Arrayit Corporation (CE) (ARYC) News

The SEC is not finished with him yet

The Court lifts the Stay in the Case. Defendant will mail his Answer to Complaint to the Courthouse, and the mailing must be posted no later than October 19, 2024. The Court refers the parties to Magistrate Judge Nathanael Cousins for an intial telephonic discussion regarding settlement set for November 7, 2024, at 9:30 AM. Order to Issue. Judge Cousins is permitted to set any future hearings in this matter before Judge Edward J. Davila, and may reach out to the Courtroom Deputy for the Court's availability. IMHO Schena gets banned from being an officer of a company for life and another large fine.

I would think that he would actually have to pay his old lawyer Pickles before hiring another for his appeal. Maybe Schena will go to the playbook and get an attorney and then stiff payment when he does not get the result he wants. IMHO the appeal will fall on deaf ears as the evidence was abundant and unless they find some kind of anomaly in the trial procedure no one would dare overturning a unanimous jury conviction. Schena should expect to serve every day of his sentence. But if anyone is holding on to hope that the appeal will somehow wash away all of the sins of the convictions, feel free to dream to uphold the felon of microarray's tarnished reputation.

And last but not least - Sentencing as to Paul Haje set for 10/28/2024 is CONTINUED to 11/25/2024. Haje has manage to delay his sentence for over a year now claiming something they found in the BOP report. Looks like all will be resolved before Thanksgiving. I'm thinking Haje gets 2 years + for his troubles.

Anyone know what happened in the Dollinger case??

What is the latest news? Mark has new lawyer for appeal?

If by moon you mean prison you’re late. Marks already there. Aryc

it's going to the moon. 🤦‍♂️

Couldn’t agree more. I’m “all in for da naz” my guy… ;) time will tell. God bless

Instead of speculating what will or won’t happen…..a short time will tell ARYC is what most of us know it is.

And I am asking you about Mark, who used to be the face of the company.

I’m talking about the company not Mark

Are you still of the opinion that Mark is innocent?

Says it right there. Check it out.

They have to file first to be approved for the 12h-3(b)1(ii) exception

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They are NOT reporting.

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That is totally incorrect.

The company is dead. Give it up. Acknowledgement is the 1st step.

K thanks. It does.

Was my post confusing?? ARYC has is and will be a scandalous useless prejail academy. Proven fraud. Proven by the DOJ and SEC. Proven by duped investors. Hope that helps clear up what I was saying.

Well, the rule states that as long as they are filing with the SEC that their suspension can continue without really a term limit. I’ve been reading on it. And if they are reporting with the SEC while dark, then we can’t see that now can we. They are basically a private company as far as filings are concerned for now.

<< 8-16-24 is 5 years later, that is tomorrow. It was filed on 8-19-19 which is also days away for the 5 year mark. >>

Both of those dates have passed. It was obvious to most that ARYC was done a LONG time ago.

It is high time that you admit to yourself that you were duped, and any money that you put into this company is long gone.

Are you saying it’s not possible for them to resume reporting and therefore resume trading? Cause it sure looks like they can

Just reading the rule. Open for your input, actual input regarding rule 12h-3(b)1(ii)

Sentencing as to Paul Haje set for 8/29/2024 is CONTINUED to 10/28/2024

Looks like Paul extended his sentence date again. Schena and the SEC should be continuing as well.

Looks like the uninformed are again trying to pretend there’s life in ARYC. Don’t be fooled. Schena behind bars. More should be. ARYC is the remnant of his failures and criminality.

It appears they only have to file the last three years.

Looks like they have the option to file again

Would they have to become current on the past years? Also, I wonder if Schena's upcoming case with the SEC would limit them.

Either way, it seems like another uphill battle. But this is IMHO. I think someone with SEC experience would have to weigh in on all of this.

8-16-24 is 5 years later, that is tomorrow. It was filed on 8-19-19 which is also days away for the 5 year mark. This is what sparked my curiosity. As always. Thank you for the conversation

Appreciate the reply. Look at the box that is checked.

Suspended, not terminated yet..

Rule 12h-3(b)(1)(ii) is a provision of the Securities Exchange Act of 1934 that allows an issuer to SUSPEND its reporting obligations under Section 15(d) for a class of securities.

Looks like they terminated their registration on 8/16/2019

After the five-year period, the company must either resume its reporting obligations or terminate its registration. If the company decides to terminate its registration, it will no longer be required to file reports with the SEC.

https://www.sec.gov/Archives/edgar/data/1084507/000143774919017063/arra20190816_1512b.htm

According to the Securities Exchange Act of 1934, Rule 12h-3 (b) 1(11) allows a reporting company to suspend its reporting obligations for a period of up to five years it it ceases to have any Securities and Exchange Commission (SEC) filing requirements. This rule applies to Arrayit Corporation or any other company that has previously registered under the Securities Exchange Act of 1934.

After the five-year period, the company must either resume its reporting obligations or terminate its registration. If the company decides to terminate its registration, it will no longer be required to file reports with the SEC.

For instance, even if the company is no longer required to file reports with the SEC, it may still be subject to certain disclosure requirements in various states where it conducts business or is incorporated.

Five years is upon us.
8/16/2019 signed.
8/19/2019 filed.

Not looking for arguments, just facts and if anyone knows more about this rule.

That’s some bass ackwards advice. You responded pretty quick to have given it up yourself.

Reporting again is not the only positive outcome. Thanks for the response

Give it up. ARYC will never report again....

Does anyone know time frame on Rule 12h-3(b) (1) (ii) of the Securities Exchange Act of 1934, is it five years before they have to report again?

Which means?

They are not operating? I'm not sure what to expect anymore.

Paul Haje sentenced in a few weeks. Schena's SEC case got pushed out until Aug as well.

Aryc operating as expected.

Need a lawyer to find out what is going on?

Happy 4th Mark Schena. Can you see the fireworks between the bars?? Aryc. Better today

I believe so

Doesn't Mark have an appeal coming?

He must have some good lawyers to delay so long but eventually the price will be paid.

Maybe he gets an extra ration of honey buns.

Next up: Paul Haje in August

Does ARYCs mark Schena celebrate Memorial Day in jail?? Perhaps Jason will visit

The word is he don't like it?

The source of fraud with Aryc is in its jailed leader. But others are guilty as well. Any word on how Mark is doing in prison?

He better be preparing things now

After the SEC gets through with him I'm pretty sure he won't be able to be an officer of a company ever again.

Perhaps he works in the fraud division of the prison. ARYC hasn’t been too spiffy at putting numbers out.

He is preparing an audit for April first?

Any updates on ARYCs incarcerated leader Mark Schena? Is he enjoying prison?

Yup sorry should have clarified. I meant the more recent settlement request

More like $242 million in the original lawsuit.

It was $29million originally I believe….

He wants some of them profits….

Considering that Taub only invested around $750,000 in Arrayit, asking for 22 million is a tall order.

The taub case does not have anything to do with fraud, correct?