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Mike,
As for the inventory statement read annual report. It's like $54K in inventory and how would you know it the inventory they do have is even the right inventory needed to build what may be ordered.
It can be old and obsolete and just not written off. They could have written it off last year as any corporation can when they want to offset profits for tax purposes. But imagine if they publicly stated in their annual report the inventory level was $0? How would that appear?
Frankly business has proven it's usually the wrong inventory at the right time in situations like this. Hence the supplier credit issue becomes the bogeyman. And they have supplier creditors chasing payments from years ago in court records.
They just never had a real order to fill!
Some here have been around this rodeo a little longer and maybe they bought stock when it was double digits and in this environment that greater than ten cents.
Oh, wait the market is wrong and this stock should be trading on the NYSE...
What do you think the rest of the world is wrong and you're right!
What to buy a bridge?
I question the veracity of the PR statement. Past history and PR's have proven to be "unfulfilled and speculative". It is what it is.
I question the "confirmation" of the order in general that I see posted on this board. Not the individual or their intentions. I
just would never take information like that forward to a manager dealing with fulfillment and the making ship dates in production. It's called getting a commitment. Mark Schmidt wouldn't either before working at Cyberlux. He knows - get the PO and get the delivery schedule published by week, by month, by year, compare finished goods versus parts build capabilities. Do your 30/60/90 forecast always be in an audit ready position.
I ran my own company for 10 years doing it that way and I had my taxes done 1 hour after close of business on Dec 31 any year.
The numbers are the numbers - they really don't change! Delay after Jan 1st from reporting anything is nothing more than trying to figure out how you're spinning it. Face it the works done the year is done what can change? Unless your using post it notes for running your business. I do assume people are using systems MRP/ERP enterprise systems that have the ledger including logistics and non-logistics reporting capabilities and I haven't seen many companies lately that don't use a system! Eveb Quickbooks works for small business.
It's measurement plan vs the base plan against the actuals YTD.
There's the rub - what's the YTD actuals for 2010? What were 2009 YTD actuals? What about 2008 YTD actuals.
You'd think they'd publish at least the first ship date of the order!
Quote: The buy was made utilizing a Federal Supply Schedule
in the National Guard Bureau's National Capitol Region Office.
What's that mean?
Then again, what supplier is going to give them credit. I don't have a subscription to D&B anymore but someone could run a report if their company has access. I tried using Manta but they want you to buy the subscription (used to be free when they stared out and they'd pretty much copy D&B).
Schmidt will use his personal credit card! or They'll get stimulus money from Obama.
Confirm the P.O.'s and ship date(s) if it's a real. Whether one purchase order with multiple ship dates or multiple P.O.'s with multiple ship dates.
Otherwise it's like saying the check's in the mail. In business I've learned to ask for two things when I'm told that; the check number and the routing number of the financial institution it's drawn against. That way I can call the bank and see if they even have available funds. You'd be surprised what you learn when you ask the right questions.
The real problem is credibility and these guys have none. All prior PR's are like the story of the boy who cried wolf.
Just seems to me for veracity sakes they would have announced the delivery schedule!
The new PR about the National Guard may just go the way of RayOVac PR.
Whoa Nellie.
(1) A $3.4M order still leaves them underwater from a liabilities point by more than the $3.4M order is worth. They have so much more debt than that.
(2) Then what's the 200:1 going to result in.
(3)Then again, any government purchase order will have a cancellation, order modification or alteration clause. i.e. they may ship $3.4M and they may not; it depends!
Counting the chickens before they hatch is pure speculation and the history of this company says some of these eggs are even eggs yet!
A pair of Triangle technology companies won two of the biggest federal grants announced today for technology research.
Cree, the Durham lighting company, and ABB, the Cary-based heavy electrical equipment maker, won $7.9 million in grants for advanced research in energy efficiency.
The U.S. Department of Energy announced the grants today as part of $92 million in federal funding for 43 research projects in 18 states.
ABB will lead a $4.2 million research project, and Cree will head up a $3.7 million project. Additionally, one of Cree's research partners will be ABB, while Cree will also be participating in a research project directed by Arkansas Power Electronics International.
Cree specializes in making light emitting diodes, or LEDs, which are much more efficient than conventional light bulbs.
Earlier this year the company qualified for a $39 million federal tax credit under an Obama administration program for green energy manufacturing. Cree was the only North Carolina business that received tax credits under the $2.3 billion stimulus program.
Read more: http://blogs.newsobserver.com/business/cree-snags-37-million-for-electronics-research#ixzz0tVNM57Yv
CyberNuts I mean Cyberlux didn't get any grants or qualify for any tax credits...Striking out as always!
Cyberlux is located in RTP and RTP is just 12 miles from Raleigh and is Raleigh spitting distance from the three main east coast military distribution centers where the majority of supplies ship from for overseas usage.
