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Which means April 15 if they file NT. Any bets as to which scenario. Again this only applies if they don't want penalties.
That's not transparency those are unsubstantiated tweets.
I could write that I am Bill Gates down here in the Pinks for shits and giggles but by writing it, doesn't make it true.
A picture is worth a thousand words and the financials are the picture!!
If all the tweets are true then the financials will prove it.
And the Finra argument about Tweets being checked is bull. I phoned and spoke to Finra counsel. They monitor Brokers not companies they gave me the number for the SEC whistleblower for concerns about company. If anyone doesn't believe me call 301-590-6500
From their home page "FINRA regulates both the firms and professionals selling securities in the United States and the U.S. securities markets."
I hate to be a broken record but all the what ifs and what abouts, the should and could be's there is absolutely nothing that will propel this to the heights some believe without financials. The doubt that has grown over the last 6 months is directly related to the statements from Management. If you look back 3 years this stock is a rock star but if you look back 6 months the pullback is horrible and could have been avoided with a little bit of restraint from Mark et al. The pendulum of doubt is swinging erratically because company won't hold there tongue and it comes back and bites them every time.
Right? First thing I did was google and thought in a population of 90,000 there probably aren't any allergies so why would they need physicians to sign up. Give us all a break RH22. I am all for calling out the company for their lack of transparency but lets keep it between the lines of reality. I for one hope that all these tweets are for real but find it harder and harder to justify the timeframe these financials are on. All the accountants I have spoken with shake their heads when I tell them the timeline to date.
Volume ramps up and the board goes dark, WTF!
And if they miss 2/14/19 and have to file after March 31 they will have missed another date to get current as stated in the shareholders letter
The spring equinox (also called the March equinox or vernal equinox) falls on Wednesday, March 20, 2019, at 5:58 P.M. EDT.
At which time winter will be over and the website will be changed to read financials will be released in the spring.
At that point the shareholders should meet in Arrayits parking lot and demand answers. A mass VIP tour fueled by pissed off.
Shhhh! Sorry I forgot they are in a quiet period, we should let them sleep!
Not one person here can unequivocally claim the info Management puts out is true! I read most of the posts everyday and shake my head at some of the supposed truths. Tweets tell us nothing without proof, proof will be in the financials. PR's tell us nothing without proof, proof will be in the financials.
Management may have a plan and they may be liquid to the point of millions. The share price could reach $1, 2, 5, 10 if all we are told is the gospel truth but without financials we will never know!
I will be told to move on and will LOL because there has to be some here that will question Managements motives and I choose to be that investor. We all invest to make money (although it seems some do it so they have a board to be on), and I would like to see management perform with action not words. Where the F&%K are the financials as Summer and Fall are long gone, winter is waning and spring is around the corner.
My fear is on July 31, 2019 I will be reading "I see no reason why we can't have financials released" or financials are imminent!!! JMO
I thought someone on this board had a relationship with Tony. If so can they ask him what's the hold up. Dec 6th he said financials were being reviewed and would be out soon. I would like to know the definition of soon. Also 4 days past the 30 day LOI timeframe. It would be nice to know a timeline for some of these promises. I enjoyed the last news release about the resort but we need some confirmations.
Tony Anish further continued: “We are so excited to be a part of this project. Combining this project with our home building in central California will generate significant revenues for the group. We continue to look for further opportunities and plan more expansion in the coming months. The financial statements are expected to be completed in the next few days. Stay Tuned, there is much more information to come.”
So where are they? I guess next few days meant months as we are now 29 days past this announcement.
Please check your dates before generalizing! There wasn't a CE on this stock in March 2015. So no not all had the luxury of knowing what they were getting into. At that time it was a bio stock that had promise and by September 2015 they hung the AVDX dividend carrot. Some spend time warning investors because for years there have been those justifying every untruth the company has spouting with impunity.
In medieval Times Mark et al would be on a rack and been stretched for the truth and justifiably so.
My sell order is for $4 but 'I Will' go down with the ship if that's what occurs. Just very sick of the Company getting away with their BS. 4 years not current and counting!
My question "Why isn't every shareholder questioning validity?"
For what it's worth. I phoned RRBB in 2017 to see if the Audit was fact. I was forwarded to Brian Zucker's voice mail and was shocked 10 minutes later with a callback. He reiterated that he couldn't discuss particulars but that they were in fact doing the Audit. It is what kept me invested at the time.
