Cyclone Power Technologies, Inc. (fka CYPW)

[BuddyWhazhizname]

Hey Creston, it looks like the buyer has no connection to Harry Schoell, so the sale of the building was legit and not some shifting of titles to hide assets.

The mortgage lien on the Schoell Marine building was paid off before the sale. The liens on Cyclone Power's assets are still there.

It could be the new owner is renting the building back to Cyclone. It was probably bought as an income property so that would be the easiest way to get income.

Cyclone had been paying Schoell Marine $12/sq ft x 6000 sq ft = $72,000 per year in rent for the whole building. This is about what Frankie claims it would cost to the file financial reports they are legally obligated to file but don't because of the cost. Some priorities, huh?

There's been no mention of working on the Mark 5 engine since that video a year ago. Considering there was $300K of Combilift's money sitting in escrow to be paid out once two engines each ran 50 hours, not working on these engines means they've given up trying to make the Mark 5 work.

Instead they're working on the Mark 1 and Mark 3 designs, which are supposed to be 5 and 25 horsepower. Little engines. Harry and Frankie seem to be the only employees, so Cyclone could easily move into a one-car garage.

All the rest of Cyclone's assets are worthless. There are no more potential suckers to show the make-believe engines to. All the parts of engines that didn't work are scrap metal. At least half the patents have expired and those still in effect have never been shown to cover ideas that work. The expensive land speed record car is never going to run (remember last year's $125,000 crowdfunding scheme that raised $430?) so might as well be sold for parts.

Getting rid of all that useless junk and downsizing would be the reasonable thing to do, but it's pretty unlikely. Building engines that actually work has never been a priority for Cyclone. The focus has always been on creating symbols of Harry Schoell's "genius".