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Haven't been around here in a while and was just looking to see if anything changed lately. Only change I see is they moved the office from the RTP (higher rent) district to just on the north east side of Durham's old down town district (much lower rent per square foot and much smaller place).
Ah, yea for any lawsuit you must have an attorney who would to be paid but first rule of lawsuits is (1) can win and (2) can collect. The collection part would be doubtful.
Other than that, nothing is still worth nothing I see.
What's got me guessing is the "General and Administrative" expense line item on page 15 of report. G&A is $2,170,500 and is usually a subset of SG&A number or total direct and indirect cost of selling to generate revenue. The "S" details are in the report but no real breakdown of what's in the G&A numbers; side note on rent being $60,000 in other places of report so where's the other expenses ($2,100,000) for a company with one employee left on payroll and the execs not receiving actual pay but accrued! Anyway the delta between the G&A and revenue is $52,450 so they spent $2.27M to make $52K. Oh wait, maybe you can put your cost of selling stock in the SG&A and not your company's products...Which is this company focused on selling?
Mike_Canada post 29027: "I had been a huge cheerleader this company. I really thought it would grow and possibly flourish with real income coming in from the National Guard order. I'll admit it flat out - I was dead wrong. This is a huge step backward that most companies do not recover from. Hard to believe the PPS is holding up at this point."
Gee, when I posted "where are all the Cyberlux cheerleaders" two weeks ago the post was deleted by the moderator for some reason. Curious question moderator, "why delete a post wondering where all the cheerleaders were when they themselves know who they are?"
Curious which do you believe more. Richard Brown talking Cyberlux or Robert Gibbs (or Bush's take your pick) as the presidents press secretary? Penny Stockbrokers or Politicians...
If they were shutting the doors you would have been told the same thing. Which was nothing.
There's enough bull on this board lately it ought to be re-processed into fertilizer; (cow pies, used bedding with urine make manure)!
I never compared Cree to Cyberlux what I did was post the press release about LED market contracting. Hence if the LED market is contracting would that affect Cyberlux? After that others started saying Cree isn't in the LED market or have contracts with the government and military. Now they say they aren't in the LED business with either the government or military.
Here's a news bulletin Cree is in the LED market and with the government and military.
Here's another news flash just because a part number or sku is on the GSA listing doesn't mean anyone is buying it. This one is like the patents Cyberlux owns. Having a patent means potential protection but it doesn't mean you have an idea worth salt in creating demand and revenue. They are distinctly separate things.
Just a thought. If Cree wasn't in the LED market why would they issue a PR about revenue slowing down in the LED market?
Wanna bet on that?
There is a difference between having a part number on the GSA listing and getting sales!
Cree has received 105 government contracts worth $88,295,576 over the last seven years. Cree also has bought out other LED manufacturers to get their defense contracts. This is defense and non-defense contracts.
Kind of like Flextronics (FLEX) had the contract locally with Parata and lost it three years later to Sanmina SCI (SANM); so they then bought out Sanmina SCI local facility to get the contract back.
Now whether you want to believe this or not is your decision.
Patents don't protect anything. Attorneys do!
Shows signs of speculation and nothing more.
Don't confuse two things.
1. Cree has military contracts for LED lighting.
2. Cree announced a slow down in LED sales based upon sales in China for street lighting.
Two different sales channels. One's impact and one's not.
Or the contracts we haven’t secured require confidentiality!
Sorry but your information is wrong. Cree has as I previously posted has $153M in government and military contracts; inclusive deals with Rayovac.
Now, today locally the news being reported is: "Cree warns of weaker LED sales."
Cree blamed slower sales of its LED lighting products and "more aggressive pricing." In January, the company warned of declining demand for LEDs used in street lights in China. Cree warned this morning that revenue for the current quarter would be $215 million to $220 million. That's down from previous projections of $245 million to $265 million
Read more: http://blogs.newsobserver.com/business/cree-warns-of-weaker-led-sales#ixzz1HRaX0hAG
The profit time line in the past year...
