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I'm not saying that - I'm just saying look at the record and dig deep when one invests. Don't believe a word of any company's press release.
As Lou Gerstner said when he took over IBM in 1992 at the first manager's meeting (manager's only not employees). "Ladies and Gentlemen you are called IBM Managers you have to tell the truth no matter how bad the truth is if you're manager doesn't want to hear it I do here's my phone number!" Preceding year IBM had revenue of $72B, didn't make a profit and lost $5B. That's being screwed up on a massive scale and was a near death event.
Kind of like what one friend of mine said after that meeting applies to the financial meltdown of 2008 - "when the guy telling the story is getting paid $3M a year - he knows if the story goes south so does his paycheck and he's going to keep his paycheck as long as he can!"
Correct o mundo. What happened to Home Director? They became the New Home Director corporation after exiting bankruptcy in 2006! Total market value of the company today is $73,335!
Even before BK when IBM had it - it was a really really small piece of business for IBM to even play in which is why they exited it. Had they smelled money there they would have sliced on the little piggy for all the bacon they could have.
What do you think happened to the last company Schmidt worked at and was on the board?
Note: his bio on Cyberlux's web page has been revised through the years!
from http://www.cyberlux.com/listings.php?id=1100&cid=1470
Cyberlux's webpage
Mark D. Schmidt, CEO, President, & Director
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.
Newspapers generally will call anyone in an exempt level job "executive". That's where you don't get paid by the hour but a salary and not over-time pay for hours worked over 40; "an executive". What's an executive?
That press release was to use Cree's LED products as a supplier for a Cyberlux assembly not as a potential revenue engine or distribution partner for any Cyberlux products which is how I interrupted the question. Hey, then again, Duke Power also has a connection that way - they sell the electricity that keep the lights on in the office! They might also be in business with Verizon in the phone business as southern Durham county where RTP is is Verizon territory!
Were we looking for who we pay bills to as suppliers?
Cyberlux has no connections with Cree and Cree has no excess capacity for anyone's production over their own booked sales.
But then again like I've asked before to the board, "what experience did Schmidt really have to run this company?" or "what happened to the last company he worked for prior to coming to Cyberlux?" or "what level management did Schmidt achieve at IBM?"
Remember I said there were 7 levels from the CEO/COB down to 1st level...
Oh, my brother is exiting IBM this Friday not that there has been an announced layoff mind you but he was a 3rd line who opted out of management a year ago and was asked to either take on a new project or join the next layoff. As a 3rd line he was making $250K a year and had no responsibilities the last year. If he agreed to go back in management he would been allowed to stay. Don't feel sorry he'll collect retirement the 1st of the next month at $80K and since he'll exit in a downsizing he'll get six months severance pay. That's $125K for basically quitting your job and drawing retirement in 12 days. Just got a phone call over the weekend; he's going to Florida to play golf. FYI-I quit years earlier when you'd get a whole year's pay in better times for quitting your job at IBM.
No way. The market cap on the company's total stock issued from it's original issue is only $1.14M so how could they generate $1M in the last quarter.
But you're always better off when you stopping digging your hole! Continued digging only gets you deeper!
Every share increase was authorized by a vote of the controlling members of share holders which is management and they with each increase they get their shares first to maintain control. They also control the majority of the B series stocks worth 50M voting shares each if I read it correctly.
Side note: while they are not officially paying themselves a salary the SEC filings for employee benefit statements released (twice in 2009 as Special Incentive Stock Option Plans) if you read them you'll see they are giving themselves shares for the purpose of immediately selling them for cash. No paycheck just stock they can sell! It's released public information. Again if I remember reading it correctly it pretty much comes out to $15K each time for CEO and a little bit less for each of the other corporate officers who are not taking a paycheck...
Yea, we don't know the terms but we do know 5B more shares come on line next week and it seems only logical that is to pay off the lawsuit winner by the lawsuit loser!
Love the comments about new financiers too I just saw. Like these guys have them lined up. LMAO
Bottom line is 194M shares trade on average a day the last 30 days. At current prices ($.0003 TO $.0004) that's an average daily trade volume in dollars of $67,900. That's isn't a lot of money!
