Replies to post #203555 on Arrayit Corporation (ARYC)

[mdimport]

I disagree.

would you agree that there might be some residual value of the company that is worth more than $130,000?

My disagreement is based on the legal costs the company has (rental and other legal), any ongoing expenses, etc. These cash costs are a drain on the unknown capital $ARYC may have remaining, as well as the likely inability to generate income (who wants to take the easily avoidable risk of being counterparty to a known and active fraud???).

Basically my disagreement has nothing to do with the credibility of the CEO and is only focused on the cash collapse that is in progress.

If you want to show a current net asset value or book value per share, please feel free.

Although Mark has no remaining credibility when it comes to the truth

With respect to the end point: when cash runs out completely: Companies file Chapter 7 all the time, and $ARYC isn't anything special.

ArrayIT's chief creator / technology developer if you will (Mark Schena) is going to jail. There's nobody else of creative value, unless you can prove otherwise.



Note: Only Chapter 7 and Chapter 11 bankruptcy filings by companies (both public and private) with over $100 million in assets are included. For 2005–2019, values are monthly averages. For companies where exact assets are not known, the lower bound of the estimated range is used. Asset values are not adjusted for inflation. The World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020.

https://www.natlawreview.com/article/bankruptcy-filings-excerpt-trends-large-corporate-bankruptcy-and-financial-distress#:~:text=Number%20of%20Bankruptcy%20Filings,19%20pandemic%20in%20March%202020.

[rokkdatstock]

Hi Sloan, I believe Arrayit is so far in debt it couldn’t produce financials for six years and apparently their only income was gained by fraud. The people flipping on mark should verify that but we likely will only know the depth of debt when bankruptcy happens.

[WebSlinger]

<< Notwithstanding that ARYC is a "fraud and conspiracy riddled junk stock" would you agree that there might be some residual value of the company that is worth more than $130,000? >>

No.

The company probably owes millions in debt, and is currently in at least 1/2 dozen court cases.

They're done...

[WebSlinger]

<< For example, Mark had claimed that the FDA was in the final stages of approval for OvaDX, their ovarian cancer diagnostics test. >>

He most probably lied (just like he did about almost everything else).