Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

If Cyclone gets another $5mil they will do what they've always done: squander it.

I would like to wait and see what the company can do now that they actually have money to bring products to market.....

Check the Intro under the heading Use of Funds. Notice that they've spent $8.5 million on R&D and have gotten nowhere near a working product out of that.

Then notice that they've also spent $15.7 million on General and Administrative. In fact, their ratio is now $5 on G&A for every $1 on R&D.

Then look at the last filing, the Q3 2017 10Q: Accumulated deficit $62,339,400

If they haven't had "money to bring products to market" after making investors $62 million poorer, what difference will another $5 million make, exactly?

So where has Cyclone ended up after all that spending? Here's the assets:

Inventory, net.........................27,498
Net property and equipment.............72,517
Net patents, trademarks and copyrights...159,392
Other assets...........................7,862

The patents are on things Cyclone has never been able to make work, so they're worthless. Most of the property and equipment is leasehold improvements to Harry Schoell's building, plus that custom boat made for Frankie. What's left isn't a whole lot when you consider Cyclone management spent $62 million to get it.

That's why all Cyclone has in the way of R&D equipment looks like junk pulled from a dumpster: