Replies to post #190928 on Arrayit Corporation (ARYC)

[MikeCr]

Under rule Rule 12h-3(b)(1)(ii) that they checked on form 15, they needed to be current when they filed it and they were not

In order to rely on Rule 12h-3, the issuer:

must be current in its Exchange Act reporting obligations;

must have (1) fewer than 300 record holders of the class of securities offered under the Securities Act registration statement; or (2) fewer than 500 record holders and its assets must not have exceeded $10 million on the last day of each of the issuer's three most recent fiscal years;4 and

must not have had a Securities Act registration statement relating to that class of securities become effective in the fiscal year for which the issuer seeks to suspend reporting, or have had a registration statement that was required to be updated by Section 10(a)(3) of the Securities Act during the fiscal year for which the issuer seeks to suspend reporting, and, if the issuer is relying on the fewer than 500 record holder and $10 million in assets threshold noted above, during the two preceding fiscal years.

https://www.sec.gov/interps/legal/cfslb18.htm

[tdbowieknife]

ARYC was suspended for fraud...

.