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FYI, traditionally news of this magnitude is usually released at around 4:30pm Eastern and there is no filing as yet...GLTA
I would if I were at the helm, however, how they choose to file is in their hands. Keep in mind, Management has the identical interest stockholders have. My DD has confirmed the fact that they want to restore the PPS back to their better days before their financial woes.
This is old history; we are in a new era for Arrayit, where the Company is standing on firm ground all around. The fins will speak for themselves.
Again I stress, the Company will probably restore traditional PR promptly after filings...this will definitely boost the first round of gains in the PPS.
The Company has not released any date specific statement on the filing of the fins. The speculation on the filing date has always been through third-party postings whether through DD or just speculation.
FYI, what is clear, the company did announce that the physical audit was completed in March. This led to speculation that fins would be filed shortly there after. However, no one took into consideration the fact that accounting firms have their most demanding time during tax season...this is their bread and butter, in my opinion, this is the real cause for delay aside from the fact that this undertaking was not a speedy process, at the contrary, anyone who has any idea of what takes place in this type of audit would know the complexity of completion. Keep in mind that this audit did include a portion that will require forensic accounting as a part of the final audit.
If you are not aware, the auditing team had to review the previous work done by the former auditing firm.
Del, thank you for your comments; I appreciate your logical thoughts. Let me see if I can shed additional light here...the problem we all encounter as investors, no matter which form of investment we are engaged in, is expectations, insecurity, uncertainty and in many cases, the lack of available subsequent information.
This totally apply to our mutually vested investment in Arrayit. Here is the problem/consequence for our individual actions, when we put a limit to any of our processes, that limit always has the potential to go either way, positive or negative. In the instant case, there is now plenty of indication that a positive result is imminent:
1. When I opted for Arrayit, the PPS was in flux between .0005 and .0002 and here we are...this is a no brainer for me.
2. At my inception, the Company was embroiled in what appeared to the novice an uncertain litigation, struggling funding issues, sketchy financial disclosure, albeit due to the financial insecurity, and a hostile general investor environment among other issues.
3. I did deep DD, which by the way has alway been available to the public, that confirmed this will be one of the best investment I have ever made if not the best...
Going forward:
1. We now know that the legal issues are now what appear to be in a very low ebb and not so important to the success of the Company.
2. Their financial position is vastly improved, by way of their constant public information channel.
3. Let us not forget their position in the technology field and the vast array of products being marketed daily.
4. The Company if on the hook to produce their fins by way of SEC public notice, e.g., 8k in Dec. 2016.
In short, it is now a matter of time and patience for the coming events, which in my very invested position, should provide me and all of us who are hanging in, the opportunity of a lifetime...
Don't be surprised if the Company has a backlog of PR to release subsequent to the fins...this would clearly have the effect we are all looking for in this most undervalued company.
Right on!!!the charts are transparent in this MM strategy.
I support your premise about a potential filing today...most likely the end of the month may be the charm. However, should the Company decide that the most efficacious way to release the financial is in sequence (if I were the decision maker I would do so in order to maximize the PPS) because should the numbers be as positive as the speculation based on Tweeter info, a staggered release could manifest faster PPS development.
The word would get out and the rush to buy would be more feasible by a more institutionally based body or new purchasers. Just my opinion...
The fact remains that the current available and reliable information, gathered from good DD, is that the accountancy firm is finalizing the work and no one in the Company can or will accelerate the process. "The soup is done when it's done". Based on the factual chronology I posted yesterday, solely based on my DD, the auditors are working steadfast to complete this massive undertaking.
You must admit, based on your ongoing complaints about management, the audit for back filing and current filing of the fins is not a short-time undertaking under the most favorable conditions. Just be patient and you will soon see the financial position and growth of this "greatly undervalued" company.
You obviously do not understand the process...all the SEC needs is to be informed by the auditors, which they are a well respected firm, that they are in the process of the audit and this is enough to prevent your contention...LOL
Jeff, there is no "true evidence," what ever that means, unless you mean a verifiable face to face or phone conversation with an office of the company who on the record violates FTC rules on insider trading...be real here. What is factual and true is that Arrayit, after exercising its right not to file according to FTC rules applicable to sub penny stocks, chose, for the benefit of the company strategy, not to file financials for a couple of years.
