Trade your own trade. Not someone elses'
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That's good news! Your pr. is much better than anything cybl has put out lately! Perhaps it'll raise our share price.
Hey given what has been going on the price will continue to erode. I plan on making my next purchase at .02 or less. Actually I hope it doesn't go there. But the trend is your friend. I'm caught in the cycle of averaging down. This should cease at some point. At least I hope it does. Cheaper shares is not what we really want.
I hope that is all she did! You didn't get served with papers did you. If that were me I would be pissed! Sounds like you have more problems than you know! Good luck with that!
Looks like .02 is immanent. I'm ready willing and waiting. Like they say take what they give you. I would rather be buying a .03.
Yeah, I know. I must admit that I'm a bit perplexed by things of late. I would expect some sort of pr. from cybl unless they were working on something that would keep them from it.Perhaps the 4th quarter wasn't as rewarding as they had hoped and are fearful of driving the stock further South. Just don't know. Not trying to be negative since I'm in for 100K not a lot to some but still significant to me! I'm willing to give things some time here. I expect many are in above .030. Real news should drive this thing to .04 I would think.
Looks like we could be at .023 for a while.
Is level ll showing any promise? anyone?
I posted that because many of these type of agreements only allow companies to sell a designated number of shares at a time, or a set amount over a designated amoumt of time. It appears that cybl did neither.
I thnk that is part of the 700,000,000 that has been tossed about. Even after reading this I can't say that I have full and complete understanding.
Here's what we are dealing with.
CYBERLUX CORPORATION
NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
(UNAUDITED)
NOTE B - NOTES PAYABLE AND CONVERTIBLE DEBENTURES (CONTINUED)
The Company entered into a Securities Purchase Agreement with four accredited
investors on July 28, 2006 for the issuance of $500,000 of convertible notes
("Convertible Notes") and attached to the Convertible Notes were warrants to
purchase 15,000,000 shares of the Company's common stock. The Convertible Note
accrues interest at 6% per annum, payable quarterly, and are due three years
from the date of the note. The note holder has the option to convert any unpaid
note principal to the Company's common stock at a rate of the lower of a) $0.10
or b) 40% of the average of the three lowest intraday trading prices for the
common stock on a principal market for the 20 trading days before, but not
including, conversion date.
As of September 30, 2006, the Company issued to investors of the Convertible
Notes a total amount of $500,000 in exchange for total proceeds of $490,000. The
proceeds that the Company received were net of related fees and costs of
$10,000.
The Company entered into a Securities Purchase Agreement with four accredited
investors on September 26, 2006 for the issuance of $280,000 of convertible
notes ("Convertible Notes") and attached to the Convertible Notes were warrants
to purchase 10,000,000 shares of the Company's common stock. The Convertible
Note accrues interest at 6% per annum, payable quarterly, and are due three
years from the date of the note. The note holder has the option to convert any
unpaid note principal to the Company's common stock at a rate of the lower of a)
$0.10 or b) 40% of the average of the three lowest intraday trading prices for
the common stock on a principal market for the 20 trading days before, but not
including, conversion date.
As of September 30, 2006, the Company issued to investors of the Convertible
Notes a total amount of $280,000 in exchange for total proceeds of $259,858. The
proceeds that the Company received were net of related fees and costs of
$20,142.
These transactions, to the extent that it is to be satisfied with common stock
of the Company would normally be included as equity obligations. However, in the
instant case, due to the indeterminate number of shares which might be issued
under the embedded convertible host debt conversion feature, the Company is
required to record a liability relating to both the detachable warrants and
embedded convertible feature of the notes payable (included in the liabilities
as a "derivative liability").
