Cyberlux Corp (CYBL)

[B RY]

"unsecured promissary notes"(now that's blind faith)! "From time to time, the Company's principal officers have advanced funds to the Company for working capital purposes in the form of unsecured promissory notes, accruing interest at 10% to 12% per annum."

Loans from Officers
Officer Principal Due Interest Rate Accrued Interest at 06/30/14
David Downing $274,421 12% $95,794
Mark Schmidt $251,166 10% $64,750
Alan Ninneman $247,404 12% $170,985
John Ringo $198,457 12% $106,535
$971,448 $438,064