Corey Ribotsky's N.I.R. Group AJW Funds Downward Spiral Convertible Notes

[flaflyersfan]

mAjOr dAmAgE, interesting topic;

TRBY was successful in negotiating with AJW. The CYBL one is fairly cut and dry IMO. CYBL issued the SB-2. Stock price went up. They withdrew the SB-2 and issued another one with the higher PPS and better terms. Stock price went down. SB-2 withdrawn and new one was never issued. PPS declined and CYBL defaults as there is not enough stock available to pay AJW back on $$$ already received. AJW sends default notice. CYBL puts out a revenues PR the same day. CYBL sues with the argument that they did not know what they were signing even though they did it several times. CYBL puts out a PR about Government product sales and PPS skyrockets. Hopefully you can add to this story. Let us know what you find out.

Good luck.