Firestopper USA Master Distributor
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.
There is a lot of speculation in regards to when the financial's will be released and why doesn't management return phone calls. At this point you need to step back and say who has the most at stake on the success of ARYC. That is a no brainer-the owners and other executive officers that have invested their time,money, and sweat to making this work. Add in the staff who are working all kinds of hours to get the product out the door. I would rather have the Chairman and CEO working on solutions to the serious in house problems rather than talking to people like my self just to make me feel good or to justify why the financials are delayed.
The financials are totally up to how quickly RR&B ??? can perform the work. We are talking about more than 3 years plus of development and manufacturing of some of the most high tech instruments ever designed.
I am confident that this management has learned a lot and made many mistakes along the way. Now they have clear path to a bright future. Let them proceed at a pace that is reasonable but avoids any chance of deviating from their goal of making Arrayit the best in it's field. That is what is going to make us stockholders wealthy. Thank you Mark/Rene and employees keep up the good work.
Again you are right on the money about the MM's. A close friend of mine explained how to lock up your shares so they are not available to the broker to borrow them from your account. Just put in a sell order at some high number like $5.00 using the limit option and GTC )good till canceled)This takes your shares off the availability list and they are frozen and MM's don't have access to them.
Hard to stop MM's even though it is illegal plus they deal in such small lots there are always stock around to serve their purpose.
Just hang in there we will prevail.
What good to wait and see? The action is past you by that time. The stock price is a bargain right now--not after you see it go to 1 dollar. Just evaluate the facts presented first from a technical view point, then it's impact on the market, then on your opinion if management is capable of bringing it to market and how industry is reacting to the technology being presented to them. Read the stickies and you will be convinced Arrayit management is on the right track. Pay your fare and get on board or you will be waiting at the station for the next train to arrive which could be a very long time. This is a once in a lifetime opportunity--don't blow it. Don't let the MM's derail our train.
Undervalued you have been the voice of reason during this wild ride with many ups and downs. I suggest a small wager pot to the person who comes closet to predicting ARYC sell price one week after financials released. Set closing date sell price as target and who ever is closest wins the pot. Modest amount maybe $10 each. My bet is 18 cents/share at close of market one week after financials are released.Count me in
Fast Ed you are right on the mark and gives me confidence the Auditing Co. is doing the job according to accepted and required accounting principals. Accounts payable can be manipulated by any company and is a key element to their cash flow and assets. Our accounting firm always reviewed our receivables and randomly mailed copies to our customers to confirm they were valid.When financial statements are issued accounting firms sign them signifing that information there in is accurate according to acceptable accounting procedures. Just find one false account receivable and you are in the dog house and if done purposefully you will be in the Jail house. Don't make this into a negative when it is normal procedure.
If you truly believe the tweets are false or misleading contact your attorney and bring suit against ARYC. Tweets published carry a public liability requiring them to be factual and accurate. One can tweet an opinion and be safe from being sued. However in ARYC"s case they will be held legally responsible as they are naming customer , item and amount of purchase order. I would put my money on ARYC as being compliant with their tweets. In fact I would guess they are not publishing all the contracts as some contracts or purchase orders have a non-disclosure agreement disallowing any advertising or disclosure of the terms. My company had many military government contracts and any public publications or PR.s had to be approved prior to release. Some companies don't want their competition know what technical areas they are pursuing, That would certainly hold true for Arrayit. My guess they have more business than the tweets indicate,
It is same person buying and selling with two different accounts. Illegal but SEC c an't check on them too trivial
You are putting too much emphasis on a minor technicality that many small companies have violated over the years due to financial priorities. Do you want to pay key vendors delivering parts for products you can deliver and increase your cash flow or pay for financial paper work that can be delivered later. The only paper work that is important are tax returns that indicate you made money and didn't pay the pro-rated taxes due.Even then you won't be put out of business but you will be hounded to pay up with late penalty fees. Putting you out of business doesn't help the government they want you to succeed and work with you within reasonable limits. They rather collect taxes from you. I bet the government's success of collecting money from bankrupt companies is extremely low. Don't worry I think in a week or two we will all be well satisfied on the results.