Yes, there was a potential profit in buying and selling shares of Cyblerux in the past year. A very small blimp that occurred over about 30 days. The reverse split occurred on 07/28/2010. ANYONE STOCKHOLDER OF RECORD that sold over the next 14 days had a very good opportunity for profit. Anyone who sold in the next 14 days still had some margin. Anyone who held through out the period and still holding is back at restart pre-reverse split. Note: ANY STOCKHOLDER OF RECORD PRIOR TO JAN09 is in the loss column.
Date # Shares $$Value$$ + P/L -
07/30/2010 1,000,000 $3,700
08/06/2010 1,000,000 $9,000 $5,300
08/13/2010 1,000,000 $20,000 $16,300
08/20/2010 1,000,000 $16,500 $12,800
08/26/2010 1,000,000 $12,000 $8,300
08/27/2010 1,000,000 $11,000 $7,300
08/31/2010 1,000,000 $10,000 $6,300
09/21/2010 1,000,000 $9,100 $5,400
09/28/2010 1,000,000 $5,000 $1,300
10/29/2010 1,000,000 $4,300 $600
12/05/2010 1,000,000 $3,000 -$700
12/07/2010 1,000,000 $2,400 -$1,300
12/16/2010 1,000,000 $2,000 -$1,700
01/24/2011 1,000,000 $3,000 -$700
01/28/2011 1,000,000 $1,800 -$1,900
02/04/2011 1,000,000 $1,700 -$2,000
02/11/2011 1,000,000 $1,200 -$2,500
What are steps that Cyberlux should take so they don't have to dilute?
Cyberlux's problems all stem from having not having an effective Marketing Plan. There was really no marketing plan at all. The company under the older CEO took the "Field of Dreams" approach thinking the customers would just come. Compounding that there was no prior relationship with the most likely customer(s) which took a few years to realize even under the current CEO. Back to the absence Marketing Plan.
The current CEO had no marketing or sales background (he's an operations guy) but is a pretty smart guy who's learning as he goes along. The question is can he gain enough revenue to offset losses to sustain the operation long enough to become profitable; year to year profits greater than losses.
For the "contracts" stuff. There is a chance not all will be fulfilled and it may not be Cyberlux's fault but that the National Guard could cancel remaining orders due to budgetary restrictions and changes. If orders were shipping it'd be good news the market would accept and welcome. A lot of the NG mission and directives are in a state of flux (border patrol and drug interdiction playing more major roles).
Overall, Cyberlux is just doing what our government has been doing. Printing money; they just print stock. The value is going down appropriately. It's expected. It's a crap shoot!
Cyberlux could bring itself in compliance by just filing the annual reports and paying the franchise tax as a corporation in Nevada. They had to do the same thing last year in NC as they had not filed for the prior 4 years (2007, 2008, 2009, 2010). This isn't a big deal as most annual reports like this are a one pager and cost about $69.00 per year with a $25.00 late fee. But hey if $69.00 is a problem different story.
I did notice another filing from later last year where the Registered Agent changed from Donald F. Evans to Mark D. Schmidt. What's key about this to me is that Evans started the company, was research and development, got the patents and designed the products.
Last year when I called and spoke with an employee they had 3. Two FA's and Schmidt. Don't think they have 3 still. Maybe I'll call later and see who answers.
The company now is pretty much Schmidt and the Directors.
Ringo - Attorney resides in Atlanta region. Legal only.
Downing - CFO resides in southeast Ohio region. Accounting only.
Ninneman - Sr VP resides in Alb, NM. Business contacts (who you think got the relationship with the Sacred Power!) This guy is the key to the future in realty. It's his contacts not Schmidt's that matter.
Schmidt does two things daily - sell shares for revenue and fulfill the orders. Now the thing I'd like to know is he sourcing the manufacturing or building them himself? He is a mechanical engineer after all and it would be cheaper.
Jan 14, 2011 11:34AM 3,846,666 shares went at $.0016 ($6,154.66).
Anyone know if it's more dilution or another previous investor selling a block?
I can only see the date/time/volume details. Curious.
Didn't miss anything.
Revenue matters but so does expenses, liabilities, gross profit, net profit, and margins; the number you quote needs to have the Cost of Goods deducted for Gross Profit; $1,535,329 (YTD Sep10) minus COGS ($907,417) = $685,799 as the gross profit. Margins are only 40.1%
At least the total liabilities dropped $657,054 but $13,567,677 is still outstanding.
