Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Oh, the auditors aren't the holdup.

In fact, I'm sure they would be happier than anyone to be done with Cyclone.

The problem is Harry and Frankie's lack of transparency. From the September update: http://www.marketwired.com/press-release/cyclone-power-technologies-receives-purchase-order-from-ibes-uae-corporation-update-otc-pink-cypw-2162700.htm

Cyclone is still working diligently on getting the financials brought up to date, audited and filed; there have been some unforeseen delays due to reporting requirements associated with derivatives accounting and inventory aging.

The derivatives accounting has to do with stock options, warrants and convertible notes with who-knows-what being pledged to the various creditors.

Inventory aging is about putting a realistic value on what they've been calling their biggest assets. What has been reported before is the full cost of manufacturing custom prototype parts that have been found to not work. The realistic value of the inventory is what it would bring as scrap metal, not the hundreds of thousands it originally cost.

Harry and Frankie are intent on continuing to hide the true situation from shareholders, just like they have not updated their website to show how many shares are outstanding or that all of their leadership "team" except them is long gone. The auditors, to their credit, aren't having any of this and aren't signing off.

Meanwhile Harry is determined to keep his spider bearing and water lubrication in the Cyclone engines even after a decade of personal failure and Ohio State University engineers proving those can't be made to work. Even if Cyclone were to raise another $25 million in cash it would all be squandered like the first $25 million and end with still nothing to show for it.

Frankie, rather than telling Harry to stop wasting time and money on his inventions that will never work, moans and whines about how hard she is working for shareholders and how she deserves $2 million from them for all the value she has provided.

The only positive thing here is that investors are no longer being swindled by promises of families of "market ready products" or that mass production will be starting in the next six months.