Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Well, that answers the mystery of who Honkel/Henkel is - another Cyclone creditor.

Makes you wonder, though, why anyone would loan them any more money. All the assets are attached, plus there is already an unpaid lien judgement on Cyclone.

The only thing I can think of is that Cyclone pledged future receivables as security. That's seriously risky because a receivable only comes due if Cyclone fills the contract. The two engines for Combilift are now more than four years behind schedule with zero progress in the last year on making them work.

Q2Power did something like this. They sold a system in January for May delivery. They got a term loan until July based on pledging the receivable. The last they reported the system hadn't been delivered or paid for and they were in default on the loan.

Good to know Frankie reads this forum. Maybe she will be overcome by a wave of honesty and release the material information of what is the longest a Cyclone engine has continuously run while producing its full rated output. My guess is one hour.

Prove me wrong Frankie!