Arrayit Corporation (ARYC)

[Gotham Bay Group]

DD on this company will confirm ARYC was forced into this delay by the previous auditing firm and under staffing which are the most plausible reasons behind the delay. The link supplied in post #50001 is designed to sell RRBB's services but it omitted the cause of most legitimate late filings, under staffing. This situation is only complicated by the previous auditing firm’s replacement.

A company sometimes mistakenly believes the personnel required to maintain these reports are optional. Instead spreading the burden across already taxed management. This is common in all businesses public or otherwise and can quickly become a deep hole to dig out of. As with every good idea gone bad it starts out innocent enough but morphs into a serious situation in time. The resignation of ARYC’s auditors makes this considerably more time consuming retracing previous years to confirm accuracy.

While fixable it can take some time due to produce lost or misplaced information. They appear to be in communication with the appropriate departments that are quite patient if progress is communicated properly which is some of the purpose behind hiring a firm to produce the filings.

By merely analyzing the corporate information publicly available, leads to the conclusion a firm such as RRBB should be very close to completion by now. ARYC share price has decreased as a result negative sentiment regarding the questionable nature of any non-reporting company. The results will be positive which is further demonstrated by the silence regarding the situation. One would expect an OTC company to already be combating a negative release by now.

This is not the case. ARYC has been status quo for a while now while SP increases over the last 30 days in positive anticipation.

IMO