What I notice is the markup is less than 2X and that sucks for being a specialty manufacturer with patents. Heck, I've done better selling men's clothing in a small retail store with a markup of 2.5X COGS or 60% margins on sales price. I would expect a true patented tech product to have a markup in the 3X to 5X range if it had true market value.
The other thing I noticed that is missing is projected sales for the next quarter and next year. That's normal and customary for a business to do. Project sales that is.
Math says as long as the PPS is $.0007 or above the debt is covered by selling the 19.2B shares left to sell. Problem last time was it hit $.0001. That happens when that many shares come on the market I think.
Real question: #1 "why issue 20B shares if you aren't planning on selling it?"
Real question: #2 "why issue 20B shares immediately after doing a RS bringing shares down?"
Real question: #3 "how can you sell off so many shares and keep the price up?"
Haven't been here in over a month. Looks like nothing has changed much:
Share price: about the same.
Cheerleaders: about the same.
Naysayers: about the same.
Schmidt's letter: about the same.
10K: about the same.
Market Cap: about the same.
Dilution: Up
Per the released 10K's he's foregoing any salary as reported salary since 2008. But reading also says some of the stock issued is being sold or bartered as debt service and for officers compensation.
My point was that he's working sans salary of $150K per year each of the last two years. Now he has stock and stock options but the value of said stock and options is lower and lower with the drop in price. Case in point the last 10K said proceeds from stock sales were $125,334 which is lower than just his annual salary from 2008, 2007 etc. Haven't seen any insider trading bulletins with his name so the potential upside is now upside down. Specifically my point was how many years do you work with no salary on stock and options which are worth less today than six months ago let alone two years ago when the choice was first made and try and stick it out. In July his shares were worth about $238K + or -. Today they're worth about $219K.
The return with Cyberlux has been to it's historical low(s) from before the reverse split and current dilution doubling shares on the market. The cap is back under the pre-split of $269K versus $292K in July.
I agree that if one wants to take the risk this is the time; actually I'd wait till it hits .001 to buy in though. The odds and history says it will bottom out at .001 like before.
For some of the Cyberlux investors who purchased in say 2, 3, 4, or 5+ years ago it's been a complete loss. Today that $1.00 invested in Cyberlux is worth $.06 (cents) (-94% value).
The real question in most investors minds is, "will Cyberlux be here 2, 3, 4, or 5+ years from now?"
Schmidt probably working on resume.
Most likely Schmidt is working on his resume and job interviewing skills at this point. Face it no salary for the last two years; do all you "investors" think he should go for three years in a row with no salary? Would you work for free? The correct answer is "it depends more information is needed." If the potential payoff was great enough and had reasonable odds 'yes' but this one now no one can say the payoff will ever be worth being a volunteer or free employee.
To me the smart thing would be to sell off the assets (including the contacts with the government)create a small parachute and exit!
There comes a time when you got to know when to hold em and when to fold them. We're past that point.
Why the need for a civil suit at all; let alone going down to the court house and filing anything?
Frankly, as a business owner I just call the local city police of my business and they come and pick up the check that's been returned twice. They actually want to protect the businesses doing business in their city and go after bad check writers aggressively! I don't fill out anything; never have. The twice returned check and bank statement(s) that come back with the check red stamped are evidence of a crime already committed! They (local town police) also contact and work with other local police and sheriff departments; like the check writer lives or works in Durham county! The local police does call when they go to arrest the bad check writer and ask if I want to ride along and watch. If the bad check writer is working they always and intentionally make the arrest just before the lunch hour in public view of all employees - just like on Law & Order!
The only thing I've been asked to fill out is a upon conviction a victim's recommendation of sentencing; which I usually say give whatever you get to the Duke's Children's Hospital including any payment plan the court works out and payment plans can take anywhere from a month to years depending on the amount.
The dilution is three-fold. (1)generate revenue due to lack of sales and accounts receivable, (2) to be able to pay the two employees on staff and other standard operating expenses, (3) so the officers can get some money to live on since they are not taking salary the last two years (it's in the filings).
