Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

I just have trouble reading "big news coming soon" and not hearing Little John saying it.

I'm amazed the stock is still trading, too. They haven't had any money come in since skimming off some of the WHE Gen financing in Q3 of last year. Their convertible notes require them to hold a 300% reserve in stock, which is greater than the number of authorized shares. That means they can't issue new stock directly to raise cash, or to sell new convertible notes.

They must be making the monthly interest payments on the existing notes, or the note holders would convert them and flood the market with stock.

My best guess is Harry is so emotionally invested in the Cyclone engine that he's actually using his own money to keep it going. Well, OK, money that came from the 3/4ths of investor's money that got diverted into "General and Administrative expenses" over the years.

Wouldn't selling a bankrupt shell after a big reverse split be easier than selling one with ongoing liabilities?

Myself, I'm waiting to hear Harry's swan song. I want to see who he blames for his 11 year failure to make his engine run.

Then we'll see how Chris Nelson spins the fact the award winning patented technology he's been peddling to his investors as his only asset is proven to be a complete failure. Good thing for him he hasn't moved to Ohio to be near his empire.

PS: the full Rabbit Hood episode is at