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CYPW_CLEAN_GREEN_GENERATING_MACHINE
Still no response to the SEC order demanding to know why CYPW should not be deregistered. https://www.sec.gov/litigation/apdocuments/ap-3-19846.xml
It's green, because it doesn't use any fuel, because it doesn't work.
It's green, because it doesn't pollute, because it doesn't work.
It's green, because it doesn't take any raw materials to manufacture, because they don't manufacture any.
Their boat is the most efficient powerboat ever built, because it has never used any fuel.
Their racecar is the second most efficient ever built, second only to Soap Box Derby cars.
Yep, sounds like a winner.
Maybe they could take the car to the next Soap Box Derby race and see if they can pick up some trophies for the 80+ age category.
Any bets on when the SEC will deregister the stock?
CYCLONE MADE NO PROFIT$ WHEN THEY WEREN'T BROKE
Why would any rational person assume they will make a profit now that they are bust?
CYPW_CLEAN_GREEN_GENERATING_MACHINE
CYPW -- INVESTOR GREEN (MONEY) EATING MACHINE It's pretty much wiped out all the capital put into the company, along with all the goodwill initially generated.
The key difference is, however, that Uber and Tesla have real products. Cyclone has only ever had bragging about what they were going to do in the future.
You can download the Uber app and get a ride in the next hour. You can buy a Tesla car that comes with a 4 year factory warranty, and 8 years on the battery. Tesla has more than 20,000 charging stations scattered around.
And Cyclone?
Their website is four or five years out of date.
They are three years behind in SEC filings and the stock is going to be deregistered at any minute.
They had a bunch of fake display engines that they used to tell people worked great. Word is that when they closed their shop last year all these went into a dumpster.
They have a powerboat with a fake engine that was supposed to set speed records starting in 2011. It's never been in the water.
They have a custom built race car that was supposed to set speed records starting in 2012. They even rented the Space Shuttle runway at Kennedy Space Center at one time to test the car. Like the boat it's never moved one foot under the power of a Cyclone engine.
There's never been a public demonstration of a running Cyclone engine. As Tom says, try to buy one. Offer cash. See what kind of runaround you get.
CYPW has been going since 2007, and the one constant is they have always been claiming engines would go into mass production within six months. Fourteen years later and they don't have so much as a go-kart that has ever run under the power of a Cyclone engine.
The two con-artists in charge, Harry and Frankie, are each now about 80 years old. Clearly they're tired of this con and are taking it easy on some of the $25 million of investors' cash that disappeared without a trace into Schoell Marine.
They are old, and so is their story. Other than some rare comments on Facebook repeating the same old lies, what have they done in the last two years?
CYPW_CLEAN_GREEN_GENERATING_MACHINE!
We all have opinions.... You do realize investors invest based on a story.... a concept. I'm not going to get into a mechanical/engineering discussion on IHub. That part of my life is over. Too many opportunities in the investing world to dwell on a little stock like CYPW.
I'm managing risk by limiting my size. It's a binary trade. I believe that CYPW has a simple concept that has proven to work and I've already risked money. I'll buy more if it drops.
Life is too dynamic to try to anticipate what will happen next with CYPW. With the money that is flying around things can change in an instant with CYPW.
Uber has a $108 Billion Market Cap. I believe Tesla is going to take over that sector and Uber will be pushed out. But who am I..... it's just my opinion. Obviously a lot of investors believe in Uber. I'm not one of them. And Uber hasn't made any money..... They have lost money every year!
BUT I don't go on the Uber board and say anything.
Go find a stock to buy..... Were at the beginning of a huge run up in the market. Focus on positive things
Broken Promises! Voodoo Engineering, Testing! Lousy Business Model
There is always talk of "good charts", which never has gone anywhere -- as evidenced by the utter lack of sales or profits. Of course, you can't have sales when there is no product on the market -- try to buy a Cyclone engine, I dare you. Much of the engineering is mumbo jumbo and that fact can't be erased by quoting Cyclone talking points -- which are just a string of claims that have been debunked for years -- often by the company itself.
Great! A parroted reply instead of an intelligent discussion.