As a local resident and business owner in the Raleigh Durham area most municipalities police departments have an open hour for "bad checks" (usually on Monday mornings). All you need to do is submit the check to your bank for processing TWICE. It must fail to clear twice as NSF (Non-sufficient Funds) or ISF (In-sufficient Funds); that's the only prerequisite for turning over a bad check to the local police. There is no requirement for a civil suit unless you just want to pay an attorney to handle this. Even when it's a company and not an individual.
An Accounts Closed bank stamp on a submitted check is obvious evidence of an intent to commit fraud and you do not have to submit it twice; it's automatically fraud. The NC statues cover NSF/ISF submitting twice because human nature says folks can't add and subtract good enough to convict them with only one pass through at the bank and actually most 'mistakes' are corrected by honest people. Also don't forget; when you as a business or person get notice from your bank the check didn't clear - Don't you think the check writer's bank notified them!
Additionally, the argument submitted isn't logical as for "not being paid: they never fully delivered on what they agreed to supply." Either a check was returned for non-payment by the bank or it wasn't. Sounds like the facts aren't on the table.
Out of state company's wanting local representation would cost significantly more than the $100 you mention for an attorney. Try a few thousand...Then again, if they contacted the local DA the DA would have just told them to contact the Durham Sheriff department for it's bad check group.
The vast majority of patents make no money! That is a fact and facts are pesky little things.
Emerson's saying, "build a better mousetrap" surmises the paradox as there are now well over 4,400 mousetrap patents with only 20 that make money! Wait the percentage of selling versus patents (20/4400=.0045%) or about what Cyberlux stock is valued at versus a penny! Is that just a coincidence?
Just because someone registers a patent doesn't mean it is a good idea or there is a market or even has a path to a market. Something Cyberlux has proven.
The business plan was flawed at the beginning and even still is. Think of GEICO's ad about the "bird in hand being worth the two in the bush". What I mean is their plan was to sell product(s) and make a ton of money. It probably would have been better for the original owners to stay private and sell the company's potential if there was any in the patents and get a few million!
The problem then is no one wants to buy it!
You are right. They don't have anything in common. What's $153M in government contracts! What does a share price of $51.32 versus $.0043. Yea man, total market value of $452K (cybl) versus $5.52B (cree)! You are absolutely correct they have nothing in common.
LMAO, ROTF...
Why Cyberlux is so advanced and ahead of everyone else they've run circles even around themselves and now have their proverbial head stuck up their own rear ends! That's how far ahead they are of everyone else.
Ah, Cree has a government contracts division and good relationships with other LED manufacturers in joint ventures with the federal government. Here's a few local headlines I've seen. Bottom line is Cree probably wouldn't waste it's time with this company.
Cree, a pioneer of silicon carbide devices, has government and military contracts worth $153 million, the report said.
Cree Awarded $15 Million Defense Contract to Advance Silicon Carbide Microwave Chip Production
Cree-Raytheon Team Awarded DARPA Program to Ready Gallium Nitride RF Semiconductor Technology for System Insertion (ah, Cyberlux copycat this one with Raytheon but they never got a government contract with them!)
Cree Research Receives Department of Defense Title III Contract Award Valued at $4 Million.
CREE AND PHILIPS AWARDED $5.2 MILLION CONTRACT FOR BLUE LASER DEVELOPMENT
Cybl going south like a snowbird heading to Florida for the winter.
Seeing the light...it's an LED company. That's good nutriman...
Remember part of the continued sale of stock is for management to live on as they are not receiving salary; just more stock to sell.
Reading the last statement the inventory number was a negative in value. That to me means they didn't have cash to pay but are floating inventory on credit terms with a promise of some kind of future payment. They have sold and delivered product but no one knows the terms of payment from the National Guard; one would assume the government gets at least a minimum of net 30. No one knows the delivery date and whether or not product was shipped earlier with the hope of payment earlier. Just because a supplier ships early doesn't mean you have to pay early; net 30 from requested ship date matters. This is all speculation but logical in business situations of these types . Another thing is no one knows if they received enough inventory to build any more product for next shipments or are waiting for payment to pay the supplier who will then ship more inventory that can be made into more product. Key point here is inventory is negative and means the past due date is at least one quarter from the suppliers view now.