If someone sold 50M shares as posted here today that's $15,000.00 exiting that's maybe alot for single working stiff investor but nothing for a hedge fund or really major investor.
Hey trick question what happened to the last company Schmidt worked at?
For any hope in two critical things.
1. Paying off the lawsuit.
2. Keeping the doors open another quarter.
Just the facts please.
Where did this come from?
"the company generated over a million dollars of capital while filling orders in q4."
Haven't seen a press release stating revenue statement in 4th quarter only that they shipped 10 units!
Quote from PR: the Cyberlux Portable Shelter Lighting System is designed to replace the existing fluorescent lighting used in all free-standing field shelters, ranging from personnel tents to command and control complexes.
Wait RayoVac is going to using they LED's in the flashlights and this will generate another $1M revenue.
Now they did generate $489K issuing and selling more stock in the quarter but the PPS went from $.007 on 10/1/09 to close at $.003 on 12/31/09.
That's funny, I don't care who you are.
The dude is a hedge fund investor who counter sued the company that sued him! What was positive about any of that! Cyberlux has to pay the settlement whatever that is and Cyberlux's own defense counsel not to mention sometimes the loser has to pay the winner's attorney fees is the next logical suit!
He still is vested with the hedge fund so should he say something neutral, safe and simple or something that could or may lower the stock before he sells. Now as a major stockholder he couldn't sell without filing as a major stockholder and if that would have most likely driven the value down more but he's invested still. Could he be just protecting what has been previously invested from more harm?
How in the world one could see something positive in a major investor counter suing the company is beyond rational and logical reasoning. But it's penny stocks and logic and reason have no place.
Up is a relative direction when one's been down so long.
From last quarter filing we know who the major shareholders are and each hold the following shares.
St George = 1,018,666,657
Barclay = 144,444,445
War Chest = 356,111,112
Deutsche Asset Management = 50.24M shares
William Blair & Co LLC = 5.5M shares
UTEK was a major shareholder and sold 25M last year.
Then there is the company execs: Schmidt, Ninneman, Ringo, Downing and Brown.
Yea, $6M and we don't know the details but whatever it is the question is "where is the money going to come from to pay the settlement."
SHOW ME THE MONEY! SHOW ME THE MONEY! SHOW ME THE MONEY!
If the agreed settlement amount was $6M where's the money coming from to pay for it? The announced stock increase was 5 billion and math works as usual.
5,000,000,000 x $.0003 = $1,500,000
To make $6M from sales if you're assuming they are paying $6M you have to sell 20,000,000,000 (20B) shares!
More lipstick on that pig hey or am I just seeing the ham being sliced from the same pig's rear side and it ain't even been slaughtered yet. The pig usually doesn't know he's getting ready to be BBQ'd and they only put the apple in his mouth after he's dead!
What is NIR Group going to do with the shares? Hold or Sell? If they sell immediately then that's pretty much a statement of taking the cash and running before the damn breaks. Will they hold or fold? The only chance NIR has of recouping equity from previous holdings and winning the litigation is taking stock as Cyberlux can't pay it's bills let alone a judgment! Remember the other litigation is for bouncing checks (supplier payments). Then again, they have to pay their attorney fees in this whole thing if it's concluded and settled. Net 30 could be due 1/18 date as filing states.
Think stockholder deficient will rise in the next quarterly filing?
I love the comment by Corey Ribotsky, Chairman of the NIR Group, stated, "Litigation is a last resort for our family of funds. We are encouraged by the progress that Mr. Schmidt and the Cyberlux team have made and we support their efforts to develop Cyberlux's business."
That could mean, any chance we have of getting anything we must ACT NOW. The original amount of our claim was $2M to $6M and if we can liquidate 2.5B shares at $.0003 we at least salvage $750K. Each point it drops here forward we loose $250K a point. Time is of the essences as our attorney's told us and those little burgers don't work for free.