CYPW_Clean_Green_Generating_Machine!
CYPW_Is_In_The_Right_Place_At_The_Right_Time!
GREEN_TECHNOLOGY_External_Combustion_Engines_Rule! Worth a read....
If the CYPW Steam engine is combined with the CYPW Waste Heat engine it is an efficient clean package that should be utilized with, at the very least, electric generators.
Clean air is very important. Even if it's just for cleaner air to breathe. A lot of Internal combustion engines can be switched over to external combustion engines and the waste heat utilized.
Waste heat on Internal combustion engines should be utilized with CYPW patented technology. That alone is HUGE for CYPW.
This is GREEN TECHNOLOGY
This GREEN TECHNOLOGY can make a difference
This GREEN TECHNOLOGY can run on a wide variety of fuels
"CYPW Responded to SEC". Umm, no.
Here's SEC's case file page for Cyclone and Ecolocap Solutions, Inc.
https://www.sec.gov/litigation/apdocuments/ap-3-19846.xml
Notice that on March 12th they added an email from Ecolocap requesting more time to file. (Their lawyer died... How sad.)
But nothing from Cyclone.
Now it's certainly possible that you got this story directly from Frankie Fruge or Harry Schoell. The two do nothing but lie to shareholders. They haven't even told shareholders they closed their shop a year ago, let alone come clean on the total and unremitting failure of their magical external combustion technology.
The only question is how long until the SEC pulls the trigger and deregisters CYPW.
PEOPLE VERY UNCLEAR REGARDING THERMODYNAMICS -- "EXTERNAL COMBUSTION RULES"
For our purposes, we can assume that there are two types of heat, sensible and latent. Sensible heat does not change the state of the material and causes a continuous temperature rise as heat is added. For example, if we take a glass of water at room temperature and heat it to 200 degrees, the temperature will go up a relatively constant amount for every BTU of heat added. On the other hand, if we start with water heated to 212 degrees, we will need to add 947 BTU of heat in order to convert a pound of water into a pound of steam -- the temperature still being 212. The energy needed to convert a fluid at boiling temperature into vapor of the same temperature is called latent heat. Only after we add that 947 BTU worth of latent heat can we start to superheat the steam.
Now, the problem is that adding this 947 BTU is a non-reversible process, meaning that we can't extract energy from the steam by condensing it back to water. So, for every pound of water we boil, 947 BTU worth of latent heat is lost. An internal combustion engine, by contrast, is not working with fluids and therefore avoids this loss of latent heat.
Now, this is very simple physics, which most of us should have learned in junior high (or middle school). On this basis alone, it is extremely difficult for the educated person to assume that external combustion -- particularly Rankine cycle (steam engines) -- actually "rule".
External Combustion engine rules!!!! This chart RULES!!!! I'm in and I'm holding. Sounds like a lot of people bought at the wrong time. Gotta buy stocks when the sector they are in is HOT. Get ready for the run when the market rockets up from all this stimulus money and past QE.
CYPW Is not selling shares, they don't have any to sell.
The 5.3 billion outstanding was in June 2018. We know Frankie had three or four "strategy consultants" going for several months after that, all being paid in stock probably at a discount to the $0.0001 trading price.
Then there were still convertible notes coming due, which converted typically at a 50% discount to market price.
There were still huge volumes traded in the last half of 2018. Much bigger than the recent trading.
I would expect the outstanding is at least 7 or 8 billion, but could easily be more.
The fact that Harry Schoell and Frankie Fruge have ignored all the demand letters from the SEC to make required filings, then ignored the SEC order last year and the new SEC order last month means they really don't want anyone to know what they've been up to. It wouldn't surprise me if much of that volume in 2018 was from them dumping shares they voted themselves.
Somebody has been spending real money to acquire a position in CYPW. I would guess they're doing it to get the shell by some means related to being the biggest shareholder.
If someone does get the shell, expect an epic reverse split to wipe out the small shareholders, then a new cycle of dilution.
On the other hand, if the SEC deregisters the stock, would the shell be worth anything at all?
Time will tell.