Release of the financials depend upon the Accounting firm--a blue chip accounting firm- to do an accurate and complete report on the factual status of the company. Rumor has it that the accounting firm was late on performing this task due to the tax season demands of other clients. This is not management's fault but up to the accounting firm to meet schedules they either promised or estimated. Management as well as investors suffer by this performance. If you have been involved in managing an operating R&D company phasing over to production you always have delays in schedules some are paper work, sub contractors not performing, vendors late in delivering material or performing operations etc. Arrayit is going thru an explosive growth period and is handling these day to day problems as best as they can. I give them high marks on their progress and the way they have kept us informed on all their tweets. The tweets need to be accurate as they are open to legal suits for misinformation and significant fines to follow. They must have a full time employee generating the tweet information and that person is doing a good job. Hang in there everyone and be patient, lay off management and let them take us to the $1 land.
Hopefully we will be presented with a difficult decision. Do we sell at 25 cents, 50 cents, $1.00 or hang in for the acquisition possibility at $5-7 /share. There are too many positive factors that far outweigh the negatives to ride this to the $1 and higher pps.
Pure speculation on my part but most of us know that Arrayit has been doing business with Thermofisher($17B)for some time. If you checked their home page(Thermofisher) you will see they that acquired FEI a $4B company last year. FEI specializes in analytical devices in the health field. They paid $107/share for the FEI stock listed on NASDAQ.
This is a perfect fit for both (ARYC/Thermo) parties and Thermofisher knows Arrayit's products. When Arrayit publishes it's financials, all cleaned up. no toxic stock and the pending law suit with already a portion dismissed it's a perfect target for Thermofisher. Their interest alone could drive the price of the stock into the $5-$8 range.
However, you need to take into account the founder's who may not be willing to give up control of their life's work to outside parties. It is a tough decision on their part but interesting for us to speculate on our investments up in that dollar range.
The significance is that big companies like GE, DuPont, J&J are besieged by small companies with advanced technologies to partner with them in development of that technology. They usually have a company task group that screens all these requests to see if there is any merit to proceed with discussions with the company that has approached them or one they have uncovered. They will not proceed with a face to face meeting unless they are interested in some sort of arrangement.
The task groups within these companies are paid salaries along with very attractive incentives--they will not waste their time if the technology is not promising and they,GE, can not make big bucks from the arrangement. Just getting in the door to meet is a chore. I have been there and know the resistance you get hammered with when you approach them. You better have something extraordinary or you are just wasting everyone's time and money
This is a great video to show the advanced technology of Arrayit.This diagnostic device can provide data on 10 different tests on thousands of babies for human diseases. Right now the industry can only run a few tests on individual babies. This is using DNA and introducing their protein line will provide more accurate data. I have to do some research on the protein devices but Arrayit is one of the leaders in the field.
The real impact is that their data can provide information to uncover these diseases at an earlier stage for treatment and saving lives.
A company with that kind of technology is certainly worth more than 1/2 cent/share.
You need to imagine the sweat and hard work the founders put into this company for 25 years to develop this tremendous line of devices.The financial issues had to take a back seat to what they were trying to do as scientists. Look at Einstein--he never cashed his checks. Management has now realized it is time to fix the finances and I am sure what comes out will be on a par with their technical achievements.
I don't believe the sales were 55 mil. What could be confusing is the company can book a contract or purchase order for that amount and it can consist of several items or services for that amount. Once they receive the order they start building it or performing on the service over several months or more. When the item is shipped it is then recorded as a sale. That is the true number for sales.
The items shipped out the door, not the purchase order figure, is the sale. So if a Purchase order is $10 million they might ship $1 million items per month but starting in the 3rd month after receiving the order So in the third month they record a sale of $1 million with a back log of $9 million.
It can get a little more complicated if they get progress payments from the customer for work done then this can be added to the sales number. It depends on how their accounting system is set up.
I believe part of the delay is due to revising their system to reflect a more accurate accounting of what percentage of work, material used, and service is completed and give a more accurate number for their sales and net profit.
Apologize for the long dissertation but I have been there and you can't guess what your profit is--you have to prove it with your numbers
I think they are doing it right and we will all benefit from this accurate accounting.
