Arrayit Corporation (ARYC)

[mdimport]

There's someone I know who claimed to be a large shareholder in $ARYC for many years. If I recall correctly they claimed to have purchased the stock somewhere between $0.0005-0.0008.

My discussion for many years was mainly centered around $ARYC's then-seeming inability to file financials (could it, would it, why not, etc.). That led into discussions about the claims $ARYC made on social media which couldn't ever be verified in because the periodic filings were non-existent (SEC culpability by failing to act).

Several times I mentioned that: "if you ever get lucky and the share price takes off, get smart and book profits because the company cannot or will not file its reports."

I have no idea if that was ever listened and acted on, but I hope so. Also I find irony in the fact that we are in mid-2021 (4/5 years on from the initial discussions with my friend) and people can still have the "cannot / will not file financials" discussion.

As you know I believe the SEC was at fault for not acting soon enough by suspending $ARYC while it was a fully reporting company. I genuinely have no idea if the company can survive / avoid Chapter 7 although I suspect there is no alternative based on what happened with Theranos. I also believe having $ARYC continue to be tradable, even on the Expert Market, is an ongoing failure by the SEC which ultimately harms new investors who haven't seen the mountain of litigation.