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BuddyWhazhizname

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BuddyWhazhizname

Re: MTM post# 23553

Monday, 07/07/2014 11:23:59 AM

Monday, July 07, 2014 11:23:59 AM

Post# of 28181
Interest in Q1 was $500K, or $167K/month. The Army payment wouldn't have covered CYPW's interest between the invoice date and payment date.

Oh, let's not forget that completion of the Army contract reduced Cyclone's customer base by 33%. Their last new customer was Combilift in 2011, and they still have no delivery date for the engines that were supposed to be delivered in Q2 2012.
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