Replies to post #5405 on Cyberlux Corp (CYBL)

[analyzethis]

396 IF the pps holds above .03, which it didn't.

[RG]

It is there in black and white, no argument here. Maybe someone else can clarify where the 340 Mil figure comes from.

SB-2 9th Page of 124 TOC 1st Previous Next Bottom Just 9th

Common stock to be
outstanding after the
offering......................... Up to 396,362,491 shares

[crooked33]

table from the same SB2, notice the note at the bottom:

SEPTEMBER 2004, APRIL 2005, OCTOBER 2005 AND JULY 2006 SECURED CONVERTIBLE
NOTES, COMBINED

[Download Table]


Number % of
% Below Price Per With Discount of Shares Outstanding
Market Share at 50% Issuable Stock
------- --------- ------------- ----------- -----------

25% $ .0375 $ .01875 197,753,662 66.97%
50% $ .025 $ .0125 296,630,493 75.26%
75% $ .0125 $ .00625 593,260,986 85.88%

DECEMBER 2005 AND MARCH 2006 SECURED CONVERTIBLE NOTES, COMBINED

Number % of
% Below Price Per With Discount of Shares Outstanding
Market Share at 55% Issuable Stock
------- --------- ------------- ----------- -----------

25% $ .0375 $ .016875 71,111,112 42.17%
50% $ .025 $ .01125 106,666,667 52.24%
75% $ .0125 $ .005625 213,333,334 68.63%


As illustrated, the number of shares of common stock issuable upon
conversion of our secured convertible notes will increase if the market price of
our stock declines, which will cause dilution to our existing stockholders.