Cyclone Power Technologies, Inc. (fka CYPW)

[arnold]

dotell..I welcome your discussion about the 46 million shares:

The effect of the pending conversion will put pressure on the share price regardless of when the conversion actually takes place. IMHO

The statement from the Cyclone filing:

*NOTE 9 – PREFERRED STOCK
Preferred stock consists of 500,000 Series A Convertible Preferred (“Series A”) and 1,000 Series B Preferred (“Series B”) shares. Series A shares are currently convertible into a number of common shares that, when combined with the 33 million common shares that the Series A holders held as of July 2, 2007, equal sixty percent (60%) of the then total issued and outstanding common shares. The Series A holders are the original equity holders of the LLLP. The conversion of the Series A shares will have the effect of diluting all other common stock shareholders. As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock. The Series B shares are majority voting shares and are held by senior management. Ownership of the Series B shares assures the holders thereof a 51% voting control over the common stock of the Company. The Series B shares are convertible on a one-for-one basis with the common stock in the instance the Company is merged or sold.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cypw