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Mythic,,,take all else but don't take the bed! :)
Hang in there...I am.
Does not really deviate from what I stated, but OK.
So why are you here? Why so bearish as your tag signifies?
MythicWatcher...like most of us on this board, we are shareholders.
Tell us, though: Why are you here? Why do you not want CYBL to succeed? Why do you not want the CE removed?
Thanks, Semper Fi. I do not have access to Pacer, so this is extremely beneficial. I will save link and look for other updates and docs.
Regarding the lawsuits, please correct me if I am wrong, but on the Atlantic one that was dismissed without prejudice, which I believes means that it is essentially over and initial settlement is what both parties are governed by.
As to Rosen, I don't think he has much there, other than collect what he lent CYBL. Aside from these 2 lawsuits, the 2 or 3 bashers on X claim that there is a 3rd lawsuit, but I don't see that on this list.
Bottom Line: It seems to me that a few people are coming for Mark and CYBL now that they have over $30 million in the bank.
What most people don't know or care to know is that over the years, Downing, Schmidt, and Ringo lent the company millions of dollars to keep afloat. Some of the alleged money transfers are probably related to settlement of those personal loans to the company. IMO.
I see what you are saying, UAS. Unfortunately, it took almost 3 months last time for AL to be re-issued, presumably after OTCM reviewed everything.
Thank for your feedback!
Yeah...I think that is part of the issue as well. He has debt financing where he some of his shares only convert with a stock price of $0.25.
Apologies. Corrected to read: SEC compliant.
Gosox...the answer is that the company has and continues to issue shares to the insiders, whether the Defense Advisory Board members, officers of the company, and/or to all the new employees coming into the CYBL family. They are issuing, not buying/selling them.
At some point, the stock will have to trade because of all the shares owned by the insiders. I have zero doubt about that. It is only a question whether it will be done via the oversight of OTCM or under another exchange when the company becomes SEC complaint.
Well, Attorney Letter did not come out last week. Not sure what the rules and/or regulations are with OTCM. Maybe AL is not needed, if there is no change of opinion by the attorney. Who can answer definitively whether AL is needed or not for FY 2023 after the annual report revision was made?
Gosox...he said Pink Current. Pink Current is not a guarantee of CE removal.
We shall see.
I think AL will be out today.
Really? How do you know that? There is nothing published on the K8.
If you look at the videos on the CYBL website, especially the 1st one, it shows the target to be bombed, explosion, and then camera pans back to the drone showing the explosion. That suggests to me that the explosive is released, and not a Kamikaze drone. Unless they are using 2 drones at the same time: One to fly drone into target as you claim and another to film the explosion. I don't think so.
Plus, as someone posted, you need drones to do reconnaissance, hence, the high value cameras and sensors of the drone. I think there are several functions of CYBL's drones, all of which the Ukraine military uses as they see fit.
Cannot wait for CYBL to be awarded another drone contract as part of the new aid passed in April.
First good post from you and I stand corrected. Does not really matter. DOD specified CYBL drones (not HII).
Prime Award Results
Sub-Contracts
2
Sub-Grants
0
Subaward ID Subrecipient Name Subaward Obligations Subaward Action Date Prime Award ID Prime Award Recipient Name Prime Award Awarding Agency Prime Award Awarding Subagency
P000043846
CYBERLUX CORP $78,857,414.20 2023-08-29 47QFCA22F0039
HII DEFENSE AND FEDERAL SOLUTIONS, INC.
General Services Administration Federal Acquisition Service
1321171
CYBERLUX CORP $342,465.00 2023-09-14 SPE8EL23F1CRL
ATLANTIC DIVING SUPPLY, INC.
Department of Defense Defense Logistics Agency
1-2 of 2 results
You are right, Semperfi. It is not about the number of posts. It is about the Alias Born date of today (8/20). Maybe it is Fire Lane's alter ego.
You have good reason to be suspicious. I would...I am.
According to the bashers, they did not get any. All fake money and filings.
And there are companies that take even longer. Someone previously mentioned a company that had CE designation for almost 5 years.
Prove it! All the information provided by DOD website as well as the information provided by CYBL state that the contract was awarded by the DOD. As Semperfi stated, Ingalls acted as a logistics provider. So, you are telling us that CYBL was given a down payment of $37 million (I think that is the number) from Ingalls (a publicly traded company) to CYBL. Boy, when Ingalls ran the financials on CYBL, they must have been so eager to give them that much money. NOT.
Once again, you seem to know so much. Do you work for Ingalls? Why not share all the details with the board?
They (CYBL) had told us, through the Wall Street Journal, that they had production problems. And given the Q2 numbers, that seems to have been remedied.
In your parallel universe, you are right...it did not happen. Why are you here, Fire Lane?
I was mostly kidding, Gosox! At this point, there is nothing to do other than wait. Something will have to give: There are too many investors and debt holders and now employees that have shares and they will trade someday /somehow. Perhaps when CYBL company is SEC compliant.
More dribble, Fire Lane. You profess to know what you are talking about when, in fact, you know as much as anyone else on this board. The drone contract was with DOD, not Ingalls. They engaged Ingalls for the logistics to get the drones over to Ukraine. Whether that relationship is still in place or not is immaterial. There are other partners. In any case, if they shipped out the majority of the drone contract, then presumably they found another partner to help Cyberlux on the logistics, if in fact Ingalls is out of the picture.
You have been spewing this commentary for months now. Not sure what it is getting you.
