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Cyclone Power Technologies, Inc (CYPW)

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Last Post: 12/11/2017 12:15:52 PM - Followers: 229 - Board type: Free - Posts Today: 0

Cyclone Power Technologies, Inc  

Website: http://www.cyclonepower.com       Facebook           Filings at the SEC       Filings at OTC Markets (including pre-SEC filings) 

Business:

Cyclone describes themselves as a research and development company who have developed a modern steam engine.  They have produced some prototype engines, but have no commercially available products and have never publicly demonstrated a running engine.

History:

Chairman and CTO Harry Schoell had spent many years in the powerboat industry.  His company, Schoell Marine, occupies a 6000 square foot building in Pompano Beach, Florida.  Schoell has no education beyond high school and describes himself as an inventor.  In the early 2000s he experimented with steam engines. In an article in Professional Boatbuilder magazine April/May 2016 page 29 Schoell explained the reason he created Cyclone Power Technologies:

The past 10 years he has devoted his mind and resources to compact steam engines. "We wanted to build a clean-air multi-fuel engine, because it fit the times and the marine industry was faltering," he says.

After Cyclone Power started raising money from investors, Schoell had Cyclone lease the entire Schoell Marine building and enter a services contract with Schoell Marine, his privately held company.

Use of Funds:

  Research &
Development
General &
Adminstrative
Property &
Equipment
Notes
2007 Annual Report 814,685 674,774 14,777  
2008 Annual Report 1,090,911 1,139,878 19,695  
2009 Annual Report 1,115,795 1,332,757 78,130 1
2010 Annual Report 830,611 1,241,379 83,784  
2011 Annual Report 983,276   2,628,835 108,243 2
2012 Annual Report 1,091,501 2,203,713 376,177 3
2013 Annual Report 772,795 2,100,104 376,763  
2014 Annual Report 845,499 1,890,152 163,166  4,5
2015 Annual Report 275,610 653,103  126,520 4
2016 Annual Report 478,299 967,706 93,272 6
Totals 8,298,982 14,832,401      
Notes:
1: $39,953 of the increase in property and equipment was leasehold improvements
     to Harry Schoell's building.
2: $27,751 of the increase in property and equipment was leasehold improvements
     to Harry Schoell's building.
3: Equpment increased 270,396 with no explanation.  This was the year Cyclone
     had a land speed record race car custom built.
4: The 2014 report was filed two years late.  The 2015 report was filed one year late. 
     Cyclone switched to new auditors for these reports.  There were large write-downs
     of the value of inventory, which were added to the R&D expenses.  The numbers
     given here are the actual R&D spending in each year.
5: By 2014 total leasehold improvements on Harry Schoell's building had reached $93,922.
6: Cyclone again switched auditors.  R&D is net of inventory provisions.

Even though Cyclone claims to be an R&D-only company, for every dollar spent on R&D, almost two dollars have been spent on General & Administrative.  That spending has never been broken down, but the only place most of it could have gone is into the services contract with Schoell Marine.  In addition, it is likely a large part of the R&D spending went to Schoell Marine.  No commercial products have resulted from this spending.

Dilution:

Cyclone has continued to operate the last few years by diluting the stock. A/S is 6,000,000,000 shares. Chart from ycharts.com up to August 2017:

Dilution is continuing as Cyclone has contracts with a consultant to deal with their auditor, and another consultant to deal with their former auditor, which each pay $10,000 per month with stock steeply discounted (e.g., 50%) from market.  The large rise in trading volume in the second half of 2017 corresponds to the stock being provided to these consultants.


Recent (2016) photo of the inside of Cyclone's facility.


