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Cyberlux Corporation (OTC: CYBL) Major Comeback Brewing as (DoD) Contractor Reports Strong Q2 Results & Upcoming Acquisitions

Cyberlux Corporation (OTC: CYBL) is making a powerful comeback after a brief dip to lows near $0.01 after a steady uptrend which looks as if it will…

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This article was originally published by Microcap Daily

Cyberlux Corporation (OTC: CYBL) is making a powerful comeback after a brief dip to lows near $0.01 after a steady uptrend which looks as if it will resume here as the Company announces important developments including Q2 financial results; Revenues for the three months ended June 30, 2021 were $367,231 as compared to $ -0- for the same period last year due to the impact of the COVID shutdown. The Company recorded an income from operations of $591,868 for the six months ended June 30, 2021. CYBL is now in the enviable position of gaining immediate business velocity by achieving OTC Pink Current status asap, continuing to build out its organization, focusing on its new business and new product pipeline, accelerating its South American projects and driving on its strategic IP development. The Company is focused on rapid growth through acquisition and stated several days ago they are ready to take advantage of the opportunities in front of them, including the upcoming 2-4 acquisitions in 2021, with the first one expected to conclude this month. A break over $0.019 and CYBL is back in a blue sky breakout. 

Microcapdaily first reported on CYBL on July 11 while the stock was still in the double zeroes stating at the time: It’s easy to get excited about CYBL; an active Department of Defense (DoD) contractor providing leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. Management is hard at work getting their filings in order and moving to “pink current” Management has been working with the share structure and enacting a no reverse split policy as they move the AS from 20 billion down to 8.75 billion. Management states: We are expanding through acquisitions, across government agencies, and in targeted commercial and international markets with our renewable energy products, technologies and services, and having a healthy equity structure is vitally important. We are also making significant progress with our OTC Pink Current status and will have more information coming forward very soon.”  

Cyberlux Corporation (OTC: CYBL) operating out of Research Triangle Park, North Carolina is a leader in solid-state lighting innovation tht has developed breakthrough LED lighting and energy efficiency technology, with solutions available today in U.S. government agencies, commercial markets and international opportunities. The Company provides unique solutions to the Department of Defense (DoD), Commercial channels and Design Services customers. Since 2006, Cyberlux has provided leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army.  As the Company’s primary channel, Cyberlux supplies the DoD with light-weight, portable battery-powered advanced LED lighting systems for special operators, forward-base operations, security and maintenance lighting. After early consumer product trials, the Company has focused on DoD lighting technology and serving the Military, First Responder and related Commercial markets, primarily with the BrightEye Tactical Lighting System products. The Company’s mission is to be the trusted provider of advanced lighting solutions to Commercial, Government and Military organizations worldwide. The Company had a governent contract in Durham, North Carolina that ended on March 31, 2021. CYBL owns a suite of patented products that can be seen here. 

The BrightEye and WhiteEye, patented products, are advanced light-weight, portable, battery powered LED lighting systems for special operation actions, tactical deployments, remote operations and maintenance, emergency and disaster recovery programs. BrightEye and WhiteEye solutions are powered with milspec rechargeable power systems, with AC and solar powered options. BrightEye solutions deliver both White and Night Vision (NVG) Security Lighting. The NightEye Shelter Lighting System (NSLS) delivers energy efficient lighting available for semi-permanent shelters. The NSLS is designed to provide ideal light dispersion and illumination for shelter structures with White lighting and ‘Black-Out’ red lighting. In addition, the Laboratory Lighting System provides industry-leading lighting capability for laboratory and office environments. 

CYBL has been busy in July alone the Company accomplished a lot according to CEO Mark Schmidt who stated:  

– We reduce our Authorized Share level from the current 20 billion share level to 8.75 billion, a 56% reduction. This provides enough strategic equity to achieve our growth plans while protecting shareholders from any unnecessary dilution.  

– We instituted a “No Reverse Split Policy”, preventing CYBL from a reverse stock split for up to 5 years, and we confirmed our support of shareholders with measures like this No Reverse Split Policy whenever possible.  

– We reported that the Outstanding Share balance of 5.1B included 700M phantom restricted shares that were confirmed lost in 2018 and will never be tradeable, so the Effective Outstanding Share level improves the equity valuation for shareholders by 16%.  