Share issue is the process by which companies pass on new shares to shareholders, who may themselves be new or existing shareholders. Companies can issue shares to both individuals or corporate bodies, and in another article we provide a step by step guide to issue shares.
Alongside the issue of shares, you may see the term ‘share allotment’ used. While there can be subtle differences between issuing shares and allotting them, for most companies and in most circumstances they amount to exactly the same process. So we’ll use both terms to mean the same thing here.
We must, however, distinguish between a share allotment and a share transfer. With a share allotment, the shares are created and issued by the company to the people who become the company’s shareholders. Shares will generally be issued by the company at the start of its life and some companies will issue more shares later on. A share transfer, in contrast, involves existing shares being passed from an existing shareholder to someone else. That will always take place after the company has been formed and, although the company may be involved, it is not creating or allotting those shares.
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We’ve looked at how to transfer shares elsewhere, so we’ll focus on the allotment of shares here.
The main reason a company will issue new shares is to raise money to finance the business. Some examples will help to show the different scenarios where an allotment of shares may be considered. Here’s our top 10:
When the company is first incorporated, a number of shares will usually be issued – there are a number of factors that influence how many shares to issue. This share issue, along with any money that the company may borrow, enables the company to trade. The initial shareholders are often referred to as ‘subscribers‘, because they are said to subscribe to the new company’s memorandum of association. Shares may be issued in order to repay some or all of the company’s borrowing. New funds may simply be required to grow the business organically. Issuing shares might also fund a particular new development or project, which will often require significant initial capital with the rewards (hopefully) seen in later years. A share issue could be used to fund the purchase of another company. This may mean raising cash from a share issue and using that cash to buy the other business. Alternatively, new shares could be issued to the current shareholders of the target company – they’d effectively be exchanging their shares in the company being purchased for shares in the company that is buying it. To repair a damaged balance sheet. Companies may need to allot shares to continue trading after a particularly difficult period, whether specific to that company, related to problems across an industry or part of a wider downturn in the whole economy. The company can make a bonus or capitalization issue of shares to existing shareholders. Instead of the shareholders needing to pay for the shares themselves, in this type of share issue the company uses its own profits to fund the allotment instead. This usually has the effect of reducing the value of the shares in issue, which may in turn make them more marketable to investors.
If shareholders prefer not to receive a cash dividend, the company may offer them a ‘scrip’ dividend instead – allotting shares of the same value as the cash dividend. This is often popular among companies because issuing shares as a dividend does not impact cashflow in the way a cash dividend does. If a director or employee exercises a share option that they’ve been granted by the company, they may acquire the shares via an allotment to them.
As part of a new director or senior employee joining the business or an existing employee becoming a director, they may acquire shares in the company. Often used by professional companies, this can both demonstrate and cement the employee’s commitment to the business – they’ll have a clear and direct interest in the company’s success. The shares would either be passed to the employee by a new allotment of shares or via a transfer from existing shareholders. The shares allotted will usually be in an existing share class, although sometimes there will be reasons to create a new share class. and the company might choose to make use of different types of share.
Source: Internet Research Department
__________________________________________________________
You nailed it. What do you think is happening.
Too many OS @ 5.3billion. A ridiculous number
we need to put out of our misery until be can
get control, which will happen.
In stocks, any time you profit, someone loses.
If that is not sometime one can tolerate, they
need to consider another hobby or full time
employment.
I am here to encourage, and to buy shares...0004
we are trading CYPW to viability and solvency, at
least to trade. This is how it is with most penny
stocks anyway........forget all else, and let's
get to work.
Briboy
____________________________________________________
How many shares are even out there?
At the rate someone is buying this stock up, how close are they to holding a majority position? If they wanted to repurpose the corporate shell, maybe Cyclone ignoring the SEC is the best thing that could happen. The new holder(s) could argue that the company should forfeit control and turn it over to shareholders who could set things straight. I dunno, not a lawyer, just know that the Uniform Commercial Code is generally rigged to promote business as a social good. Maybe something similar applies here...
Looks like Cyclone ignored the latest SEC order, too.
