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Monday, November 23, 2015 10:21:30 AM
Today's infographic for those unfortunates investing in Cyclone WHE technology:
The merger between Q2Power and Anpath Group has gone through. (Well, more like the empty Anpath shell was purchased by Q2Power.) http://www.sec.gov/Archives/edgar/data/1310527/000101041215000195/0001010412-15-000195-index.htm Soon Chris Nelson will rename the Anpath shell and start selling stock to a new generation of suckers.
For instance, on page 28 of that 8K, we find:
"During the six months ended June 30, 2015, we incurred operating expenses totaling $1,943,728.", and,
"Of the operating expenses in the 2015 period, non-cash general and administrative expense related to equity-based compensation totaled $529,220. Stock and options to purchase stock issued to consultants totaled $470,186, and stock and options issued to employees totaled $59,034."
The executives are also consultants, so half the money raised from investors in the first half of this year has gone to line the pockets of the insiders.
Meanwhile, the WHE engine has still not been able to run for 200 hours continuously under load. This is a condition for Phoenix Power to make a $150K progress payment. Note 4 on page 52 says that there is still $250K on the books as deferred revenue from Phoenix Power. This is the money held in escrow for the progress payment ($150K) and the purchase of 10 engines ($100K).
As long as that deferred revenue is listed on the books it is proof their engine has never survived 200 hours of running.
Meanwhile, Yanmar sells a biogas generator system (https://www.yanmar.com/global/energy/bio_gas_micro_cogeneration_package/) and offers extended warranties up to 60,000 hours (http://www.yanmar-es.com/uploads/files/349226-YAN-Catalog-Apr17_FINAL_DIGITAL_med.pdf), which is more than 300x longer than the WHE engine has ever run. As far as we know, the WHE engine may never have run more than 2 hours without failing, which means the Yanmar goes 30,000 times longer....
Harry Schoell has been promising since 2007 the WHE engine was going into production in six months. Now Chris Nelson is still promising that.
Oh, and the blip in CYPW price in March 2011? That came after the announcement that Topline Automotive was going to start manufacturing WHE engines.
The merger between Q2Power and Anpath Group has gone through. (Well, more like the empty Anpath shell was purchased by Q2Power.) http://www.sec.gov/Archives/edgar/data/1310527/000101041215000195/0001010412-15-000195-index.htm Soon Chris Nelson will rename the Anpath shell and start selling stock to a new generation of suckers.
For instance, on page 28 of that 8K, we find:
"During the six months ended June 30, 2015, we incurred operating expenses totaling $1,943,728.", and,
"Of the operating expenses in the 2015 period, non-cash general and administrative expense related to equity-based compensation totaled $529,220. Stock and options to purchase stock issued to consultants totaled $470,186, and stock and options issued to employees totaled $59,034."
The executives are also consultants, so half the money raised from investors in the first half of this year has gone to line the pockets of the insiders.
Meanwhile, the WHE engine has still not been able to run for 200 hours continuously under load. This is a condition for Phoenix Power to make a $150K progress payment. Note 4 on page 52 says that there is still $250K on the books as deferred revenue from Phoenix Power. This is the money held in escrow for the progress payment ($150K) and the purchase of 10 engines ($100K).
As long as that deferred revenue is listed on the books it is proof their engine has never survived 200 hours of running.
Meanwhile, Yanmar sells a biogas generator system (https://www.yanmar.com/global/energy/bio_gas_micro_cogeneration_package/) and offers extended warranties up to 60,000 hours (http://www.yanmar-es.com/uploads/files/349226-YAN-Catalog-Apr17_FINAL_DIGITAL_med.pdf), which is more than 300x longer than the WHE engine has ever run. As far as we know, the WHE engine may never have run more than 2 hours without failing, which means the Yanmar goes 30,000 times longer....
Harry Schoell has been promising since 2007 the WHE engine was going into production in six months. Now Chris Nelson is still promising that.
Oh, and the blip in CYPW price in March 2011? That came after the announcement that Topline Automotive was going to start manufacturing WHE engines.
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