THE PRECEDING STATEMENT IS FALSE AND NOT HEARD AS IF I WAS A FLY ON THE WALL! JUST SPECULATION ON THE OTHER SIDE FROM PRIOR POSITIVE THINKING SPECULATION PREVIOUSLY POSTED ON THIS BOARD CONCERNING HOW THIS STOCK WILL BE AFFECTED AS A MATTER OF GENERAL PUBLIC DISCOURSE OF GEE WHIZZES AND WHAT IF'S.
For Cyberlux management's part it's what I would have done to escape any pass through obligations when and if BK comes. If an actual judgment had come I wouldn't have wanted to be around as an officer of the business with no ability to pay. The courts wipe out supplier debt and stock holder equity all the time in BK but not judgments. They stay on the record!
Most states and the SEC have laws that cover disclosure by owners, officers and principals basically saying, "has been the subject of any bankruptcy, reorganization or receivership proceeding, or was an owner, principal officer or general partner of any entity which has been subject to such preceding. The disclosure shall set forth the name of the person, the penalties or damages assessed and/or terms of settlement, and nature of the etc etc etc." MORAL: not real good if you want be on the board of another public corporation in near future ya think? Want that on your resume? I wouldn't and neither would you. Settle move forward giving the legal claim winner time to recoup something and you keep your resume clean for the future maybe? Maybe all this could have been avoided if they had only called Free Credit Report...Laugh for sanity sake.
Last filing was late almost three months. Point of fact! Why do you think it is going to on time now. Technically, for a publicly traded company Friday (1/8/10) is the 5th working day of the new quarter and stock brokers are normally advised in advance of what will be the formal 10th day numbers passed along to via SEC filings.
Any bets the filing is late again like last time?
Curious as to who all believes this post?
I know Schmidt doesn't answer the phone at Cyberlux and the FA's who do answer in place of the former Order Entry (Sales Dept) desk persons would not transfer someone calling cold as an investor. All investors and all press inquiries are forwarded to Brown for inquiries who's number is public information too like the attorneys noted in all press releases.
Just got to ask. Has Schmidt always been successful or are there failed ventures in his past?
Believe Mr. Brown is the broker selling Cyberlux's stock and is also listed as a member of the board.
Ah, RayoVac is not a client but a potential distributor of the retail products Cyberlux has. Big difference. Boeing is also what I call a maybe customer. Just because a supplier gets approved by a major manufacturer doesn't mean an order is always forth coming.
If orders were placed and on the books I believe there would have been a PR statement!
Remember before a large company buys from any supplier they first must pass the supplier compliance requirements of the larger entity.
So you agree with my earlier posts that this company is prime for a takeover as the patents may be worth more sold individually than the market cap value at current prices!
Ditto this is why the poison pill last in last weeks press release and increase in shares being authorized.
What news that has any real value to the stock price has come out lately? Last year? If it was good news why has it not shown gains in the stock value? Press releases with no order entry size is the problem. Needing cash to keep the doors open means there are two choices: selling products or selling more stock. They sell stock!
A year ago today 1,000,000 shares at $.004 were worth $4,000 and today it's worth $.0003 or $300 or maybe $.0002 and only $200 depending on where it closes. Every DOLLAR invested in Cybl from a year ago to now is worth SEVEN AND HALF CENTS!
Maybe others just don't jump on the cheerleading bandwagon others have been riding when the supposed news hits! Either that or are you
implying yours are bigger than mine!
No that is not what I said. What I said it that it is a classic action taken to protect the management's holdings under the guise of protecting the stockholders. I also said it is a classic poison pill action as the company could be taken over by a minimal investor; today's opening puts the PPS at $.0002 and total market cap at $573K. Not too much for a single investor to try and make an offer on with the purpose as I previously stated being to buy it and sell the patents individually to other players in the LED market with established distribution and sales channels.
They are major stockholders themselves and they are human, They are looking out for #1 and I do not believe they are being altruistic.
Barring some significant with real sales attached it's only going lower. I do believe if you bought at the lower levels and a mini run comes you could achieve some measure of profit but for most investors from the early days of this stocks IPO through 2008 you're pretty have a loss just not taken yet.
Many think some constantly over-state the potential of Cyberlux.
Now a little run may let some who bought low effort in the last couple months to make a small profit but anyone who bought say two years ago when it was $.03 or higher if bought earlier is doomed.
