Sorry for the misunderstanding. I know that the company is completely inocent. The run up was from the hype of BRVO investors looking for the next fantasy ride.
A bunch of buyers who ran the price up without knowing ANYTHING about the company.
I'm sure it is a reasonable company, but the run up was unwarranted.
I think there may have been some manipulation? Then again, I don't know why? The following is c/p from the top of page 1 and it indicates the "lower" as .03 so why manip the average up? Guess it secures the .03 but not going to get any better...if I understand the read correctly? Maybe I should read further but? I will try and keep CYBL on my watch list. I sure messed up on BRVO dropping it off watch. CYBL could very well bust one heck of a move down the road? Every Company has to plant and feed the seed for it grow.
(I have no reason to want anyone to lose monies...sorry if you did. Just trying to be a stand up guy. Best wishes to all!)
175,000,000 SHARES OF COMMON STOCK
This prospectus relates to the resale by the selling stockholders of up to 175,000,000 shares of our common stock, including up to 150,000,000 shares of common stock underlying secured convertible notes in a principal amount of $1,500,000 and up to 25,000,000 issuable upon the exercise of common stock purchase warrants. The secured convertible notes are convertible into our common stock at the lower of $0.03 or 50% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before but not including the conversion date.
Well, if they want to sell ASAP from .03 then yes, they would like to have the price up.
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