Replies to post #132465 on Arrayit Corporation (ARYC)

[bigboard]

The problem here is releasing false info on tweets, sending emails to shareholders, and no filing for years
This gets suspended soon
There is zero chance this will trade in few months
The company is joke and should never tweet like that
Finance updates !!
And then say sorry
They ran pump n dump
Suspension is next

[WebSlinger]

Thanks for posting that information.

<< When pushed (and I pushed hard) about who advised him to change to filing all years at once he said: Legal Counsel, Regulatory, Other Businesses who had been in similar situations) and the famous Advisors.

I asked if Regulators was in fact the SEC he said YES. I was stunned and immediately asked what department within the SEC provided that guidance and who specifically. His response was more shocking when he said “I don’t know “. >>

First, the SEC would NEVER give that sort of guidance. They are not a consulting firm. They would tell ARYC to consult with legal counsel and auditors.

Second, if all of the fins are completed and there is a choice between filing them individually or filing them all together, I can understand someone advising them to file all of them together.

But I can't understand WITHHOLDING fins in order to file together (which is exactly what they are doing). Right now, they probably have completed fins for at least 2014-2017. It is against the law for anyone to advise them to withhold completed fins from investors. Yet, they are holding those fins hostage until they finish EVERYTHING. The problem is that they can never seem to get finished. Recently, they "anticipated" filing 2014-2018. But now, they want to file 2014-2018 + 1Q2019. If they don't meet that deadline, then they will want to file 2014-2018 + 1Q2019 + 2Q2019. When does it end?

They should release 2014-2017 fins IMMEDIATELY. That would help to show the SEC, the market, shareholders, and future investors that they are serious about filing. That would also help to stabilize the share price and probably even reverse it and make it start to go back up again. Those fins might not be pretty, but at least they could start to regain some of the credibility that they have lost over the past few years.

WHOEVER SPEAKS WITH ARYC, THEY SHOULD PRESSURE THEM TO IMMEDIATELY RELEASE WHATEVER FINS THEY CURRENTLY HAVE THAT ARE FINISHED.

[Delsurfer]

Thank you for posting this. I have a couple thoughts and questions.

1. Many of us have said for years that company is good at the science and bad at business - so no surprise with some of Mark's comments and reactions. They clearly need help.

2. What stands out to me in your response is this line - "He said the difference in properly accounting for sales vs payments in full for one quarter was roughly 50 million dollars. " I know it's Mark saying this but did you get the sense that he was remotely telling the truth? That's a huge number.

3. There are a boatload of companies (big names like Deloitte and a lot of others) that offer contract CFO services. Why the hell they don't engage one of these companies is beyond me. Bring in people who do this for a living to help them right the ship.

Probably wishful thinking but is it possible that the company experienced this rapid growth in the last year and they are simply overwhelmed/beyond their capabilities? Don't get me wrong, I am not excusing any of their behavior or missteps - they f'd up big time.

[hbhmb]

thank you for posting what i would consider one of the few honest ethical posts on this board for quite some time The agenda types - the sec and diluting types are as irritating as the pumpers.

i have been skeptical for quite some time regarding mark and his honesty.

at one point i had 250,000 shares but sold a portion each time he missed the date... i kept 50,000 in case it hit.

i truly believe this company does exist and has revenue. I believe mark is way over his head and his wife should be fired. I did medical billing for many years for a company who had about 10,000,000 in revenue per year and we had 4 full time people working the claims. it is really difficult and you need a whole different system so it is apparent they don't know what the hell they are doing.

i bought back in yesterday pm as i believe the drop was too far too fast
and we will see if time proves me right. mark and his cohorts better figure out what they are doing or all his work will be for naught

thanks for the honest report and good luck

[The_Free_Nebula]

In the meantime stay tuned for the next projected date and the naive build up to it. Simply another opportunity to profit of the dream potential of others. I have notice that the main dream catcher has been absent. I suspect he will show back up under a new alias...

[r2g2]

Thank you for this.

I am curious, do you think there is any chance that they (Rene and Mark) are open to a conference call with shareholders? And what is your honest sense of the real chances that they can be persuaded to hire a CEO-type to get them at least through the weeds? I assume they don't want to go down in flames, but pride can get in the way. The right kind of professional help would give us all a lot more confidence, if only until all the systems are working and the books are in order!

I believe I saw a tweet stating something about them engaging a company that specializes in shepherding companies through the transition into the NASDAQ. That sounds promising if it is something they follow-through with and are willing to really lean into. Otherwise, phrases like 'laser-focused on running the company' could be like what you get on the voice recorder on a Boeing 747 Max, a few days after the crash.

My sense is that this will not crash and burn, but remain a good investment over the long run, based on the idea that someone with a clear head will prevail and that eventually they will be bought out, as has been predicted by many with a lot more wisdom that I.

[StockDetective]

Thanks again for this information :)

[MikeCr]

Mark, Rene and Todd are grossly out of their depth to run a fast growing medical testing company. They need to hire competent medical testing managers with a lot of experience managing the billing and payments process. The troika wants to do everything themselves that's why the are spinning their wheels going nowhere.

"The difference between properly accounting for sales vs payments in full for one quarter was roughly 50 million dollars"