Monday, January 19, 2015 1:00:55 PM
Cyber-Thingy, Inc. Update:
Cyber-Thingy, Inc. has officially changed its name to OHOF, Inc. OHOF, Inc., while still a wholly owned subsidiary of CYBK, operates as a fully independent company.
The spinoff and share dividend of OHOF, Inc. will be delayed until the financials of the Company can be audited, giving way to a registered spinoff.
Mr. Hall, CYBK's CEO stated, "I feel it is in the best interest of the shareholders to delay the spinoff of OHOF, Inc. until the financials are audited thereby creating a registered spinoff instead of an unregistered spinoff".
http://ih.advfn.com/p.php?pid=nmona&article=63982322
This is November 19,2014:
On August 28, 2014, the Company divested itself of the majority of Cyber-Thingy, Inc. and still owns 17,000,000 shares being set aside as a future dividend to CYBK shareholders after Cyber-Thingy files its paper work with the SEC or obtains a CUSIP number.
On August 28, 2014, Oren Manelis executed a Securities Exchange Agreement to receive 100 million shares in Cyber-Thingy, Inc.
On August 28, 2014, Christopher J Clarke agreed to cancel 65 million shares of CYBK in exchange for 13 million shares in Cyber-Thingy, Inc.
On August 28, 2014, the Company executed a three year consulting agreement with Christopher J Clarke. <--- now cancelled
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=129669
PPS for OHOF is $0.0001-3 with 17M shares due to WOGI shareholders ($10-30k market cap and roughly $1,700 - 5,100 due to WOGI shareholders). Personally don't even hold out much hope for the 17M share dividend, and for a max of $5k it's not going to be a needle changer one way or another for WOGI shareholders.
Let Oren Manelis and Chris Clarke own 100% of a $0 revenue generating Cyber-Thingy IMO.
WOGI is an oil company with Nathan Hall as CEO. All the other non-performing assets are gone. There's no limo / Pierce Flemming (DNYS), and no more Cyber-Thingy / Oren Manelis and Chris Clarke (CYBK). Shouldn't be too confusing for shareholders.
Only relevant thing is follow the DEP website and figure out if / when fracking will occur. Basically will WOGI have valuable assets on its books (wells pumping oil and generating revenues), or a bunch of holes in the ground.
http://www.depreportingservices.state.pa.us/ReportServer/Pages/ReportViewer.aspx?/Oil_Gas/Permits_Issued_Detail
Share price of WOGI at $0.0009, is a market float of about $54k. At some point market cap / share price gets low enough to draw in speculators.
The paradox of iHub: buy high, sell low
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