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Thursday, September 06, 2007 1:31:14 AM
I would certainly think that those like yourself who bought millions and millions of shares all the down on CYBL would be selling Thursday and Friday and locking in profits. CYBL almost got back to July highs on 40 million traded. If you cannot sell at .006 after buying at .003; you should not be in the markets. I did predict exactly what happened today, you seemed to have missed that post;
There is a small window of opportunity here while Outstanding Shares are under 600 million. TAKI and the third leg can pump this up while they cannot dilute so people in CYBL can sell. The company needs to come out quickly though and explain their intent on handling their Default. The fact that they came out with a "revenues are on track" PR the day they were served does not bode well. IMO after reading the SEC filings; they cannot restructure all that debt with a .003 share price without a massive Reverse Split. This will raise share price enough to allow AJW to restructure and it costs the company nothing but further dilution. It will destroy current shareholders as CYBL will easily be down 80-90% in a short period of time.
The sooner that the company addresses their plans, the better chance current CYBL shareholders have. Also realize that none of the above has anything to do with selling LED lights or "naked shorties".
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22361503
The positives are that CYBL cannot dilute past 700 million shares and there is a great buzz about this stock right now which is ALL that matters on this or any other OTCBB or Pink sheet stock. The negatives?;
http://www.sec.gov/Archives/edgar/data/1138169/000114420407047926/v086979_ex99-1.htm
We did not know that AJW, Millenium, AJW Offshore were toxic financiers even though we signed several contracts with them over the last three years clearly defining the discounted stock we continued to give them. Lack of business acumen or total ineptitude is no defense IMO. BTW- could the Gelmon mentioned be one of the Gelmons from BANY which was another OTCBB stock totally destroyed by AJW?
lucyinthesky?
Good luck.
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