Hey Arnold, maybe the LOI came from a Secret Valentine... ;)
As Tom said, most of Cyclone's big deals with these major backers turn out to be from one guy with no money working out of his home. Or in FSDS's case, a company just about to go into bankruptcy.
If Frankie really believed the BS she spouts, there wouldn't be that great big disclaimer on the PR.
Anybody real with $5 million to drop into Cyclone would be smart enough to read the balance sheet. $62 million spent resulting in net assets of a quarter million (at Cyclone's valuation). Then ask why?
It's also a year and a half since Cyclone has posted those really pathetic videos showing the Mark 1 and 3 engines spinning for a minute under no load.
It's been 3 years since the last update on the Mark 5 engine:
Heck, the market cap is only one million. 20% of the company is $200,000. Why would anyone spend $5 million to get the same amount of ownership?
Or maybe we could believe Frankie's latest fairy tale and trust her that Cyclone has found a really, really stupid millionaire.
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