Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

A Cyclone "binding" LOI means nothing. Cyclone has still not submitted the LOI to the SEC as material information about the company, which means they don't want people to know what was in it.

What is "binding" could be as little as the secret investor will be allowed to do DD for six months. Or that the parties will continue discussions.

Remember the million dollar purchase order Cyclone announced in a PR. They never saw a penny since the details of the PO said Cyclone engines had to meet a minimum performance level.

This LOI could easily have a similar provision (and if the secret investor isn't a total idiot, certainly will).