InvestorsHub Logo
Followers 4219
Posts 13632
Boards Moderated 6
Alias Born 12/14/2012

Re: jjwood post# 34897

Tuesday, 03/17/2015 9:30:22 AM

Tuesday, March 17, 2015 9:30:22 AM

Post# of 43370
CYBL: It was a while back... The company has been dealing with the issue of unwinding themselves from the convertible debt for some time... They endeavored to effect an agreement for a single payment for a much reduced price, but most of the noteholders were not amenable to such terms; now they are working through legal channels to resolve the matter.

Such a process is a lengthy one fraught with complicated and nuanced legal documents coupled with potential tense negotiations... for a company with obvious limited financial resources such as CYBL, the process is made even longer, as I believe they only have one attorney working to resolve this matter. The company, from the last time I spoke with the Chief Financial Officer David Downing, is dedicated to address this issue and seek a solution that is beneficial to the company, and by extension, its shareholders.

I must have missed that press release.




Let Freedom Ring!
Financial Independence for All