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I don't think your assessment of MM price manipulation is correct.
Too many nefarious motives are subscribed to MM's unfairly.
They play a crucial role in stabilizing prices especially in thinly traded pink sheet markets.
If you want to see the volatily and carnage just go look at some shares trading in the grey market, where there are no MM's.
JMHO.
Since roughly mid November to today ARYC's pps has gone from .0008 to today's .0192, which is a stunning 2300% rise in price.
Surely the stock needs to consolidate a bit before it goes higher.
JMHO.
Sorry Mike I stand corrected. I think you speculated that ARYC might not release 10K till after the Iconic lawsuit is heard in October.
I do believe that is a possibility.
One other thing that I find bothersome.
People keep posting that ARYC's daily sales amount to $30,000+ per day.
Yet there is no evidence that it is anywhere near $30K per day.
Looking over the last few days it appears closer to $20K or so.
Let's try and be accurate.
"surplus earnings"? doubtful.
They are drawing on the revolving line of credit to finance this expansion.
Remember also that ARYC is being sued by the very people who gave them the $5 million line of credit.
I do agree with several people on this board that ARYC is now in the grip of daytraders.
The trading pattern the last few days clearly bears that out.
An early volume surge drives the stock up but by days end ARYC ends flat to down.
Not good because this type of trading makes people nervous.
I agree with MikeCr and Delsurfer that many of ARYC's tweets are deliberately vague, misleading and open to interpretation.
Some of them are also subtle attempts to pump the stock by somehow linking ARYC to better known stocks, like today's tweet comparing ARYC's business model to Thermo Fischer (TMO)and making it sound like the Wells Fargo analyst mentioned ARYC.
This kind of stuff really makes me nervous. Reputable mature companies don't do this kind of stuff.
Still I am willing to overlook these things for now.
People keep saying
1) earnings were $8 million in 2016.
Surely that is just a guess. As far as I know ARYC has not filed a 10K for 2016. I also think the person means Revenues and not Earnings. ARYC has always reported a loss.
it looks sort of suspicious to me.
Almost like it is made up.
JMHO.
Thanks ARYC for tweeting about Thermo Fisher's 10Q, when will tweet about your own overdue 10Q's?
This is getting comical.
Another day and more ho hum trading.
If ARYC does not release the 10K's and 10Q's by the end of this week, this stock could take a hard dump as the impatient types start to bail, like yesterday.
JMHO.
UVS thanks. Good to know. Hope you are right.
Well I am sort of relying on Mike Cr's post some days ago where he speculated that ARYC maybe slow walking the 10K process till after the court case which is scheduled to be heard in October.
The case was brought by ARYC's financier who claim ARYc has illegally stopped them form selling shares.
This is what I am afraid off. ARYC won't come through again. They have a history of not delivering.
Just go back and do some research. As I posted yesterday they promised to pay ARYC shareholders a stock dividend in AVDX over a year ago and nothing has happened.
I would not be surprised. Apparently they only 6 or 7 employees.
Not unlike the two weekend tweets about being able to see Apple's new building and Pharmacyclics building with their roof top camera.
Pharmacyclics was acquired by Abbevie in 2015.
Just makes ARYc look bad.
Wish they would stop.
Let's hope the wait for the 10K does not become an interminable wait.
I was reading some old past messages and noted ARYC had promised to pay shareholders dividend shares of AVDX a year ago, and nothing has happened.
Not good.
1.055 billion shares.
Are you in real time communication with management? How did you know that an update was coming any minute?
How should we interpret the word "request" in the two most recent tweets today from ARYC?
I am beginning to see what Delsurfer means by ARYC tweets being deceptive.
Why do this?
Just a heads up to us that ARYC will receive payment from Novartis, for something ARYC sold Novartis a few days ago. They tweeted about it.
This sort of tweet is just ridiculous.
A lot of people are posting that ARYC has the skull and bones sign, hence nobody is buying.
On I hub ARYC has the "PN CE" letters next to their ticker. this means Pink, Limited Information, Caveat Emptor.
But on other boards e.g. TD Ameritrade ARYC has been trading for the last few months with the CE designation gone. There is no Skull and Bones.
ARYC has the letters "CV EM".
Just thought people should know.
in my opinion I Hub has old information.
That is what I am thinking. If the twitter sales are accurate then for 2015 revenues will be somewhere between $2.5 million and $4 million and somewhere between $4 million and $7.5 million for 2016.
The only real surprise will be if they report a profit.
I wonder if this stock is turning out to be a "buy the rumor sell the news" story.
Down on good news and a new stock promotion commencing today.
Even the volume seems lower than normal.
On the pink sheets nothing makes sense.
Even with $30K in sales a day and assuming 250 business days a year, that is only about $7.5 million in revenues a year.
At .10 cents that puts ARYC's market cap at around $100 million. Not possible.
I think 2 to 3 cents is max share price even after release of financials.
JMHO.