Arrayit Corporation (ARYC)

[janice shell]

Mark is under no pressure to file because under the Jobs Act of 2017 emerging firms - size under $1 billion - are not required to file with the SEC because the Sarbanes Oxley provisions are too onerous and expensive.

That is not true. Smaller companies have reduced Sarbanes-Oxley obligations. Changes have been made to the circumstances under which private companies are FORCED to register with the SEC--another requirement that was changed is the number of shareholders of record, which increased from 300 to 2,000--but that has nothing to do with companies that CHOOSE to register.

To explain further, Google was forced to go public because it was too valuable, and had too many shareholders, not to do so. It isn't just a question of size; the company must also have numerous shareholders whose interests need to be protected.

ARYC is one of those that chooses to be a registrant, but doesn't comply with its filing obligations.