Replies to post #75504 on CyberKey Solutions fka CKYS

[CheezyTang]

i think the truth is highlighted..

fact...he was arrested by the FBI
fact...there was no contract with the DHS
fact...that news is the MOST relevant news currently.

[tmcc]

[tmcc]

No. THE I-BOX is TRUTH
Why would anyone want to hide the TRUTH.
Visit the I-BOX often.
I'm POSITIVE more will be added to the PROSECUTION soon.

We do not want to assist in perpetrating this scam.

Board Members engaged in a LONG STRUGGLE
to
REMOVE the Lies, Hype and Progaganda
Ihat was once in the I-BOX
and the Moderator who kept it there.

It was removed so that Newbies would be tempted to
purchase FAKE CKYS Shares as mentioned in the 13 Page complaint in the I-BOX

I suggest you read it.

If you want your Money back
read my previous posts on RESTITUTION

If you want to wish TUBBY and CKYS well
I suggest that you wipe away his tears in private.

We just want FULL PROSECUTION of ALL involved
and
FULL RESTITUTION of our FUNDS.
CKYS is a SECURITIES FRAUD and SCAM

so says S.E.C, F.B.I. and the
U.S. Attorney's office
and
I agree !

[Hipster Dufus]

That was the most ridiculous post I have ever read!

By highlighting his arrest, you are warning “novice” investors about the facts. Most novice investors get caught holding the bag with these scams because they lack the skills and knowledge to do meaningful due diligence. They get sucked in by the cheerleading squads posing as stock investors/traders. I think it is great that the moderator of this board is responsible enough to post the negative facts so everything is clearly disclosed.

[keepthfaith]

Gilligan, there are many holes in your post. Here's just 2...you say that the commercials that they aired showed that this was/is a "real" company. In hindsight, the facts are that at the very time they were running ads, over christmas and after, 3 of their products were on back-order, and CONTINUED to be on back-order long after. So even at the time of the ads, people were unable to purchase those products. One can take from this that perhaps what they WERENT SELLING in those ads was product but, rather, what they WERE instead selling was stock (one of the many SEC/FBI allegations). Second point, you spoke of "encouraging those honest at Cyberkey" to keep going. Now tell me, do you know who, in fact, can be counted upon as honest, at this juncture?? Who would you suggest people encourage??? With the default of their product order from Sequiam now, what product would you suppose they can even sell now (I know, that makes 3, but just too easy not to include)?? There is much more to find wrong with your post, but that's a good place to start, IMO.

[IPRE-Paramount]

Weird story here. PR on 15th March.
Chronically if FBI arrested the CEO on 13th, If their products were fake , how the CEO still release this news on the 15th Making it still sound like the co own real products !?

Still hope for the stock to rebounce ? We never know .

--
CyberKey Solutions Own Internal Investigation Uncovers Improper Accounting and Reporting Practices as Investigation Continues by the Securities and Exchange Commission
Thursday March 15, 8:44 pm ET


ST. GEORGE, UT--(MARKET WIRE)--Mar 15, 2007 -- CyberKey Solutions, Inc. (Other OTC:CKYS.PK - News) announced today that initial results of an internal investigation indicate that a certain company official has utilized improper accounting methods and reporting procedures while handling critical company contracts. CyberKey's accounting and reporting of certain matters may be in violation of the practices governed under securities laws.
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Numerous material errors have been recently discovered regarding the Company's accounting for revenues received and accounts receivable generated, and corresponding payables made, pursuant to the fulfillment of a third party contract which the Company reported last year to have been secured with the Department of Homeland Security (DHS). In November 2006, the Company began to discover information which indicated that this contract was not directly with DHS but instead with a third party distributor that was representing it was having the Cyberkey products delivered directly to DHS facilities in different locations. The Company has discovered that none of the products supposedly sold to this third party distributor had been delivered to DHS as had been represented repeatedly during 2006. And, it appears that none of the revenues from this contract ever were realized by the Company since this third party distributor apparently circumvented the Company's relationship with its manufacturer in China and secured direct payment and delivery of the Cyberkey products without paying Cyberkey anything. This contract represented the then-reported core revenue stream of in excess of $20,000,000 for the Company for 2006, and a corresponding operating profit exceeding $12,000,000.

As of last week, CyberKey's comptroller notified the company's attorney that the financial statements for the last five quarters could not be relied upon as she had improperly entered financial data into the accounting system and had forged critical documents and other material information. She was removed from her position last week.

CyberKey has engaged an independent certified public accountant firm to undertake a comprehensive audit of its financial statements for the past 3 years. All financial matters will be audited and fully reportable when complete.

"I am deeply troubled by the findings related to the accounting practices of our company," stated Jim Plant, CEO and President of CyberKey Solution. "I apologize to our shareholders and the investment community for these problems, which happened on my watch but without my knowledge. I am fully committed to resolving all remaining issues as quickly as possible and to putting the proper remedial measures in place to ensure that this never happens again. We will be releasing corrected financial statements as soon as practicable. We will be updating the investors through our website as more information becomes available."

The company has announced that it is working diligently to develop new contracts with various government agencies and has not changed any of its operational activities, highlighted by its participation at FOSE 2007 booth number 1617 on March 20-22, 2007, in Washington D.C... CyberKey plans to showcase its latest products and solutions to thousands of Federal, State and Department of Defense Agencies -- and will provide interested buyers with a means of initiating government purchases directly from the EXPO via the Department of Defense Emall and directly with the company's GSA partner "Alpha Data Corporation," that will be present at CyberKey's display at the Expo.

[Divine Madcat]

I am late in replying to this, but I want to tackle it anyway.

First off - yes, he is innocent until proven guilty. However, the more important fact, is that his innocence is being questioned in the first place. Like it or not, this is something we all need to be aware of.

Second - Just because something is negative, does not make it true. Everything i have placed in the IBox is public record, and is pure truth. I am not proclaiming in him guilty, just posting things we need to see.

I am sorry if the changes happening around here are sweeping, but they NEED to happen. The ONLY thing that will get anyone ANYWHERE around here is the truth, and nothing short of all of it!

[budge]

but isn't he innocent until actually proven guilty?

the market passes sentence long before the court does. for the market, "beyond reasonable doubt" is not required. in fact, "the preponderance of the evidence" is not required.

all the market requires is "some evidence".

the market has passed sentence of ckys>

[janice shell]

Your post clearly illustrates what's wrong with relentless "positive thinking".