Everyone should view this reference site posted by you.You don't have to be a rocket scientist to recognize the complexity of this unit and what it offers to the medical industry. You have to ask how could a company of this size develop this equipment that will provide answers for some of the most devastating health issues facing mankind today. This includes Parkinson's, Alzheimer's, cervical cancer to name a few.
Their contribution to advances in health cures will be enormous in the future. It is easy to see where their focus has been within the company- lets develop the analytical devices first and we will take care of the financial aspects later.
The latter has arrived and they are arranging to handle the financial details.
Enjoy the ride!
As I understand that is a disputed loan not fulfilled by the investor. Stock redemption was not part of the loan. This case should be dismissed with part of it already dismissed.
Not when you have good news to report. In the past they were involved in several issues that needed attention. These have been resolved such as toxic stock, increased sales, higher net profit. full compliance with financial reports and tremendous technical advances.You want the financials to be issued as soon as possible but with emphasis on accuracy and supportable.
Why do you think the accounting firm recommended releasing the 1st Q financials at the same time as 2016. They saw the upward trend.
Once I read that the accounting firm was recommending adding the 1Q fins to the 2014, 2015 and the 2016 I was delighted. It can only mean that not only is 2016 looking good but the trend is better than the 4Q of 2016. It is worth the delay as it will provide support for the continuing growth of the co. JJ if your numbers are correct then the accounting firm is correct in adding in the 1Q 2017. I keep looking for possible events that could impede this projected upward surge of the stock but if they keep the employees fired up we will all get a tremendous return on our investments.
That is not illegal but doing what's best for their client. Having dealt with many banks over the year's in my business and they trusted my opinion on the projected contracts and eventual profit nothing compared to a signed audited statement from certified accounts. Only speculation on my part but very likely. Worth the wait.
This is a mixed bag. Accountants are always more conservative. It may be that the first quarter is very good and the impact on the PPS will be so positive that it is worth releasing to show the upward trend that was exhibited in 2016 is continuing.I'm betting on the up tic theory and the accountants working for their client's best interest.
You are proposing to get rid of the Chairperson and CEO who personally were responsible for developing/managing the full line of highly technical devices along with the advancement into protein analysis that has put them as one of the top companies in this technology. Pray tell who will lead the further development of this technology?
I do believe they have realized the need for better financial management thus the action to get financial experts in to correct this problem and move forward. I believe they will succeed.
Having owned my own company and needing to raise financing I can assure you that the owners of Arrayit have not forgotten the early investors who had faith in their company. You always remember the people who supported you in the early days.
They are doing their best to reward everyone besides them selves. They can only gain rewards if the company is successful. When the financials come out detailing their expenses my bet is that are not taking excessive salaries for working 60-80 hour weeks. Their reward is their technical achievements first and then the financial success of the company. We will all be winners from their dedication and hard work.
Who is selling and why at this stage? It took me a while yesterday to fill my buy order.Based on all the indicators it is a win win situation. Be patient the payoff is coming hang in there.
very good post nsomniyak. I think it is important to comment when you have had business experience to comment on postings that are based on the person's opinion rather than a factual information. It is very difficult since opinion's are a freedom allowed on this site.
Having owned and operated a growing small business I can relate to Arrayit management. They have been thru 25 years handling every aspect of the business involving first the technical development of a very sophisticated line of products (the top priority) then to to keep the money flow going to continue the development, satisfying the investors who's hard earned money supported them,the experience of failures associated with their research that didn't quite achieve what they wanted. Throw in the human resources needed to carry out this mission it is a tough road to success. How much time do you spend making sure every financial report you issue is perfect.
It is apparent without doubt that their first goal has been achieved of developing a technology that is without equal in their field.
Now management is addressing the financial considerations necessary to move the company to the next level of success and they are doing it in the right manner. This is a company is making a great contribution to mankind with their efforts--just read the reports regarding their advances in solving the detection of Parkinson's disease and tell me that is not a tremendous accomplishment. They are moving to the next level and everyone on this site that has purchased their stock is part of this tremendous achievment
Thanks for help and quick response.
