Arrayit Corporation (ARYC)

[Han2004fl]

Yes, the fact that they issued themselves that many shares for the back-owned salary ... is it justified? Maybe it is.

A company recently issued over 1.5 billion shares to CEO and now the CEO owns more than half of 4 billion shares (recently were just few hundred million shares). But that is for a back own salary of few years. The company is going through the same situation here concerning to M&A.

But on the bright side, it went to Preferred Stock. It doesn't have to be converted if they choose not to. Maybe they will have good hearts not to convert but are using this as collectively control the company so it won't get taken out under them?