– We set out our growth plans including expanding across government agencies, targeting specific commercial markets, driving growth in South America and expanding our technology IP, with the following priorities:  

  1. OTC Pink Current ASAP
  2. Build the Org-Key Hires 3Q
  3. Contracts-Pipeline 3Q/4Q
  4. Acquisition-Priorities 3Q
  5. Products 3Q/4Q
  6. S. America-Pipeline 3Q/4Q
    Strategic IP 4Q

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CYBL

– We confirmed that we have full OTCIQ access for the filings and the OTC approval process. We began uploading filings as committed and as they are approved. Per the OTCM requirements, the 2020 annual & the Q1 2021 reports are uploading next. We will be in good standing then and expect OTCM Pink Current soon after.  

– We provided a business update that the first acquisition transaction was moving forward as expected and we expect an August close and announcement.  

– We are also bullish on the next acquisition discussions we are having, and we will be updating the shareholders about this in a few weeks as we expect to move forward with this second acquisition.  

On July 18 CYBL released its second quarter of 2021 results which showed a significant increase in revenue year-to-year and demonstrated that the Company is accomplishing its growth milestones as it continues to recover from the impact of the COVID shutdown during 2020. The Company is now accelerating its growth through existing business channels, access to new markets, and through a Company-wide focus on acquisitions and joint ventures. CYBL has now posted all amended filings to OTC Markets and sees OTC Current status as imminent. 

Revenues for the three months ended June 30, 2021 were $367,231 as compared to $ -0- for the same period last year due to the impact of the COVID shutdown. The Company recorded an income from operations of $591,868 for the six months ended June 30, 2021. Operating expenses for the three months ended June 30, 2021 were ($153,681) as compared to $17,887 for the same period ended June 30, 2020. Included in the three months ended June 30, 2021 were the write-off of old liabilities in the amount of $231,625. 

Cyberlux Corporation CEO Mark Schmidt commented: During 2020, we took full advantage of the adversity presented by the unprecedented global shutdown and focused on the future of Cyberlux, where we were now and how we would grow. We re-envisioned what Cyberlux Corporation could be, what our company DNA could grow into, what competitive advantages we had inherent in our company after over a decade of Department of Defense (DoD) technology development and partnerships with the largest organizations in the world, including the U.S. Military, Boeing, and Cree. We also had significant sales and distribution experience with Walmart, Home Depot, Lowes and many, many others. Further, we now had a foundation in renewable energy and infrastructure projects, from the design and engineering required to build a solar power generation farm or a solar LED street light project, to the solar and lighting products required to execute. 

Going forward, we envision Cyberlux as a company that is “Harnessing the Future” and not just “Harnessing the Future of Light”, as we previously described the business. Now we will drive operational growth with current and future technologies, through fundamental organic growth and through an accelerated acquisitions and joint ventures strategy to align with companies pursuing technology and product extensions to ours, all with significant future growth. In the course of developing advanced technology products, we have come to identify core technology and product companies, and now these companies can become Cyberlux growth catalysts. Now we are harnessing the future, building Cyberlux into a leading technology company. 

The overall business environment so far in 2021 clearly shows we are in recovery from 2020, with Q2 revenues of $367,231 and income from operations of $591,868. We are also forecasting 2021 full year revenue as $5.1M across all business areas, with some upside opportunities in sight as well. As we push forward with our Operation Alpha growth plan, we have three priorities: (1) drive growth through aggressive business development, acquisitions and joint ventures; (2) address our core target markets with our DoD products, new specialty technology capabilities, solar and renewables, and with emerging infrastructure projects; and (3) gain immediate business velocity by achieving OTC Pink Current status asap, continuing to build out our organization, focusing on our new business and new product pipeline, accelerating our South American projects and driving on our strategic IP development. With the amended filings submitted today to the OTC Markets, we believe our Pink Current status will be granted next, which will serve as a catalyst for our next growth phase. We see a very exciting next six months for CYBL as we take advantage of the opportunities in front of us, including the upcoming 2-4 acquisitions in 2021, with the first one expected to conclude this month. 

For More on CYBL Subscribe Right Now!

