Cyclone (CYPW) did not go public because they wanted to spread the wealth around, they went public so that they could sell Private Placement shares (PPO's). IMHO
I think the best play for this stock is to buy a PPO for half price and if the stock goes nowhere (stays at todays price) you will double your money in one year. If it goes up you are way ahead. The thing not to do is buy it on the open market.IMHO
Fact:
1. The company has sold PPO's to non-accredited investors. Quarterly Report June 30, 2008
Regulation D offering commenced on 5/14/08 with the latest shares sold on 6/23/08 at an average price per share of $.07. A total of nine shareholders purchased in this offering – seven accredited and two non-accredited in the states of Florida, Illinois, California and New Jersey. All certificates contain a legend stating that the shares have not been registered under the Securities Act and that such shares cannot be sold or transferred for a period of 12 months under Rule 144 of the Securities Act.
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