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I have been a proponent of this stock for years and have promoted it to friends and family. We all hold over 1 million shares each some more than others. Nobody I know is selling until boom or bust, at these levels of buy-in it could amount to financial suicide to sell now.
My point which seems to be missed is when is the company accountability questioned by the shareholders. And if there was a shareholders meeting I would stand up and ask for transparency. The company has told us many things in the past that haven't come to fruition and I am worried that we are be fed platitudes to keep us happy but none of it is of value.
Arrayit signed a 2 contract worth $55 mil over 3 years. Great but what if the cost of the contracts is $54 mil. Without financials we have nothing.
Again not trying to be negative just want answers sooner rather than later.
Again everyone should email rene@arrayit.com or bzucker@rrbb.com
Let's ask for those answers!!!
I believe we have something with this company but everything they do right now is all smoke and mirrors. Until financials come out we are floundering in the dark.
They should have the decency to let us know what the holdup is.
The VIP Tours were to placate.
That is the problem with this stock, it is all conjecture at this point. ARYC over tweeting to some, under tweeting to others, telling of more than actual sales or less than actual sales.
There is no basis for anyone to know the truth! Some have gone to visit their facility which promotes they are real and actually doing business but how much and at what profit/loss is anyone's "GUESS". I quit listening to the positive and negative equally as it is mostly BS until financials.
Hold or sell it is a gamble either way until this is current which could happen or not. The company has very little credibility at this time because they have lied to the shareholders for years. The only DD that matters will be done when and if we see financials, period.
I bought in at .002 and got a reasonably large position for very little investment. I for one will wait it out because I choose to gamble on the positive side of things. I will buy more if this goes back to .005 which still leaves me to the positive.
All the back and forth is a waste of time. Email rene@arrayit.com or bzucker@rrbb.com and ask for answers. I have and they have replied. There is power in numbers so push the correct buttons. GLTA
The Elephant in the room is the lack of Financials. Can anyone find an accountant that can justify the length of time we have waited for their release. I have contacted 4 accounting firms to see if this time line is reasonable and have been told unequivocally that 16 months (actually 18 if you count from the date Arrayit hired them) is not acceptable.
That said, there has to be something at play here that we aren't aware of that is holding them back. I have been patient and you won't get my shares but I think it is way past time Arrayit Management filled us in on their plans.
Stinky pinky or not they have an obligation as a publicly traded company to share pertinent information to their shareholders.
I believe this company has great potential but I am losing faith in a Management team that is willing to hang the shareholders at arms length. To those who have Managements ear please pass these sentiments on. It can't hurt!
I have been through a company that was suspended. The SEC just doesn't flip the switch. If as some say it is immanent the SEC will send notification of pending suspension unless certain criteria are met and usually give a timeframe to comply. So worst case we will know it is coming before delisting occurs. Some here would have us believe SEC is going to yank it with no warning because they are trying to create fear. Know what you own and play pennies like the ponies, pick your horse and hope it doesn't get disqualified before the finish line. By the way after 4 plus years I am tired of waiting but the alternative sucks so wait I will. GLT most and to some I hope you enjoy the view from the dock as the ship sails away.
I am long but I have to comment on the audit process. RRBB was contracted for the Arrayit audit October 2016(from the Dec 8k). They went through one year of busy tax season and are now into year 2 (really hope we don't have to wait through year 3). I am not an Accountant but find 1 year and 5 months to be an inordinate amount of time for this process.
I believe the company is doing great things, but lets be realistic, they need to file! End of story! All else matters not! We will churn and burn at this level or lower until they can prove their worth.
Not meant to be negative or derogatory against Arrayit just my take on this long running commentary on where things stand.
I realize that the more posts on a message board the higher we get on the breakout board and I feel that is the reason that old news keeps being regurgitated. Can the Mods sticky one or two of the synopsis messages and we can direct new members there. That way all updates from tweets are new and important.
Not dis'ing anyone but same info day in and day out make this play look desperate.
To JeffP and Wife good luck at the tour. Will you ask the hard questions for those of us that can't schedule a tour in a timely fashion.
Financials - there are no valid reasons that they have taken 1.5 years other than the company is posturing for something unknown to shareholders. There is no reason the Company can't give a timeframe if this is the case. The company has a duty to its shareholders to be transparent.(regardless of this being an OTC penny)
Before I get slammed by some, I have been patient and will remain so as I believe we have something worth holding but come on, if I hired this accounting firm to do my books they would have been let go long ago, if the hold up was there doing.
