Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That’s very specific. Does anyone even know if a person becomes immune once they have had covid? Think the answer is no. A serological test can tell if someone had it regardless if they become immune or not.
“no evidence serological tests can show whether a person has immunity or no longer at risk of becoming reinfected.”
Thanks for the example. I get it but not quite the same situation. That was a fake press release. Here we’re talking about a bunch of yahoos on stock message boards and Twitter.
See this is where I have a problem - who are “some”. If it’s not the company can they be held responsible? Obviously if they are somehow orchestrating these posts they should be held accountable but I don’t believe they are. Just my opinion.
“One to many FDA approved posts might have done it. Some are still posting about FDA approved test on twitter.”
Exactly. Arrayit was guilty by association.
Not excusing lack of financials that are definitely on Arrayit but this seems a little flimsy in my opinion.
I thought this was interesting. It obviously doesn't change anything but look how specific these other recent suspensions are in comparison Arrayit's. Our's was the rather generic "information in the marketplace since at least March 2, 2020, claiming that ARYC developed an approved COVID-19 blood test."
Are we really going to rehash all of the bad events that happened over the past 10 years? That lawsuit is nothing new and has been discussed on this forum years ago.
In my mind, the crux of the issue comes down to whether one believes that PSA and crew were an extension of the company. Of course some outrageous claims have been made on iHub by some individuals but should the company be held responsible? I know some feel that Mark was somehow in cahoots with the pump gang in some sort of pump and dump scheme but I never personally believed it.
Some here had a vendetta plain and simple. I’m Not suggesting the company hasn’t done things wrong - they have - but in an effort to “get” some over zealous (criminal?) iHub posters a lot of innocent investors were harmed.
I know the suspension is to protect others so save me those responses.
You can always file a Freedom of Information Act request in an attempt to get this information.
A few months ago I mentioned in a post that I was working on an angle to get some info. That’s what I was referring to. I filed a FOIA request with the Centers for Medicare and Medicaid Services to see how much has been paid to Arrayit for the last 3 years. My initial request was acknowledged and was forwarded to the program office in San Francisco. I have a case # and pin to check the status but it is still open at this time.
It can take months to get if not longer
No idea. I don’t look at it daily but I assume it was yesterday or today.
Yeah Kraki posted that earlier Mike. Great timing isn’t it? :)
Thank you for this Kraki. Good news albeit a little too late! I'm afraid we're already going down a path and the course can be reversed. Hopefully they can pull a rabbit out of their a$$es and somehow right the ship.
thanks - that's exactly what I was trying to get at. From the SEC FAQ's - this makes it seem like OTC stocks just need to prove they are financially current and get a BD to agree. If delinquency wasn't a factor, then does this even apply? Sorry to beat a dead horse, just trying to figure out the path back to trading if that's even a possibility.
On the notice they give a persons name and phone # - why not call Jason Lee if you wanted to contact the SEC?
https://www.sec.gov/litigation/suspensions/2020/34-88623.pdf
If any broker, dealer or other person has any information that may relate to this matter, they should immediately contact Jason H. Lee, Assistant Regional Director, at (415) 705-2481, or Fitzann R. Reid, Senior Counsel, at (415) 705-2458.
Let me ask it a different way. If a stock is trading on the nasdaq National market and all financials up to date and trading was suspended due to some reason (covid claims) would they go to the gray market?
I was thinking about this very question. If it’s all a big ruse then obviously they should be shut down and all thrown in jail!
While I didn’t get allergy tested, i did take the Pinnertest and bought a product from their online store so I know they are/were some sort of legitimate enterprise.
Thanks - wasn't delinquency one of the factors? Maybe I'm reading too much into this first reason but it seems like that was one of the reasons no?
Question for those more familiar with the process. According to the suspension notice, trading was halted:
Someone posted earlier that even if they file before the end of the suspension (which I'm guessing is very improbable) it is still a 6-9 month process at a minimum. I have no reason to dispute that timing but I hope it can be quicker.
Thanks - if I am understanding this correctly then the company has no choice but to file some sort of financials in order to trade again.
Well I was just as surprised as the next person I suppose. I have never had a stock that was suspended so I'm not sure what to expect next. I just saw LunaTic's post and I subscribe to his thinking. I assume there is some sort of investigation that now commences. Best case, the SEC investigates, is satisfied and trading resumes as normal after 2 weeks. Worse case - well, we kind of know what happens.
