Replies to post #10857 on CYIOS Corporation (CYIO)

[surfkast]

1/2/2020 75,17 71,839 3,298 Demand 25% discount to market price
at time of conversion
OFBP Proprietary
Limited
John O’Shea
Loan

1/2/2020 7,406 7,048 358 Demand N/A OFBP Proprietary
Limited
John O’Shea
Loan

5/18/20 20,000 20,000 0 5/18/21 55% multiplied by the Market
Price (representing a
discount rate of 45%) with a
“Floor Price” of .001c which
means no conversions can
be priced below Floor Price.
“Market Price” means the
average of the lowest three
(3) Closing Prices (as defined
below) for the Common Stock
during the ten (10) Trading
Day period ending one
Trading Day prior to the date
the Conversion Notice is sent
by the Holder
BB Winks LLC
Craig Fischer
Loan

6/15/20 20,000 20,000 0 6/15/21 Fifty Percent (50%) of the
lowest Trading Price (defined
below) during the twenty (20)
Trading Day period ending on
the latest complete Trading
Day prior to the Conversion
Date,
GPL Ventures LLC
Alex Dillion
Lo




Also here are the conversion factors for the preferred.

Timothy
Carnahan
5% Holder Miami, FL 5,000,000 Common 5.8%


Now lets take a look at Tim


Timothy Carnahan 5% Holder Miami, FL 5,000,000 Common 5.8%

Interesting that there are claims that he has nothing to do with CYIO.


It gets even juicier. Here are the fines imposed by the ALJ.

Under Section 8A(g) of the Securities Act of 1933 and Section 21B(a) of the Securities Exchange Act of 1934:
CYIOS Corporation must PAY A CIVIL MONEY PENALTY in the amount of $500,000; and
Timothy W. Carnahan must PAY A CIVIL MONEY PENALTY in the amount of $100,000.
Under Section 8A(e) of the Securities Act of 1933 and Sections 21B(e) and 21C(e) of the Securities Exchange Act of 1934:
CYIOS Corporation must DISGORGE $37,500.00, plus prejudgment
interest. The prejudgment interest owed will be calculated from December
1, 2012, to the last day of the month preceding the month in which
payment of disgorgement is made. Prejudgment interest will be computed
at the underpayment rate of interest established under Section 6621(a)(2) of the Internal Revenue Code, 26 U.S.C. § 6621(a)(2), and compounded
quarterly.148

https://www.sec.gov/alj/aljdec/2020/id1394jeg.pdf


And finally the appeal filed by Carnahan/CYIO was denied.

ORDERS and ADJUDGES that the Plaintiffs' Complaint [ECF No. 1] is DISMISSED WITHOUT PREJUDICE for lack of subject-matter jurisdiction. The Clerk of Court is directed to CLOSE this case. Any pending motions are DENIED as moot.

DONE AND ORDERED in Fort Lauderdale, Florida, this 11th day of March 2020.

https://casetext.com/case/carnahan-v-sec-exch-commn