Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Very Smart People, 11 years, 4000 bagholders, no working product.

Look at 2013 spending:
Advertising and promotion $11,401
General and administrative $2,100,104
Research and development $772,795
Total other (expense) $1,057,739 (mostly interest and derivative expenses)

This R&D company only spends 19.6% on R&D.

But 53.3% goes to "General and administrative". That's actually down due to so much interest. Before the toxic financing set in they spent about 80% on "General and administrative".

Funny thing is, even though the vast majority of spending ("The cumulative deficit since inception is approximately $54.7 million, which is comprised of $22.9 million attributable to actual operating losses") went for "General and administrative", they've never actually explained where all that money went.

Lots of paperclips?

Keep in mind that CYPW rents the Schoell Marine building, and has an Operating Agreement with Schoell Marine to provide employees and services.

Schoell Marine is wholely owned by Harry Schoell, controlling shareholder of CYPW.

Yep, 11 years now of redistributing wealth from shareholders. Very, Very Smart people.