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I wonder if shareholders have any recourse. I've had numerous communications with Schena that I relied on. Oh well.
Thanks. I only saw the Nielsen complaint before.
I'm not saying they Schena's are innocent of anything I'm really just looking for accurate info and not opinions. All I can find is the complaint against Nielsen but nothing else.
Nielsen is the only one charged. Schena or Arriyat not charged with anything.
I don't see anything that list Arrayit or Schena in the complaint. Looks like only Nielsen. Anyone else have additional info?
Got your PM, sorry I'm not a premium member and can't pm.
I agree with your source, I'm holding.........Bruins cover tonight?
You should do what you feel comfortable with. Me personally will not sell my shares and if it continues to drop I will add. I know the email is fake based on actual communications I have had.
Yes the delays are frustrating, but the real issue is you have great science and people running a company that love the science but have little accounting knowledge. You will get delays with this type of company but i expect to be rewarded in the long run. The upcoming 8K may or may not announce a new auditor, or it may actually just shed light onto the delay that was announced last quarter.
I agree. No CPA firm would ever discuss a client in the matter. They are required to be independent of the firm they are auditing and any investor/shareholder. Giving that type of response to a shareholder would never happen.
ARYC=load at these levels.
If anyone takes the time to actually calculate it out you will see that what he sold covers his cost 100% for all the shares he purchased. He now holds over 100m shares at no cost, sounds like smart investing to me.
This is still a long term accumulate and hold.
Yes, adding small blocks of 5/10K shares a day up until filing.
Don't listen to the noise here. This is a legit company with enormous revenue potential. There is no scam and no dilution. They missed their estimated filing date but they are close to filing. This is a long term accumulate and hold...
I'm buying too. Back at these levels is a huge accumulate opportunity. This has always been an accumulate and hold long.
Avant 12/31 10Q filed and as of today they current with filings. Arrayit is next, very soon........Holding for up-listing.
Monte Carlo is not for this.
I'm not here to argue with anyone. I'm a long time holder and plan to continue to hold. The long term potential here is enormous.
Arrayit owns almost 10% of the common stock of Avant. Avant is restructuring and the value of that is in flux. The Ownership of that stock is a Balance Sheet item that needs to be recorded in Arrayits filings. The value of the ownership is material and RRBB isn't going to just estimate it, they need confirmation.
2/14 is meaningless, it's for the filing of the 18 Qs. They are delinquent for past years as well. They will file the delinquent years and the 18Qs after Avant is current, which is close. After that they plan to file 18 10K on time.
Not true. Arrayit holds an asset that needs a value on their Balance Sheet. They need Avant to file so that they can value their holding.
Yes 2/14 is published but that is meaningless, the 2018 10K isn't due on 2/14.
Those 2/14 post are generally from people trying to piece together bits and pieces of info and are just being hopeful. In reality they are not going to file until Avant is 100% current. Avant is almost caught up now but as of today their 2018 10K is still outstanding. I understand they are very close but until then we won't see Arrayit file. Plus there is nothing that says 2/14 is a deadline for anything.
Holding my ARYC long and don't care what happens on 2/14.
Any estimate on the 3rd Q18 release date?
I wouldn't try to predict. They say they are filing all at once. As long as they file before the April deadline then I feel all is good here. As I have said I'll hold for that and add if it the PPS drops below a certain level.
Mike:
1)Does RRBB put the Note about the lawsuit or does Arrayit? After all, the auditor just reviews and certifies (if they are in compliance with accounting principles) what the company provides.
All audited financial statements are required to have a note regarding legal issues. The note will briefly describe the suit and accrue an estimated loss if any is expected. RRBB will get the information from the attorneys.
2) If the auditor completes the audit, can Arrayit sit on the fins and not file them until they want to do so?
Yes they can and it is cheaper and saves them money to hold them and file at once. In this situation I agree with the decision to wait and file all at once.
I haven't asked about the Qs. Those are unaudited so at this stage in the process I really don't care about them and am more interested in the K. But I believe the plan is to release all at once.
I'm a former auditor and understand how to talk to management and auditors. I've had communications and I accept all answers as responsible. Message boards are really just entertainment, I don't trust what I see here positive or negative. I do my own DD and will continue to hold and add if the pps drops below a certain level.
I don't have an opinion on the outcome of the Taub case. I doubt it will hold up financials as RRBB will just have a note about it and accrue any expected loss if any in the financials.
Field work means the actual onsite verification of transactions. For a 2018 audit period 1/10 is way too early to start this. Rarely would field work ever start this early. Inventory observation is time sensitive so done as close to year end as possible.
2014-2017 are complete. 2018 inventory observation is complete, just now waiting to start 2018 field work. 2018 will be out on time.
It's a standard audit procedure.
I was told that RRBB agreed on the work in October 16 but didn't start until May 17, after their busy season. Makes sense. Then again RRBB didn't work on this audit during the 18 busy season and started up again in May 18. Mark's comments do come from someone that is really not accounting savvy. Though you find that often where company founders/presidents tend to be good at their craft but don't really have an understanding of accounting. But again, I don't care about delays. I'm investing in their products, not Marks understanding of accounting.
I also am a former auditor and have been on engagements that lasted over a year. Every audit is different and doing a re-audit and multiple years can be extremely difficult and time consuming.
I'm not expecting to see financials until April and I'm completely comfortable with that. Buying at current levels is well worth it, in my opinion.
That's great. Any opportunity to buy, adding under .05 will pay off in a big way.
Anyone have confirmation on the 12/27 filing date?
I've been holding since 2014. I know what they have and what they are, this is a buy and hold at this level. Don't trust the negative chatter here, they just pray on the impatient. I'm holding and adding if I can below .05.
These PRs aren't designed to move the stock, they are designed to stabilize it. They've done that. Almost 6 months above .05 goes along way in attracting large investors.
I understand there is a shareholder lawsuit currently active against TPAC and Mr. Mckay. Can anyone confirm this?
Any have any additional info or concerns on the convertible notes? I would be interested in hearing some opinions.
I don't have the ability to pm. Send me one with contact info and I'll give you my share count along with some associates.
An audit will never turn around in two weeks. If field work has just been completed then I would still expect another month or more. There are multiple reviews that a CPA firm will go through before they finalize and release the audited statements.
Take at look at:
TTCM
GAHC
ARYC
All great short-term and long-term potential.
If I had time to respond with details to each one of your points I would. But I have a business to run so only have limited time on message boards.
Like you I'm a shareholder who lost money but I understand that this investment was in an OTC stock which comes with significant risk. When I have the time I'll detail some information I have but have no intention to if I continue to read unprofessional rants.
She was beginning to communicate here and in the past was responsive to emails. However, the name calling and unprofessional posts here have forced her to be defensive towards shareholders.
Running a business isn't easy and changes/fixes to issues take a long time. Nothing happens overnight like most penny stock gamblers want. I know Boreal is 100% operational and still in business. It will take time to correct the issues and if you want dialog with Francine then the first step is to probably end the name calling(not from you, in general) and silly accusations on the message board.