The accompanying financial statements comply with current requirements relating
to warrants and embedded derivatives as described in FAS 133, EITF 98-5 and
00-27, and APB 14 as follows:
o The Company allocated the proceeds received between convertible debt and
detachable warrants based upon the relative fair market values on the
dates the proceeds were received.
o Subsequent to the initial recording, the increase in the fair value of the
detachable warrants, determined under the Black-Scholes option pricing
formula and the increase in the intrinsic value of the embedded derivative
in the conversion feature of the convertible debentures are accrued as
adjustments to the liabilities at September 30, 2006 and December 31,
2005, respectively.
o The expense relating to the increase in the fair value of the Company's
stock reflected in the change in the fair value of the warrants and
derivatives (noted above) is included as an other comprehensive income
item of an unrealized gain or loss arising from convertible financing on
the Company's balance sheet.
o Accreted principal of $2,075,392 and $866,701 as of September 30, 2006 and
December 31, 2005, respectively.
The following table summarizes the various components of the convertible
debentures as of September 30,, 2006 and December 31, 2005:
September 30, December 31,
2006 2005
--------------- ---------------
Convertible debentures $ 2,502,295 $ 894,201
Warrant liability 3,682,678 2,013,188
Derivative liability 6,886,518 6,809,449
--------------- ---------------
13,071,491 9,716,838
Cumulative adjustment of derivative and
warrant liability to fair value (4,789,197) (4,322,637)
Cumulative unrealized loss relating to
conversion of convertible notes to
common shares charged to interest expense (597,194) (565,539)
Cumulative accretion of principal related to
convertible debentures (2,075,392) (866,701)
--------------- ---------------
$ 5,609,708 $ 3,961,961
=============== ===============
One question has been answered. No restriction on selling.
RISKS RELATING TO OUR CURRENT FINANCING ARRANGEMENT:
THERE ARE A LARGE NUMBER OF SHARES UNDERLYING OUR SECURED CONVERTIBLE NOTES AND
WARRANTS THAT MAY BE AVAILABLE FOR FUTURE SALE AND THE SALE OF THESE SHARES MAY
DEPRESS THE MARKET PRICE OF OUR COMMON STOCK.
As of September 13, 2006, we had 97,529,157 shares of common stock
issued and outstanding, secured convertible notes outstanding pursuant to our
securities purchase agreements dated September 23, 2004, April 22, 2005, October
24, 2005, December 28, 2005, March 23, 2006 and July 24, 2006 that may be
converted into an estimated 45,394,058, 75,000,000, 40,000,000, 38,888,889,
27,777,778 and 25,000,000 shares of common stock at current market prices,
respectively, and outstanding warrants pursuant to our securities purchase
agreements dated September 23, 2004, April 22, 2005, October 24, 2005, December
28, 2005, March 23, 2006 and July 24, 2006, to purchase 2,250,000, 25,000,000,
800,000, 700,000, 19,000,000 and 15,000,000 shares of common stock,
respectively. In addition, the number of shares of common stock issuable upon
conversion of the outstanding secured convertible notes issued pursuant to the
securities purchase agreements dated September 23, 2004, April 22, 2005, October
24, 2005, December 28, 2005, March 23, 2006 and July 24, 2006 may increase if
the market price of our stock declines. All of the shares, including all of the
shares issuable upon conversion of the secured convertible notes and upon
exercise of our warrants, may be sold without restriction when registered. The
sale of these shares may adversely affect the market price of our common stock.
Several of us seem to be pretty optimistic about 4th quarter results. The rest of the market seems to be bearish. Hope our optimism isn't misplaced by a quarter or two.
OT: Seems like everything today is trading in a very narrow range.
Ok, I'll will try and take a look at it tonight.
I wouldn't expect much back from that, other than I'll pass it along. They already know that. These guys have been around for a while. As an investor it would be good to know a little about their game plan. I'm still thinking that they could be into a quiet period.Can't say why. Some of you in the past have said that they communicate fairly well.
I hate to appear dumb here,but that makes no sense to me. I would think a higher stock price would make things better for evryone. What am I missing here?
You could be right. We just have no real way of knowing.If cybl has had a decent 4th quarter how long would it be before the 10K was filed?
That's probably about right. I think we could see .03 if the cheap shares quit comming out. Guess we'll just have to wait and see what happens.
