Anyone wonder why Mark didn’t just take a plea, everyone else seemed get off easy when Compared to the allegations. Supposedly tens of millions of dollars in fraud, and a $50,000 fine is all Arrayit had to pay in settlement... Taguchi can still change her plea if Mark is found not guilty. Rene can’t be a CEO of a public company, so what do you thinks gonna happen if the case does go that way. Surely they will be more inclined to sell. Put this chapter behind them and a lot of money in their pockets for all their years of hard work... also curious, why after a couple years of bringing info to Roche’s attention that it is stated that they acquired Arrayit in 2013, it still remains. Even after response from both Roche and Genentech acknowledging this info. It’s still there. Something is off here. Also, why did the SEC allow this to go on for so long if they were concerned for investors? Seems like they didn’t do their job if they allowed Arrayit to trade so long without filings. Now they wanna bring it up?
Another thing I find interesting is this, the complaint says Mark said he had 50,000 orders, but hadn’t even ordered the reagents for the tests.
But he never once said that, he said “requests” There is a big difference there. I can request a test all I want but if it isn’t ready yet I can’t order it. So if anyone can find a quote from Mark stating that they had 50,000 orders I would love to see it. Because here is a quote from him and this is the quote under scrutiny...
“Dear Valued Customer, We received more than 50,000 requests for our finger stick blood test for SARS-CoV-2, the virus that causes coronavirus disease 2019 (COVID-19). Our team is coordinating with local, state and federal agencies and with our distributors to make this test available to as many patients as possible on an expedited timeline. Please consult our website and press releases for updates.”
Well dang, I don’t see the word order at all do you???
“To make it available” sounds future tense to me..... but hey...
This lawsuit is rubbish.
And don’t even start with kickbacks.... as the fact that they could get paid for both tests was considered to be such. That’s BS. Scientific community has already agreed and stated that it is sometimes medically necessary to combine an allergy and Covid test. So...
All this crap says is “according to the complaint”
There is a reason some one or some few are still buying this up slow and quietly, bet some are the ones that are bashing daily.
You know Why nobody is on the boards of so many dead stocks. Because they are actually dead. Just saying.
AI
