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Monday, 06/22/2015 12:42:48 PM

Monday, June 22, 2015 12:42:48 PM

Post# of 28181
Cyclone knows their forward-looking "Safe Harbor" disclaimers are bogus.

When they filed for registration with the SEC in 2011, they admitted (page 15):

As an issuer of “penny stock,” the protection provided by the federal securities laws relating to forward looking statements does not apply to us.
Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks. As a result, we do not have the benefit of this safe harbor protection in the event of any legal action based upon a claim that the material provided by us contained a material misstatement of fact or was misleading in any material respect because of our failure to include any statements necessary to make the statements not misleading. Such an action could hurt our financial condition.


Even so, page 1 of this document started with a forward looking statement disclaimer.

Every one of their press releases includes the disclaimer.

Every one of their SEC filings includes the disclaimer.

So what do you call someone who pretends they are protected by the Safe Harbor provision in every document they put out, all the while knowing it doesn't apply to them?

Then what do you call them when they repeatedly predict production of engines will soon begin when they know they don't have an engine design that will work 50 hours without breaking down? And then hide behind the Safe Harbor provision while they make new predictions that they also know will never come true.

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