Replies to post #55117 on Arrayit Corporation (ARYC)

[MikeCr]

Case Number: 37-2016-00026937-CU-BC-CTL Date Filed: 08/08/2016
Case Title: Iconic Holdings LLC vs. Arrayit Corporation [IMAGED] Case Status: Pending
Case Category: Civil - Unlimited Location: Central
Case Type: Breach of Contract/Warranty Judicial Officer: John S. Meyer
Case Age: 401 days Department: C-61
Future Events
Event Date Event Time Location Event Type
10/27/2017 09:00 AM C-61 Civil Court Trial

Participants
Name Role Representation
Arrayit Corporation Defendant Austin, Gina M
Iconic Holdings LLC Plaintiff ATLAS, ALAN L


https://roa.sdcourt.ca.gov/roa/faces/CaseSearch.xhtml

[Delsurfer]

I don't think the legal question is whether they have been making payments or not. According to the agreement, Iconic supposedly had the right to convert to equity whenever they wanted, not just if the company defaulted on payments (which let's assume isn't the case).

The company didn't allow the conversion. This decision is huge because if it doesn't go in Arrayit's favor, then we are likely all screwed.

Think I have this right - but I'll let me fact checkers correct me :)