4 BILLION SHARES- Authorized common stock to 4,000,000,000 shares
Cyclone Power Technologies, Inc
| - | Effective September 1, 2016, the company raised the authorized common stock to 4,000,000,000 shares. |
Cyclone Power Technology and its licensees have spent years and untold millions of dollars without producing a single marketable product. ( the total money spent is unknown)
There is not a single Cyclone engine in use anywhere in the world.
Cyclone started as a limited liability partnership in Florida in 2004. In July 2007, merged the partnership into a Florida corporation that had recently re-domiciled from California (originally chartered in 1974). Began trading on the OTC Pink Market in July 2007 under the symbol CYPW and now trades on the OTC pink market. Cyclone is not filling financial reports therefor the total dollar loss is unknown.
"Currently, our share price, debt load, and other market factors have created further headwinds towards this objective. Opportunities for Cyclone with long-term capital advantages have presented themselves and could led to a strategic move."
Pink Sheet stocks do NOT have any strict financial reporting obligations.
One common scam involving OTC investors is the pump and dump scheme where promoters buy penny stocks, promote and push up the prices for other investors and then dump their stocks while the late investors are stuck with worthless stock that they overpaid to own.
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Unfortunately the company has not been able to install a running motor in any of the (concept model) or prototypes pictured below.
.CEO Frankie Fruge The boat does not have a running motor.
2012
Cyclone business plan, get a patent and sell licenses without actually having a working engine.
"toxic debt" and derivative accounting
2012...The initial test runs on the Cyclone-Team Steam USA Streamliner are on target for late summer 2012, and will be at the NASA-Kennedy Space Center Shuttle landing strip in Cape Canaveral Florida. It is an honor to be invited by NASA to test at their facility and ultimately break the World Steam Record and bring it back to the USA at this historical facility...The engine never ran.
Without competent engineers, how can you claim to be an R & D operation? How can you believe their claims that they are a serious R & D outfit?
CEO FRANKIE FRUGE The CEO of Cyclone Power Technology The boat does not have a running motor.
CONTACT
CYPW Chart Recent Annual Reports, All SEC Filings
| Name | Title | Pay | Exercised | Age |
| Mr. Harry Schoell | Co-Founder, Chairman, Principal Exec. Officer and Chief Technology Officer | 150k | N/A | 75 |
| Ms. Frankie Fruge | Pres and Director | 125k | N/A | 73 |
| Mr. Bruce Schames | Chief Financial Officer and Principal Accounting Officer | 72k | N/A | 70 |
Series B Pref. Shares Beneficially Owned: Harry Schoell 80% Frankie Fruge ,20%
NOTE 8 – PREFERRED STOCK
The Series B Preferred Stock is majority voting stock and is held by the two co-founders of the Company. Ownership of the Series B Preferred Stock shares assures the holders thereof a 51% voting control over the common stock of the Company. The 1,000 Series B Preferred Stock shares are convertible on a one-for-one basis with the common stock in the instance the Company is merged, sold or otherwise dissolved.
The shareholders of this company have never had a vote.
MARKETPLACE
OTC Markets -OTCQB http://www.otcmarkets.com/stock/CYPW/quote
Thanks Buddy,Tom, Chuck and bobby
Maybe they do not understand what production means.
Tom is absolutely right. Anyone with any manufacturing experience knows that there are various steps to reach final production...even if it is just the first pilot run. It is a long and expensive endeavor because at each step there (should be) rigorous testing for each working prototype even before tools are even built for the production units. Then even after the off-tool samples are built there is more testing and, in some cases, tool modifications design changes, etc. Within that process, if you have something that is proven, you file for a patent to protect your idea. Most importantly though, an R&D firm DOES NOT go into production.
Now based on what we have seen over the years, it is easy to assume that Cyclone has no manufacturing experience or understanding. Harry probably thinks that FMEA is the Government agency that takes care of you after a natural disaster. But I think the Cyclone problem is more serious than that:
I believe that they know that they have a lemon. They have always known it. It is not a matter of being incompetent it is a matter of deceit. They sold a dream to investors and then realized quickly that the engine in any form would not work. But they got hooked on the money and exposure (Popular Mechanics, How It's Made)that having something revolutionary brings. To keep it going however, they needed to find more investors and money and sell more lies.
Now, working on one engine and trying to sell lies gets old quickly and you get found out quickly. Besides, not everyone may want your "technical marvel" in its current form so you make up iterations based on the "proven" first engine. You then start selling those ideas. This is how you spend more on admin than engineering. Most of the money goes to selling the next big thing and a little actually goes to the engines. This is because you know that they do not work and you can lament that you lacked funds to do all you could with it.
That is how you end up with a small "R&D" company with 6 engines that are "ready for production" but only if we could get the funding. And a race car with an engine that would hit Mach 5 if only we had the funding.
This is why there was never any real diagnostic equipment in the shop and the engine videos never showed actual useful output.
...and do not even get me started on the whole Cyclone Power paying Schoell marine for services and they have the same owner. I do not want to see the financials for Cyclone, I want to see the ones for Schoell Marine.
-Chuck
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1) Phoenix Power contracted to pay $150,000 when a WHE engine ran continuously under part load for 200 hours. This payment was never made according to Q2Power's latest filings. Keep in mind engineers at Ohio State University redesigned the engine and Q2Power burned through $6 million and it still couldn't run for 200 hours. Q2Power has never demonstrated the engine working or released any information at all on what the real engine performance was. They've given up on being in the steam engine business.
2) Combilift contracted to pay $300,000 when Cyclone demonstrated two Mark 5 engines running under part load for 50 hours each. This also hasn't been paid out, so we know no Mark 5 has run for 50 hours. Similar to Q2Power, Cyclone has never released any honest information on what engine performance really is.
In addition to that we know Ohio State redesigned the WHE to eliminate the spider bearing. At the time they predicted they would soon run an engine for 200 hours. Instead they discovered the water-lubricated bearings were the next major failure point. Ohio State didn't say how long the WHE engine was made to run, but it was nowhere near the 200 hour goal.
CYPW Security Details
Share Structure
| | Market Value1 | $2,276,100 | a/o Feb 08, 2017 |
| | Authorized Shares | 4,000,000,000 | a/o Sep 01, 2016 |
| | Outstanding Shares | 1,517,400,273 | a/o Dec 31, 2016 |
| | -Restricted | Not Available |
| | -Unrestricted | Not Available |
| | Held at DTC | Not Available |
| | Float | 352,989,105 | a/o Jul 31, 2014 |
| | Par Value | No Par Value |