Hmmm... Seems like just a month ago Frankie was telling shareholders not to worry about A/S increasing. Where does the time go?
The last filings showed Cyclone has hired two business consultants at $10K per month each, and their only duty is to be the liason with the auditors. After all, Cyclone's financials are just soooooo complicated, what with the zero revenue and no products.
Those consultants are getting paid in stock, at a steep discount to market. Obviously they are dumping it as soon as they get it and that's been causing the recent dilution.
Remember Frankie's excuse for having to correct the financials? They put out 300 pages of filings, and it's just too difficult to keep track of it all.
The trouble with that excuse is that if you read Cyclone filings you see that they are 98% cut and paste from previous filings. All they do is change the total sum of investors' money they've squandered, and push up their estimates of production starting to be six months from whatever the filing date is.
Why you need a "Management Team" including a president claiming to be a former Ernst & Ernst auditor plus a CFO, plus two $10K/month business consultants will always be another Cyclone mystery. Heck, one of the consultants was given a one year contract to deal with the California auditors that Cyclone had already ended dealings with.
$120K contract to deal with an auditor Cyclone doesn't use anymore? Nice work if you can get it.
Of course, Frankie works just so darned hard "for the shareholders" that she deserves all this help. Remember that recent boat magazine article about what an in-genius Harry is? Notice how it said Frankie and the CFO finally rolled in at the end of the business day? Maybe they were attending a Management Team Strategic Retreat all day. You know, planning how engine production is going to start in six months.....
I can't wait for the next PR from Cyclone. I'll bet it mentions some new "partnering" agreement, signing up more worldwide distributors, and Frankie claiming that her business model is coming to fruition. In short, different day, same old BS.