CTO Harry Schoell and former President Christopher Nelson, photo from 2011 Cyclone Shareholder Open House (The event where Schoell told investors that all the technological problems with the Cycone engine had been "overcome".)
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CYPW
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CYPW News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2017 05:16:45 PM
CYPW News: Amended Annual Report (10-k/a) 09/11/2017 05:22:59 PM
CYPW News: Amended Quarterly Report (10-q/a) 09/05/2017 06:28:32 AM
CYPW News: Amended Quarterly Report (10-q/a) 09/05/2017 06:22:01 AM
CYPW News: Quarterly Report (10-q) 08/21/2017 10:16:02 AM
PostSubject
#26653   Why hold someone down when they keep shooting Tom Swift 12/11/17 12:15:52 PM
#26652   You mean you need to try harder as ChuckFinley305 12/11/17 08:41:00 AM
#26651   CYPW CHART arnold 12/08/17 03:26:50 PM
#26650   Crashed down 33.333% on $37. volume. SCAM bobbyknobb 12/08/17 12:38:25 PM
#26649   Been bottomed out for years. See any chart. bobbyknobb 12/08/17 12:37:24 PM
#26648   What's the skinny Smittytnt 12/07/17 07:56:56 PM
#26647   Well, Greetings and salutations. To all bobbyknobb 12/07/17 06:10:28 PM
#26646   Try harder boys.... You can't hold CYPW down!! X-ray07 12/07/17 01:17:43 PM
#26645   Current price for 4 years OBVIOUSLY not cheap here. bobbyknobb 12/05/17 03:29:54 PM
#26644   CYPW has always been a Ponzi scheme. BuddyWhazhizname 12/05/17 01:58:10 PM
#26643   I will be watching this one closely. PepsiMan 12/05/17 10:49:04 AM
#26642   Waiting on Quarterly report. kyallen 12/05/17 10:43:42 AM
#26641   I need to take a good look at PepsiMan 12/05/17 10:37:06 AM
#26640   "I don't know who's more incompetent, Harry Schoell, arnold 12/02/17 09:51:57 PM
#26639   0003 is cheap here wow BIGTRADERBRAND 12/02/17 05:33:19 PM
#26638   Briboy responds to 6 year old post. bobbyknobb 11/30/17 01:46:18 PM
#26637   Anybody care? The SEC is reporting the arnold 11/30/17 12:51:59 PM
#26636   I may get more shares of CYPW Briboy 11/29/17 06:55:56 PM
#26635   Yessir, here is another one that I am kyallen 11/25/17 07:12:32 PM
#26634   $CYPW .0002s new blood and transfer of wealth EDDIEO81 11/25/17 10:32:04 AM
#26633   Worthless scam but you're still here hahahaha X-ray07 11/23/17 01:47:27 AM
#26632   Well Dahmer, if you go back about bobbyknobb 11/22/17 02:00:15 PM
#26631   Well Dahmer, if you go back about bobbyknobb 11/22/17 01:59:45 PM
#26630   Well Dahmer, if you go back about bobbyknobb 11/22/17 01:59:44 PM
#26629   someones buying this scam...... Dahmer 11/22/17 11:08:46 AM
#26628   CYPW reporting status delinquent. arnold 11/21/17 02:00:38 PM
#26627   Crashed down 33.333% 0r 1 third total value bobbyknobb 11/21/17 11:45:13 AM
#26626   Jumped up 50% on $6 trade=20k sh. LOL bobbyknobb 11/20/17 05:22:52 PM
#26625   pic20.picturetrail.com/VOL1604/13750494/24755443/413092590.jpg bud arnold 11/20/17 02:01:10 PM
#26624   It's about Mr. Smitter being conned by Harry Schoell. BuddyWhazhizname 11/17/17 05:08:25 PM
#26623   Anyone know what this is about? Marlseg 11/17/17 04:23:10 PM
#26622   a pumper xray has 2,049 posts in a bobbyknobb 11/17/17 01:58:08 PM
#26621   4500 Victims have lost 99.999%. Pumpers don't care, bobbyknobb 11/17/17 01:53:28 PM
#26619   NO XRAY NEEDED just look to the right bobbyknobb 11/17/17 01:29:20 PM
#26618   You're just making crap up lol Post a X-ray07 11/17/17 10:52:10 AM
#26617   Chart showing .0001 trade. LOL arnold 11/17/17 10:50:58 AM
#26616   That's laughable... ChuckFinley305 11/17/17 07:44:32 AM
#26615   Try harder, you and your buddies can stack X-ray07 11/17/17 05:09:34 AM
#26614   You show me the daily chart that shows arnold 11/17/17 12:48:28 AM
#26613   Show me the daily chart past month and X-ray07 11/17/17 12:09:20 AM
#26612   Lie Less than 500k shares have been traded X-ray07 11/17/17 12:08:35 AM
#26611   LOl, many millions of shares have traded arnold 11/17/17 12:06:45 AM
#26610   Lol some people are trying to bring the X-ray07 11/16/17 06:05:12 PM
#26609   IBES latest news letter is out. The company arnold 11/16/17 10:31:17 AM
#26608   Well, whaddya know? The quarterly report is BuddyWhazhizname 11/14/17 07:35:31 PM
#26607   0.00009 coming right up.... ChuckFinley305 11/14/17 03:48:40 PM
#26606   0.0001 -0.0001 (-50.00%) arnold 11/14/17 02:57:12 PM
#26605   Made it down to 0.0001 today RECORD bobbyknobb 11/14/17 12:11:48 PM
#26604   Let's Look at the chart. mmm Years as bobbyknobb 11/13/17 02:07:19 PM
#26603   Only if Cyclone admits failure and sells the ChuckFinley305 11/13/17 11:01:24 AM
PostSubject