From the SEC case page https://www.sec.gov/litigation/apdocuments/ap-3-19846.xml on Friday:
Order Discharging Order to Show Cause as to Ecolocap Solutions, Inc., and Directing Prehearing Conference
The SEC had lumped Cyclone and this Ecolocap together in their orders. The latest order was
TOO OLD TO CONVICT !!! For this pump and dump scam that bled thousands of tens of MILLIONS. But now harry and frugenstein will feign poverty, as they lose their shop, and boat biz, and half finished boats, cars, engines, and everything but the SWINDAL. THE CON WAS COMPLETE 3 YEARS AGO. Now they will move to Mexico and live off SS. So from public welfare in shares, to taxpayer welfare in benefits. All while living like rich entrepenuers. Just a con.Pimpin' lies that's the genius work from the insiders. Never given anything in return. just lousey pirates. good riddance. may they expire.
Looks like we're in the countdown to delisting.
Cyclone hasn't filed anything with the SEC since August of 2018.
They ignored all the SEC demand letters to update their filings.
They ignored the trading halt the SEC imposed last year.
They ignored the order from the SEC last year to defend their lack of filings.
And it appears they've ignored the deadline this past Tuesday for the latest order to show cause why the stock should not be delisted.
Because they failed to file a defense last year the SEC has the authority to delist the stock any time without further procedures.
Harry and Frankie probably decided they can't swindle anyone else by issuing more stock, so they're going to let the stock be delisted so they don't have to deal with irate shareholders any more.
And, no doubt, they'll claim that they are the real victims here.
Every con man ever said "TRUST ME!"
I love Cyclone Power
Even the name is cool. Powerful.
Whatever happens here on out we
need to trust
Bookmark SEC's case file page for Cyclone
Administrative Proceeding File No. 3-19846
https://www.sec.gov/litigation/apdocuments/ap-3-19846.xml
The SEC already ordered Suspension of Trading in 2020
https://www.sec.gov/litigation/suspensions/2020/34-89202-o.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
June 30, 2020
In the Matter of
Cyclone Power Technologies, Inc. and Ecolocap Solutions, Inc.,
File No. 500-1
ORDER OF SUSPENSION OF TRADING
It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of Cyclone Power Technologies, Inc. (“CYPW1”) (CIK No. 1442711), a Florida corporation located in Pompano Beach, Florida with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 ("Exchange Act") Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended June 30, 2018. On October 31, 2019, the Commission’s Division of Corporation Finance (“Corporation Finance”) sent a delinquency letter to CYPW requesting compliance with its periodic filing requirements, which was delivered. As of June 25, 2020, the common stock of CYPW was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
It appears to the Commission that there is a lack of current and accurate information concerning the securities of Ecolocap Solutions, Inc. (“ECOS”) (CIK No. 1290506), a revoked Nevada corporation located in Morton Grove, Illinois with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2017. On August 29, 2019, Corporation Finance sent a delinquency letter to ECOS requesting compliance with its periodic filing requirements, but ECOS did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of June 25, 2020, the common stock of ECOS was quoted on OTC Link, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on July 1, 2020, through 11:59 p.m. EDT on July 15, 2020.
By the Commission.
Vanessa A. Countryman
Secretary
Cyclone has ignored a SEC Order. WOW.
https://www.sec.gov/litigation/admin/2020/34-89198.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 89198 / June 30, 2020
ADMINISTRATIVE PROCEEDING
File No. 3-19846
In the Matter of
Cyclone Power Technologies, Inc. and Ecolocap Solutions, Inc.,
Respondents.
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS AND NOTICE OF HEARING PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against the respondents named in the caption (together, “Respondents”).
II.
