Replies to post #10420 on Arrayit Corporation (ARYC)

[MikeCr]

320M range was my guesstimate also 4 days ago.
The OS was around 70M on May 12th when they had $475K to convert.

Post 9635

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114766594

Quote:

"They needed to convert the $475,000 convertible debt they showed on the 10Q as of May 12.
Since May 12th close to 200M shares have been issued.
So that accounts for most if not all of the $475K debt

I'll go out on a limb and guess they are going to issue 50M more shares. For a total of 250M total to cover the $475K

$475K / 250M = 0.0019/share average.

The total O/S share at the end would be in the neighborhood of 320M. IMHO

But based on the historical valuation of 1X ttm $4.1 M annual revenue
the valuation should be at least
$4,100,000/ 320M= 0.013 pps .....double what it's now "