Replies to post #18826 on Arrayit Corporation (ARYC)

[General_Sevier]

Only buyout might be a stalking horse bid in Chapter 11 for $1 million.

Since liabilities are $8 million and that doesn't include possible IRS tax assessments for penalties and interest that means the common stock is WORTHLESS

And it doesn't include the large damage awards the Taub/Zalcberg Plaintiffs will win in court.

With the current fully diluted common stock equivalent shares are over 700,000,000 and climbing, the market cap at $0.005 is $3.5 million.

With liabilities of $7 million over assets, that's a "pro-forma enterprise value of almost $11 million (before IRs exposure and Court damage award exposure).

With annual sales of under $4 million at best, there balance sheet and losing money every quarter, ARYC's pro-forma enterprise value should be less than one times revenue.

So before even considering IRS exposure and litigation damage award exposure, ARYC's pro-forma enterprise value would call for an 80% CRASH in the stock price.

Adding in the other exposures and their out of cash and squirming to pay what they can of their overdue liabilities and adding in any fire sale valuations on anything in chapter 11, you might argue the stock is worth $0.0002 right now....