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Cyclone Power Technologies, Inc (CYPW)

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Last Post: 2/19/2018 5:36:07 PM - Followers: 246 - Board type: Free - Posts Today: 11

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
Q3 2017 Report 162,462 856,934 72,517  
Totals 8,461,444 15,689,335      
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. (In 2017 the ratio had increased to $5 on G&A per dollar of R&D.) 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:

As of December 18, 2017, there were 2,726,067,954 shares of the registrant’s common stock issued and outstanding. (Source: Q3 2017 report)A

As of February 8, 2018, one investor held 180,000,000 shares representing 5.75% of the outstanding.  That makes the outstanding 3,130,434,783 shares.


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".)

President of Cyclone, " We have a small accounting staff and we do not have the robust employee resources and expertise needed to meet complex and intricate GAAP and SEC reporting requirements of a U.S. public company. "

Fraudulant statement by Cyclone Dec 14, 2010 ."This first WHE-GEN-10 is currently converting exhaust heat from Bent Glass Design’s furnace into grid-tied electric power."
As of March 25, 2015 there has been no indication they have made a water lubricated engine pass this 200-hour endurance test. 

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SureTrader
CYPW News: Statement of Ownership (sc 13g) 02/08/2018 02:04:30 PM
CYPW News: Quarterly Report (10-q) 01/08/2018 05:10:40 PM
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
PlusOneCoin Top Posts
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PostSubject
#26822  Sticky Note CYPW news - Selling 20% equity in company HallaDurg 02/02/18 02:11:53 PM
#26693  Sticky Note Molten Salt wrote:I think they are issuing stock BuddyWhazhizname 01/15/18 12:19:14 PM
#27094   The International Association of Steam Power, OSU/CAR arnold 02/19/18 05:36:07 PM
#27093   Solar Reserve: This is the leading company for marlin6 02/19/18 04:25:08 PM
#27092   cypw is always trying to claim inventions of bobbyknobb 02/19/18 03:48:42 PM
#27091   Remember Harry claims " ceramic bearings will handle bobbyknobb 02/19/18 02:00:30 PM
#27090   SUB_PENNY for years. see a 4 or 5 bobbyknobb 02/19/18 12:39:12 PM
#27089   On water lubrication of Cyclone engines... BuddyWhazhizname 02/19/18 12:27:49 PM
#27088   Wild assumptions and exaggerations from salty maltun. 1st. bobbyknobb 02/19/18 12:10:18 PM
#27087   You've probably been lied to again by Frankie Fruge: BuddyWhazhizname 02/19/18 12:08:03 PM
#27086   You (and Buddywhomaynotbeanexpert) state repeatedly that OSU/CAR found Molten Salt 02/19/18 11:55:51 AM
#27085   Thank you Bobby for repeatedly "cutting and pasting" Molten Salt 02/19/18 11:22:24 AM
#27083   4 Judgements and multiple defaults, bank overdrawn!!~ rent bobbyknobb 02/18/18 02:26:54 PM
#27082   molton asks for proof. But refuses to answer bobbyknobb 02/18/18 02:04:48 PM
#27081   molton asks for proof. But refuses to answer bobbyknobb 02/18/18 02:04:40 PM
#27080   Malton, you asked me to provide a link arnold 02/18/18 12:51:24 PM
#27079   Nice switcheroo again, Arnie. Gerald Fly of OSU/CAR Molten Salt 02/18/18 10:54:28 AM
#27077   NOT DISHONEST: arnold 02/17/18 04:32:19 PM
#27076   Hilarious pump from poster john: bobbyknobb 02/17/18 03:40:18 PM
#27075   Last years post from molton salt: bobbyknobb 02/17/18 03:14:17 PM
#27074   your assumptions only prove too much competition in bobbyknobb 02/17/18 01:59:40 PM
#27073   You proved nothing salty. You merely voiced your opinion bobbyknobb 02/17/18 01:55:39 PM
#27072   Cyclone "News"? HAH! Pumpers call Press Releases "News"... Tom Swift 02/17/18 01:51:50 PM
#27071   More hype about another imaginary engine, as usual! Tom Swift 02/17/18 01:50:32 PM
#27070   Your reply is dishonest. Your original post stated Molten Salt 02/17/18 01:02:01 PM
#27069   Solar thermal technology is not new but it arnold 02/17/18 12:40:01 PM
#27068   A 1 MWe solar thermal plant is not Molten Salt 02/17/18 12:10:03 PM
#27067   IF new investor money is used for old bobbyknobb 02/16/18 09:45:58 PM
#27066   Cyclone did not pay off debt! arnold 02/16/18 07:43:47 PM
#27065   The PR was so good sp. CRASH 7% bobbyknobb 02/16/18 03:13:11 PM
#27064   They can pay off the lawsuits against them, ChuckFinley305 02/16/18 01:12:16 PM
#27063   35 million sold off @...$0.0003 2s yesterday..lower till bobbyknobb 02/16/18 01:05:41 PM
#27062   Could not make a 10kw, or 95hp work bobbyknobb 02/16/18 01:03:26 PM
#27061   Buddy & the Whiners, our resident rock band, Molten Salt 02/16/18 12:51:35 PM
#27060   News states CYPW is receiving payments from the HallaDurg 02/16/18 11:05:11 AM
#27059   NEWS- Cyclone Power Technologies Settles All Judgments and HallaDurg 02/16/18 11:03:58 AM
#27058   THUNDER BRINGS THE NEWzzz Cyclone Power Technologies Inc CYPW:OTC THEREISTHETHUNDER 02/16/18 10:41:03 AM
#27057   I'm actually down a lil since I Kilmal 02/16/18 10:20:30 AM
#27056   More huge milly block hits on 0003s!!! OTC Knight 02/16/18 10:09:35 AM
#27055   How much do they pay negative posters here???? ball8 02/16/18 10:03:36 AM
#27054   Wow - 14 milly buy on 0003s!!! OTC Knight 02/16/18 09:32:49 AM
#27053   Cyclone "Fans" only post when shares are dumped! Tom Swift 02/15/18 10:24:07 PM
#27052   SO stupid! Can't negatively pump the nearly worthless! Tom Swift 02/15/18 10:21:59 PM
#27044   Poor Pumpers, pushing this turkey's a tough job! Tom Swift 02/15/18 07:01:53 PM
#27043   Repeated posts mean desperation. Why the frantic promotion? Tom Swift 02/15/18 06:57:44 PM
#27042   Dilution-prone. Discounted. Insolvent. Revenue-Free. Product-less. Over-promoted Tom Swift 02/15/18 06:56:08 PM
#27041   This smells like another $COTE. A No $$$$$$$$$$$ Ticker here. Kilmal 02/15/18 06:31:57 PM
#27033   cyclone selling at .0001 50% Discount to Market. CHEERS bobbyknobb 02/15/18 01:55:41 PM
#27032   See any chart minus -99.8% bobbyknobb 02/15/18 01:32:29 PM
#27031   Rate of DILUTION will be increasing now. BuddyWhazhizname 02/15/18 01:12:32 PM
#27030   Millions Spent! No Product! No Revenue! No Assets! Tom Swift 02/15/18 01:02:06 PM
#27029   Cyclone LOI's mean LOL's. All Talk, No Business! Tom Swift 02/15/18 01:00:02 PM
PostSubject