Monday, September 24, 2018 2:16:57 PM
AS 100M
OS 36M
Float 16M
Insiders own 69%!
No notes so no dilution
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=EWVw0%252bKcEUuTZthy%252fOW5kw%253d%253d&nt7=0
The SEC had a ruling against CYIO but recently vacated the decision effective August 22nd.
A new judge was assigned to the case and has to rule by October 3rd.
https://www.sec.gov/alj/aljorders/2018/ap-5955.pdf
The judge has previously ruled AGAINST the SEC in cases. I believe it will simply be dismissed and here’s why.
The legal term for vacated is as follows, “To vacate a court order or judgment means to cancel it or render it null and void.”
If dismissal happens CYIO could then possibly collect the $5M in damages it is seeking. That leaves a book value of .14. With a multiplier and low float the sky is the limit. This used to trade in dollars. CYIO used to be a government contractor with that DOD greater than $10M in revs and they are still active! If you add in revenues book value heads up near .50 with no multiplier. This used to trade around $2 no problem.
So to review, low float, case vacated, new judge, $$$
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