Reconstructed Timeline from Court and OTC Records
1. January 2023 – Montague purchases 30 million Series B shares for $30,000.
2. 15 March 2023 – Schmidt interviewed by Wall Street Journal.
3. 15 June 2023 – Cyberlux and AWH sign a settlement agreement.
4. 29 August 2023 – $78.8 million award for FMF case (2000 drones). Triggers 21-day acceleration clause for full payment of the settlement with AWH.
5. 1 September 2023 – Cash on hand reported as less than $20,000.
6. 8 September 2023 – $38 million deposit received to build 2000 drones. 21-day acceleration clause triggered again.
7. 8 September 2023 – Customer deposit liability increases to $38 million.
8. 8 September 2023 – $3 million wired for the purchase of Datron.
9. 8 September 2023 – $250,000 transferred by Schmidt from the company account.
10. 11 September 2023 – $213,000 wired to Fletcher Jones Mercedes from the company account.
11. 14 September 2023 – $187,500 transferred by Schmidt from the company account.
12. 19 September 2023 – $55,000 transferred to a Charles Schwab account.
13. 20 September 2023 – $600,000 transferred by Schmidt from the company account.
14. 26 September 2023 – $692,689.64 debited from the company account.
15. 29 September 2023 – Acceleration clause payment due per settlement with AWH: “Defendants agree to accelerate and pay the full outstanding balance of all sums owed under the Consent Judgement up to $5,000 per drone sold within 21 days of Defendants’ receipt of payment for any contract to purchase drone aircraft.”
16. 30 September 2023 – Cash in bank: $15,481,772.
17. 10 October 2023 – Doug Grimes (Cyberlux lawyer) writes in an email, “it is my understanding that there have been no actual drone sales yet” to AWH.
18. 16 October 2023 – $850,000 transferred to Schmidt’s Edward Jones investment account.
19. 16 October 2023 – $994,460 transferred to G2G Global LTD (a UK company formed 25 September 2023 by Carson John Tucker, a U.S. lawyer and director of Lex Fori and Lex Riscorum).
20. 23 October 2023 – $6,000 transferred to a Schwab account from the company account.
21. 7 November 2023 – $25,000 transferred to Schmidt.
22. 18 December 2023 – Suit filed for breach of contract.
23. 4 January 2024 – $108,555.42 transferred to Schmidt.
24. 29 January 2024 – $25,000 transferred to Schmidt.
25. 30 January 2024 – Cyberlux moves the California case to Federal Court.
26. 7 February 2024 – $20,000 transferred to Schmidt.
27. Annual Report 2023 – Claims approximately $15 million worth of drones shipped.
28. 6 March 2024 – $290,000 transferred to Schmidt.
29. 12 March 2024 – New case filed in Federal Court.
30. 29 March 2024 – Five months late Q3 2023 filing includes an $11 million “loss on divestment of subsidiaries” expense. Cash on hand: $16,893,524.
31. 1 April 2024 – Legalist Inc files a UCC against all receivables for Cyberlux and its subsidiaries via a subsidiary limited partnership.
32. 11 April 2024 – $50,000 transferred to Schmidt.
33. 11 April 2024 – $25,000 transferred to Holly Schmidt.
34. 11 April 2024 – $25,000 transferred to Schmidt.
35. 17 May 2024 – Drone contract cancelled.
Between 8 September 2023 and 11 April 2024, $3,422,745.06 was transferred from the company to Mark Schmidt.
