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.
Certainly! Here’s the revised disclaimer with the additional statement:
All posts, articles, and op-eds about Cyberlux Corporation are grounded entirely in information sourced from publicly available court records, government documents, and financial disclosures filed with OTC Markets. This content is intended for informational purposes only—it’s not legal advice, it’s not financial guidance, and it’s definitely not an invitation to dive headfirst into investment decisions. Our interpretations, opinions, and conclusions stem exclusively from these accessible resources. Ultimate adjudication of legal matters rests with the courts and qualified legal professionals. As always, you’re encouraged to verify independently because, let’s face it, trust but verify is a motto that never goes out of style.