CYBL is making a powerful comeback after a brief dip to lows near $0.01 after a steady uptrend which looks as if it will resume here as the Company announces important developments including Q2 financial results; Revenues for the three months ended June 30, 2021 were $367,231 as compared to $ -0- for the same period last year due to the impact of the COVID shutdown. The Company recorded an income from operations of $591,868 for the six months ended June 30, 2021. CYBL is now in the enviable position of gaining immediate business velocity by achieving OTC Pink Current status asap, continuing to build out its organization, focusing on its new business and new product pipeline, accelerating its South American projects and driving on its strategic IP development. The Company is focused on rapid growth through acquisition and stated several days ago they are ready to take advantage of the opportunities in front of them, including the upcoming 2-4 acquisitions in 2021, with the first one expected to conclude this month. A break over $0.019 and CYBL is back in a blue sky breakout. Microcapdaily first reported on CYBL on July 11 while the stock was still in the double zeroes stating at the time: It’s easy to get excited about CYBL; an active Department of Defense (DoD) contractor providing leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. Management is hard at work getting their filings in order and moving to “pink current” Management has been working with the share structure and enacting a no reverse split policy as they move the AS from 20 billion down to 8.75 billion. Management states: We are expanding through acquisitions, across government agencies, and in targeted commercial and international markets with our renewable energy products, technologies and services, and having a healthy equity structure is vitally important. We are also making significant progress with our OTC Pink Current status and will have more information coming forward very soon.” We will be updating on CYBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CYBL.

Disclosure: we hold no position in CYBL either long or short and we have not been compensated for this article.

 

The post Cyberlux Corporation (OTC: CYBL) Major Comeback Brewing as (DoD) Contractor Reports Strong Q2 Results & Upcoming Acquisitions first appeared on Micro Cap Daily.

Energy & Critical Metals

SSE Renewables and Microsoft launch puffin monitoring pilot

UK energy company, SSE Renewables has launched the Flying Squad initiative to monitor and protect puffins around the Scottish coastline.
The post SSE…

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UK energy company SSE Renewables has launched the Flying Squad initiative to monitor and protect puffins around the Scottish coastline.

The initiative will see the energy company team up with Microsoft, tech firm Avanade and NatureScot to monitor puffin numbers.

The technology used for the initiative has recently been tested during the seabird’s breeding season on the Isle of May in the Firth of Forth.

Four cameras in position on the island gathered footage and automatically detected and counted the birds until they recently left the island.

Simon Turner, CTO, Data & AI, at Avanade: “As the investment in renewable energy continues, it’s even more important to ensure that developments, like wind farms, are not having any detrimental environmental effects.

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“With SSE Renewables, we saw an opportunity to use camera and AI technology to more accurately and efficiently, and less invasively monitor the wellbeing and breeding habits of the puffins that are attracted to this particular area on the Isle of May.”

If successful it is expected the technology will be used for a number of species recognition projects around SSE sites including hydropower stations and wind farms.

Rachel McEwen, SSE’s Chief Sustainability Officer, said: “…Our assets can have far-reaching consequences across a wide range of issues, from reducing the effects of global climate change to supporting local habitats.

“The impacts of our hydro and wind farm operations and our transmission and distribution networks need to be actively managed and what initiatives like the Flying Squad show is that there are also incredible opportunities to be had in protecting and enhancing existing and new habitats as we harness natural resources such as water and wind for renewable energy generation.”

James Scobie from SSE’s Flying Squad. Credit: SSE

James Scobie from the Flying Squad said: “The implications for the Microsoft/Avanade technology are huge. It’s our ultimate aspiration that this incredible cutting-edge technology could be deployed in a variety of different settings to monitor species of interest in the future.”

Erica Knott, NatureScot Marine Sustainability Manager said: “There are exciting possibilities for further development, for example, to track activity at individual breeding burrows or overcome some of the trickier aspects of seabird monitoring, such as remoteness and weather, at other sites.

“This would enhance our understanding of seabird populations and their interactions with human activities, helping us to advise on the future management and monitoring of marine developments, in particular, to secure renewable energy to address climate change while also safeguarding biodiversity.”

Recently, SSE and Microsoft signed a memorandum of understanding (MOU), establishing a Sustainability Partnership between the companies, to develop and deploy innovation projects aligned to the zero carbon emissions ambition of both companies.

