Replies to post #116801 on Arrayit Corporation (ARYC)

[krielly]

Mike:

1)Does RRBB put the Note about the lawsuit or does Arrayit? After all, the auditor just reviews and certifies (if they are in compliance with accounting principles) what the company provides.

All audited financial statements are required to have a note regarding legal issues. The note will briefly describe the suit and accrue an estimated loss if any is expected. RRBB will get the information from the attorneys.

2) If the auditor completes the audit, can Arrayit sit on the fins and not file them until they want to do so?

Yes they can and it is cheaper and saves them money to hold them and file at once. In this situation I agree with the decision to wait and file all at once.