Well, let's look at what the PR actually said. The relevant part:
Quote:
Cyclone has also seen a major reduction of over 40% on the convertible debts that have been plaguing the company for many years.
So you're saying that the convertible debts were not listed on the balance sheet, or had changed significantly since the 3rd quarter?
Given the huge volume of new shares hitting the market lately, I can certainly see how Cyclone could have been selling new notes that converted quickly. (And really, who would want to hold Cyclone debt for any length of time?)
Granted, the PR did say
Quote:
Cyclone Power Technologies (CYPW) is pleased announce that we have entered into settlement agreements with all of the holders of judgments against the company, and have greatly reduced the amounts of outstanding debt on the books over the past 6 months.
but notice the weasel words "greatly reduced". Just like all those engines that have completed "beta testing", and all the predictions of engine production starting in six months.
You have to understand that the best way to tell when Frankie Fruge is lying to you is if her lips are moving, she's lying.
