CYNX DD just called the company and got some awesome information.
1. 1,000,000 dollars is to be paid to CYNX in the next 30 from 5barz. A 8k and pr will follow
2. the 16,000 purchase order from last year is still in place and the company plans on having this complete within the next quarter. The contract is in place they are waiting on the final approval for shipping from COFETEL, The Federal Telecommunications Commission; Mexico’s equivalent to the US FCC.latin america. CYNX has already been approved from our fcc.
3. CYNX created 5barz for funding in order to preserve the shareholders and not destroy the shareholders. They are extremely shareholder friendly and do not want to dilute the share price going forward. They owe 50k in convertible notes according to the recent 10q but will be paid in full once they receive the 1 million dollar payment from 5barz. That is also the reason for the drop in price was due to the convertible notes but the company will have cash to pay soon to avoid any further dilution. CYNX is where the money is at and they have all the pieces in place.
4. They website is down because the contract that CYNX has with the website designer is almost up. The current website designer wants 10 grand for any changes made to the website and CYNX refuses to pay that much money because it is in the best interest of the share holders. The contract is almost up and the new website will be up within the next 2-4 weeks but it was expressed that it may be closer to the 4 weeks.
5. I wasn't told this directly but i got the felling from our conversation that once all of these contracts and all the debt that former management left us is cleaned up there will be a Merger with the 2 companies and BANG. All i'm going to say is ground floor opportunity right now CYNX new board cares about the shareholders and we will be rewarded for our patients. 5barz and CYNX are very friendly and they are both beefing up their staff for a huge $$$$ making opportunity.
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