Just checked today's it's at $.0002!
Ah, trading 5B shares will only net $2M if the price is $.0004 on or after 1/18/10! Current price ($.0003) nets $1.5M. Then again, if it bottoms out as the release says the value could be AS STATED in the proxy at $.0001 and net $.5M.
Here are the points to me.
1. Last quarter they sold shares gaining $482K and it appears that is the magic number to maintain momentum to keep the doors open. Around $500K.
2. It's a poison pill planned scenario which really only protects the company management but it's called "shareholder rights". Notice the proxy statement on outstanding voting shares by management folks! Who's the biggest shareholders?
3. By design it helps force a takeover bidder to negotiate with management and this company is and was prime for a takeover bid. Come on market cap on this is only $860K at $.0003 and $573K if it drops back to $.0002 range. Think about it, someone could offer $.00075 per share on a take over bid with total outlay being around $2.1M. The stockholder deficient of $45M disappears and sell each individual patent for $250K and make a profit in less than ninety days!
4. What amount will get most shareholders to sell out now? That's the question? If you could get double current market value would you sell? Anyone think the three "institutional investors" from last quarter wouldn't sell and double their value in less than 90 days?
All hypothetical and maybe a dream but that's playing the penny stocks to me.
In the last 100 days this stock price has pretty much tanked. Short history is three systematic sell periods with dilution as follows.
8/7/09 - stock price was $.0010 at beginning of 1st of three multiple sells to St George, Barclay, & War Chest.
9/30/09 - stock price was $.0007 end of 1st period of sells.
10/12/09 - stock price was $.007 and begins round two of multiple sells to same three players
11/2/09 - stock price was $.0005 end of 2nd period of sells.
11/12/09 - stock price was $.0004 and begins round three.
11/19/09 - stock price was $.0003 as round three ends.
12/18/09 - stock price closed lowest yet $.0002
Market Cap Numbers from beginning to current show following:
Date Shares Rate Total
8/7/2009 1,260,601,358 $.0010 $1,260,601
12/24/2009 2,868,177,256 $.0003 $860,453
As all can see the total value of the company has fallen and is currently 68% of what it was before the mass liquidation and shares issued increased by 228%.
As I said previously in a post I believe (term from another poster used here) the "institutional investors" were buying losses for tax purposes in buying this stock. I also said previously that I do not think the leadership here will continue working much longer for no compensation. The CEO's stock ownership values has dropped from when hired PPS $.35 with 16,128,280 shares value $5,644,898 to current value of $4,838 (now we don't know how much of the 88,353,674 ($26,506) went to the CEO but the total value of his shares is probably around $10,000 with no pay in the near future. The potential reward has disappeared but he's probably got his resume handy!
How are the products Cree makes that Sunovia sells inferior to Cyberlux's products? Please be specific on the technical details as much as you'd like. No generalizations and fluff though as I did work in the development lab for IBM on New Products being released to market. Press releases don't count Product Specs do!
Dole is no longer a Senator for NC. She lost the election. And as for David Price, he also showed up and supportED the NAACP during the Duke Lacrosse fiasco which was later proven to be a pack of lies and false claims. Duke is being sued in excess of $300M over that one and most everyone around here in the RTP, NC area is laughing over it. Price lost his seat a few years back only to regain it with Obama's election on the coat tails and he'll probably lose it again next year!
Just curious ever hear of Cree. They are also in RTP and are the kings of the hill in the LED lighting business in both corporate and government purchases! Their stock is $52.13 PPS. Their market cap is $5 BILLION! Not 800 THOUSAND! Earlier this week they signed up the Smithsonian Institute. Last month they signed up WalMart stores! Last week they bought LED patents from Daimler AG (MercedesBenz).
Ever hear of Sunovia-they buy from Cree and re-sell to municipal markets (city, county, and state governments). Their stock is worth $74.1M market cap as a penny stock and they just started in 2008.
Find some facts please.
That story is three years old; from 2006. Wait, they were awarding the contract for future year(s) purchases right? The contract wasn't fulfilled!