Subsequently, as soon as their economic structure improved and their external legal attacks were reduced, they opted to reinstate the auditing process, notified their stockholders of their renewed effort to bring their financials to date via 8K filing, dismissed their previous financials representation and hired new compete auditors.
The newly engaged auditors proceeded with their services including completion of facility auditing. Then, unfortunately, the post facility audit was completed right into National Tax Season and no accounting firm will pass on their meat and potato business, income tax preparation, which put off the completion of a very comprehensive audit that as we all know, include a multiyear audit of previous auditor's work and the completion of subsequent unaudited financial work.
Putting the above into prospective, this is monumental work which requires a substantial amount of time.
Where we are, according to reliable sources, is that Management is expecting to have the financials for filing at the end or the moth according to the latest estimate by the new accountancy firm.
This is the best info that my DD has materialized.
No...DD
Your are absolutely correct; in the tech and biotech sector, the valuation of companies can be in the range of 10 to 100 times sale if any. Take a page from recent history, valuations are over the top.
On the other hand, Arrayit, a real company with real products and real sales in the world market not regional or even just national, this way undervalued company should be in the 100 to 200 mil valuation based on the state of the market place.
When the fins come in the next 2 weeks, get ready for a space launch! Have a great weekend all...
I am 100% with your take...just wanted to cover the chance that the firm may need the extra time to complete the task to file...
The reason the fins are not available is that the new auditing firm is slow in completing the task. This is the result of my DD...the firm stopped all the work during the tax season...did not make the Arrayit Management happy. As anyone who has had experience with working with large accounting firms or law representation, these channels of business never deliver on expectations.
My DD take is that the fins will be filed at the end of the month...
What you are stating is the allegations Taub and Co. are stating on their complaint and as we all know, allegations in a complaint are usually overstated and false claims in general to dress their position in the action to the Court.
In your explanation, you do not disclose either how and where you get your info and you do not state the claims by Arrayit in their response to the action. Moreover, you do not get to the point that Arrayit has submitted a motion to dismiss that has been on the Judges desk for over a year without movement. in addition, Arrayit will be or has filed their revised motion to dismissed base on experts testimony and will be probably available online tomorrow, which should cause this Judge to take the proper positive motion to dismiss frivolous action...
Confidence comes from common sense...
The company is not holding back the release of its financials. Once the fins are completed they are reviewed by the customer then they are released. If there is a small selloff as there is today, it is not because of any change in the fundamentals of this company. No one has any info of why anyone would sell their position(s) at this time.
I echo the feeling stated by others; they sell, we buy...their loss is our gain!
TYPICAL, MMs' CLOSE THE DAY WITH AN 1100 SHARE TRADE FOR THE BREATH TAKING $5.37 PRICE...IT MUST BE HALLOWEEN!
They did not decide to dilute the stock...based on the prior reports to the SEC, it was a necessity in order to stay in business. This is not a struggle between management and the stock holders...your personal experience is base solely on your own decisions, no one forced you to invest of divest.
The fact remains that the company is real and the style of management by "outside management" would not change a thing. This is total conjecture...once the updated fins and the new fins are out, a reevaluation of the company will be in order and should the fins support the Tweeter info, the PPS should attract new investors and hopefully institutional money will come to AYRC.