Something else is at play here and it behooves us to ask the company to come clean. I have emailed management this numerous times and I will continue to do so. For those who also want answers:
mark@arrayit.com rene@arrayit.com arrayit@arrayit.com and I suppose todd@arrayit.com
If the company is profitable, we as shareholders have the right to know!!
Ok UVS, I phoned RRBB and got a receptionist. I was transferred to Brian Zucker's voice mail. He phoned me back within 1 minute which surprised the hell out of me. The conversation was
Me: I know due to confidentiality and legally you can't tell me a lot but I have been a shareholder with Arrayit for going on 5 years. All I would like to know is, is there an active Audit underway?
Brian: You are right I can't discuss particulars but we are actively performing the Audit and we are a Professional Company that will get the job done right.
This was at 9:01 PST.
I am as frustrated as the next investor but I believe the financials will come when executed properly and the rest will be history.
HAPPY, BELIEVABLE AND UNPREDICTABLE!
Not a subsidiary, a customer. If you read to the end of the news release it states "A list of other Arrayit Customers and the list starts with Government agencies.
https://www.prnewswire.com/news-releases/genentech-purchases-arrayit-technology-223112431.html
They acquired their technology for $138000. Arrayit Nanoprint LM60
No need to, I was being sarcastic. Numbers get thrown around here to mislead is the point I was getting at. Besides without current financials most of these posts are speculation at best. On both sides of the fence I might add. This stock will fly or crash, that is the point of investing, guessing correctly. IMO
5,000,000 shares! That makes sense for the Owners of the company to collectively own less than 1/2%. Just a second I...am...reaching ...in! Got it! They own 1,000,000,000 shares and I just pulled that number out of my ARS#!
Your opinion! I read the response differently and that opinion would be wasted here. I was happy with the reply!
Not sad!
Not predictable!
And totally believable!
I am trying to arrange a trip to Sunnyvale for a VIP tour but as I live 3000 miles away I am waiting for business concerns to take me there and accomplish both. I had some questions of Arrayit before I made the attempt. The following is my email and response from Mark Schena
Hello Arrayit
Will pictures be allowed during your VIP shareholder tours. And will financial questions be answered within reason.
Dan
Dear Dan, Thanks very much for your interest and support. Photographs are allowed during the tour in all non-confidential areas and yes we will be able to answer general financial questions. Tour space is available on 3/22, 4/5 and 4/12 from 2-3 PM if any of these dates are convenient. We look forward to meeting with you. Thanks, Mark
Mark Schena, Ph.D.
President
Arrayit Corporation (ARYC)
927 Thompson Place
Sunnyvale, CA 94085
USA
Phone 408-744-1331
Fax 408-744-1711
Mobile 650-248-8710
Email mark@arrayit.com
Web http://arrayit.com
Anyone scheduled please take some photos and if I can get there I will do the same.
Well said!
Has everyone seen the poster of the 2 Vultures waiting for the guy to die caption
"Patience My Ass!"
The time has arrived and Arrayit should produce the financials while the price is climbing.
This is looking better everyday but the tweet I want to see is
"Arrayit management ships audited financials to the SEC" #RRBB
That will be the tale of the tape!
Thanks UVS will look into it. Cheers
I have done my own Due Diligence regarding this Company. I had a Relative in California drive by to confirm the companies existence. I constantly search for any news on the company. I came to this site to find things I might have missed and others share. Obviously I was wrong to assume that was why most were here. I have been corrected, thank you.
I joined this site because I wanted to get pertinent information that other like minded investors would share. It is frustrating that I have to weed through the crap to get to the info we need to make informed decisions so here is my synopsis.
Things we know for sure:
- Arrayit is a real company, they are a public company trading on the OTC.
- They are currently delinquent with filings and they have caveat emptor (buyer beware) against them
- they tweet daily updates which the SEC has ruled as allowable as a means of releasing news
- they started an Audit in October 2016 and to date have not released any financial information, 1 year and 4 months later
- they were Defendants in 2 court cases one of which was dismissed in January 2018 the other is still pending and no date has been set that we know of
- toxic financing caused the company huge problems in the past, hence the legal issues
- no one but them and their Accountants know what their financial position is currently, all else is speculation
- unless someone has insider knowledge no one on this board can guarantee anything and to say such is blatantly misleading
- we don't even know if their past filings are accurate as they seem to be included in the current Audit
- some chose to believe the tweets and some chose not to, everyone has the right to chose which way to view but until financials are released that is pure speculation as well.