Now, I am just to stubborn to sell as I am 4 years invested this March. I have very little faith in managements integrity now but maybe they will follow through sometime in the future and disclose what took so long.
I agree with MikeCR in that the information they have supplied doesn't match the BS they are now spouting.
It's like reading a bad book, you know you should mitigate your loss and quit reading but you hope that it will get better at the end, to justify the time you wasted.
Actual the 4:02 minute mark of the 2nd part of the Hong Kong interview, Rob stated physicians in Hong Kong would be using BY January and public by end of 2019. Physicians should already be using or very close to it.
Really!
This was a reply from Mark Sept 9
Dear Dan, Thanks very much for your continued support and feedback. RRBB is doing great. We are reiterating our guidance of audit completion this summer. Thanks, Mark
Tell me my concerns are unfounded! I choose to be proactive as opposed to reactive.
I have contacted Dan Brown and he even returned my call last Year. I have been here a long time and I have been in touch with all the key players. I could take screen shots of all the correspondence to date with RRBB and Mark as well as 1 reply from Rene. But we still have no Financials and I want proof. I refuse to bury my head in the sand and hope for the best.
I didn't buy into a CE stock, that came after I had a few million shares so please get your facts straight. If I thought this was a scam I would be gone but excuse me if my patience is wearing thin. Being positive of your investment doesn't mean to remain oblivious!
You are correct I do believe but what amazes me is the venom that is directed at anyone with the audacity to question the company. I haven't sent in a complaint as was suggested I sent in a request for information re: tweets validity! I think it was Travo that said Mark told him Finra was monitoring their tweets.
I found out that was not the case and want validation. Why does that bother so many? I would think you would want to know that what you are being told is indeed fact. Sorry if some think that is out of bounds but I don't.
Nope going to stay and question them! I am prepared to ride this out and would love to eat my words but refuse to accept companies word as fact. The only thing that proves any of their claims are financials and Arrayit is withholding them for reasons many can't fathom.
My question to you is why aren't you concerned? Do you know something the rest of us don't and if so please share. I have been told to do my own DD and this is how I choose to do that!
Sorry, you know this to be fact? How? Because management has said so! The same management that had on their investor page on website that financials would be out by end of summer! Please excuse me if I don't take everything they say at face value anymore!
Hi all!
Here is a follow up to me saying I would dig deeper into Arrayit tweets being monitored.
I spoke with Finra and they don't check on tweets!
I spoke with Stephanie Avakian at SEC Enforcement and had a very informative chat!
She told me to phone or email my concerns to investor support on www.investor.gov and I have and received an email that someone is addressing my questions re: tweets and PR's and will send me a reply when then have looked into it!
I was also told to visit the whistle blower site on www.SEC.gov and create an investigation which I am reluctant to do until I hear back from investor support.
Arrayit wants to keep us in the dark but I believe they owe us some answers so as I hear back I will report.
The U.S. and international financial systems are large and complex. At FINRA, we are responsible for overseeing but one part—the U.S. broker-dealer industry.
Just got off the phone with Tony at Finra (301)590-6500 and was told that they would not monitor a publicly traded company's tweets. I was referred to www.sec.gov/iard.
Tweets would not be verified as stated, maybe by SEC but not Finra. I will dig deeper and post real DD.
Thats what i thought "Mark" told a few visitors. So you are just taking his word for it. Excellent DD! I will dig deeper and i will not sell because you say to. By the way Mark also said he would be shocked if fins weren't out by end of July.
I want to agree with all you have said believe me! My question to you is if all of this is true what benefit is it to withhold the financials. How much of the company do the 3 amigos own and how much would they be worth if stock was $4? There is no upside to remaining dark unless something isn't right.
Again my opinion but if it looks fishy and smells fishy in my experience something is fishy!
Do you have that in writing from Finra or is it hearsay from someone's visit to Arrayit? If from Finra please post the response. I will try to contact them myself and if they reply in the affirmative I will apologise to all for doubting and post immediately
What do you know for sure? This agreement with Sutter could be for 1 test or a million there is no definition in the statement. Nothing they post can be verified without seeing the flow of money. You can't go to the bank and get a loan without proving income. If I went in and told them I had $5 million in orders but no paperwork to back it up, I would be escorted to the door.
You know that Theranos also had VIP tours for their shareholders and we now know that was all smoke and mirrors.
They are playing with us and it is very frustrating after 3 and a half years!
