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Given the abysmal volume and with the sell volume at 400K shares vs a buy volume of 100K shares, even the most optimistic of us have to admit that whatever Mark and gang at ARYC is going to release - and it has to do with the audit, as per Mark's email - it cannot be good.
The market usually knows these things.
If it is bad news - delay, change of auditor etc - Mark should be held to another promise he made in an email response: HE SHOULD HOLD A CONFERENCE CALL WITH SHAREHOLDERS. ENOUGH IS ENOUGH.
This is all so sad, predictable and horribly depressing.
First tweet ever from ARYC that specifically mentions MEDICARE as a client for their testing services, although I don't know what "supplemental medicare program" means. Maybe Medicare Advantage insurance?
It is vague as ever, with no amount etc and open to all kinds of interpretation. It could be that Mark decided to drop in the word Medicare to pump the stock.
"Arrayit clinical sales team reports allergy testing services Medicare sale to a top health benefits company headquartered in the Southern USA and providing premium commercial healthcare coverage to senior Americans through the supplemental Medicare program"
Sad, true and depressing.
Agreed. Always a pleasure reading your posts, and MikeCr.
If or when the good, bad or indifferent 8K is filed by ARYC, it should be viewed as the closest thing to the truth to come out of the Schena clan since 2016.
Mark and gang are slimy and slithery as they come, but they are not dumb.
They would not lie to the SEC.
Sad, true and depressing.
Interesting. I did look at several Sutter clinics in the Sunnyvale area. Almost all of them provide Allergy testing services.
From the verbal description of the tests "skin prick" and "breathing" tests, it does not appear they test for allergies using ARYC'S technology/test.
In any case ARYC is not mentioned anywhere.
A sample description of allergy tests from one of the clinics is below.
"No matter your situation, board-certified allergists in the Sutter Health network have expertise in strategies that can reduce symptoms or even modify your body’s response to allergens. Diagnostic measures include skin testing and breathing tests. Traditional treatments include medications like antihistamines, which temporarily block the chemical (histamine) released by your body during an allergic reaction, or corticosteroids, which suppress the inflammation caused by a reaction. Once you choose an approach to treatment, your allergist will provide medication management to ensure you continue to experience positive results."
Sad, true and depressing.
What is your evidence?
Remember ARYC tweeted about it, and then deleted the Sutter name from the tweet.. It is still up.
Did you ever find out about the relationship between ARYC and Sutter?
TIA.
You say:
A truer sentiment has not been posted in a long time.
Unfortunately they are few and far between.
Sad, true and depressing.
The 8K MIGHT announce that ARYC has received FDA approval for their mystery device
If that were true word would have leaked and volume today would be 20 million shares and the price up 100%.
Sad, true and depressing.
Are you referring to the release of the upcoming 8K or something else?
It has occurred to me that given how disingenuous Mark's behavior has been, a falling out with RRBB may be a deliberate attempt to slow down the audit process and the release of financials.
This maybe necessitated by the delays in resolving the Iconic and Taub lawsuits. So for instance the Iconic matter is now scheduled for September 13th.
Just a thought.
Sad, true and depressing.
If Mark waits to file the 8K on Friday after the bell it will definitely not be good news.
I should add that many of the amigos who posted on this board regularly and visited with Mark as VIP shareholders have melted away into the shadows.
Sad, true and depressing.
Mark's email promising an 8K with regard to the audit in the very near future cannot be taken as good news, any way you spin it.
As others have noted Mark used an 8K back in 2016, to announce the hiring of RRBB.
That is what will happen, most likely. In order to minimize the negative fallout from this announcement, expect Mark to pump/highlight an accelerated time schedule for release of the audited results.
But given Mark's past history......
At a minimum Mark should negotiate/ensure that RRBB resigns without mentioning any negative issues with the audit process.
Sad, true and depressing.
After doing my DD I am now certain that the supposed email from RRBB to a poster is pure fiction.
The poster btw is a resident of a small island nation in Asia called Singapore. So posting fictitious stuff on a non descript US based stock message board is not going to get that person into any trouble.
According to my sources RRBB would NEVER EVER respond with information about a client to an individual shareholder. This would be true even if RRBB has stopped operating as ARYC'S audit firm but management has withheld
this material information from shareholders.
As I have noted before, the latter event is a distinct possibility.
Sad, true and depressing.
Can this really be happening.
With about 2 hours of trading left, ARYC has traded a horrifically low 90K shares.
And this supposedly just before another earth shattering PR on Monday.
Folks nobody believes. ARYC has lost all credibility with the investment community.
The tweets have zero impact.
This is all so horribly sad and predictable.
I get that the CE label is an impediment, as is Mark's frequent failure to keep his word.
