Arrayit Corp (OTCMKTS:ARYC) Takes A Step Back After Quarterly Filing

[[tagnumber 0]][[tagnumber 1]]The stock of Arrayit Corp (OTCMKTS:ARYC) has been trading below the 1 cent per share mark for quite some time now. It managed to drop below it in a prolonged slide that lasted through April and May and ended up increasing the volumes as many investors thought that this is as low as the ticker will go before heading up.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, they were not right. Since then, the company stock has been struggling and was seen hovering around the $0.0025 per share mark throughout the second part of July as well as in the beginning of this month. The daily volumes have also decreased significantly, but the whole situation in which [[tagnumber 6]]ARYC[[tagnumber 7]] is at the moment isn’t surprising, considering the fact that the company hasn’t been too busy issuing press releases.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Most recently, we saw the ticker make an impressive climb that was backed up by the company’s persistence on Twitter. On Wednesday, however, [[tagnumber 6]]ARYC[[tagnumber 7]] filed their report for the period ended June 30, 2015 and it showed some disturbing numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: ZERO[[tagnumber 19]] [[tagnumber 18]]current  assets: $788 thousand[[tagnumber 19]] [[tagnumber 18]]current liabilities: $7.95 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $573 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $437 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As you see, the company was left with no cash in the bank, massive current liabilities, a large portion of which were in the form of toxic debt, and a 70% decrease in quarterly revenues compared to the same period last year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The report was filed late in the day and it didn’t stop [[tagnumber 6]]ARYC[[tagnumber 7]] from closing green in Wednesday, but we saw the consequences yesterday when the ticker dropped 18.97%, closing at $0.0047. A total of 18.2 million shares were traded, that only managed to generated $82 thousand in daily dollar volume at those prices.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see [[tagnumber 6]]ARYC[[tagnumber 7]] is a bit more stable in today’s trading, but it’s not certain where the ticker will go from here on, especially considering the fact that it has also been targeted by paid promoters. As always, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]