Cyberlux Corp New (ID) (CYBL)

Legal Environment Updates & Shareholder PR
The company issued a detailed shareholder update highlighting what it calls a "materially improving" legal landscape, addressing several interconnected multi-jurisdiction lawsuits that have restricted its ability to secure certain government contracts:

Texas Turnover Receivership Terminated: Judge Gomez signed an order officially terminating the Atlantic Wave Holdings (AWH) turnover receivership. However, according to recent court updates and board sentiment, a critical new wrinkle has developed: a paragraph in the proposed order noted that the termination could animate a subsequent receivership regarding a separate $6 million negotiated judgment tied to Virginia. Cyberlux is fighting to stay enforcement of this action while it undergoes a direct appeal in the Virginia Court of Appeals.

HII Mission Technologies Interpleader: On May 11, 2026, the U.S. District Court for the Eastern District of Virginia terminated the Texas turnover receiver from the HII interpleader action. The pool of funds remains under active negotiation. Cyberlux recently filed a motion to explicitly exclude Atlantic Wave and Secure Community from the distribution of these disputed funds.

North Carolina Curtin Dismissal: On May 20, 2026, U.S. District Judge Thomas D. Schroeder dismissed all claims brought by James Curtin against Cyberlux, its special counsel, and HII Mission Technologies, ruling entirely in favor of the company and issuing warnings to the plaintiff regarding the fabrication of legal authority.

It worked when I sent it. You need to be logged into the Harris clerk's website to pull the case up. Maybe that is why. Sorry it didn't work.

I received this message when I tried opening your link:

Not authorized to view image

It wasn't nonsuited, the actual order is attached as an exhibit to the newest enforcement action that Atlantic Wave filed in Harris County and which has now been transferred into Judge Gomez's division. I am including a link that will take you to the exhibit and everyone can read it for themselves.

https://www.hcdistrictclerk.com/edocs/public/ViewFilePage.aspx?Get=rM796tnGYCMBUQ6bPgS0NdDhp9FzrQMlrF5XEprQ8s8/DGIFxChYlpauQiKbb/LAH05j7ZHRDb+Scqc5MjUJRpO2Bu9CXbhR0K08nck9/iKafTMgQdlu2EGrVHI3RfkHo3/B/45vY1I=

The case I am speaking of was not non suited.   It was negotiated by the receiver over Cyberlux’s objection and without their input.   I have read the trial judges order on that judgement.   Cyberlux is currently appealing that case in Virginia but Texas is one of the very few States that allow for foreign judgement enforcement while the case is still pending appeal.    The judgement is very real and could cause real issues for us.

I don’t think that there has been a final determination in the interpleader case.   That being said, there are claims for far more than the amount held by the court.    I don’t know anything about most of those claims but if they are legit, there may not be any money to go back to Cyberlux. 

ghost...thank you again! But what about the $20+ million of the proceeds from HII? There was a decision on that on same day about the receivership.

So, who gets the money? If Cyberlux is getting the money, then they can pay off these proceeds. Right?

CC, that do you mean by "nonsuited"?

Atlantic Wave has nonsuited.

Atlantic Wave has nonsuited. That 6 million is fantasy 

Cyberlux is awaiting settlement agreement by interpleader Magistrate Colembell in Virginia. Then a hearing will be held by Judge Gibney and hopefully a final order will come through soon after. Cyberlux should be awarded a substantial amount of money. Enough to fulfill backorders and start the wheels turning again

I guess it is fair to say : Kiss it good bye. 4 years in the waiting for nothing what a shame…

post# 46237
and when would the final decision be made?

The Texas Judge seems to be very kind to the receiver. He let this thing drag out for a year, after the money was tendered, so the receiver could do all kinds of thing to justify his large fee and then he finds everything the receiver did was on the up and up. Only the Federal Judge on the interpleader case seems to see through this receiver, but the other Judges just let him do whatever. The underlying 6 million judgement against Atlantic Wave out of Virginia was NEGOTIATED by the receiver against the wishes of Cyberlux and the Judge in the case wrote an opinion saying it was all fine. That case is now on appeal. Most States do not let foreign judgements be executed UNTIL the appellate process is over, but Texas does. Cyberlux can ask Judge Gomez to stay the newest enforcement action (and soon to be receivership) until the Virginia appellate case is over, but I am doubtful that he would do it. In my eyes, that really is the only hope we have right now. If the Judge stays the enforcement case pending the appeal, and if Cyberlux wins the appeal then there will be no receivership. However, if the Judge does not stay it, even if Cyberlux were to prevail in the appeal some 12-18 months down the line then the damage will be done. Cyberlux has been clear in court filings, they can't get government contract until they are out of receivership, if the Judge doesn't stay it and puts them back in receivership it will make for a dire situation.