I don't see when you are posting where you can enter the ref, number for the post you referring to with your comment
As mentioned before these audits take time but the fact that a blue chip accounting firm was hired indicates that management wants these audits to be accurate. The fact that it seems longer than usual also indicates the auditing firm is doing a detailed audit. They also have a integrity obligation if they want to stay in business as well as a liability issue. It is not as easy as some posters have indicated.
Another factor overlooked is Arrayit's surviving more than 25 years of business with lots of ups and downs. The biggest up is their development of some of the most advanced technical analytic equipment available to the medical field that will have a tremendous impact on lower health costs on managing treatment of some of our most devastating afflictions such as Parkinson's and Alzheimer's disease.
They are making a tremendous contribution to our nation's well being health and hopefully to all of us of this hub's wealth. Health and wealth to all of us that have invested in Arrayit.
Stockzoom I can understand your concerns but please read my post #41654 where I explain the financials in the real world. ARYC is using a blue chip accounting firm who probably gave them an estimated time to redo the previous years as well as 2016. However once they got involved I am sure they found out it is more time consuming than they realized. Look at the their product line and all the different models they advertise. Some are still in development and the bean counters have to estimate what they have spent in terms of labor, material and testing. These are complicated instruments and not mass production items. Even the technical personnel working on them may not have the answers so they have to make allowances on what the costs are to date and final costs.
They have to get a good handle on this to present a good financial statement.This is a tough job and I am sure management wants to make sure it will withstand any close examination for future investors and to make sure their profit projections are accurate. I would take the accounting time estimates as originally stated and double it.
We know the financials are the key to all of us making it big time so let's be patient and hang in there.
Nasomniyak is correct in that book value is straight calculation of assets minus liabilities with consideration for stockholders equity. Analysts can take these factors evaluate the company's products and potential sales and assign a market value which is important to future investors like most of us.
We see the great technical strides they have made, their reputation in their field and we are betting on them getting better. I like our odds. They have over 30 years experience with lots of set backs but smart enough to learn from them, correct them and move forward.the odds are on our side.
Good post Spotlt. Most posters here have never managed or run a company. A high tech company like Arrayit is difficult and requires a delicate balance between doing your research and developing products that can be manufactured,and making a profit to satisfy your stockholders. No#1 priority is to develop your product that meets a need and is in demand. Second you have to do it better that your competitor in such a manner that it is cost effective. Arrayit has done the hard part. They are recognized on a Global basis. They are not going to be given invitations to speak at these highly technical conferences unless they can add something to their very highly complicated industry. Read these inquiries and who they are coming from--very prestigious and respected organizations. The word spreads and that is why they are getting the recognition and the big payoff is just around the corner. Enjoy the roller coaster ride and the payoff will be even more enjoyable.
Don't be concerned about 90 day limit on filing. Only a guide line. IRS/SEC is reasonable despite public impression. They want companies to succeed to continue to collect taxes and fees. Been there and as a small business owner found them to be reasonable for justifiable cause.
Arrayit has been in business for 25 years and I am sure they have paid their share of corporate and payroll taxes or they would have a trail of liens on file.
After reading all the DD's filed I feel their technical achievements have exceeded their competition and they are now addressing the management/financial aspects. They are doing what any prudent business owners would by making sure their house is in order for the next step forward. Be patient an accurate and reliable audit takes time and is well worth the time and money
In regards to the financials and all the speculation. To redo financials of this technical depth with all the highly complicated equipment Arrayit has designed and manufactured is a very difficult undertaking. Each item has to be evaluated and determine what percentage has been completed to allow the auditors to assign a realistic value to it's financial worth. This is compiled so a dollar amount can be assigned and added to the companies net worth. A blue chip auditor will be very cautious and conservative in their numbers. I am sure they are concerned about their legal obligations and reputation. Remember this is new customer and their auditing team is on a learning curve. They need to get it right and any smart investor will examine the financials closely to make sure the auditing firm did their job. I truly believe the delay in having the financials completed is due to the complexity of the task. The plus is knowing when they are completed it will be a true picture of the company's worth. From my experience management is doing it right and trusting the auditors to get it right.
Transfer funds by wire transfer will be received in hour. ACH will take 3-4 days ACH is check on line to account on line Clearing House