That does not mean any orders will be forthcoming. Here's a question, "how many items are on the government list part numbers or SKU numbers that never get ordered?" Most don't! To put it more direct and simple it's an 80/20 world in Part Numbers and systems. That means 80% of all part numbers or SKU's in any MRP/ERP/POS system will not have any activity on them.
Go to Walmart and check out the auto department for the list of oil filters for each car listed. There will be thousands and Wally world only orders the ones people really use most often or less than 150 SKU's but the book will have thousands!
You still are reluctant to cover the CEO's statement that they have no Go To Marketing capabilities in the last SEC filing. That's been the problem and continues to be the problem. Locally, when I called and asked about where I could buy their products in a retail store I was told they had none placed locally and I live about 17 miles from Cyberlux's headquarters! If you can't sell in your own back yard you got a real problem.
Great products but no sales strategy = bids at .0002 today!
Ah, management experience is the question and one I asked quite some time back. What is the experience level of this CEO that was achieved while at IBM? IBM has 7 levels of management from any employee to the President CEO; President CEO is the only 7th level! So that leaves 6 levels you can pick from!
After leaving IBM where he CEO go? And where is that company now?
Suitors are doubtful. Vultures are awaiting is it Chapter 7 or Chapter 11. Most likely Chapter 7.
Are not both parties suing each other? Which means each could cancel each side out thereby forcing both parties to go to arbitration and resolved the matter at a settlement table without a judge deciding the case. Right now all that is happening is billable hours by each parties attorneys.
As for lawsuits, NIR/AJW and Corey Ribotsky has lost in the past. He does not have a shut out going.
It all depends. Total stock available for sale (currently authorized per SEC filing 3rd qtr) is 2,868,177,256 is sold. As I suggested in my opinion on posting of 12/4/09 Cyberlux is looking for either a white knight to buy them or a white knight with channel sales and distribution they can team with. It's all a gamble whether they will succeed or bk first. Of course they could also have a board meeting, issue more shares and sell them for more liquidity keeping the doors open longer.
It will depend on what is announced on 1/7/2010 and 1/14/2010. Those are the 5th and 10th working days of the new quarter and publicly traded stocks usually have what are called their 5th day numbers for a PR release for the stock brokerage community advising of what the 10th day numbers will be. The 10th day numbers are the officially signed off SEC filings of numbers.
It's been pretty interesting watching this quarter. Stock price pretty much began at .0003 - reached .0004 on speculation of the market as to who was taking the chance and investing. Personally, I still think the large investors were going for tax deductible shares that they will write off as losses against profits from other higher flying stocks. Anyway the stock has leveled back at .0003 but market cap is up as share volume has increased by a factor of 2.2X (1.6B previously and now 2.8B). It's now time to either perform in revenue generation or go home.
It's not a hoax. Sandia Labs is real and is a test lab just like UL who is locally in RTP, NC as is Cyberlux. From a testing view there is UL in America, TUC C in Germany (EU), and then the Canadian National Standards lab. Sandia Labs are owned and operated by Lockheed Martin. Two of the mission statements categories fit the applications Cyberlux has been trying to sell. Energy, Resources, and Nonproliferation and Homeland Security & Defense. Sandia Labs are in Albuquerque, NM as is Sacred Power. Makes perfect sense they would get them tested locally and not send them to RTP, NC for UL and that UL isn't really all that big in solar.
Sacred Power is the solar panel company that Cyberlux is signing up to work with. They are not real big either (manufacturing site is only 8,000 sqft - I've managed manufacturing and distribution centers from 85,000 to 500,000 sqft). Size matters. They have seven distributors who appear to be local solar hot water installers and one bubbly dealer. A bubbly is a solar power water pump system for open range livestock watering. Other products are solar charging units and solar recharging units.
D&B, Manta, and other business credit reporting agencies will estimate annual earnings and employee headcount. As it's from past years and this year everyone is in the dumps it's probably overstated for this point in time.
Each investor invests for his/her and entities (corporate or private)for their own reasons and without hearing directly from the three major recent large investors or a public release of why they bought we simple don't know. I don't use the word "phantom" as again they are real investors "in" for their reasons. Long term or short term? We don't know. For potential gains or claiming losses this year? We don't know. But we do know some facts as supplied by the SEC filing.
