{"id":6001,"date":"2015-06-19T10:14:02","date_gmt":"2015-06-19T10:14:02","guid":{"rendered":"\/?p=6001"},"modified":"2015-06-19T10:39:53","modified_gmt":"2015-06-19T10:39:53","slug":"arrayit-corp-otcmktsaryc-bounces-thanks-to-message-board-hype","status":"publish","type":"post","link":"\/articles\/arrayit-corp-otcmktsaryc-bounces-thanks-to-message-board-hype\/","title":{"rendered":"Arrayit Corp (OTCMKTS:ARYC) Bounces Thanks to Message Board Hype"},"content":{"rendered":"\n

Arrayit Corp (OTCMKTS:ARYC<\/a>) has been digging a hole in the ground for a while. At the beginning of the year, the ticker was hovering around the $0.12 per share mark. On Tuesday, it hit a 52-week low of just $0.0015. That, in case you haven’t calculated already, means that it lost 98.7% of its value in a matter of just five and a half months.<\/p>\n

Would you invest in a stock that tends to lose 98.7% of its value in a matter of just five and a half months? Apparently, many people don’t have a problem with this at all. <\/p>\n

ARYC<\/a><\/strong> was suddenly juddered to life yesterday and after just six and a half hours of intense trading, it gained a respectable 53%. At the end of the day, its price stood at $0.0026 while the dollar volume amounted to $183 thousand.<\/p>\n

Not bad for a stock with such a horrific historical performance, but that’s where a number of problems start to appear. Usually, bounces like this happen when the company issues an important update or a decent-looking financial statement. That’s not the case with ARYC<\/a><\/strong>.<\/p>\n

There have been no new press releases for over a month and the same goes for the financial reports. There aren’t even any paid promotions. Despite the lack of any new developments, there are many people around the internet forums who don’t shy away from using capital letters in order to tell you that jumping in is a great call.<\/p>\n

Apparently, this strategy is working for now, but we’re struggling to see what got these people so supportive of the stock. The latest 10-Q certainly isn’t among ARYC<\/a><\/strong>‘s strong points. Here’s a summary of the most important figures recorded at the end of the first quarter:<\/p>\n