The timing on this seems very poor
Since they are not public anymore I don't think anything stands in their way legally. Rene was banned from running a public company and fined but I don't think that inhibits her from keeping on with ArrayIt as a private entity.
What does confuse me is the timing. With Dr Schena being evaluated by the probation dept for the BOP it's kinda hard to claim that he's learned his lesson and won't do it again when it looks like they are still trying to continue on the business. I don't know if they sold IP to anybody so that might have happened, but given that there's still lawsuits and fines/restitution remaining there's still a wide open target for people to come after. I'm sure the SEC is still monitoring everything as well.
Also, for the purposes of this board having the company go on has no relevance to anyone that was holding shares. The DOJ is taking victim impact statements for the restitution portion of the Schena conviction and sentencing. Hoping that somehow this updated information can impact old investors is unfounded. Being happy that the company remains viable after all of the events of the past couple of years is also confusing; however I must admit it's remarkable given what's in front of them.
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