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Yes, it’s not revenue until it’s distributed to the buyer and paid for.
Could be part this year and part next year.
Or whenever.
If they refine the product and make it substantially different/better than the original product, they can market it under a new name and/or trademark.
That way they would bypass any conflict with the old OvaDx.
Just my thought...
So, if the $240M tweet is correct, and we use that alone as their revenue, and their profit margin is 80% (as they have said)...
Profit would be $192M X 36 = $6.912B MC divided by 1.125B shares = $6 per share.
Correct me if I’m wrong...?
I suspect its from revenue from what they’ve been billing all summer.
Can’t prove it of course, just my opinion.
SEC Says Social Media OK for Company Announcements if Investors Are Alerted
FOR IMMEDIATE RELEASE
Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it. Today’s report clarifies that company communications made through social media channels could constitute selective disclosures and, therefore, require careful Regulation FD analysis.
https://www.sec.gov/news/press-release/2013-2013-51htm
You don't know that they haven't hired an auditor.
If that is the cost of their inventory, and they mark it up 80% profit, that would earn them $192M in revenue?
Sure...Mark Schena, Paul K. Haje and Todd Martinsky consulting on this one.
Sensitive Genotyping of Foodborne-Associated Human Noroviruses and Hepatitis A Virus Using an Array-Based Platform
https://doi.org/10.3390/s17092157
Posts 136167 and 136168
You’re welcome...
They're just getting their house in order before they go NASDAQ on us.
Fake news, fake drama... a nothingness that happens to appear on a message board.
No, it's not going to happen. It's not forming.
No need.
You think this is a fluff PR? How inane.
Go Arrayit!
World leader in food intolerance and allergy testing!!
Arrayit needs to hook up with these guys...One Medical. Maybe they already have...
https://www.cnbc.com/2019/07/28/one-medical-opening-primary-clinics-in-portland-and-atlanta.html
You don’t know they ignored anything.
Purely speculation on your part.
Same as my post.
To me it actually looks like there was some monkey business happening between Iconic and RRBB. Every time Arrayit was told they would be able to release fins some new documentation was suddenly needed.
Iconic did require Arrayit to use RRBB. I suspect the relationship between RRBB and Arrayit may not have been amicable.
I understand RRBB is considered to be an upstanding accounting firm...but why did it take so long to produce any results, if at all?
Just seems like there was some stalling and obfuscation going on.
Great DD, thanks for sharing...and we kind of already figured that, didn’t we?
Prove they aren't!
Ignorance at its finest...
Off topic...Fake news!
No, Arrayit doesn't have to agree to anything...Iconic is trying to steal 72 million shares.
Iconic has already been paid!
So, Iconic is asking Arrayit to manipulate their stock price...
Such is the stupidity and mindset of Iconic.
Arrayit can't even come close to agreeing to this... and it should have been thrown out by the judge.
There are no reassurances in the market.
Exactly the point! Arrayit hasn’t and they’re still included in “Egg Allergy Market Top Companies Players, Drivers, Highest Growing CAGR by 2025”
Bah ahah ahah ahah, LOL!
Pioneering authors Dr. Christopher T. Campbell, Dr. James L. Gulley, Dr. Oyindasola Oyelaran, Dr. James W. Hodge, Dr. Jeffrey Schlom, and Dr. Jeffrey C. Gildersleeve published a paper entitled “Serum Antibodies to Blood Group A Predict Survival on PROSTVAC-VF” in the 2013 edition of Clinical Cancer Research.
“ARRAYit technology offers the highest testing specificity and sensitivity on the market, which is increasingly allowing doctors to stratify their patients into responders, non-responders and adverse responders, a capability that is empowering safer and more efficacious treatment with life saving medicines.”
Re-read the tweets. They said “hope to”, “working on”, “goal is”, “anticipate” releasing financials by a certain time. They never once said they were absolutely releasing financials on a given date.
Hard to understand how people active on a stock forum can’t see “disclaimers” throughout their communications.
Sheesh...
Tweets are proof enough.
If not true, the company has committed blatant fraud.
Easy law suit and jail time.
SEC guidance recognizes all tweets by corporations as valid communication to shareholders/public.
There is no loophole for this.
SEC Says Social Media OK for Company Announcements if Investors Are Alerted
FOR IMMEDIATE RELEASE
2013-51
Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it. Today’s report clarifies that company communications made through social media channels could constitute selective disclosures and, therefore, require careful Regulation FD analysis.
https://www.sec.gov/news/press-release/2013-2013-51htm
That would be nice.
Still bag holding...
You have no way to substantiate anything you just stated.
Links please...
“Ex Parte scheduled for 07/18/2019 at 08:30:00 AM at Central in C-67 Eddie C Sturgeon.”
An ex parte decision is one decided by a judge without requiring all of the parties to the dispute to be present.
"The authors emphasize that, “By targeting treatment to likely responders, a predictive method can significantly improve clinical efficacy while simultaneously reducing health care costs.” ARRAYit technology offers the highest testing specificity and sensitivity on the market, which is increasingly allowing doctors to stratify their patients into responders, non-responders and adverse responders, a capability that is empowering safer and more efficacious treatment with life saving medicines."
He would have to divulge numbers to confirm how much they are actually growing and he can’t do that just yet. Not till they file fins.
And we will. As long as we continue to see allergy testing $ervice$ $ale$ and continued enrollments of new healthcare clinics in their Patient Data $olutions allergy testing portal.
And they’re showing us only a portion of their sales and enrollments.
Big revs this year...
I understand that possibility and include it in my DD.
Fact: not a single, confirmed lie. Not a single screenshot of any communication of a lie.
All alluding to possibilities. No more, no less.
It only seems like a lie when our hopes don’t come true.
DXSolutions alone could generate $900,000 in a six day week at $500 a test. Most clinics are open six days now.
I just don’t know what our cut would be. Even if it’s half, that would be somewhere around $1.8M a month!
RRBB could not get it done. Made all sorts of completion date promises to Mark and Renee and couldn't come through.
When it is proven false, he will be open to civil charges brought against him by RRBB and Dan Brown.
It didn't say it was going to be out this week for sure. It said it would be out as early as this week.
It's a simple decision, people.
Disbelieve Arrayit's tweets at your peril or disbelieve the fake email board post at your peril.
All Arrayit tweets are true until proven not!
If you think a fake email board post is “true until proven not”, then so are ALL of Arrayits’ tweets “true until proven not”!
You can’t have it both ways!
And they're tweeting only a partial amount of their sales! Just enough to let us know kind of what's going on. Love these huge sales!