- buying on the OTC is inherently a GAMBLE but we choose to do it at our own peril
- to some this play will make them Rich , others see it as a black hole that will suck up all unwary investors
- I would just like to stick with the facts
The most salient fact is, TIME WILL TELL! As with all stocks it is speculation until it isn't, it is conjecture until it isn't. We are all tired of waiting but have 2 choices 1. Wait 2. Sell and move on
Anyone saying they know 100% of anything other than Arrayit isn't current is blowing smoke IMHO
Manipulation to bring price down! 8549 share sale for a whopping $115. Not even worth the trade cost. Someone thinks we are going to fall for this crap.
SAD, DEPRESSING, UNBELIEVABLE
Recently had a stock I bought at $.11. It jumped to $.75 and I bailed. It just hit $2.40 they have no product for sale yet and 300mil OS. That is speculation and conjecture to see a pink do that. I will take a flyer on this company that actually sells products. For those who believe this is a scam company why would they bother watching it?
Good cut the wheat from the chaff. if only believers hold shares the price will flourish and the rest can eat dust.
That's rich!!!
And just like that some Hero takes a small gain to bring it down again. Hope they enjoy their case of beer after paying for their trade.
It would be nice to see the people selling back into the .016 bid, way back in the rear view mirror. I hope the market anticipates something brewing with fins. Would justify the 4 plus year wait.
Never been in this position before but would a shareholders petition help get the point across to management that they are p*ssing people off.
Wednesday, 03/29/17 04:35:37 PM
Re: mdimport post# 42829
0
Post # of 68086
The audit is completed
This was a post from almost a year ago. Would everyone please stop yankin our chains. The audit wasn't done and for all we know it still isn't near completion! I think we all want the facts not fiction. Now if the company were to release pertinent info that would be news. I want this to pop in the worst way but unsubstantiated claims are only hurting the price. IMHO
I am sick of the speculation so going forward I will try to find righteous intel! The company is mentioned with the top 10 in the industry to many times to ignore. Some of this may have been posted but I am only interested in current articles since Jan 2018. This one from Feb 10th
http://perfectanalyst.com/2018/02/10/global-dna-microarray-market-forecast-2018-2023-scienion/
quote of the day
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”
? Mark Twain, Pudd'nhead Wilson
How about this from January this year
http://registrardaily.com/2018/01/10/europe-dna-microarray-market/
If this has been posted already I apologised for wasting your time
Here is a good read for those who haven't seen it.
www.highya.com/pinnertest-reviews
I to am waiting but let's be honest here. The rhetoric hasn't changed for 4 years. We are waiting for this we are waiting for that. Dividends come we are rich! Financials due in March 2017 we will be rich! Iconic lawsuit will bring financials we will be rich! etc! etc! The only thing we are sure of is that this company chooses to leave shareholders in the dark. And until they change that and become transparent we are all just fish dangling on Arrayits hook! Am I disappoint? Yes! Am I sick of the bickering? Hell yes! Am I going anywhere? Hell no! I would rather lose my investment to $0 than take the chance these Yahoos are actually telling the truth and we do get rich. In closing here is a quote that Arrayit might take to heart.
“There’s no going back, and there’s no hiding the information. So let everyone have it.”
? Andrew Kantor
If you are right, I can't wait to buy millions more at that price. If you have been holding as long as I have another 6 months will fly by. For those that don't have or won't buy shares here what does it matter where the price is.
TO ALL LONG, SHORT, OLD, NEW! HAVE WE HAD ENOUGH BEATING AROUND THE BUSH?
EMAIL INVESTORRELATIONS@ARRAYIT.COM (EVERYONE PLEASE)
ASK IN YOUR OWN WORDS WHAT GIVES! 14 PLUS MONTHS FOR AUDIT (I DON'T CARE HOW MANY YEARS IN ARREARS) IT IS INCUMBENT UPON THE COMPANY TO INFORM SHAREHOLDERS OF THEIR PROGRESS.
