Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Remember when people used to say Cyclone was a solid investment, because, just look at all those assets?

Now?

Cash: zero
Inventory: zero
Net property and equipment: $65,832, which will be almost all leasehold improvements on the former Schoell Marine building
Net patents, trademarks and copyrights: $90,173, which is based on the cost of obtaining them and ignores the fact they've never demonstrated any of the patented technology actually works.
Other assets: $7,660, who knows what this is?

There's not enough left to pay a lawyer to write a letter, and that's not counting the 10 existing defaults or any of the other creditors.

But a million a year is still going into "Other general and administrative" with not a word of explanation. Other than Schoell Marine, and therefore into Harry and Frankie's pockets, where could all this money be going?