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Gold prospector

02/14/19 10:26 AM

#121193 RE: GVInvestments #121192

I agree! Thats why majority of investors holding long!

MikeCr

02/14/19 10:41 AM

#121198 RE: GVInvestments #121192

Are you kidding me? OvaDx was the crown jewel of Arrayit. They spent 10 years developing it and they expected to make billions out of it. But Mark and Rene couldn't get the funds to do the clinical trials for FDA approval, and in 2009 they decided to give the IP to Avant (managed by a bunch of crooks in Texas) for 80% of Avant. Avant then was supposed to raise the funds, do the clinical trials and get OvaDx FDA approved. Fast forward 10 years and OvaDx is still going nowhere because Avant could never raise the funds. All Avant did was issue gazillions of shares to line the pockets of different waves of crooks.
Now all Arrayit has to show for it is 32M (less than 10%) of worthless shares of Avant.

Arrayit then developed the food safety test with the USDA. Again couldn't get funds to commercialize it. Since the OvaDx fiasco worked so "well", they agree to give its IP to Taub and Zalcberg for 23% of Array Molecular, a company to be formed by T & Z to commercialize the test. All Arrayit has to show for that now is an endless lawsuit.

Maybe they have learned the lesson with the allergy test. But I wonder Who owns that IP?