FLOOD THE COMPANY WITH P&%^ED OFF! SUGAR COAT YOUR QUESTIONS! HOWEVER YOU APPROACH THEM, APPROACH THEM! ONLY WAY WE GET ANSWERS IS BY EVERYONE ASKING THE QUESTIONS. NOT SURE ABOUT YOU BUT IF I GOT 1000'S OF EMAILS I WOULD DO A NEWS RELEASE JUST TO STOP THEM COMING IN. IMHO
Which is why I qualified it with "if you believe the tweets"! I was not stating these numbers are fact. That said if tweets are satisfactory for the SEC as a way of releasing info, would they not have shut down trading if tweets were fiction. ARYC is already under scrutiny with SEC so why would they allow blatant misinformation.
If you are reading between the lines, which is more likely, fact or fiction? (based on the legal ramifications of false info)
I have to believe the system is in place to protect shareholders regardless of this being on OTC Pink or not.
I have had my negative rants on here but have changed my mind. Rather look at the bright side until we know for sure.
QUERY!
Is anyone doing the math for some of Arrayit products?
Blood card production increased to 10,000 per week to meet demand-
48 weeks assuming 1 month shutdown per year for major holidays
480,000 blood cards produced per year assuming 80% sell 384,000 (if not 80% why increase production). Again assuming every buyer buys 10,000 to get max discount of 35%
384,000 x $15 = $5,760,000
Assume they get a 10% return for analysis range $125 - $300
38,400 x $175 = $6,720,000
With all the other products it doesn't take long to find $20,000,000 plus per year in revenue. I think the info we have been receiving through tweets (if you are a believer), will result in unbelievable fins. JMHO
I am not quite sure the rational behind someone selling 30-40k worth of stock at this juncture. $350-$500 dollars! Makes no sense unless they are going broke and need to pay a bill. All it does is keep the PPS down at this level. Lock and hold, create a unfillable demand. Even if Fins don't come out for a few more months what have you lost, a fancy dinner at a 5 star Restaurant. What could be gained?? 40,000 x $.10 = $4000, 40,000 x $.25 =$10,000. How about a nice trip to a 5* resort.
Makes no sense!! And speculating on ARYC revenue and squabbling about it makes less sense. You either believe their tweets are legit or they aren't. Wait for Fins or email investorrelations@arrayit.com and light a fire under their arse. Let's get proactive and fight for an answer from the company.
I think you missed the point. They actually responded in a timely fashion. I didn't expect a reply so I will now wait patiently. Either I become rich or I lose a reasonable amount of money. Either way I like the odds.
FYI I emailed Arrayit yesterday, here is the reply
To whom it may concern,
I have been an Investor in Arrayit for going on 5 years and have strengthen my position numerous times based on news from the company. Can you understand my frustration when I say that the company has little to no credibility at this time. I just want to see the Financial update! If I lose my investment because of poor performance that was the risk I took. But to lose money, due to the misleading information the Company releases every so often, is on the Company!! Please get current! Please give shareholders a glimmer of hope that everything they have relied on doesn’t turn out to be lies.
Oh, by the way, based on the dividend debacle with AVDX, Arrayit has cost me 10’s of thousands of dollars to date. Please respond even if it is to tell me to piss off. At least I will know that someone heard my concerns and there are actual people attached to this company.
Yours truly,
FRUSTRATED INVESTOR
Dear Frustrated Investor,
Your message has been received. The audit is still in progress. Sorry, we are not able to provide any further comment regarding how soon the audit will be completed and the financials filed with the SEC.
Best regards,
Rene Schena, CEO
Arrayit Corporation
I received a private reply that told me to email the company and I would get my answer. I have emailed and tweeted them numerous time and have yet to get a reply. So if that is what they meant by getting my answer, then I am lost for a response.
Something that bothers me at this late date in my investment! If you click on the Investor tab on their website "Code of Ethics" comes up. You only have to read the first paragraph to realize how far off track their honesty goes.
QUOTE:
"Arrayit Corporation and its subsidiaries are committed to maintaining the highest ethical standards at all times during the course of conducting the company’s business activities. These principles are detailed in the Arrayit Corporation Code of Business Ethics."
Second, they still have the Auditors they fired as the Accounting firm. I realize RRBB audits haven't been released but shouldn't the twitter Guru or other IT person update that the Auditor has been changed.