Replies to post #199258 on Arrayit Corporation (ARYC)

[mdimport]

As I mentioned a week or so ago, the kickbacks and bribery schemes took time to effect.

In late 2018 and all of 2019, the company got the CLIA lab going, Medicare, Medicaid, health insurance companies' approval, and the patient portal up and running, and many other tasks completed.

ArrayIT would have been charged with healthcare fraud even if they weren't a public traded company.

Most of these companies are not public traded / they're mainly private entities whether for profit or otherwise. All committed healthcare fraud.

https://oig.hhs.gov/fraud/enforcement/criminal/

Being a public traded company, there are also securities violations, among which was the conspiracy with Jason Nielsen where he ran pump and dumps and used some of the proceeds to pay ArrayIT's rent.

$ARYC as a mandatory SEC filer had a duty to report to shareholders on a periodic basis. They tried to evade their duty by deregistering the security in 2019 and going dark.

To be clear, $ARYC could have reported tens of millions in losses or profits annually. The mandate to report in a timely manner is the same. 2018 was still a mandatory reporting period. No question about that.

[okwife]

AND THE TAXES DUE FOR 2019 IF THERE ACTUALLY WAS A PROFIT WOULD NOT BE REPORTED UNTIL 7/15/2020? RIGHT?

[mdimport]

The Department of Justice laid out the facts.

Not true, he said they expect to BILL $2 million per week, and I don't think it was a tweet. He never said how much revenue they expected to generate and he said that in 2019, NOT in 2015, 2016, 2017 (the "prior years").

1. It was a tweet
2. It was revenue guidance
3. It was $2 million per week

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45. Some of these tweets were false or misleading. For example, on or about March
11, 2019, SCHENA tweeted that Arrayit “increases weekly guidance for medical billing associated with its physician-prescribed allergy testing services from $1,000,000 ($1 million) per week . . .
to $2,000,000 ($2 million) per week.” This implied not only that Arrayit’s billings had doubled, but also that Arrayit’s prior billings were greater than $50,000,000 per year.

https://www.justice.gov/opa/press-release/file/1283931/download

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There have be so many criminal activities in $ARYC it's probably hard to remember them all ;-)

Do we need to pull the Tweet up and screenshot it too? :-D

[stockbuster]

I screenshot all of those tweets. Yes it was tweeted. Alot of false info was tweeted. The Nasdaq bullshit uplisting 3 times tweeted. Lots of screenshots.