Replies to post #53303 on Arrayit Corporation (ARYC)

[MikeCr]

Benefit of a higher pps for management is that any upcoming dilution will be at a higher price with less shares issued.

[mdimport]

Maybe ARYC is paying off their creditors through an extended promotional campaign.

"...On October 25, 2016 with an effective date of October 21, 2016, the Company and its subsidiaries as guarantors (collectively, the “Credit Parties”) entered into a Second Amendment to the Senior Secured Revolving Credit Facility Agreement by and between TCA Global Credit Master Fund, LP, a Cayman Islands limited partnership (the “Credit Agreement” and “TCA,” respectively and effective December 18, 2015) as amended by a First Amendment to the Credit Agreement on April 18, 2016, whereby the Company was approved for an additional $400,000 loan under the Credit Agreement (the “Additional Advance”). The Second Replacement Revolving Note, in the principal amount of $1,674,484 which aggregates all obligations due and owing to the Lender by the Credit Parties, including the Additional Advance as of October 21, 2016, has substantially the same terms as the initial $750,000 and $250,000 loans. 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://ih.advfn.com/p.php?pid=nmona&article=73066726

[whento]

Agreed!.Holding all my shares. No dilution. Financials come and we will be making money. The naysayers want your shares or venting their frustrations.OH and great time to be adding.