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at his junction of the market, investors cannot trust the SEC financial reports. okay
companies could be reporting fake financial reports, fake employee numbers fake partnerships etc. even fake news. it is really buyer beware these days.
and for the bears saying this stock is going to $1 that is saying the company maket cap or worth is 1.75 million when it has alledgedly has 30 mllion in cash and no debt.
that is assuming they actually ahve 30 mllion raised. that could be fake too.
only reason for reverse split was so aegis capital can short it. as they cannot short stocks under $1 and no broker would allow customers to short a 10 cent stock. there are no institutional investors..just some hedge funds like anson who probably the stock and covered. they don't own 10% of the 1.752 million outstanding shares post reverse split.
the vote to dilute shares by 99%..they could have gotten a loan instead. but cannot no bank would lend them money. only aegis capital but they won't be lending any money soon. as the market dried up for these types of stocks. this is not 2021 when every asset was hot. now you cannot even give some penny stocks away. i mean the shares are trading at cash/share. that i how cheap it is ...clearly 'investors' don't trust this company at all. and don't trust the news or any of what the CEO sas like partnership et.
the shars are trading like OTC scam company with fake news fake financials and no serious investors would touch buying the shares in the nasdaq. as management can just dilute the shares by 99% without any shareholder vote. the decisions are made by CEO and CFO who owns no shares.
the stock is now trading at cash/share
theoretically it has $17 per share and patents and technology is free
meaning if the owner of the company just close the business lays off all employees and returns the company cash to shareholder everyone gets $16/share. and still own the 'technology' and 21 patents.
it alledgedly raised 30 million dollars
has currently 1.751 million shares outstanding
entire pre split of 262 million shares was either sold or bought as over 2 billion shares traded.
what you have is the CEO and CFO owns no shares and acts like they own the company and authorizes 99% share dilution and issues new shares to new owners. to keep the company operating which is burning 5.5 million/ quarter
has no sales only 'RFQ' or refer for quatoations and interested partners. no sales and no orders
they don't have prototypes to customers or testing their 'technology'
Wow, made wealth shorting this turd! $$$$$$
Wow!!!!! They shorted all remaining shares within last hour. They are desperate to drop price before R/S Tuesday. This going to moon!!!!
Fully expect an MGLO type move here. The short covering rally was stopped cold due to the Feb. 6 6K filing. Short interest according to fintel hasn't changed since then and over 1 million more shares have been shorted since yesterday. No way shorts will want to hold borrowed shares through this R/S.
Massive short interest and over a million shares shorted since yesterdays news. Expect a big squeeze before the R/S.
$CYN could be one of those that run after an RS..........fwifw.........
Z
correction to post #633
JOHN DEERE adds CYNGN as supply partner !!
$CYN the float Tuesday will be insane under 100K
I stand corrected with news that came out today ... looks like they are going forward with it afterall on the RS
BREAKING NEWS......cyngn adds john deere as supply partner
This very strong support at these levels will make the price moving up soon.
yes, CYN 2025-02-18 150 for 1 rs
Is there a RS in the future just asking
There seems to be a renewed interest in CYN going into the day. I bought early this morning and hope it will do well over the next two weeks.
i did not see this coming ,guess i will buy more at .08
Ah........OK........that makes sense.........
Z
But they can't use it to become current with Nasdaq rules since they had one less than a year ago it said so it would do them no good to use it right now
RS and AS increase info: On January 30, 2025, Cyngn Inc. (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”). A total of 1,369,686 shares of common stock representing 56.32% of the aggregate shares outstanding and eligible to vote and constituting a quorum were represented in person or by valid proxies at the Special Meeting.
The stockholders approved the amendment to the Company’s certificate of incorporation, as amended, to increase the number of shares of authorized common stock from 200,000,000 to 400,000,
The stockholders approved a proposal to authorize the board of directors to effect a reverse stock split of the outstanding shares of the Company’s common stock within one (1) year of January 30, 2025, at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-one hundred fifty (1-for-150) split, with the specific ratio to be fixed within this range by the board of directors in its sole discretion, without further stockholder approval.
