AI
Wednesday, April 29, 2020 4:57:25 PM
For sure the SEC is going to prosecute $ARYC for both financial fraud and fraudulent misrepresentations claiming the company developed an approved COVID-19 blood test.
I read your post. Then I re-read the $ARYC trading suspension and matched it up against the list of Emergency Use Authorizations (EUA) authorized manufacturers and labs. $ARYC is not on that list.
If you read the specific language in the trading suspension, it states there was "... information in the marketplace since at least March 2, 2020, claiming the Company developed an approved COVID-19 blood test. ..."
Game over.
https://www.sec.gov/litigation/suspensions/2020/34-88623-o.pdf
This list is the entire list of coronavirus test kit manufacturers and commercial laboratories, including the date the EUA was issued on.
https://www.fda.gov/medical-devices/emergency-situations-medical-devices/emergency-use-authorizations#covid19ivd
I read your post. Then I re-read the $ARYC trading suspension and matched it up against the list of Emergency Use Authorizations (EUA) authorized manufacturers and labs. $ARYC is not on that list.
If you read the specific language in the trading suspension, it states there was "... information in the marketplace since at least March 2, 2020, claiming the Company developed an approved COVID-19 blood test. ..."
Game over.
https://www.sec.gov/litigation/suspensions/2020/34-88623-o.pdf
This list is the entire list of coronavirus test kit manufacturers and commercial laboratories, including the date the EUA was issued on.
https://www.fda.gov/medical-devices/emergency-situations-medical-devices/emergency-use-authorizations#covid19ivd
The paradox of iHub: buy high, sell low
