How do you know dilution is over? They issued 8M shares today.
People on ihub called the transfer agent. The O/S was 262M on Friday and 270M today.
They are from all over the world.
Who's behind that, and does that help in any way?
The pre-IDE study that Avant is doing with DOCRO's supervision is double blinded.
If you look in the 10Q, they have a loan from family and friends in the amount of $510,069 made to Arrayit a while back, due on demand.
And the price went up to 0.016 before retreating and closing up 178% at 0.0075
The promotions seem to be working. Tons of interest from traders.
313 posts on ihub message board today.
Per the 10Q as of 5/11, around 70M shares were O/S.
That means that only around 21M more shares have been issued since 5/11
The volume since 5/11 is around 71M shares. Where is the volume coming from? the new shares and mostly sub-peny flippers? Any guesses?
If the 21M new shares were issued to lenders at let's say between 0.005 and 0.008 that means additional debt conversion of bet. $105,000 and $168,000 .... On top of the previous approx. $160K debt converted that means LESS than half the total debt has been converted.
Is Rene planning to pay the rest of the loans? Or is she going to allow the other half to be converted? Given the current share price they would have to be converted at around 0.0015 per share. Not a pretty picture.
Including today's 26M, around 65M shares have traded since May 11, the last known day of shares issued to lenders according to the 10Q.
It's possible that most of the shares have been issued for the eligible lenders up until the month of May.
A few more trading sessions like today and the dilution could finally be over
It would have been wise for ARYC to have included some kind of anti-dilution provision in their agreement otherwise every quarter you'll see their % ownership go down as AVDX issues more shares for equity deals, option/warrants excercise, and so on.
Same will happen with the Array Molecular agreement ...28% ownership to start and down from then on as AM issues more shares
"Even if we cannot raise additional capital, we believe that we will be able to continue operations for the next 12 months, based on the funding currently provided and revenues that we anticipate generating in the near future. Our investors should assume that any additional funding may cause substantial dilution to current stockholders. In addition, we may not be able to raise additional funds on favorable terms, if at all."
What will that mean to their control of the comapny?
Possession is nine-tenths of the law is an expression meaning that ownership is easier to maintain if one has possession of something, or difficult to enforce if one does not.
Is that why in the 10K ARYC says that ARYC owns OvaDx? Although the technology agreement bet AD and ARYC says different? If that is the case, how come that issue wasn't part of the lawsuit settlement in Aug? AVDX did not press that issue? Doesn't compute.
"As of December 31, 2014, Arrayit Corporation owns 39.35 million shares in Avant Diagnostics, Inc. Avant was created as a vehicle to finance the FDA approval process and sales and marketing for Arrayit Corporation’s microarray based test for ovarian cancer. Arrayit Corporation developed, manufactures, processes, and owns its ovarian cancer test and OvaDx® registered trademark. Arrayit Corporation conferred the exclusive right to sell an ovarian cancer test upon FDA approval to Avant Diagnostics, Inc, and Avant was tasked with raising $3-5 million for the FDA approval process and sales and marketing."
btech - "what do you mean AVDX doesn't even have the IP - its all Mark."
In your arraytruth tweet you said this about AVDX
"not just sales and mkting - it owns all OvaDx inc. IP- Arrayit just owns shares in it - nothing more."