BTW. Check out this lovely link i just found about the receiver. Laughable. https://robert-w-berleth.com/

I'm confused. So the receiver is terminated as an interpleader party in the major, big case, but is still going to be the receiver in a NEW case being filed? This doesn't make any sense. Unless there is something going on under the table

My big fear is that the receiver will now look to break Datron away from Cyberlux, since it is the only profitable part of the company, and sell it to pay for the judgement.

YOU SAY ::: the Judge is about to open another receivership on Cyberlux, this one for the 6 million (plus cost and fees) owed to Atlantic Wave. F ATLANTIC WAVE.KILL THE DAMN STOCK AND THEY GET NOTHING.I AM HOPING IT GOES TO ZERO AND THEY GET NOTHING. STUPID CEO FILE FOR BANKO.IMMEDIATELY.

YES.LET;S KILL IT FOR GOOD.THIS POS IS DONE.THERE IS NO WAY IT WILL EVER GO ANYWHERE AGAIN.I WILL BE SELLING THE PISS OUT OF IT.I DO NOT CARE HOW MUCH I WILL LOSE.BUT IT WILL NEVER BREATHE AGAIN.THAT IS IT.

Was out of town for a long weekend, and of course the order gets signed during that time. While it is good news that the initial receivership is terminated, there was very bad news as well. As I feared, and posted, the order contained a paragraph that lets all of us know the Judge is about to open another receivership on Cyberlux, this one for the 6 million (plus cost and fees) owed to Atlantic Wave. The Judge clearly does not see the receivers actions as excessive and above and beyond what he was allowed to do, instead the Judge seems to embrace it as a good job. I really do not know how Cyberlux survives this receivership. They have no money, and can't sign any contracts until out of receivership which looks damn near impossible at this point. It is clear to me that they didn't release any PR because despite having the receivership terminated, it can be said that we are in a far worse position now.

I've been watching this one for years, bought at 0001 hardest time selling at 0002. That was quite a while ago. Also got on board when it went up to almost. 07 I believe than took the nose dive I was very hopeful at that time.Hard to read this one and many other pinky's. GLTA don't know if I'll get back in

Example: Some elevator mechanics not being able to fix the elevator would move it from the fifth floor to the fourth floor and called it in fixed

YUP.IT IS PROBABLY OVER.HOPING TO PICK UP SOME .0001 AND FLIP HER AT .0002.THE CEO KILLED THIS POS.

I think you are right, ORCA. All have bailed. I might be next. I am dumbfounded why CYBL did not put out a news release on the receivership.

But it does not really matter. At this point, $CYBL has lost some much credibility and contracts that it will take years for them to claw back. I don't believe they will make it.

LOOKS LIKE THEY ALL BAILED.THE MARKET TODAY DID NOT TAKE THIS AS GOOD NEWS.I AM DEBATING IF WE SHOULD GO DOWN TO TRIPLE ZEROS AND SEE WHAT HAPPENS.WHAT YOU THINK??

UAS-Pro...are you still around? You were very bullish before. No longer so?

ghostandgurgi...where are you? If this is true, this should be awesome news. But don't know howe much receiver is getting paid. You would think the stock would be up significantly today. But maybe not,

WE WILL SEE WHAT HAPPENS.THIS WAS POSTED ON X TOO.LETS HOPE WE GET LUCKY AND THIS GOES NORTH FOR A CHANGE
$CYBL 6/3/2026
Order dissolving receivership signed.
Order signed granting disbursement of funds. pic.twitter.com/cr1IroqmYw— Mark B (@MaMbbub) June 4, 2026

Judge Gomez has signed the order terminating the AWH receivership. The receiver is officially released,

Judge Gomez has signed the order terminating the AWH receivership. The receiver is officially released,

Still no order signed on the receivership case. There was a proposed order that was filed that could be very problematic if the Judge were to sign it. As I mentioned the other day, Atlantic Wave filed a new enforcement action in Harris County. The proposed order contains the following paragraph that pertains to that new filing:

"8) The Court takes judicial notice that the termination of this receivership will
animate the next serial receivership. Cyberlux will remain under
receivership without interruption pending further orders in that case;"

If the Judge signs this, although the original receivership will be over a brand new one (this time for 6 million plus costs judgement) will be initiated on the heels of this last one. I would think that would sink the company as we would continue to not be able to get government contracts. If this happens, I would suspect a bankruptcy in which Datron would probably be sold off to pay all the debts. Lets all hope the Judge does not sign that order.