There is no question that this company is massively undervalue...GLTY
29 total trades to date...of which 12 trades were pure MM manipulations not to mention that they have grabbed the lager dumps for their accounts...DD
TO ALL...PLEASE DO YOUR DD, CHECK IT OUT, THE MMs' EMPLOYED THE SAME PATTERN WHEN THE PPS WAS IN THE .000s' BEFORE THE PPS LANDED HERE. THE FUNDAMENTALS FOR THIS COMPANY ARE POSITIONED TO REACH THE NEXT PRICE POINT, AT .01+ EITHER JUST BEFORE THE FINS ARE READY BY WAY OF A SERIES OF PRs' OR FOR SURE WHEN THE FINS ARE POSTED. THIS YOU CAN TAKE TO THE BANK. GLTA
All this negative commotion is over 18 trades for the day...LOL
Oh yeah...if elephants could fly...this is one of their latest adds:
Arrayit has leveraged its patented and proprietary H25K microarray discovery platform to decipher the molecular basis of Parkinson’s Disease (PD). Genome-wide expression profiling of sporadic and LRRK2 PD patients yielded a panel of 30 cellular genes activated or repressed in a PD-specific manner. The genes identified in our pre-clinical research corroborate PD genetics and neuropathology. The Arrayit PDx™ Parkinson’s Diagnostic Test offers promise for pre-symptomatic and post-symptomatic diagnosis and treatment of this serious neurodegenerative condition. We are currently seeking research customers to extend our pre-clinical data set, and strategic partners to accelerate FDA 510(k) approval and commercialization. Please contact us directly with your PDx™ research, companion diagnostic and therapeutics inquiries.
Sounds like BK...ha ha ha ha!!!!
Really...at .004 on 700 shares...oh yes, no MM manipulation...LOL!
Just a heads-up:
1. They are auditing multiple years including previous audited filed financials. This will certainly delay expectations.
2. As long as the SEC is made aware of the intended filing, no negative action will apply. Believe me, they are on top of this issue.
3. Please have patience good things are on their way. This Company will exceed your expectations.
You are so right...as an additional example:
Last trade: 60,000K shares at .0073 cost $438; the consequence - A sucker fell for it and gave the MM 159K and they quickly sold and purchased 1k shares at .0077...who but a MM makes these type of transaction I ask. If this is an investor...they deserve the obvious loss of opportunity. I sincerely doubt anyone in this investment cares about this type of transaction.
My understanding if that the Iconic claim settled...however, it will all be outlined in the financials. Please note, no one has been able to retrieve any such Case involving Iconic and Arrayit.
If I may chime in...the Case against Arrayit is no more than a nuisance. The Plaintiffs have NOT discovered or proven anything that could amount to a negative consequence. As I have stated before, the Judge in this Case has not ruled on the motion to dismiss, which by the way has been on his desk for over a year, because as any responsible jurist, he must afford the recipient of this type of motion the opportunity to complete their discovery in order to avoid an appeal. Anyone who has the opportunity to delve in the facts of the Case will come to the same conclusion. As you may be aware, the Judge has given the Plaintiffs until the end of Feb to file any motions on the Experts discovery process.
Jimmy, most of us with large holdings have locked our position. Everyone who is reading the posts should take this action to defeat the MM's ongoing tactics to scare the uninformed small investor.
I know you have recommended this before, however, it does not hurt to remind everyone to do so...by the way, this is the MM's last hurrah to get a free ride up the later. Good Luck to everyone who has a position...good things are soon to come!
Arrayit reports $125,000 pro forma invoice request from top medical sciences leaders Medi Laser in Lahore Pakistan
I agree, the fundamentals do not lie...this Company is on fire...once the financials confirm the tweets and more, this stock is going to retrace its original PPS before all the missteps. The difference now is that the fundamentals are far greater than when this PPS was at .93 per share. The will tell...
SAID IT BEFORE...Once Management reviews the Audited Financials they will pick out a valuable PR to release in front of the financial release. This coupled with the up coming audited financial should spike new investors with possibly institutional investments and/or potential acquisition candidates.
PR...PR...PR...
Arrayit reports microarray technology sale to leading life sciences distributors CoreSciences in Seoul South Korea
Arrayit reports microarray manufacturing request from $36.7B healthcare Becton Dickinson NYSE:BDX Franklin Lakes NJ
THE SALE OF PLATFORMS ACCORDING TO THEIR PRICE QUOTES IS CLOSE TO 1-MILLION DOLLARS!
Not by the fundamentals...
Correct! Keep in mind that Management is being advised by a major Wall Street company in this next stage of development. My previous posting stands...I believe that a PR will be released prior to the financials...
Between now and then, now is the time to load-up before the Bammmm!
PPS into the pennies is inevitable; the problem right now is the MMs' and their games...this stock should be there already. Just be patient, it is coming. I still believe that once Management receives a copy of the financials, they will release PR in advance of the filing in order to maximize the move on the PPS.