Ft Bragg (Army)is south 65 miles by Fayetteville, Seymour Johnson (Air Force)is outside Goldsboro, and Camp Lejune (Marine Corps) is 120 miles.
What government contracts?
Guaranteed government purchasing agents will be there!
Raleigh LED Seminar and Who's missing?
"Arrow Electronics and Cree have partnered to bring you the First Annual LED Lighting Seminar and Solutions Fair in Raleigh, NC. This event, taking place June 16-18, 2010, will feature seminars from Arrow, Cree, and many other additional lighting manufacturers to help you design complete, optimal lighting solutions.
Manufacturer Sponsors
•Autec
•CEL
•Cree
•Diodes, Inc.
•Fraen
•Linear Technology
•Micrel
•National Semiconductor
•NXP Semiconductors
•RECOM Power
•STMicroelectronics
•Texas Instruments
•Tyco Electronics
Who’s missing? Cyberlux!
They need sales of their products to paying customers not more BS in a PR statement from Schmidt or Brown.
NIR was paid off to settle. Started at fifty cents on the dollar on the high side and ended up with twenty five cents on the dollar for the settlement; hence the 17.5B share increase and liquidation sales. That's the BS PR in the latest announcement...
Funny way to get up to date. File 2007, 2008, 2009, and 2010 simply because the NC SOS had published a notice of revocation of Cyberlux's corporate charter...They hadn't filed in four years!
http://www.secretary.state.nc.us/corporations/Filings.aspx?PItemId=5394046
PowerSecure buys LED stakes
BY JOHN MURAWSKI - Staff Writer
PowerSecure International, the Wake Forest energy services company, is jumping into the burgeoning field of LED lighting in a big way with two acquisitions.
The company announced Tuesday that it paid $4.4 million for a majority stake in Innovative Electronic Solutions Lighting, a 19-employee company in Morrisville, with the option to buy all of IES for about $10 million.
PowerSecure is also assuming a full stake in EfficientLights, its South Carolina lighting subsidiary. PowerSecure had acquired a majority stake in the company in 2007.
Both LED companies develop street lights, security lights, parking lot lights and similar applications, using energy-efficient light-emitting diode chips made by Durham-based Cree and other suppliers. EfficientLights also sells LED lighting for refrigerated display cases in grocery stores and convenience stores.
Read more: http://www.newsobserver.com/2010/04/07/425185/powersecure-buys-led-stakes.html#ixzz0kQD3WrvU
Note: They didn't buy Cyberlux can you guess why? All in Cyberlux's backyard.
I can't claim credit for being right I received an enveloped from "Carnac the Magnificent" in the mail which was hermetically sealed and kept in a mayonnaise jar on Funk & Wagnall's porch and knew the late filing filing was coming today.
We got 20B shares, do I hear a bid for 30B? Carnac sent me an email today...
Then again you get off the pick sheets and in the big leagues by reporting in a timely manner something called profits.
Intent and integrity go hand in hand. Are they missing completely at Cyberlux today?
The quarterly filing for the 4Q09 was due on the 10th working day after the close of the quarter or around 1.15.2010.
It's so late the real question is will it be produced before they exit the 1st quarter 2010???
Been awhile since I last posted but here goes.
1. The 4th qtr 2009 filing is months late. This has been a repeating pattern of this company since Jan09.
2. Assuming all stock issued and sold is for paying off NIR then the company is still cash poor. It will be interesting to see the numbers but the last filing showed minimal cash reserves. Remember they were trading stock for debt in some cases.
3. Schmidt has been working without pay for one year now and I doubt he will work another year without pay. Whether he stays or goes is an open question in my book.
That's the 20 billion share question not dollars.
5,000,000,000 sold in Jan at $.0002 average = $1,000,000 in cash liquidity reserves going forward for 2010.
10,000,000,000 more selling now averaging $.0001 = $500,000 additional cash liquidity.
Schmidt has some cash to play with. Doors stay open through summer at least while everyone waits to see he someone can sell product instead of shares.
Where else can you buy 5,000,000 shares for $1,000 today. Pure risk with minimal chance of a reward but hey I've wasted that amount in an evening in Reno...
Schmidt never was a Marketing or Sales whiz. His career was and is:
1. Hired by IBM as a Production Box Scheduler after graduating from NC State as a ME not EE which IBM pays more for.
2. Then worked in the Inventory Department where he entered management as a 1st line manager.
3. Followed by moving into 1st line Materials Manager's position in support of the ValuePoint Desktop PC.
4. On the side between 2 and 3 above he opened a retail store in Chapel Hill with his wife, which failed very quickly and went out of business negotiating a lease expiration payout. Normally you can't get a lease without signing for three or five years and if you exit in your first year you still own on the lease. Arbitration.