Shareholders are getting restless and the sarcasm has hit an all time high. Arrayit needs to prove their claims soon or we will all be able to load up again real cheap. Imo
Again you are just speculating based on tweets which can't be substantiated. We all hope they are true but without getting current the profitability of Arrayit remains in question. I know move On, sell blah blah blah! Just trying to be realistic with expectations. Arrayit hasn't proven 1 thing as yet.
The quiet period comment was sarcasm in case you missed it. They haven't filed financials since 3rd quarter 2015. So have actually been in a quiet period re updating shareholders on financial status for 3 years, was the point I was trying to get across.
So after such a positive PR the SP drops. Nobody can reconcile their news with proof. I really want this all to be true but at some point even the most staunch believers have to question their motive of not telling the shareholder want is happening with fins.
Quiet period is a cop out, as they have been in a quiet period re finances since Sept 2015. Jmo
Maybe take a look at Tesla and tell me that management doesn't need to be transparent and forthcoming to shareholders and the public. For 3 years we were in a black hole, void of any info. Then a deluge of tweets about everything and nothing and absolutely no proof. Then news release of audit with follow up bs every so often. Another year with false info re audit and still no proof. May 2018 see's the floodgates of pr's every 2 weeks but still no proof. Fins imminent July 31 or pres would be shocked, end of summer( open to interpretation as to date, Sept long weekend or 21st ) nope still nothing and the biweekly pr's lose strength. You got it, still no proof. Financials are the only proof that will save us all. Without proof this is all fiction. By the way Tesla has new management because someone couldn't keep their mouth shut! IMO
Actually the answer was "Thanks again for your patience!"
the other was part of Travo's question/comment
If you go to part 2 and fast forward to minute 4:08 Rob state before January 1st in Hong Kong and then Thailand, Taiwan, Japan, Austral-Asia including Australia and then China. which means within the next 69 days.
Actually the comment was they will be at Clinics, Physicians and OBGYN's by start of 2019 and progress to over the counter by end of 2019. So go to market date within the next 3 months.
So explain why financials are not a must. In one post you say once CE is lifted big money will come in. Without financials CE won't be lifted so that means financial filing is a must.
Everyone keeps talking about $1 plus but filing has to occur and every shareholder should be incensed that the company keeps pushing the date.
You can be a staunch believer but a some point the Company has to make good on their promises.
1. Financials released
2. CE lifted
3. FDA approval
4. Court case dismissed or settled
5. $$$
But 5 doesn't happen without 1,2,3,and 4
For those that didn't read the original or took it out of context which happens here quite frequently
Now honestly! Do you not think it is in their best interest for share price to increase. PR means Public Relations and if not to increase visibility vis a vis PPS for the company, why bother?
Not that I need to defend my post but this may clear up the intended meaning for those less educated in business concerns.
Publicity, through a press release, is simply just one arrow in the quiver that is public relations. Publicity is the effort to garner media coverage or exposure about a brand, product, event, etc. It’s focus is narrow. Public relations, on the other hand, is the higher level development of an over-arching strategy for furthering a marketing or communications goal of an organization. It is often associated with the term “reputation management.”
So laugh all you want but PR broad spectrum IS Public Relations. JM, (and most business Professionals), O.
Interesting read and parallels! So similar that I thought it would make for a good follow up to Bad Blood. I emailed and tweeted John Carreyrou and asked him to do a deep dive into Arrayit. If they are what they say they are, a follow up to the Theranos scandal would be huge PR for Arrayit! Be interesting to see if he does and if so what he will find out. It will either fill the sails or sink the ship!!!
Hope for the former, worried about the latter.
I am assuming that the CE might have to be removed before uplisting occurs. If you think the company has the ability to uplist by 2019 then the financials being released is the key 1st step. Saying they are imminent day after day (since March 2017) just makes new investors doubt the reliability of the DD.
I believe they have sound products and are gaining ground in the Industry but keeping Investors in the dark is a poor business decision! IMO
I can"t see that as a reason to hold off. The court case is about what Taub feels they are owed and no Judge will make a decision without asking for financial information unless the case is baseless and is thrown out.
Seems like that may be a stretch so why wait? Also, the amount of money the company currently has shouldn't affect the Judges decision of fault, just the awarded settlement and do you not think the Judge will demand financials to make that decision.
I think the company is yanking our chain and I for one wish the SEC would man up and demand compliance. A threat of delisting might light a fire under their asses! IMO