Replies to post #23989 on Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

On July 30, 2014, WHE GEN completed its $350,000 Seed Round offering, and paid to TCA Global Master Credit Fund LP, the Company’s senior secured creditor, approximately $78,000 to fully retire that debenture and release all of the Company’s assets from its security interest. WHE GEN also paid to the Company an additional $24,000 in reimbursements.

If WHE GEN completes the $2m second round, Cyclone gets $175K in license and consulting fees.

Cyclone will also get a 5% royalty on WHE GEN sales, but sales are a long way off.