InvestorsHub Logo
Followers 12
Posts 221
Boards Moderated 0
Alias Born 10/14/2015

Re: Jeffpacman post# 46083

Thursday, 05/18/2017 3:52:40 PM

Thursday, May 18, 2017 3:52:40 PM

Post# of 205097
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.