Arrayit Corporation (ARYC)

[Perceptive]

I was just going through the filing from Dec. 2016. In detailing the revolving line of credit that aryc has with TCA Global it states that they have 90 days to become current and report with SEC. It then says later on in filing that if they are in breach of any of the term the lender can convert the loan into shares. Being that they did not file with in the 90 days, does this mean that it's possible that lender has been diluting the company for the past year due to the breach in contract? If anyone can comment I would appreciate it.)