Replies to post #10089 on Arrayit Corporation (ARYC)

[MikeCr]

Time will tell what's the final number. I'm saying 320M give or take.
As for a shareholder vote, can we vote for a new CEO. Who can put that question on the ballot?

[General_Sevier]

Latest estimate on shares is we probably need 320 million to 330 million to get most all the converts done, with the exception of the $75,000 that can't start converting until the end of September 2015.

I had earmarked 75,000,000 to 100,000,000 for that conversion, when it was looking like the convert would be around $0.001.

The convert ratio on that is subject to trading prices in September. Lower if we set new lows in September and higher based on how much off the lows the stock bounces to, if it bounces.

The A/S is 480 million and about 45 million is marked for preferred stock and warrants.

when we hit about 320 million to 330 million it should be almost over for now and they can't borrow more to make it worse.

Then you watch the lawsuit play out over 2015 and 2016 and see what happens before September.

[ANIA77]

They have 20M authorized preferred. .. but not many issued. . Can they issue prefered to out vote commons?
Series A is 10:1
Series B is 350:1 voting power..
Company owns over $500k to officers, directors, families. . Wondering if they can grab some preferred. ..
Otherwise yes, looks like shareholders voting to increase AS... plenty to dilute before that though...
Let's see what happens. . I'm just watching curiously lol