CYIOS Corporation (CYIO)

[Xeroe]

What case is closed?

I'm making the point that there's no benefit to company/mgmt/note holders if the SP declines. You seem to be arguing something completely different.

They will not convert these shares as long as they wish to maintain control of the company. Were they to convert, they would lose the majority control of shares. It's not going to happen unless one of them leaves - and there's no reason to think that's possible at this point.

Greene did not convert his series b until he left the company and was replaced by Lewis. They were a form of compensation for his services as CEO.

The series b shares were then reissued to O'Shea as compensation for his services as director/chairman.

The entire 'swap' so-to-speak was coordinated to ensure that the incoming management gained total control of the company upon Greene's exit.

This particular Craig Fischer note is peanuts as well. 20k. Gets shares at 45% discount from average low from the past 10 trading days. Again... would take a sudden dramatic increase in price to make more than 20k-30k profit... or convert now at lows and hold for long term gains.

His other notes total $360k convertible at .12 per share (3mil shares). Again... he cannot make money unless there's an increase in share price above and beyond .12.

Similar for the OFBP note... price must go up for there to be meaningful profits realized.

Don't lose the point in all this minutiae... there is no benefit to the company, management or note holders in a declining share price.