Replies to post #22272 on Cyclone Power Technologies, Inc. (fka CYPW)

[pennypicker42]

I don't know why I bother: but yes it was paid, received and spent. Proof can be found in the 10k reports.

[greenpar]

From few weeks back,

Funding & Future Growth

The successful implementation of our operational goals and revenue-generating initiatives will require us to seek additional financing. In the first quarter of 2013, we sold $100,000 in common stock to an investor at a premium above market prices, and signed a $500,000 convertible note with a hard conversion floor price of $0.08 / share, also representing a premium to current market prices. We closed the first $100,000 tranche of that note in April.

We believe that our track record demonstrates our commitment to raising funds in the least dilutive manner for our shareholders. We will continue to pursue financing opportunities with this approach, which may include funding at the subsidiary level (i.e., through Cyclone-WHE and Cyclone Performance), and seeking government grants (we currently have $1.5 million in applications in review and others to be submitted). However, our focus remains generating revenue from product sales and technology licensing.

The first quarter of 2013 was positive for Cyclone, and we are determined to get stronger moving forward. We believe that we have a solid plan to transition our products into production and commence consistent revenue this year, and we intend to meet those milestones. It has been a long road and we are beginning to see the proverbial light at the end of the tunnel. That makes it a very exciting time to be a Cyclone shareholder.

On behalf of the entire Cyclone team, we thank you for your support.

Sincerely,

Harry Schoell