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Honoring the hard work and dedication of all the incredible U.S. workers this Labor Day, including our Cyberlux team. Cyberlux is committed to delivering innovative solutions for the Defense Industry and supporting U.S. and Allied missions on a global basis.#LaborDay⦠pic.twitter.com/SE4GcZxl4N
— Cyberlux Corporation - $CYBL (@CyberluxC) September 2, 2024
Not serious mistakes in the latest filings. There were very minor changes or adjustments made to the amended filings. Once the attorney letter is uploaded, I am assuming 3-5 business days to move to Pink Current!
https://cyberlux.com/about/#board
Their website has been updated with the Defense Advisory Board.
Since Eisner Amper is reconciling the books - $33Mill in AR is accurate. There is no chance that EA would help facilitate fraudulent financial reports.
Thats my takeaway too. This should at least show a severing of the ties between the two creating some distance.
https://finance.yahoo.com/quote/CYBL/history/?period1=1633046400&period2=1640908800
I think this is the likely reason for CE.
250Mill shares free trading shares - undisclosed - until much later. 200Mill more shares in August 2022 - free trading.
He would have had to have sold the first 250Mill shares before he received the 2nd 200Mill shares or else he would have been a 5% holder and an affiliate.
It's very possible that he sold the first shares almost immediately, look at the volume and price on yahoo price history. He could have made off with $10M+, more shares, and suing for his $5.5Mill back.
He received 250Mill free trading shares during the height of the run in 2021. He sold those or else he would have had to have reported as a 5% holder when he received 200Mill more shares in August 2022.
Such as? I have my own speculations. I think it'll be resolved - but I do think it was warranted.
and STILL wants to sue for $5.5mill. lol
Even if they were sold at the lower averages...
(250Mill @ .03) = $7.5mill
(200Mill @ .012) = $2.4mill
$9.9mill
The lawsuit doesnt even mention the free trading shares that were issued. I'm very curious to watch this play out!
just for the fact that he was issued half a billion shares in October 21 - November 21 (250mill) while the price was .03-.055 and August 22 (200mill)... price .018 - .012 and still wants $5.5mill is just mind boggling to me.
no they're 7 pages per document.
nah ive read the complaint on pacer. hes wanting $5.5mill even though he probably already was issued half a billion shares. i wouldn't doubt that those shares are probably part of the reason for CE in the first place!
The Lawsuit shouldn't keep the CE from coming off or going Pink Current.
Something that isn't mentioned in the lawsuit is the 250mill free trading shares that were also issued in October 2021 and November 2021. Then another 200mill free trading shares in August of 2022. 450mill shares, almost half a billion shares.
It wasnβt me as I havenβt sold a single share of $CYBL in 2.5 years!
— Brett Rosen (@BrettRosen325) May 23, 2024
I donβt have any shares of $CYBL to dump on the market. Iβm a merely a debt holder that hasnβt been paid!
— Brett Rosen (@BrettRosen325) August 15, 2024
I don't know why you even include Brett Rosen in the "state of the company" address... Brett Rosen isn't even a part of the company. He was a financier, thats all. The PPS will stay stagnant until the CE is removed. But if you can't see that the business is continuing to grow and evolve then that's on you. They did update the Investor FAQ on their website 2-3 weeks ago. We will see the next quarterly report in a few weeks too.
Their partnership with Opto-knowledge/OKSI should inspire confidence.
I am personally but CE removal is at the sole discretion of the OTC Markets, unfortunately. But I also don't see them dragging their feet much longer either.
They have submit everything that the OTC has requested per their latest update on the website. Everything is awaiting review again after the amended filings and attorney letter.
I do. Licensed pilot and went through several training courses, and have done plenty of research on Cyberlux. The companies that they have preparing their filings and business transactions (EisnerAmper, Tjong & Hsia, Thompson Coburn, et al) are all incredibly strong companies who don't represent scam companies. The generals and former senior officials who are on our advisory board rival that of companies who are 100x the size of Cyberlux. They will get this squared away and moving forward.
Yes, 110% confident.
This is exactly what happened. They got caught in a shakedown, in forum shopping, made false statements on their filings saying that there were no other cases pending, etc. Cyberlux removed it to Federal Court and filed countersuits and the other party knew they were caught, tried to dismiss/settle out of court.
Yes that's it. I knew I saw it, but I couldn't find it again. Thanks for this.
The company has verifiable contracts and some partnerships with big time DoD Suppliers (Fairwinds Technology). They will get through the CE and regain Pink Current. I saw on twitter that OTC may require additional disclosures to regain Pink Current for companies are designated CE, so the Q1 disclosure in 12 days should make that happen.
Welcome to MG Cameron G Holt to Cyberlux Defense Advisory Board
We are pleased to announce Major General Cameron G. Holt, USAF Ret., as a foundational member of our Cyberlux Defense Advisory Board!
#CyberluxDefense $CYBL
We are pleased to announce Major General Cameron G. Holt, USAF Ret., as a foundational member of our Cyberlux Defense Advisory Board!#CyberluxDefense $CYBL pic.twitter.com/ZllzJg6eiU
— Cyberlux Corporation - $CYBL (@CyberluxC) November 18, 2022
SGM Martin M Moore Cyberlux Defense Advisory Board
We are pleased to announce addition of SGM Martin M. Moore, USARMY Special Forces Ret., as a foundational member of our Cyberlux Defense Advisory Board!
#CyberluxDefense $CYBL
We are pleased to announce addition of SGM Martin M. Moore, USARMY Special Forces Ret., as a foundational member of our Cyberlux Defense Advisory Board!#CyberluxDefense $CYBL pic.twitter.com/aWCEHYGwOC
— Cyberlux Corporation - $CYBL (@CyberluxC) November 18, 2022
Just for clarity, Brett Velicovich is a part of Cyberlux Defense Advisory board. He and Mark have spent time together with the Advisor to the Minister of Internal Affairs of Ukraine.
The recent attacks in UKR including the pedestrian bridge in the center of Kyiv are personal for our #CyberluxDefense Team, pictured here with @TheDroneWarrior and @Gerashchenko_en in the Kyiv central park. We will do all we can to help. More updates as allowed! $CYBL πΊπ¦ pic.twitter.com/tdxvFN9rQP
— Cyberlux Corporation - $CYBL (@CyberluxC) October 11, 2022
We are pleased to announce Brett Velicovich @TheDroneWarrior, Unmanned Aircraft Systems Expert, as a foundational member of our Cyberlux Defense Advisory Board! #CyberluxDefense $CYBL pic.twitter.com/zVgqLN0wVR
— Cyberlux Corporation - $CYBL (@CyberluxC) November 18, 2022