Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

What MTM is referring as the shell is the legal corporate entity that is registered to issue stock, etc. Once Cyclone Power Technologies gives up the ghost, the CYPW shell can be sold to another company who will change its name and carry on.

The shell isn't listed on the balance sheet, but in reality it's worth more than everything else combined.

The inventory is engine parts, custom made at high cost. Since they've never been able to get the engines to work, the parts only have a market as scrap metal, for maybe as high as a penny on the dollar.

The patents only have value based on the revenue they generate, which is zero. (Harry has taken most of the patented features off the Mark 5, for instance.) WHE Generation is the only licensee, and they have a permanent license that's continues after Cyclone's bankruptcy.

The equipment is mostly the GG Mom speed record boat and the land speed record car. Both were designed around the Cyclone Mark 5 engine, so would have to be heavily modified to use any other engine. The boat might bring some money as a two-seater powerboat without an engine on a trailer. The land speed record car can only be run at the Bonneville Salt Flats and without extensive modifications won't hold an internal combustion engine that will make it competitive. The Cyclone car was designed for a target of 200 mph, the current record for gas engine cars is over 400 mph, diesel is over 350 and electric is over 300 mph. How big is the market for a land speed record car that can't set a record unless the customer invents a steam engine?

The leasehold improvements on Harry's building can't be monetized. The non-functional display engines aren't worth anything, except as souvenirs.

Speaking of non-functional, Harry did invest a lot of money making production molds for the body of the lsr car. His plan was to give car bodies to his engine dealers as promotional displays.

The last update in February mentioned negotiating with management consultants. Given that they already have (or had?) Lewis Jaffe the turnaround expert as a director, why bother with extra management consultants? I think MTM called it: to organize the sale of the shell, and in particular, to send the proceeds to Harry rather than creditors or shareholders.