5. Back at IBM he was moved to a Project Manager's job in Consumer channel for retail options which was IBM's retail PC product channel. At this time he told me he had "failed" in his prior management position. His words not mine. There's nothing wrong with failing and admitting it - you learn from it.
6. Next he was the Project Manager for IBM Home Director retail products which was spun off by IBM and entered the market as a stand alone entity. This was a very small business and eventually went bankrupt in the early 1990's.
7. Schmidt then found a home at Cyberlux as he had gone through Duke's MBA program while at IBM and technically was on the Board at Home Director.
Understand folks what that means. It wasn't like he was on IBM's board. He never made a 2nd line manager's position while at IBM at anytime. Like Cyberlux - Home Director probably had 90% of the employees as officers and board members. Personally, I am a VP & CFO of my own corporation. My wife and kids go to business meetings which are deductible not vacations!
Due diligence by most here has never been done. Basically there is an ex-1st line manufacturing manager running this company. There isn't anything wrong with that - it's just what it is.
On the bright side for Schmidt as long as he keeps trying and is open to learn from his past success will happen; maybe just not here at this time. His glaring problem is the same as most in his position. His ego.
No mention of the quantity. And the term "product" is singular. What is it the proto-type submitted for Spectrum Brand approval process.
In reply to recent posts.
1. Total shares out now 7.4B from prior post. Market cap range $1.5M to $2.2M (0002 vs 0003 value). Shares authorized not sold yet 2.5B market value range $512K to $768K of 10B. Management reserves enough shares to control all votes 50.01% (see 14C 1/19/2010). If cap is 10B and management reserves 50% only 5B could be sold and on open market.
2. Assumptions I agree with authorized share increase most likely being used for settlement with NIR and not generating revenue for company. No reports of product sales. 2009 AS and sales float cash through first half of 2010. I believe as part of settlement (sealed as we will never know) is the idea of floating this turkey through Jun 2010 allowing NIR a chance at redeeming some of it's monies. They were owed $6M. Total market cap is significantly less.
3. It's like every poster here has recently bought in at .0003. Major shares authorized and sold last 7 months have been at .0003 and were clearly identified previously as St George, Barclay, and War Chest in large chunks. Prior small pieces by individual investors were clearly purchased at higher levels pre Jun09.
Jokingly I call Scott's toilet paper campground quality as my wife is a Charmin girl. Who knows maybe its cheaper if you put it on a roll...
"Like a baby treats a diaper." Norm replied when Woody asked him upon entering the bar on Cheer's one afternoon. That's pretty much how Schmidt and Cyberlux treats the stockholders.
Welcome to the group. Thanks for helping to keep the doors open this week with your recent investment in Cyberlux.
Would that be Distributed Order Management System or Dirty Old Man Sh*t?
Looks like she danced at $.0001 today already and the rest of the days dances are going at $.0002.
Ah, a hooker that discounts by volume!
LMAO ROTF
The patents don't need to be approved to have value.
Filing for patents is easy.
Getting patents on something a customer wants and will pay for is of value; creating market value and generating revenue is what matters!
Forward looking statements from whom? Richard Brown like the PR release on the patents that started this thread.
"Cyberlux a leading provider of LED lighting solutions..."
I didn't know leading providers didn't have sales!
"Well done is better than well said." Franklin
Forward looking equals doing nothing.
It's BS to hype and keep the value above $.0001 for further dumping of the previously authorized increase of shares. Nothing more - nothing less.
PLO - Sometimes we have to learn the hard way. Dole only visited because she was running for office and losing in the election polls.
Folks want the winners to visit and Cyberlux got her! Cree had the winner visit. To the winners go the spoils.
I don't think they have 11 people working there now. I think they have 5. Schmidt (CEO selling stocks), Ninneman (Sales & Marketing), Downing (CFO accounting for all the stock sales) and 2 FA's supporting and tracking the stock sales along with answering the phones in case a customer calls and wants to order something. Brown's a broker in Boston and doesn't just work for Cyberlux. Ringo is the corporate attorney,lives in Marietta, Georgia and has a practice there.
My real question now is will the board be selling their shares or holding. Being frank about this the potential is 5B shares publicly held at $.0001 is $500K market cap public with the house (management) holding the other 5B ditto value you get total market cap of $1M. I mean five months ago it was $.0004 and worth the same amount with 75% less shares issued. Yes, the board or management typically holds as long as they can but hey if the ships sinking why go down with it. I ain't no hero and don't think Schmidt Brown et al are either...Even in penny stocks can it go lower than $.0001 to $.00001? Can it be de-listed on the OTCBB as a major stock is when it drops below $1.00?
You don't think it's any of the newly printed shares being sold by Schmidt/Brown as Cyberlux to keep the door open?
Or NIR selling it's newly printed shares that may be the settlement?
it's illegal technically.
Would that not require good news! And if they had good news would they be sitting on it? Not in the past.