The MOU represents SSE and Microsoft’s commitment to working together on several future initiatives, to promote the awareness of business challenges and opportunities around sustainability, technology, and digital innovation.

The post SSE Renewables and Microsoft launch puffin monitoring pilot appeared first on Power Engineering International.

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Evergrande Auto Hasn’t Sold A Single Car, But Has Enriched Its Founder And His Friends Plenty

Evergrande Auto Hasn’t Sold A Single Car, But Has Enriched Its Founder And His Friends Plenty

While everyone has been focusing on Evergrande…

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Evergrande Auto Hasn't Sold A Single Car, But Has Enriched Its Founder And His Friends Plenty

While everyone has been focusing on Evergrande as a property developer, few know the story about how Evergrande Auto became worth $86.6 billion at one point without selling a single car. The company now trades at a fraction, about 4%, of its all time high. While shareholders were wiped out for the most part, insiders made out well. 

On Tuesday of this week, the company did what it does best. No, not make vehicles: pay insiders. Evergrande Auto "granted 323.72 million share options worth HK$1.26 billion to three directors and around 3,180 employees of the company," a new report from Caixin notes.

Founder Hui Ka Yan and "friends" in his circle have made out the best from the fallen company. How well have they done? One "friend" of the founder bought 80 million shares in the company before it was renamed as Evergrande Auto for HK$0.30 each. They then sold them all for HK$50 per share, netting the friend more than HK$4 billion.

Hey, it's great work if you can get it. 

Caixin reports that the primary purpose of Evergrande Auto was to raise capital for the group company Evergrande. While the parent company claimed it was investing some 47 billion yuan into the auto company, analysts are starting to wonder if the market funded these investments instead. 

One analyst told Caixin: “Evergrande Auto had raised 30 billion yuan in two rounds, which means that the company mostly used investors’ money — instead of its own capital — to invest, and it managed to gain a high market value (for the auto company). Consequently, with its shares (in the auto company) at high price, it could use them as collateral to raise even more money.”

The company focused more on M&A than it did on making cars, the report says. For example, it bought a major stake in Xinjiang Guanghui Industry Investment Group Co. Ltd. for 14.5 billion yuan in 2018. As Caixin notes, that company is a stakeholder in China Grand Automotive Services Group Co. Ltd., which is one of the largest auto dealers in the country.

The stake was later sold off in 2019 when Evergrande needed cash. 

In 2019, Evergrande Auto's predecessor bought a 51% stake in National Electric Vehicle Sweden AB (NEVS) for $930 million, the report notes. Evergrande's stock price rose as a result. 

Part of the mechanics that helped Evergrande Auto's predecessor rocket higher included the fact that 18 shareholders owned 19.83% of the company's shares. When combined with the 74.99% of the issued shares held by the company, that only left 5.18% of Evergrande shares to be traded freely. 

Evergrande also acquired a 51% equity stake in Fangchebao Group Co. Ltd. using its shares. Fangchebao then brought in 17 investors in March 2021 that helped it raise capital at a valuation of HK$163.5 billion. Evergrande made HK$8.175 billion upon selling its shares.

Analysts, however, were baffled as to how Evergrande was able to bring in investors at the elevated valuation. The secret lied in a promise of a buyback from Evergrande.

One investor told Caixin: “What we valued was its valuation adjustment mechanism (对赌协议). If Fangchebao failed to go public within a year, Evergrande would buy back our shares at a 15% premium to the prevailing market price. At least, through this mechanism, we could get out money back.”

Those investors thought Evergrande could continue to push up Fangchebao's valuation and that Evergrande wouldn't fail within a year.

Another investor said: "However, Fangchebao was a relatively poor quality company, much worse than Evergrande Property Services. In Fangchebao’s case, it was better not to go public. It would be more troublesome after the listing because its poor performance would become public knowledge.”

Then there's the question of who truly benefitted from Evergrande's financial wheeling and dealing over the years. While investors and shareholders now suffer the consequences of the company's poor decision making, Hui Ka Yan's personal assets are now mysteriously being "transferred to new ownership", the report says. In fact, Hui was easily the single biggest beneficiary of the dividends paid by Evergrande from 2011 to 2020. 53 billion yuan of the 69 billion yuan that Evergrande has paid in dividends since it listed have gone to Hui.

