Repost: Posted by: Sloan89RH
Memorandum For Investors/Speculators Concerned About Arrayit Corporation
On Oct 3, 2019, I visited Arrayit Headquarters in Sunnyvale, California. Upon my return home I posted a brief statement about the visit. My comments were, by necessity, general in nature because of the quiet period that Arrayit is honoring as a result of the SEC Form 15. Some on this board appreciated the feedback. Others have accused me of fabricating my account of the visit and not going at all.
As a consequence of the April 1, 2019 disappointment and the subsequent filing of the SEC Form 15 all sorts of rumors, conspiracy theories, speculation, and outright lies were propagated on Social Media. A partial list of these include the following:
. Arrayit is a scam
. Arrayit is bankrupt
. Arrayit operates in a strip mall
. Arrayit is selling off its equipment
. Arrayit is having yard sales to raise money
. Arrayit isn’t paying its rent
. Arrayit has been evicted from its facility
. Arrayit doesn’t produce anything
. Mark isn’t even in the U.S.
. The electricity has been turned off
. Mark is on the run and has left the country
. This pig is being delisted for non-compliance
As a result of the constant stream of BS and innuendo I started to wonder myself if any of the assertions might be true. I certainly didn’t think they were true but I’m sure some reading this also began to wonder. I do much of my own research and I am an accredited investor so the best way for me to confirm or deny the allegations being made was for me to go to California and find out for myself.
Since I will be travelling for the next seven weeks and unable to pay much attention I want to state the following: I went to Arrayit’s headquarters and was fortunate to visit with Rene, Mark, and staff members. I asked lots of questions. Did I get specific definitive answers to all of my questions; the answer is no…because of the constraints imposed as a result of the SEC Form 15. Was I able to get a sense as to whether Arrayit was a profitable going concern and that management was doing their best to execute on its business plan? The answer is a resounding yes. Would I be inclined to add to my holdings at these depressed prices even without the financials? The answer is also yes, and I have for the last few trading days.
In conclusion, my trip was well worth the time and expense. Although I wasn’t able to get all of the answers I was looking for during my visit, I certainly was able to debunk the nonsense outlined in my second paragraph. I am very comfortable with my investment and willing to be patient with Arrayit’s management strategy.
AI