The stockholders approved a proposal to authorize, for purposes of complying with Nasdaq listing rule 5635(d), the issuance of Warrants, shares of Common Stock underlying the Warrants and certain provisions of the Warrants, issued in connection with an offering and sale of securities of the Company that was consummated on December 23, 2024.
000.
The stockholders approved one or more adjournments of the Special Meeting, if necessary or appropriate, to solicit additional proxies in favor of the Reverse Stock Split Proposal, the Authorized Share Increase Proposal or the Issuance Proposal if there are not sufficient votes at the Special Meeting to approve and adopt the Reverse Stock Split Proposal, the Authorized Share Increase Proposal or the Issuance Proposal.
Sounds Good!...........there is a pending RS though.......
Z
thank you for the 72,235.00 shares all in .138 let go now
please get me too .15 take my 10.000 dollars 66.500 shares come to me
.28 + 54% ... The DriveMod Tuggers are powered by advanced AI and a robust suite of safety features, including 360° vision and collision avoidance systems, allowing them to navigate dynamic environments with precision. Integrated with Cyngn Insight, Cyngn's fleet management and analytics platform, the DriveMod Tuggers enable real-time fleet monitoring and control, giving customers the ability to coordinate and optimize tasks efficiently.
.2140 after Hours 2,086,240,076 shares traded. Still flying under the radar, very peculiar, not a peep. Naked Shorts caught by DOGE? hmmmm
#DDAmanda Video: $CYN: Gain: +207% #1 Early Alert Stock Finder - With actual Trade data
could all this volume be massive shorts covering due to actually having an SEC chief who is looking into rather than covering up Fraud for the many years a blind eye was turned. This Stock traded at $900+/share less than 5 years ago. something very strange going on here! the OS is really low to boot.
SIDU Rocket Launch with SpaceX watch for 3$ Breakout nice move today on CYN and CSAI
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Website: cyngn.com
Twitter: twitter.com/cyngn
LinkedIn: https://www.linkedin.com/company/cyngn
YouTube: https://www.youtube.com/@cyngnhq
https://www.prnewswire.com/news-releases/cyngn-scales-up-commercialization-of-autonomous-vehicle-solutions-in-first-quarter-2024-302147277.html
https://www.prnewswire.com/news-releases/cyngn-granted-extension-for-continued-listing-on-nasdaq-302067909.html
https://www.vox.com/2017/10/12/16465168/cyanogen-android-cyngn-autonomous-vehicles
https://www.prnewswire.com/news-releases/cyngn-joins-john-deere-supply-base-302123835.html
https://www.cyngn.com/pr/robotlab-orders-initial-fleet-of-10-drivemod-tuggers-joins-cyngn-distributor-network
https://www.cyngn.com/pr/cyngn-completes-initial-drivemod-tugger-deployment-with-rivian
https://www.cyngn.com/pr/customer-renews-contract-as-cyngns-autonomous-vehicles-yield-4x-efficiency-gain
$10 Million Cash NO DEBT! https://www.prnewswire.com/news-releases/cyngn-reports-first-quarter-2024-financial-results-302138805.html
Recent Operating Highlights:
Joined John Deere supply base.
Completed initial DriveMod Tugger deployment with Rivian.
Received a notice of allowance for a 20th U.S. patent (with 19 U.S. patents granted to-date).
RobotLAB joined the Cyngn Distributor Network.
Released first video footage of AI-powered autonomous DriveMod Tugger by Motrec.
Renewed deployment contract with U.S. Continental, achieving 4x gains in efficiency.
Announced that the next-gen DriveMod Kit will harness Nvidia AI computers.
Financial Performance (Q1 2024):
First quarter revenue was $5.5 thousand compared to $872.8 thousand in Q1 2023.
Revenue in Q1 2024 consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments.
Total costs and expenses in Q1 2024 were $6.0 million, down from $6.7 million in Q1 2023.
Decrease in G&A expenses due to personnel cost reduction and savings on general office expenses1.
Growth Prospects: Cyngn aims to grow sales with target customers, including Deere, and streamline customer acquisition costs through advancements in mapping and deployment tools1.
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