Arrayit Corporation (ARYC)

[janice shell]

Someone alluded to Arrayit not wanting the public scrutiny on their tech (a la Theranos)-so waiting as long possible to let financials out-is this BS?

Yes, it is. When companies go public by registering with the SEC, they accept the obligation to file periodic financial reports. That is required by the Securities Exchange Act of 1934. If they don't want to do it, they can simply terminate registration.

If ARYC continues to disregard its obligations, at some point the SEC will suspend trading and revoke the company's registration. From then on, ARYC shareholders will own stock in a private company. The company will, if it wants, be able to start over from scratch by filing a new registration statement. Many say they'll do that; few actually do.

Earlier this month, on 9 May, the SEC revoked the registration of ARYC's sister company Avant Diagnostics (AVDX). It had been delinquent one year FEWER than ARYC.

https://www.sec.gov/Archives/edgar/data/1451929/999999999719004263/filename1.pdf