Phone Conversation Part 2
1). During my conversation yesterday with Mark, he said one of the complexities in medical billing was how companies was rendering payments. He refused to go into any details but did say that the payments they received was not often in full or came in multiple payments.
He said the difference in properly accounting for sales vs payments in full for one quarter was roughly 50 million dollars.
(I can only imagine he was referring to payments from medical offices, insurance, and Medicare for a song sale).
He also stated that they would need to seek outside help to solve the problem which again points to their inexperience in business.
2). When pushed (and I pushed hard) about who advised him to change to filing all years at once he said: Legal Counsel, Regulatory, Other Businesses who had been in similar situations) and the famous Advisors.
I asked if Regulators was in fact the SEC he said YES. I was stunned and immediately asked what department within the SEC provided that guidance and who specifically. His response was more shocking when he said “I don’t know “.
I asked who does have this information and if it was Rene or the attorney. He said yes. I asked him for at least the department within the SEC that provided that advice. We will see if if he gets it for me but I’m not counting on it.
When asked about the timeline from summer, fall, and winter deadlines and when specifically they knew dates would not be meet he struggled going back to his talking points.
It seems that Mark has absolutely no clue or involvement with the business side. He struggled to have any in-depth conversation regarding that side of the business.
It would be in shareholders interest to put pressure on Rene to start answering questions because she is the one who supposedly has the business acumen.
Mark stated that RRBB can’t and won’t provide a date for completion and what they provide are estimates. I don’t think he understands how you state something as an estimate vs a fact.
He mentioned investors saying “Mark needs to release financials “ following it up with “Mark can’t release financials” (a clear sign he reads the board and is most likely on here as an alias).
Finally, Mark was completely aware of the pps yesterday (we talked as it was crashing) yet it was not a concern.
The daily fluctuations in price is not on their radar.
That’s it for my conversation.
My summary hasn’t changed.
Arrayit knowingly provided false information to investors via email.
The Board of Directors is in over their head.
No one currently in that office has experience managing a publicly traded company.
Without an experienced CFO being hired (within the next 3-6 months) they could run themselves out of business and destroy everything.
