I visited a company once that I was looking to purchase stock and unexpectedly the CEO showed me around and took me out to lunch. He had just bought a high tech machine (they made displays for Lowe's Hardware). The CEO made the statement that he borrowed from a local bank to purchase the equipment but most investors didn't give them any credit for that. He was trying not to dilute their stock. I'm no expert but any company that is able to borrow 1.6 million appears to have reasonable credit. A growing company usually needs funds for expansion when business is booming. Looks good to me.
When you talk to them, please ask them if they paid off the Iconic convertible loan which was due on Dec 23. Last I heard Iconic was suing them for over $781K because Arrayit had defaulted on that convertible loan and had not allowed Iconic to convert into ARYC shares. It would be nice to have an update on this issue.
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