the fact that one can bill electronically implies any essential increase in payables by itself. Rather its the fact that it makes the program easier to use and streamlines billing, therefore making it more appealing to clinics and anyone using any EMR system. Being part of an electronic medical record billing system definetely stands a good chance of increasing the consumer base.
It's more the reference to 'upcoming audited financials' that I hope is accurate!
Crossing the penny-line is always a psychological boost. I am happy with 50% gains today and if it takes another day, so be it. Once we leave trips, tho, no going back!
One can only hope that this is somehow accurate-
(from this morning's PR)
It may sound a little cliche, but I am predicting some fireworks around the 4th of July.
Just saying it might happen, probably, could, you never know, signs are in place...
I am seeing no volume at all. Weird.
Thanks for reposting this. If I am ever on the Left Coast I will try to schedule a stop-in. However, I must admit that I find the recent setbacks with auditors more than a little troubling. I am sure I am not the only one who needs some reassurance that the SEC has at least as much patience as some of us longs because nobody wants to see this whole endeavor go up in smoke.
If anyone else is going to be meeting with or speaking with Mark or Rene, the NO.1 question to be asked is "WHAT IS ACTUALLY HAPPENING WITH REGARDS TO THE FINS?" Hell, I would start a petition if that would help!
If there were any certainty that the books were actually going to be audited and completed within an actual, verifiable time frame, this could be a $2 stock already!
Are you actually scheduling a visit?
Anyone have any idea when to expect Ticker Change?
Underwhelming volume here. Nothing to panic about.
The best days of this stock are yet to come- and I predict they will be worth the wait. (But that's just me.)
Not THE Catalina Wine Mixer? Holy Bait and Shift, Batman!
I still say we need to push for an investor's conference call.
Mark stated earlier that he would consider a conference call. We need to hold him to that.
Been through something like this before - can't remember how long it took to drop the D but it was not all that long. Once everything is settled we are bound to see PRs and some more accurate sense of what the base price is. For the short term it can be all over the place. I am optimistic to say the least.
This should be stickied
Maybe true your words, (although Yoda might be offended.)
The situation is what it is, and I doubt the situation is as simple or as nefarious as some would have you believe. My sense is that it would be prudent to petition a conference call for as soon as possible so that questions and concerns can be aired and Mark's feet can be held to the fire. He deserves an opportunity to defend himself before the torches and pitchforks come out.
How best might we organize that?
communication On Jun 3, 2019, at 2:48 PM
Dear Mark
I am an investor and have been in touch before.
We appreciate your support!
As with others, I share concerns that ARYC will truly be able to be current with financials by the end of this quarter. There are rumours circulating that the auditors are not being furnished with the numbers they need to complete their work. I worry that if there is yet another delay, the stock price will tumble and whatever credibility currently existing will be lost.
It would only make sense that you are concerned to finish the issue with financials and set a course for the NASDAQ. If there is any snag, would you be willing to entertain a shareholder's conference call?
We will provide an 8-K update on the audit as soon as possible, and yes we would entertain a conference call.
R G
“It is quite humorous how we view the cosmos, our world. We view it as if it were not the real world at all, but a world we could control.” Chogyam Trungpa
Good place to be as we approach ticker change territory. Have a nice break everyone!
Go for it Hugie!