Buyers are looking for those cheap shares! When does that action start?
Sorry, should review my posts! Obviously I meant cybl not cyos!
What's your secret? You go first!!!
So, If cyos earned 300k after all expenses. Then you placed a P/E of say 30 on them. Year over year that would give us roughly a thirty cent stock. That would be in my thinking a pretty darn good quarter. Do you think my P/E is about right? Anythoughts?
One thing about the price right now is that buying this stock could be as good or better than many IPOs that you see. In my mind I would think cybl could be a .20-.30 cent stock perhaps this year. Given your knowledge and understanding of this company is that to high in your opinion. The dilution might make that suspect.
OT: The frustrating part of all this is that so often we find what we believe to be the next,next in product developement or services.It seems like those visionaries that are first to the scene have to suffer though what seems like never ending dilution of THEIR favorite stock which erodes their investment. Then Johnny come latelies end up with what turns out to be fair valuation while the visionaries attempt to average down. I'm not sure what the answer is here since obviously it's a bit of a crap shoot anyway. Should visionaries be more critical in their thinking or is it more a matter to stay in the ball game and eventually hit a homerun. Anyone relate to this or care to expound? It is after all the weekend and not much going on except KSU,KU & WSU basketball! Might make for some good therapy!
The one thing that I like and am very cognizant of is the ungoddly leverage that we can get. That is perhaps the main reason I'm here. Leverage allows you to make more money than you can ever make with your hands. Unless you are a counterfitter!!
I would guess all of these otc. stocks have their problems. I suppose that I just stated the obvious. Other wise these stocks would have a much higher valuation. That is why the risk reward is so high. With all that is going on cybl stock seems to have pretty good potential. I hope as all of you that they can find their way since they appear to have a product and a growing market. I guess their most prominant challange is to sell enough product to take the CD sellers out. I mean this sort of selling hurts insiders as well.
Yeah, I agree. They could keep these guys on the matt for some time. If this continues I might try to flip shares for a minimal gain. But over the long haul this isn't the easiest thing to accomplish as the price could continue to erode. I'm really wondering if cybl is obligated or allowed to hold dissemination of prs. until this particular type of selling subsides. One question that comes to mind. I wonder if these cd dumpers are only allowed to dump x shares during any given time frame.
Have a great weekend everyone. One thought. where do you think all those shares are going?
Ok who jambed us back down to .026?
what?
We got us some manipulation going today or what? Looks like the goal is to close at .03!!!!
Don't know about you guys but my bid is on .023! They want to sell cheap! Feed me!!!
How redicolus? mm puts ask on .029? LOL My bid is .023
Hey, I'm still a buyer. I'm going to add to my position. Just not at .031! Mr. MM and CD converter,you will find me buying at .023!!! Bring it on you dipstixs! I think I'll sell some at .03!!!! How about deem apples?
That's the way things look to me. What's with the ask suddenly going to .03? This is some of the goofiest crap I've seen in a while.
Given the start and where is appears to be now, this could go on for months unless the company interceeds.
Guess there is not much any of us can do at this point except hope that it pass fairly soon. You know if it's a cd version. Aren't these guys usually limited as to how many shares they can dump at a time? Anyone know for sure? I suppose it would be what ever terms they agree to.
Oh, I agree. I'm not sure what this is. It could be a matter of them just having to wait until the seller is done. This could be shares granted previously to some other entitiy. They may just paying the piper for some of their past. JMO
It's just my opinion but I don't think they are that concerned with share price right at this moment. Don't know why. Don't know if it's a self imposed quiet time until all shares are sold. Just don't know. But I believe that they are aware of the angst. Their pat answer will most likely be that they are working to secure value for the long term share holders. It may well be a violation to put out a press release that would influence pps while all of this is going on. Anyone else? JMO
I wondering how long it will be before the powers that be speak! For better or worse! I think most believe good things are happening. Just would like to hear it from who all LED blessing flow!
I agree with that whole heartedly!