Replies to post #155097 on Arrayit Corporation (ARYC)

[Zues]

Usually the agency sends delinquency notices to the public Issuer before taking action; if the notices are ignored, trading in the company’s stock may be suspended without notice. At the same time, the SEC will initiate an administrative proceeding to revoke registration. The company will be served with a letter informing it that it has ten days in which to make some kind of case for its failure to file. If it does not do so, registration will be revoked by default and the ticker symbol will be deleted. The stock will no longer publicly trade resulting in a 100% loss for anybody that owns the stock.