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Re: dream of steam post# 25285

Monday, 06/22/2015 9:00:35 PM

Monday, June 22, 2015 9:00:35 PM

Post# of 28183
Money spent on "intangibles"? How would anyone think such a thing?

Here's a summary from the annual reports for the last several years (2014 is just up to end of Q3 since Cyclone has stopped filing financial reports):

Year______________General and Administrative___Research and Development
2014__________________1,606,575___________________713,237
2013__________________2,100,104___________________772,795
2012__________________2,203,713_________________1,091,501
2011__________________2,628,835___________________983,276
2010__________________1,522,917___________________842,425
2009__________________1,332,757_________________1,115,795
2008__________________1,225,411___________________866,380

Totals________________12,620,312__________________6,385,409

For this "R&D-only" company, "General and Administrative" has always overwhelmed R&D spending.

Everyone who builds the engines, designs the engines, tests the engines and all the materials used to make and test the engines is R&D expense. So why is it that Cyclone spent $2 on "General and Administrative" for every $1 on R&D?

You know what? In none of the financial reports does Cyclone ever break down what these expenses are. $13 MILLION in seven years is a helluva lot of paperclips, don't you think?

What do you suppose the shareholders got for all those millions?

Now let's talk about tangible results shareholders got for more than $20 million in cumulative operating losses and more than $30 million in derivative losses.

Here's the Mark 5 engine progress report from March 2010:



And here's the Mark 5 engine progress report from February 2015:


Five years. Notice the difference?

The test stand no longer has a bunch of cheap multimeters taped to it.

Listen to the engine turning over in each one. Speed goes up and down like a yoyo. It's no wonder they haven't tried to put the engine in a car, boat or gokart. They can't control it. Imagine if they put up a video of car or boat lurching along speeding up and slowing down with the driver frantically trying to control the vehicle.

They've also never shown the engine power being measured on a dyno, either. I'll bet that the rotary valve modification leaks steam so badly they can only run the engine on low enough pressure to spin the engine alone.

So where did all that investor money go? Believe it or not, that's $20 million sitting on that test stand in the video.

Oh, and to top it all off, the only progress in the last 5 years was to remove most of the patented features from the engine, so if Harry Schoell eventually stumbles onto a design that works, anyone will be able to build and sell it.
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