Replies to post #36676 on Arrayit Corporation (ARYC)

[MikeCr]

TCA agreed to loan ARYC up to $5M for working capital, to pay down prior debt and other purposes, pursuant to the terms and conditions of the Credit Agreement.

https://www.sec.gov/Archives/edgar/data/1084507/000135448815005622/aryc_8k.htm

From that revolver:

On October 25, 2016, the Company received $267,799 after (i) the escrowing of $67,801 for payments to professionals and others in connection with bringing the Company’s audited and unaudited financial statements current; (ii) payment of $42,500 to accounting professionals; (iii) payment of $20,500 in fees due TCA and its professionals; (iv) miscellaneous payments of $1,400.

https://www.sec.gov/Archives/edgar/data/1084507/000165495416004585/aryc_8k.htm