I think some good can come from this situation as it forces (hopefully) the company to come clean on a range of long overdue things.
Trying to stay positive but need to do more research into this whole process.
I believe he’s referring to Arrayit’s CLIA license which is due to expire in a week or so.
And then goes on to say:
While the Arrayit test has not yet been reviewed by the FDA, the company is operating under FDA guidance.
According to its website, the FDA issued a policy on blood tests in March to allow “… developers to market their tests without prior FDA review if certain conditions outlined in the guidance document are met…” The FDA released a statement this week on its guidance surrounding blood tests, which can be found here.
What never stops? This isn’t bad news necessarily. Arrayit doesn’t have a rapid test as far as we know.
More news on the inaccuracy of the at home rapid response tests.
https://apple.news/A04uEuPnmRHCFQs_JgVDabg
Agreed. This by far to me is the most meaningful one identified to date. This isn’t a medical sales company trying to market a product. This is a large, legitimate clinic offering the test as a service to their patients. This is real.
My sarcasm didn’t come through apparently. Clearly this isn’t a scam. If it is, it is the most complicated scheme ever devised with countless players
Quite the elaborate scam! Ha ha
There’s a lot that I would like to know!
The pinner covid test is a nasal swap right? Maybe it shows up differently (sooner) in a blood test vs the swab. No idea. I’m still not convinced that Arrayit has anything to do with the pinner rapid covid test.
That’s actually a really well done website. I like it!
Sorry to be cryptic in my last post. Haven’t had too much time to post these days as work is keeping me very busy.
In terms of what’s in that section of that website, Arrayit is mentioned throughout so all the doubters who think this is just some sort of scheme are just plain wrong. If this is a scam it’s the most elaborate scam ever designed.
In the Q&A section there are some answers to questions I believe that were answered by Mark Schena not Marc Jablonski. The one that caught my interest was talking about the number of allergens tested. They talk about different Arrayit allergy test brands which is just further proof of what we already know. I always had a problem with trying to figure out why some supposed Arrayit tests only test for 120 allergens while others test for 180.
Anyway, nothing earth shattering but still helps paint the picture a bit more.
For those that watched one of the recent DX Allergy Solutions videos may have picked up that Marc actually provided the logon and password to the members section to their website. Some of the forms have been shared in the past but there are some interesting documents on there. Even the Q&A section on the portal provides some interesting insights.
I would prefer these views come from doctors, clinics, and ancillary medical sales folks. That could translate to actual sales at some point.
I think he's just being a pain on purpose or at least I hope so.
Come on - you need to learn to follow instructions. For a big state like CA, you need to add city, state, and zip code to your search.
You know that's not true - I shouldn't post this for you but here it is.
https://www.cms.gov/Regulations-and-Guidance/Legislation/CLIA/CLIA_Laboratory_Demographic_Information
CLIA Laboratory Demographic Information Report
Report Options
Lab Name: Arrayit State: CA City: Sunnyvale Zip Code: 94085 Application Type: ALL Lab Classification: Non CLIA-Exempt
Number of Labs: 1
Certificate / Application Type Name and Address / CLIA Number Telephone # Certificate Expiration Date Lab Testing Performed In
Registration
ARRAYIT CORPORATION
927 THOMPSON PL
SUNNYVALE, CA 94085
#05D2147467
(408) 744-1331 4/18/2020 Independent
Here’s another from USA Today this morning. FDA approves first covid blood test
https://www.usatoday.com/story/news/2020/04/02/fda-oks-first-coronavirus-blood-test-track-immunity-test-vaccines/5116281002/
Interesting article on covid 19 blood testing.
https://news.yahoo.com/antibody-tests-key-ending-covid-19-lockdowns-162305617.html
I don’t understand your issue with clinics only being able to access this site and the results. Allergy and Covid testing are clearly being marketed by the sales force to clinics. When I get a traditional blood test as part of my annual physical I don’t log into lab Corp to view the results. My doctor gets them and shares with me. Same concept here.
I saw this one before and I don’t believe this and Arrayit test. The new one available via tele med is from what I see. tele med is now covered by Medicare I believe so this is potentially very big.
To quote the every ancillary email I received- “telehealth is another hot seller”
This website has been up for a long time and is the portal to deliver allergy testing to clinics. Nothing shady about it.
Now they have a second diagnostic test available and clinics can access results via the same portal. Not sure what’s hard to understand.