The buzz is Chapter 11/7 and the only buyout one could expect is somebody picking up the scraps for in Bankruptcy for maybe $1 million....With over $7 million more in liabilities than assets and that's before any IRS exposure and the near certain damages against ARYC in the current litigation, than means shareholders get ZERO ---- All IHMO
IMO their 2 tweets from 4 days ago are big clues that they are moving forward with M&A (Merger & Acquisition) plans:
Arrayit confirms conference call with private capital and M&A strategic consulting experts Mastiff Group Manhattan NY mastiffllc.com
Arrayit submits ARYC life science mergers and acquisition M&A and strategic growth plan to Falcon Global Acquisitions falconglobalacquisitions.com
I think there are already potential buyers who may be bidding for $ARYC, but $ARYC needs to get a good plan from either of these consulting companies about what an acceptable valuation is for their company in its current state and how they can properly position themselves for a good acquisition.
I think a merger/acquisition is not an "IF" but more of "WHEN" at this point $$$
Question is: how much will you be holding when it happens :)
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