When the President of a company sends a letter to the SEC it is clearly not inconsequential.
try2row and the quack doctor praised the finance deal when it was announced. Now that it has fallen apart they say it was dilutive and not good for the stockholders. Can't have it both ways.
The issue is since Cyclone sent that letter to the SEC they have not made another finance deal and not sold a license agreement. This company as 18 employees on the payroll and they need money. The CEO even said that the LSR car is on hold for lack of money.
The SEC filing marks a milestone in the financing shortages of this company.