No order at this time on the receivership issue.

any update at this time? also, once the receivership is terminated, is it possible that he would be faced with legal action for causing damages? i'm assuming if this case got popular, his name would be quite rough in the courts

The final hearing on the receivership is set for 9:00 am (Texas) so hopefully this is all resolved today, although I would be shocked if this Judge signs any order within a few days of the hearing (he seems to take his time). Bit of a wrinkle in that Atlantic Wave has just filed a motion to enforce another foreign judgement against Cyberlux, this one for 6 million plus costs. This judgement was negotiated between Cyberlux and Atlantic Wave by the RECEIVER acting on behalf of Cyberlux, without their permission and above and beyond his authority because the underlying foreign judgement that this receivership is based on had already been tendered. My understanding was that Cyberlux was appealing that judgement, if it in fact is in appeal then the Judgement should be "stayed" and not fully enforceable at this time. Just another potential litigation nightmare scenario caused by this receiver. Stay tuned, we need the receivership to be terminated.

Just seems like a kernel clunker special

So who wants flying clunkers

BECAUSE THE CEO IS A MEGA POS.AND DESTROYED THE COMPANY WITH DILUTION.YES BIG LUCK WE NEED.
CHECK THE DILUTION BELOW.CRAZY.
https://www.otcmarkets.com/stock/CYBL/security
Share Structure History

Shares Outstanding
As of Date Shares Change % Change
05/13/2026 7,435,943,417 260,000,000 +3.62
04/14/2026 7,175,943,417 260,416,667 +3.77
01/02/2026 6,915,526,750 130,971,000 +1.93
12/01/2025 6,784,555,750 194,200,000 +2.95
10/27/2025 6,590,355,750 290,355,750 +4.61
10/03/2025 6,300,000,000 251,579,850 +4.16

So how do we go from being the Authority to hoping for luck

LET'S HOPE WE GET LUCKY FOR $CYBL.
The Trump Administration Is in Talks to Fund U.S. Drone Companies: WSJ
https://x.com/search?q=CYBL&src=typed_query&f=live

The Trump Administration Is in Talks to Fund U.S. Drone Companies: WSJ— zerohedge (@zerohedge) May 28, 2026

Can this CEO do anything but screw-up: since to date just check his records; he has screwed every players that come in contact with him. Lawsuit all over the place all his endeavors are in lockdown due to his full fulfillments

You seem to be mixing allegations, claims, and final adjudicated amounts together as if they are the same thing. They are not.

The Virginia interpleader exists specifically because multiple parties are asserting competing claims to a finite pool of funds, which is money stemming from a completed contract, proving order fulfillment and drone delivery on a massive scale. The court has not yet determined final entitlement or priority. Some claims may be reduced, some may survive, and some may ultimately receive nothing.

Also, “they owe more than what is available” is not the same thing as “bankruptcy is inevitable.” Courts deal with disputed creditor pools and insufficient funds all the time outside of bankruptcy.

As for payroll, the filing discussed liquidity constraints and operational disruption tied to the receivership/interpleader environment. That is materially different from a court finding of insolvency. They have real operations and large backlogs, the lawsuits are what lead to the disruption in cash flow, not the other way around.

Go read the virginia case. They owe way more than what is available. Like double. Some money is already there, but not enough. They haven't made payroll since march (according to a cyberlux filing).

Also, bankruptcy happens when you cannot pay the debts.

The money is already there...

Go watch the court hearings. They are online and open to the public. Read the court records and indictments. No AI needed.

is this just pure conjecture or you do you have some actual sources to back any of these assertions?

Today, May 27, 2026, Judge Gibney in the federal court clearly has familiarity with Cyberlux and how they do not pay their bills, likening them to Wimpy from Popeye cartoons. He again asked why this case was not in bankruptcy. Fairwinds counsel argued for a new Federal Receivership over Cyberlux, but they can't do that until the Texas receivership is ended.

An involuntary bankruptcy was discussed. A bankruptcy means none of the investors get anything, and Mark Schmidt has spent the last two years selling his personal stock and borrowing money "for the company" to line his own pockets.

Cyberlux wasn't invited to drone dominance because their drone was deemed unsafe by the army in 2023, and they don't have a new prototype to replace their now 5-year old (and unsafe) model.

So don’t it seem somebody not paying with all their marbles or paying with yours

Ghost, at least the company spoke to us. I think that's a definite positive. There's been way too little communication from the company during the past couple of years...or, whatever time length it's been.

Due to CYBL's extensive litigation process, it shouldn't be a surprise at all that we weren't invited to participate in the drone dominance project.

Anyway, I see more positive than negatives in the latest information we've received.

So we don't get invited by the government (our target client) to participate in the drone dominance but we do get a fluff piece of PR telling us that the litigation landscape is "materially improving". What a bunch of crap.

As expected, the company didn't qualify for the second phase of the "Drone Dominance" program either, and it won't until they get their legal issues sorted out — so everything is still on hold, and who knows how long that's gonna drag on.

https://dronedominance.mil/announcements.html