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Cyberlux Corporation Issues Monthly Recap with Key Accomplishments for the month of August 2021
Cyberlux Corporation Issues Monthly Recap with Key Accomplishments for the month of August 2021.
About this update from Cyberlux Corp.
[{"type":"text","content":"Company provides Shareholders and Investors with key updates and milestones that were achieved during August 2021RESEARCH TRIANGLE PARK, N.C. (September 1, 2021) – Today, Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting, renewable energy, and active technology solutions, provided an update on the Company’s key accomplishments during the month of August 2021.Cyberlux Corporation CEO Mark Schmidt stated:“Dear CYBL Community,August was a great month by all measures. Here’s a quick recap of what transpired:We concluded our first acquisition transaction and added CTMC Drone Solutions, LLC to Cyberlux Corporation as the foundation of our new Cyberlux drone business unit, FlightEye Drone Solutions. This new Cyberlux organization will focus on the unmanned aircraft systems (UAS) market including drone-related technology and intellectual property development, manufacturing, drone services, and government and commercial sales.We implemented our new 8.75 billion Authorized Share level with the Nevada Secretary of State, which is a 56% reduction from the prior 20 billion Authorized Share level. We now have enough strategic equity, approximately 3.4 billion shares of common stock, to achieve our Operation Alpha growth plans while protecting shareholders from any unnecessary dilution.We implemented our “No Reverse Split Policy” with the Nevada Secretary of State, which prevents CYBL from executing a reverse stock split for 5 years. One of our core principles is to create shareholder value and the No Reverse Split Policy eliminates this potential manipulation of share value while honoring the investment our shareholders have made in CYBL.We issued a number of shareholder Q & A posts in August including a more thorough explanation of the 700M phantom restricted shares that will never trade, and the Authorized Share reduction of 20 billion shares to 8.75 billion shares and the benefit to shareholders of reducing the dilution potential by 56%: https://twitter.com/CyberluxC/status/1431031855462105093https://twitter.com/CyberluxC/status/1430252649681760259https://twitter.com/CyberluxC/status/1428755617519443968We communicated the Company’s Operation Alpha growth plan, which has three top priorities: (1) drive growth through aggressive business development, acquisitions and joint ventures; (2) address co...