That is my point - 1 1.5 years ago they had 2-3 million shares outstanding before the convertible notes - share price was 30 cents and now .0002 and billions outstanding.... looking at the affect of notes being converted at a discount to the same good folks that lent ARYC money. Who says ARYC will not enter into more deals? Just saying that one should not dismiss that today's O/S will end here with a company that is desperate for cash and no other way to raise it.
Not sure what the share count is exactly (I assume its north of 300 million per many posters here) and have no idea of many notes left to convert (I assume its still over 100k) but I do know where the shares of other companies that did deals with these note holders have traded to: look at the chart of RCHA.
In a way, over the long run, Mr. Market knows things. Over the short term, the market is blind as a bat. I watch the daily action in all of the stocks I own; all of them tell a story. If you watch stock prices daily for a company you are invested in, you will see that each company, has a life of its' own; price movements moving a certain way.
I'm just a student of the markets and learn new things everyday. Yesterday (Thursday), I sold out of all of my stocks. The ending of my three months of work is being up 74-percent, overall; that's not a lot but it's a start! :-)
Here's something interesting I have just read:
"Three weeks decline in shares is valued at roughly $2.9 trillion. However, YTD (year to date) the market is still up an impressive 14%."
The stock market is under pressure to decline for the next two weeks; the weeks of July 6 and July 13th. It's the summer; you have to expect people to withdraw money from the markets to enjoy their vacations. Best time to re-enter the market is before the close of business day on the 17th of July.
Oh! On the shares outstanding. It's not that I'm right or wrong. I talked to Kim at the Standard Registrar's office; she told me this. What Kim said is a fact and not my opinion.
One more thing to add, the US Stock market is in a bull market. This will be the greatest bull market in US History. Although, it has a limited time-frame, to run into 2017.
The best investments right now are: cash! On the chart, the month of September is a good month to avoid all stocks.
Tom, I hope you're following Arrayit on the "ihub" message board. There is more life and enthusiasm there than here.
They announced on twitter a couple of weeks ago that they were training 4 new sales people. They included a picture of the new sales team members.
ISPYCBLI: simple questions- please explain your remark about being laugh out of court. Btw, the company is worth 4/10 of 1 cent - Mr. Market knows all. It seems you are probably right on the shares outstanding but the bigger question - and more significant - is how many $$$ amount of convertible notes are left that have not converted?
Kim is the Standard Registrar for the stock. She did confirm that there are: 334,282,493 shares outstanding.
Standard Registrar &
Transfer Company Inc.
With over 25 years of
12528 South 1840 East
Draper, UT 84020
Number of Outstanding Shares Determine Price:
1. 64,371,019 shares / $38,622,611.4 = .60
2. 334,282,493 shares / $38,622,611.4 = .1155
3. 334,282,493 / $252,835,000 = .756
1 & 2 are stock price target's 60-cent per share valuation.
- 60-cents each * 64,371,019 shares is $38,622,611.4.
- 11.55-cents each * 334,282,493 shares is $38,622,611.4.
3 is the Taub price; he thinks the company is worth $252,835,000.
- .756 each share for 334,282,493.
That's what they (the two) think. I have no guesses.
Investors/people (market) decide what something is worth.
You could quote me a price of $10 for your car but I'll pay you, no more than $5.
The question for everyone is, "Do you like working for free?" When you have vultures sitting over your shoulder, watching everything you do, you make sure that you don't make any sudden movements. :-)
The vultures are those who have not worked their lives to create this new microarray technology. They want to profit from someone's lifetime of work. Catch my drift?
If you don't understand what I'm saying, you need to do your own due diligence. I had to do my own detective work on the company. You should too! In conclusion, yes, the Arrayit Corporation has viable billion dollar ideas; first, one-of-a-kind. Unfortunately, there are lazy people who hope to profit from Arrayit Corps hard work.
Did something happen in court - was the lawsuit suit thrown out ("laughed out of court" comment)? What application was denied. Ideas are great - what we need is execution of just one idea. Long and tired of SOS.
That's what I say, about investing, never marry a stock. I've been checking into this company and reading historical news and bringing it forward to today. It seems that they have the technology and the billion dollar ideas. The only problem is that people, greedy people, are trying to steal the technology by whining about their fair share. Because of the crying game by greed, the growth of this company has been put on hold.
I think you know what I mean. How about this: $252,835,000. That's right. Someone had the company valued at $252 million and got laughed out of court; application denied. Who knows, maybe the company is worth $252 million; that's the value one investor placed on Arrayit.
The Petroleum company merged into AVDX; so, no petroleum company anymore. OvaDx looks like a very good money making machine; once again, people are looking to capitalize and steal it from investors. I think the CEO and President have billion dollar ideas but they can't move forward when they are being held down by a bunch of thieves.
When I see stuff like this regurgitated time after time, it only means that you have not done your DD or looked into the past 6yrs here. This company is a mess and management is the reason. Shell after shell and lie after lie, never meetings objectives/goals/time lines. For those buying here, you may have a decent chance to make money, but you must sell any pop and never marry this stock!