Still this is the wild west, i.e. stinky pinkie land, where dreams of riches fuel buying, the hell with prudence and DD.
At 5 cents a share, daily volume should easily be north of 5 million a day.
Sad but true.
You say ARYC is so transparent so it can't be a fraud. Well let me tell you a story.
Some years ago Tiger Woods was closely involved with a company that was supposedly selling a vial which included a liquid, one drop of which could restore all bodily fluids. The ticker was DROP.
It was "revolutionary". Tiger even carried their bag for a year on the PGA tour.
The company was very 'transparent" as you say. There were TV interviews galore - one on Maria Bartaromo's show on CNBC - with Tiger pushing the product. Damian John from Shark Tank was helping to market the product.
But in the end it was exposed as a fraud.
So don't be too sanguine.
If this technology is so revolutionary why does Mark not provide a VIP tour to people in the know, not run of the mill shareholders.
Sad, true and depressing.
This should worry you.
For any other stock news of this sort would send the stock price into the stratosphere.
But here there is no impact on price and volume.
This is actually very worrying.
Sad but true.
The thing I have never understood is why never once has a legitimate news outlet or stock analyst ever mentioned ARYC and it's "supposed" revolutionary technology.
Why has for instance word never leaked that almost every one of the largest health care providers in the US are using ARYC'S allergy test? This is assuming one believes ARYC'S tweets.
This sort of thing does not happen.
Something is not right here.
I don't know what it is, but we will eventually find out.
Sad, true and depressing.
With no positive catalysts in the foreseeable future, there is nowhere to go for ARYC but down.
Tweeting unverified allergy sales amounts to unnamed health providers and tweeting two new signups per day to ARYC'S free allergy website, is just not cutting it.
Mark and gang need to come up with a new dog and pony show.
Buying interest is essentially non existent and big holders keep dumping 100K lot shares whenever the bid will support it.
What a sad sad state of affairs.
It will be fun to see Mark concoct all sorts of absurd excuses for why financials will not be forthcoming in Q2 and possibly Q3.
Of course if ARYC is suspended by then......
Sad, true and depressing.
The Iconic law suit hearing is now scheduled for Septemebr 13th 2019.
No financials will be forthcoming from ARYC till after that date and depending on the judge's ruling.
YOU CAN TAKE IT TO THE BANK.
NOW WHO AMONG US IS WILLING TO WAIT TO SEE IF FINANCIALS ARE RELEASED AFTER THAT DATE?
REMEMBER THE SEC COULD WELL HAVE SUSPENDED ARYC PRIOR TO DATE DATE.
THIS IS THE REALITY.
SAD, TRUE AND DEPRESSING.
No evidence that these amounts are true.
But even if they were, at BEST ARYC will collect around 25% to 30% of that amount.
This is a piddling amount and will generate about $25 million in annual revenues.
Sad, true and depressing.
Call and write Mark and tell him that we - long suffering unsophisticated greedy naive shareholders - are mad as hell and we will not take Mark's BS and lies anymore.
Failing release of financials ASAP shareholders will be chartering Sir Richard Branson's space ship and sending the Schena clan into permanent deep space orbit.
Outrageous and shameful behavior by ARYC'S shady shifty management troika.
Sad and depressing.
The tweet below - posted today by ARYC'S extremely shady slippery management troika - looks suspiciously like a recent tweet, both in terms of dollar amount and the size of the health entity that was billed.
I don't have time to review past few days tweets.
I put nothing past Mark and gang as he desperately tries to keep ARYC afloat.
Sad, true and depressing.
"Arrayit clinical sales team reports $376,394 billed for clinical testing services to top health benefits leaders HQ in the USA and providing premium commercial healthcare coverage to 125 million members on aggregate annual revenues topping $330 billion"
Even I have to tell you all that this stuff is old and not up to date.
Do some more DD.
ARYC'S labs do all the test processing for Pinner.
Unbelievable.
ARYC has been trading over a penny a share for more than six months.
So Mark could easily ask that ARYC be moved up from the pink sheets to the OTCQB where they used to trade till mid 2016 before they were busted down to the pink sheets.
So why isn't he doing it?
Answer: because then he would have to file financials per SEC rules.
Sad, true and depressing.
As expected ARYC is going nowhere.
Volume is horrendous implying no buyers.
This recent move is just a technical bounce. Last week the RSI was in the low 30's. So it has jumped. Once it reaches around 50 down it will go again.
There are no catalysts, and Mark and gang - arguably the slimiest shadiest management troika on the pink sheets - have no reason to file financials till the Taub case and the Iconic case are adjudicated.
I have been CORRECTLY saying this for months.
Sad, true and depressing.
P.S. One last thing: There is no deadline or need to file financials with the SEC if a stock trades on the pink sheets.