The continued increase and sale of more shares usually isn't a good sign. It gives more cash to play with in the short term and then one wonders do you pay for the inventory now or change vendors and put another one on the hook for future accounts payable. It's poker folks.
Is it another great day at Cyberlux world? Anything change lately I've been gone. Going to read the latest report.
This week market value like the stock is down 8% and the week ain't over.
Real question is the slide going to end up back to $.0001 pre-R/S value? In the long run.
Why they have held on to the remaining available shares not sold the first day after the R/S only means they will gain less when they do sell if the slide downward continues. Not sure this was/is a good decision. The timing of the last PR was a hopeful effort to support the R/S initial price and provide some stability in short term but the market isn't playing that way.
I would think they have 15,000,000 shares they could sell on the market post R/S that were held back. If they sold all at initial split they could gain $111,000 if they sold by close of market price Friday it would be $60,000 more revenue for working capital to help fulfill remaining orders. I would guess they need that to keep making shipments. Depending on where one looks (Cybl or Cybld)there are two views currently A/S until the dust settles.
The revenue from the shipment is greater than the market value of the stock? $340,000 vs $318,716. 2 Points (1) Generally a R/S is a bad sign. (2) The rapid drop from initial R/S value in half is another bad sign.
Then again, this week everyone will see what happens to the share price. Every drop by $.001 loses 25% of market cap value. Then again the timing of the R/S was in conjunction with the announced shipment of product and if that can't keep the price stable what will? Also revenue booked isn't revenue received yet - any bets the shipments are net 30 FOB?
When I called to place an order for immediate shipment last year.
Bet that never crossed your mind did it.
Either your a new member as of 3/2010 or you just changed your handle then?
It is my opinion that certain people on this board have questionable motivation for puffing this stock and trying to overplay the significance of the National Guard Story.
I used puffing instead of bashing and overplay instead of downplay with the same words you used exactly.
Who would do this other than a person who either works for Cyberlux or is investor in Cyberlux.
Only a few words changed here too!
But the whole statements change don't they.
It is, in FACT, only a rumor that CYBL will be able to fulfill this order with the National Guard.
Here I only left out the word not because all PR's are just published rumors.
Is that not clear? Nothing changed here.
Yo, this is a board for putting forth opinions, views, speculations, hopes, fears and disappointments for anyone who joins and plays by the rules.
I'm a businessman and my experience says company's need revenue and you get revenue by shipping product and you ship product by getting orders and you get orders by having sales.
Gee, that just hasn't happened here.
The Annual Reports (SEC filings) when you read them they admitted their business plan was flawed in 2008 - they had no channel for sales and couldn't compete in the channel they originally entered. In 2009 they were trying to build relationships for others to sell their product in existing channels but that too hasn't really happened (probably due to the recession) as they appear to be making relationships (it's kind of like unemployed hanging with other unemployed folks - the key is to hang with those working if you really want a job). And oh, there was that pesky lawsuit they lost and diluted the stock to 17B shares in the last year with the PPS tanking.
Does it bother you if I'm not jumping on the bandwagon of rumor and speculation that hypes it. Not bitter just a realistic.
A few lines from Pink Floyd Dark Side of the Moon:
"Money, it's a hit.
Don't give me that goody good bullsh*t."
But maybe you'd prefer:
"Hanging on in quiet desperation is the English way
The time is gone, the song is over,
Thought I'd something more to say."
Mike,
Perhaps you should read some earlier posts.
Did Palestine4Life change his handle again? He's done it before.
No wait, are you the remaining FA still on staff at Cyberlux with nothing to do but answer the phone in case a customer calls posting here. I'll call that number since it's after 5 and they go home; it's local for me.
Dead is dead and all I have posted here is as true as it can be from a business operations and accounting view. The numbers speak for themselves in the annual reports.
Are you in the market for some swamp land? You remind me of a younger business owner I helped once. He had paid $10K for something that got 0 results and I offered to do the same for him for $5K and save him $5K. His partner who was a close friend came up to me later and ask, "How could you do the same thing and save $5K?" My answer was, "I do nothing just put the $5K in my pocket and he'd get the same result but it would save him $5K."
It's about business. Pass the cannolis!
jjj373,
Refresh my memory who was the true believer last year when it started the swan dive to current PPS?