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Wednesday, January 27, 2016 10:54:01 PM
You'd have a point, IF Harry and Frankie had treated investors honestly.
For example, here's a slide from the 2011 shareholder's open house:
on file at the SEC: http://www.sec.gov/Archives/edgar/data/1442711/000139843211000968/page16_01.jpg
Yep, they overcame all those technological hurdles, alright. That's why, for instance, in 2013 they hired Ohio State University to fix the problems with the bearings. Or why a year ago they posted a video of the Mark 5 engine with a totally different valve system. Oh, and the totally different condensing system.
And they still don't have any engines that work for 50 hours.
But it isn't for a lack of claims about production starting. Also from the open house:
Raytheon got "Manta Ray 36" engines instead of Mark 5s, and the Army eventually got the S2 generator, but no other event on that schedule has happened. Raytheon disappeared after they got their engines (and the project manager retired), as has the Army after they got their prototype.
So here we are more than four years later without working engines.
Why not?
Simple enough question, isn't it?
What is the current status of the engine designs? What's the longest the Mark 5 has run producing full power without breaking down? Why has the Mark 1 engine, the first batch of ten being ordered in November of 2014, never been shown powering anything?
And why was there an announcement last August of the $42 million "binding contract" after their shifty Danish partner's deal with the penniless Chinese "investor" had already fallen apart?
Why has Frankie announced twice she would be filing unaudited financials, yet never has?
Harry and Frankie have known for years the technology just does not work and cannot be made to work. Combilift has been waiting for years for their two Mark 5 engines to run for just 50 hours. Pretty simple requirement isn't it? What's preventing that from happening? That's a material fact if there ever was one, and Harry and Frankie have been ignoring their legal duty to report it to shareholders.
Would investors be more than $50 million poorer if Harry and Frankie had been honest and said the Cyclone engine didn't work worth a darn, but they hoped one day it might?
Not likely.
It's just too bad no one around here can come up with any real accomplishments of Cyclone Power.
For example, here's a slide from the 2011 shareholder's open house:
on file at the SEC: http://www.sec.gov/Archives/edgar/data/1442711/000139843211000968/page16_01.jpg
Yep, they overcame all those technological hurdles, alright. That's why, for instance, in 2013 they hired Ohio State University to fix the problems with the bearings. Or why a year ago they posted a video of the Mark 5 engine with a totally different valve system. Oh, and the totally different condensing system.
And they still don't have any engines that work for 50 hours.
But it isn't for a lack of claims about production starting. Also from the open house:
Raytheon got "Manta Ray 36" engines instead of Mark 5s, and the Army eventually got the S2 generator, but no other event on that schedule has happened. Raytheon disappeared after they got their engines (and the project manager retired), as has the Army after they got their prototype.
So here we are more than four years later without working engines.
Why not?
Simple enough question, isn't it?
What is the current status of the engine designs? What's the longest the Mark 5 has run producing full power without breaking down? Why has the Mark 1 engine, the first batch of ten being ordered in November of 2014, never been shown powering anything?
And why was there an announcement last August of the $42 million "binding contract" after their shifty Danish partner's deal with the penniless Chinese "investor" had already fallen apart?
Why has Frankie announced twice she would be filing unaudited financials, yet never has?
Harry and Frankie have known for years the technology just does not work and cannot be made to work. Combilift has been waiting for years for their two Mark 5 engines to run for just 50 hours. Pretty simple requirement isn't it? What's preventing that from happening? That's a material fact if there ever was one, and Harry and Frankie have been ignoring their legal duty to report it to shareholders.
Would investors be more than $50 million poorer if Harry and Frankie had been honest and said the Cyclone engine didn't work worth a darn, but they hoped one day it might?
Not likely.
It's just too bad no one around here can come up with any real accomplishments of Cyclone Power.
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