A new year at Cyberlux is akin to a new schedule to an engineer or a new canvas to an artist to paint a new picture. It's 'do over' time.
Point(s) being
1. 2009 10K Annual Financials took till 5/18 to publish and was announced late on 4/1! The remaining 2009 quarterly reports were somewhere from 6 to 7 weeks after the quarter closed. Typically, well managed public companies practice the 5th day and 10th day numbers publishing schedule. 5th day pre-announce to broker community what the actual 10th day published numbers are to SEC. Actually, any audit ready company could in theory publish their financials and do their taxes at close of business on 1/1 if they are always in an audit ready position. I know that's how I've run my companies being ready 12/30 as New Years Eve were always closed but the numbers really don't change!
2. Last couple proxy's and PR statements basically said, we settled the lawsuit, we're increasing shares, and we doing this by management direction in confidence with no disclosure of the details of the settlement or what is going on in the company as we have the company and shareholders best interest at heart.
What scenario will they paint? What scenario will the market paint?
Those are the questions.
"Every crowd has a silver lining."
"There's a sucker born every minute."
"Without promotion something terrible happens...Nothing."
PT Barnum
Here's the bio from Cyberlux's webpage:
Mr. Schmidt graduated Summa Cum Laude with a Bachelor of Science Degree in Engineering from North Carolina State University and earned an MBA Degree from the Fuqua School of Business at Duke University.
Mr. Schmidt is a former IBM executive with over 15 years of consumer marketing, business management and venture startup experience. He is a recognized technology product marketing & sales expert who was responsible for the global market launch of the IBM Valuepoint and IBM Aptiva personal computer products as well as multiple accessories, services and home networking products.
He has held positions responsible for product development, manufacturing, marketing, sales, strategic partnerships and worldwide channel development.
100% PR fluff(read PT Barnum quotes above)
What this company still needs, needed all along and lacks the foresight to see was finding that golden salesman or saleswoman who could and would bring home the bacon. It's never even been on their radar. Seen it play out many times before and it's usually the ego of the owner or CEO (private vs public). They don't value the salesman/woman when they drive the companies revenue stream. A revenue problem is usually tied to a sales problem. This assumes you have viable products and I think Cyberlux's products are viable but they are not competing in the market in sales.
Celestica (CLS) locally bought out a guy who was on the verge of bankruptcy years back and here's that story. The guy had a great saleswoman and went stupid. He had hired her at 10% commission and after 6 months she was bringing in over $200,000 a month in printed circuit board jobs. Well, he thought she was being overpaid (she was making more than he was now and that was the real problem or ego problem) - called her in one morning saying he was cutting her commission down to 5%. She never batted an eye in the meeting and went back to her desk until lunch. Went to lunch and never came back. Lost the majority of the accounts and on the verge of bankruptcy when Celestica came in and bought him out for the assets to enter the market locally.
TGIF or toe goes in first!
Brown is a major shareholder, company officer, stock broker and company PR guy.
On the integrity and truth level is that one notch above or below a politician today?
I posted earlier I thought the share increase was a either poison pill scenario or it may just be to pay off the settlement of the lawsuit. Until anything becomes public knowledge via a press release of SEC filing we're might as well be mushrooms!
One thing we do know - bids are being accepted now at $.0003 and some even at $.0002.
Is a valid point is being brought up about excessive spam and the invective attitude in so many numerous and constant postings.
This will probably be deleted but abusive intolerant spamming is okay.
Pardon but when would the shares out be adjusted in determining market capitalization and changed on reporting online charts? All the boards I've seen still show only previously issued and sold shares or 2.86B.
Then again, would not the company most likely be attempting to sell in large blocks as they did in the 3rd quarter and wait thru the 2nd quarter to see the affect on PPS as they did through 4th09? Then the question is would these large blocks issued and sold be announced real time (PR) or most likely listed on the next quarterly filing as they did in 3rd qtr 09?
Cree triples its profits
http://www.newsobserver.com/business/story/293432.html
The gorilla in LED market Cyberlux is trying to play in.
Cree reported after the markets closed Tuesday that its revenue rose 35 percent in the fiscal second quarter that ended Dec. 27 compared with a year earlier. Revenue totaled $199.5 million; the consensus forecast among analysts was $187 million, according to Thomson Reuters.
Profits totaled $33.8 million, or 32 cents per share, triple its profit of a year ago. Profits excluding stock-based compensation and amortized goodwill was 38 cents per share, versus 30 cents per
share projected by analysts.
Walmart's agreement to purchase Cree's LED bulbs for track lighting at 650 stores, a deal that was announced in November, as a milestone.
IPO price $1.22 (2/93) yesterday's price $54.21.
Actually that's the problem, "he isn't a regular sales or marketing guy" and Cyberlux's sales have proved that point!