Please tell me the details of how and where I am wrong in what I posted? Please tell me the same about my opinion being wrong? Details and facts where appropriate as I have supplied many directly copy and pasting from the SEC filing in support of each opinion I posted and listing the page numbers where they can be found.
I mean if you disagree with my opinion in a fair and logical way I'm open to a debate on what the SEC filing says and means. But just saying I don't agree or you're off without anything backing it up isn't what this is supposed to be about. A free flow exchange of ideas and speculation on the company in question on this board!
Have you ever called Cyberlux and asked any questions about any products? If you would like to order any of our products, please call our "800" number at 1-800-939-2925 or use our "Contact Us" page to send us a message. It's okay to call them and ask about their products and availability isn't it. I mean what if you really wanted to buy one, where would you get it?
Have you ever called Investor Relations and asked any questions of Mr. Brown (617-314-7379)? His number is on all press releases so it's public knowledge.
Bonus's for employees - what employees. Here's an idea. Could someone call like a potential customer interested in one of their products using the 800 number. Maybe ask where you could buy one of the retail products locally where you live?
Who is answering the phone you think? A financial analyst who's also doing all other tasks inclusive of picking up the phone as if they are the order desk! Maybe two employees. CEO, CFO, and other officers aren't employees and are working without compensation anyway. It's last man standing if you get the idea.
How many employees are needed when 3rd quarter sales were $7,157? Since it's lights maybe I should ask, "how many it takes to screw in a bulb?"
Gee, what if one called and asked, "That big old bright light post thing on wheels from you guys is that what I saw on I40 by the airport last night?"
What if the answer was, "in your and my dreams!"
When you read the SEC filing Page 48 you will see a statement for each stock 'group' issued whether it's St George's, War Chest, or Barclays. Copy and pasted next -
"pursuant to a deferred purchase and assignment agreement" (or)
"pursuant to a purchase and assignment agreement" (or)
"pursuant to a warrant purchase agreement"
It's listed multiple ways depending which party listed, the number shares issued and date issued whether it's a deferred purchase and assignment or purchase and assignment or a warrant purchase" But they are all in PART II - OTHER INFORMATION - as "Item 2. Unregistered Sales of Equity Securities and Use of Proceeds."
What does unregistered mean you think? Could it mean unregistered as pertaining to the Securities Act! It can be called a "private placement" or a "Sponsorship and Proposed Equity Capital Raise Agreement or (the "Agreement"). It's whatever the parties want to call it. Sometimes they register and sometimes they don't. Companies do and companies don't. It depends. IMO it's a private agreement made by management in the best interest of the company in their view and they are paid after all for their opinions and for managing the company on behalf of the stockholders and they are stockholders too. Just as a "manager" is paid for their opinion the employee isn't! Sorry everyone always has an opinion but the who's paid for theirs is the critical factor always. In this case they said they did it but the details aren't open to review by anyone other than the parties who executed it.
Realize the way this company is set up management retains all decision rights and each time stock is authorized they get another cut too making sure they maintain majority control. THIS IS NORMAL (especially in penny stocks). Read next statement in between two St George warrant purchase agreements and stock issued statements page 48 to see what I mean here.
"On August 10, 2009, we issued 3,850,000 shares of Series B Convertible Preferred share (“Series B shares”) to management."
Out of the blue maybe? Between two St George agreements! There's another slice of the pie for them! Authorizing and selling more stock is nothing more than baking another pie for selling in slices.
The remaining are listed on page 49 section, Item 5. Other Information. Subsequent Events. They are each an individual "subsequent event" and most likely considered a private matter between the company (management/board) and this individual large private investor. Again, you can call it whatever you want pretty much.
Two individual parties can always execute a private and confidential agreement. The average stock-holder is usually just a lender with no clout but a major investor (still a stockholder just a bigger one) has a little clout; usually they get to be first in line when payouts do come; whether proceeds from profits or bankruptcy court!
Geez, I would have thought folks would have focused on the "we can't sell our products in either channel DOD or Retail" as the critical issue for this company. I mean the only hope anyone has of value is if they make sales isn't it?