You can read Caixin's detailed report here

Tyler Durden Thu, 09/23/2021 - 19:20
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Energy & Critical Metals

Why Nio Stock Needs Some Help When It Comes to the Charts

The electric vehicle (EV) trade has finally cooled off, which is a good thing given how far it had run. It would be hard for Tesla (NASDAQ:TSLA) to justify…

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The electric vehicle (EV) trade has finally cooled off, which is a good thing given how far it had run. It would be hard for Tesla (NASDAQ:TSLA) to justify a trillion dollar market capitalization or for these revenue-less SPAC stocks to keep soaring higher. Meanwhile, Nio (NYSE:NIO) is somewhere in between, with NIO stock performing quite well but not exactly on Tesla’s level.

Source: Robert Way / Shutterstock.com

At least, not yet.

In order to get there, the company will need to continue its domestic expansion in China and work on expanding globally. Tesla has been trading pretty well lately as it works on consolidating its massive gains over the last 18 months.

For Nio, though, the charts aren’t all that great right now. Combined with a high valuation, that has me on guard with the stock. For Nio, it needs the technicals to work in its favor in order for the stock to be attractive.

Trading Nio Stock

Daily chart of Nio stock
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Source: Chart courtesy of TrendSpider

A look at the chart highlights the recent struggles for Nio stock. Shares bottomed in early May along with most other growth stocks, as the bear market in this group came to end.

Nio ripped back toward $55 and the 61.8% retracement, but ultimately failed to hold those gains. It later failed to hold its major moving averages, while giving us an “ABC” correction down to the weekly VWAP measure.

This measure had been decent support throughout 2021.

However, after its rally back to the 21-day and 21-week moving averages, NIO stock gave us the “D” leg of that correction, resulting in the recent flush lower. We now see the stock below the weekly VWAP reading, as bulls scramble to see whether Nio can find its footing

If it can, we need to see Nio stock reclaim the August low at $36.24, as well as the weekly VWAP level. As of now, it’s currently undergoing a “monthly-down rotation” so long as it’s below $36.24. Back above those measures, and the high $30s could be in play.

On the downside, though, it’s possible we see the $31 to $32 area again. This area has been support twice amid two nasty corrections in Nio stock this year.

As a whole, Nio stock has been a leader amid growth stocks when the group is hot. But it has not done too well lately and it shows on the charts. So if the overall market struggles, this stock may too.

Breaking Down Nio

So many people will point to the fundamentals of a company like Nio without taking into consideration the valuation. Granted, I don’t put a lot of weight in the valuation either. At one point, valuations played a much larger role in the way that stocks behaved.

However, I think a few things have altered some of that Benjamin Graham thinking.

First, tech stocks blew the market wide open. No longer were companies having to follow traditional paths with only decent margins. Now software companies can routinely generate massive profit margins, while the tangible addressable markets (TAM) are significantly larger.

That’s allowed valuations to expand as well.

Second, the Fed’s low-rate and easy-money policies have forced investors to plow funds into equities. The returns in bonds (particularly internationally) and fixed income have dried up, forcing investors to chase returns in growth stocks — like Nio.

Is it healthy? Not necessarily, but this has been our reality for quite some time and it will likely remain that way for the foreseeable future.

I’m not calling for some great reckoning. A stock like Nio can continue to go up as long as it continues to deliver. But that remains a question mark.

While the company reported solid quarterly results last month, Nio’s July and August monthly auto deliveries disappointed investors. Furthermore, Nio was forced to trim its third-quarter delivery expectations.

Throw in Nio’s plan to raise $2 billion in stock, and it creates even more pressure on the stock price.

The Bottom Line on NIO Stock

It’s not that I have any specific gripe against Nio, but the facts are simple. For an automaker, the stock commands a high valuation and the company doesn’t have enough momentum in its underlying business right now. Thus, we need to see beat-and-raise quarters and delivery results in order to spur the stock higher. In line and disappointing results aren’t going to cut it.

Second, the charts don’t look very good. Back above $36.25 and my tone will change a bit. Otherwise, I remain defensive on Nio stock for the time being.

On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

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