Most tweets of late from ARYC are complete BS fluff tweets. Few if any involve sales.
The vast majority are invitations to attend conferences and publish.
Folks honestly if you know Mark you better read him the riot act. At this pace ARYC will be obliterated in a couple more months.
Sad true and desperate.
Looks like the the 4 amigos were not impressed by what they saw, after their visit last week to ARYC'S warehouse HQ.
They were probably shocked to be greeted by an eerie silence and no employees, except Mark, looking disheveled and panicked, like he does in the photo.
Honestly even after visiting, most have left with no real clue about what ARYC is up to.
Have to hand it to Mark: The OTC master of shake and shimmy, obfuscation and lies.
And so it goes....
What a sad state of affairs.
A careful review of tweeted billed amounts by Mark and gang at ARYC, clearly shows that the amount's billed are declining with every passing week. Just 4 weeks ago most billed amounts were in the $400K range, now we are down below $200K. These billed amounted will stop in a couple of weeks.
Also the number of clinics signing up - does not mean that sales are being generated - have dropped to two per day rather than three. I expect to see one per day soon.
And lastly the quality and heft of the bi weekly PR's have declined. PR's over the last few weeks are pure fluff and worthless.
I expect Mark to stop the bi weekly PR's soon, because ARYC has run out of things to tweet.
Sad, true and depressing.
Folks need to be waiting with bated breath for any possible postings from the 4 amigos who are scheduled to visit ARYC'S dilapidated HQ tomorrow afternoon PST, after they have drunk the specially concocted "Mark kool-aid" and got a tour of an eerily empty facility with ZERO employees.
Unbelievable.
Sad, true and depressing.
I am sure Mark has been peppering selected posters with vague emails promising that financials "are a priority" and he can't say more because ARYC is in the interminable "quiet period".
Sadly nobody wants to post these types of nonsensical and lie filled emails from Mark anymore.
Sad but true.
With their 150K fake (purchased) twitter accounts ARYC used to tweet one of those silly tweets comparing their twitter followers with other firms, every day for years.
Who does this stuff?
Answer: Slimy shady unprofessional types.
Sad, true and depressing.
Predictably and shamelessly Mark and gang have gone to ground as ARYC misses another financial deadline.
This particular one is the 10Q for Q1 of 2019. Today is the deadline to file and unless by some miracle ARYC files a 10Q-NT by 5pm today this too shall become delinquent.
Honestly there is ZERO excuse for Mark not to have had the Q1 10Q ready to file. It does not need RRBB's signature, because 10Q's don't have to be audited.
Something smells to high heaven.
What a sad depressing and predictable state of affairs.
Call and write Mark and tell him that we - long suffering unsophisticated greedy naive shareholders - are mad as hell and we will not take Mark's BS and lies anymore.
Failing release of financials ASAP shareholders will be chartering Branson's space ship and sending the Schena clan into permanent deep space orbit.
Outrageous and shameful behavior by ARYC'S shady shifty management troika.
Sad and depressing.
Not true. There can be sells without buys.
MM's exist to buy up shares for sale if there are insufficient buyers. That is what MM's do to maintain liquidity and price stability in the market for individual stocks.
Without them given that today sells outnumber buys by 10 to 1, ARYC would be down huge.
Thank god for MM's.
Unbelievable.
Only in stinky pinkie land.
Sad true and depressing.
The thing everybody needs to ask themselves is if this allergy test is so revolutionary and so many large and small health care providers across the US are using it, why has:
THE TEST AND THE NAME OF ARYC NEVER MADE IT INTO THE WIDER MEDICAL AND MEDIA WORLD AFTER ALL THESE MANY MONTHS?!
WHY WOULD MARK NOT WANT THIS KNOWN MORE WIDELY?
Honestly and objectively, something smells to high heaven.
We are about to find out.
Sad, true and depressing.
Because sadly the revenue generated for ARYC is a tiny fraction of the amount billed.
I would not be surprised that if the majority of the allergy tests are funded through Medicare and Medicaid, ARYC might be generating less than 5% of the billed amount and then only after several months.
Private insurance might yield less than 10% of the billed amount.
Typical Mark strategy. Exaggerate and engage in obfuscation and borderline lies.
Sad and depressing.
For all posters:
If you know Mark you know that almost everything he says is exaggerated and borderline lies.
Nothing he says ever comes to fruition.
To wit: the average time to get instrumentation approval from the FDA is seven months.
Mark tweeted standing outside the FDA building - how cheesy or was it photo shopped - in July of 2018 that the FDA would definitely grant approval.
Well it is now coming on 11 months. But no mention of this ever again.
Typical ARYC. Nothing ever comes to fruition.
Absolute disgrace.
Sad and depressing.