Fire Lane...Unless CYBL is cooking the books, the $33 million is in Accounts Receivable. That means that they shipped the drones and other equipment, invoiced the government, and now await payment. To say that this is not correct is just ignorance on your part.
Gosox...you complain incessantly about CE. Is this what keeps you sane or does it bring you one step closer to insanity?
UAS...not sure if this part of the issue or not. But the lawsuit between Rosen and CYBL should signify to OTCM that they are not scheming together. As far as I am concerned, it is an overall positive thing.
Semperfi...and UAS Pro...I think both of you are right. Rosen knows that CYBL now has money to pay them ($33 million in AR from US government), so he is looking to extract additional funds.
Rosen had a big mouth about the share price going to at least a quarter and the biggest and most explosive upside for CYBL. With that not happening--at least not yet--he is just trying to save face. Plus, I suspect with his other debt holdings in his other companies, like OPTI, he must be hurting financially and needs to squeeze other companies to get money.
Just my humble opinion.
Cash, I will just reply by saying, "My very wishes to you"!
Lula, so Downing is out of the day to day and that CFO person is out, but does it state who the new CFO is?
Helpx is just another minion of George Sharpe's.
100% in agreement. So, a day like today where Cyberlux seemingly will be awarded with another DOD contract, the stock sells off. Less than $10K involved and fell about 20% before a little recovery.
Must have been someone hard up to raise some cash. The problem is that you probably have a dozen or so accounts at SpeedTrader that try to trade the stock. Back and forth trading with the same players, IMO.
Once CE comes off, then we have real trading. The stock should be at least 3 or 4 cents once CE comes off (to begin with).
Ambro, I was going to start a new book today, but your banter with Semperfiguy has entertained me this afternoon.
In essence, I mostly agree with him and much less with you.
In some ways, you are a bit of a hypocrite because you are not considering all the past history of Cyberlux, even though you stated to consider the past, present, and future.
I was an early investor in Cyberlux (over 15 years ago) when they were just a LED lighting play. I made money when the stock went over fifteen cents and then lost money when the stock was virtually worth nothing for many years.
Mark could have folded the company; he could have filed for bankruptcy. But he never did. He had to dilute to pay off company debt and then diluted more to attract investors. Now he and CYBL are in a great situation to capitalize with the new company strategy and government contracts.
Yes, mistakes were made with Cyberlux, and I have pointed that out many times to the company. But at this point, we need to focus on the present and future.
Lastly, let's assume that OTCM does not remove the CE. Mark is determined to move the company forward and to have the stock trade again. That is why they stated that financial audits are starting this quarter. So, if no OTCM trading, then they can uplist once they are SEC compliant. And I don't care if they have to do a reverse split to be on another exchange because the company's financials will support this.
By the way, I own a lot more shares than what you stated in your post. Presumably, I have a lot more to lose than you.
Good luck to you!
Respectfully,
SLM
In case you folks are not aware, the Q&A section on CYBL's website was updated very recently (I believe this week). It has some new information, and it all points to very positive things coming up for the company.
Ambro24,
While your opinion is appreciated and respected, you know nothing about what is going on with Cyberlux and OTCM.
Mark Schmidt is Cyberlux. I am sure there is a succession plan, but Mark will see this through. He is not a quitter.
When the attorney for CYBL asked for CE removal, that implies that the Form 211 was already cleared by FINRA. If that were not the case, no competent attorney would request CE removal in the AL to OTCM.
Remember: There are other attorneys involved, including Jennifer Clarke. She is highly competent and from a very reputable law firm in NYC.
In my opinion, in the case of Cyberlux, I believe OTCM will issue PC status and CE removal at the same time.
The Attorney Letter of April 4 was the first, public request to remove CE since it was put on by OTCM. I can afford to wait a few more weeks or even months until that happens.
Oh Wise One! Do tell us why "never"? What extraordinary information do you possess that precludes CYBL from getting CE removal?
No WWIII. Only if Russia gets involved. But I would tell them that after Israel and USA get done with Iran, they can have Iran and its vast oil reserves. That should appease the Russians. Even Putin would take that deal.
Poster is referring to this release in 2021:
https://www.nasdaq.com/press-release/retransmission-cyberlux-corporation-provides-updates-on-authorized-share-level#:~:text=As%20a%20final%20update%2C%20the%20Company%20stated%20that,Current%20status%20as%20part%20of%20the%20Company%27s%20filings.
As a final update, the Company stated that it has now enacted a No Reverse Split Policy which will prevent CYBL from engaging in a reverse stock split for a period of up to 5 years. Cyberlux will make this policy amendment available to the public once it has achieved the OTC Pink Current status as part of the Company's filings.
really? What other financial advice can you impart on us, poor CYBL shareholders?
You know nothing
Are you George Sharp in disguise?
To all CYBL believers, this is the best part of the Attorney Letter. They now have two paths to start trading again.
"The Issuer is a supplier to the United States Department of Defense (DoD) and as such has
undergone in depth investigations by the DoD. If there had been any negative results of said
investigation, the Issuer would not be a supplier to the DoD. Additionally, the Issuer has retained
EisnerAmper Advisory Group LLC to assist the Issuer in preparing for their audit, which is
scheduled to commence during this second quarter,
The Issuer respectfully requests that the CE be removed from the stock in that the designation is
causing financial injury to the Issuer and its shareholders. Please advise. "
you have no basis for making such wild statements. Do you even know what the OS count would be if they did that? I believe a previous poster showed you the numbers, but you choose not to believe them.