CYIOS Corporation (CYIO)

[Xeroe]

Geographical proximity does not a scam make. But let's walk through what we can find.

First:

On August 30th, 2019 Timothy Carnahan appointed David Greene as the new controlling CEO and Board of
Director; at which point Mr. Carnahan resigned thereafter. Mr. Carnahan surrendered the 10 Million
preferred share control block to Mr. Greene as part of the transaction.

Next:

NOTE 3 - CONVERTIBLE LOAN
During January of 2016, the Company entered into a $225,000 Convertible Loan Agreement
with Azure Associates in exchange for non-assessable shares of the Company’s Common Stock
based upon a conversion price of $.001 per share with interest accruing at 2.65%. As of August
31, 2019, the Company agreed to restructure the convertible debt from a conversion price of
$.0003 per share to $.001 per share.

Finally:

The Azure Associates, Inc. NOTE for $225,000 convertible at $0.0003 was sold at a discount as
uncollectible to JRICKS, LLC. for $10,000 on August 31st, 2019


So the timeline seems to indicate that 1) carnahan gave azure a toxic note 2) carnahan ousted, Greene take over 3) on the day after, Azure sells the note to J-Ricks & Greene renegotiates terms from .0003 per share to .001 per share.