Cyclone Power Technologies, Inc. (fka CYPW)

[rsum63]

From the latest SEC filing. I guess should not come as any big surprise by now.

INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO MATTER TO BE ACTED UPON



Certain directors and executive officers of the Company may be issued shares provided in the Share Increase Amendment in return for the elimination of their debt to the Company and deferred salary. This conversion is anticipated to be effected at prices above the market price for the Company’s common stock at the time of conversion.



The stockholdings of our directors and officers are listed below in the section entitled “Security Ownership of Certain Beneficial Owners and Management.” No director has advised us that he intends to oppose the Share Increase Amendment.