Replies to post #10948 on Cyberlux Corp (CYBL)

[flaflyersfan]

rattlewatch, it is simple;

CYBL signed agreements with AJW Partners et al to take cash in exchange for discounted stock which AJW has been selling into the market through DOMS;

http://www.sec.gov/Archives/edgar/data/1138169/000114420405016631/0001144204-05-016631-index.htm
http://www.sec.gov/Archives/edgar/data/1138169/000114420406039053/0001144204-06-039053-index.htm

CYBL cannot pay them back because they neither have the cash nor enough stock Authorized to fulfill their legal obligation. cut and dry.

As I stated a while ago, a PRE-14C announcing a gigantic increase in Authorized or a forced Reverse Split or AJW could attach all assets of CYBL to themselves for payback. Remember also, CYBL cannot payback the $150,000 C/D from Deutsche Bank AG London or any other stock obligations beside AJW.

See BANY and IBZT for great examples of the damage AJW can cause. On the flipside, both TRBY and WYDY got out of the obligations of AJW; TRBY spiked and slowly died and WYDY is chugging along.

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".

Good luck.