After an investigation, the Division of Enforcement alleges that:
A. RESPONDENTS1
1. Cyclone Power Technologies, Inc. (“CYPW”) (CIK No. 1442711) is a Florida corporation located in Pompano Beach, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). CYPW is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended June 30, 2018, which reported a net loss of $1,437,171 for the prior six months. As of June 25, 2020, the common stock of CYPW was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
2. Ecolocap Solutions, Inc. (“ECOS”) (CIK No. 1290506) is a revoked Nevada corporation located in Morton Grove, Illinois with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). ECOS is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2017. As of June 25, 2020, the common stock of ECOS was quoted on OTC Link, had five market makers and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
B. DELINQUENT PERIODIC FILINGS
3. As discussed in more detail above, both Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
4. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Exchange Act Rule 13a-1 requires issuers to file annual reports, and Exchange Act Rule 13a-13 requires domestic issuers to file quarterly reports.
5. As a result of the foregoing, Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
III.
In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:
A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,
B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.
IV.
IT IS ORDERED that a public hearing before the Commission for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed by further order of the Commission, pursuant to Rule 110 of the Commission’s Rules of Practice, 17 C.F.R. § 201.110.
IT IS FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice, 17 C.F.R. § 201.220(b).
IT IS FURTHER ORDERED that the Division of Enforcement and Respondents shall conduct a prehearing conference pursuant to Rule 221 of the Commission’s Rules of Practice, 17 C.F.R. § 201.221, within fourteen (14) days of service of the Answer. The parties may meet in person or participate by telephone or other remote means; following the conference, they shall file a statement with the Office of the Secretary advising the Commission of any agreements reached at said conference. If a prehearing conference was not held, a statement shall be filed with the Office of the Secretary advising the Commission of that fact and of the efforts made to meet and confer.
If Respondents fail to file the directed Answers, or fail to appear at a hearing or conference after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents, may be deemed in default and the proceedings may be determined against them upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice, 17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310.
This Order shall be served forthwith upon Respondents by any means permitted by the Commission’s Rules of Practice.
Attention is called to Rule 151(b) and (c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.151(b) and (c), providing that when, as here, a proceeding is set before the Commission, all papers (including those listed in the following paragraph) shall be filed with the Office of the Secretary and all motions, objections, or applications will be decided by the Commission. The Commission requests that an electronic courtesy copy of each filing should be emailed to APFilings@sec.gov in PDF text-searchable format. Any exhibits should be sent as separate attachments, not a combined PDF.
The Commission finds that it would serve the interests of justice and not result in prejudice to any party to provide, pursuant to Rule 100(c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.100(c), that notwithstanding any contrary reference in the Rules of Practice to filing with or disposition by a hearing officer, all filings, including those under Rules 210, 221, 222, 230, 231, 232, 233, and 250 of the Commission’s Rules of Practice, 17 C.F.R. §§ 201.210, 221, 222, 230, 231, 232, 233, and 250, shall be directed to and, as appropriate, decided by the Commission. This proceeding shall be deemed to be one under the 30-day timeframe specified in Rule of Practice 360(a)(2)(i), 17 C.F.R. § 201.360(a)(2)(i), for the purposes of applying Rules of Practice 233 and 250, 17 C.F.R. §§ 201.233 and 250.
The Commission finds that it would serve the interests of justice and not result in prejudice to any party to provide, pursuant to Rule 100(c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.100(c), that the Commission shall issue a decision on the basis of the record in this proceeding, which shall consist of the items listed at Rule 350(a) of the Commission’s Rules of Practice, 17 C.F.R. § 201.350(a), and any other document or item filed with the Office of the Secretary and accepted into the record by the Commission. The provisions of Rule 351 of the Commission’s Rules of Practice, 17 C.F.R. § 201.351, relating to preparation and certification of a record index by the Office of the Secretary or the hearing officer are not applicable to this proceeding.
The Commission will issue a final order resolving the proceeding after one of the following: (A) the completion of post-hearing briefing in a proceeding where the public hearing has been completed; (B) the completion of briefing on a motion for a ruling on the pleadings or a motion for summary disposition pursuant to Rule 250 of the Commission’s Rules of Practice, 17 C.F.R. § 201.250, where the Commission has determined that no public hearing is necessary; or (C) the determination that a party is deemed to be in default under Rule 155 of the Commission’s Rules of Practice, 17 C.F.R. § 201.155, and no public hearing is necessary.
In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.
By the Commission.
Vanessa A. Countryman
Secretary
SEC's Proof of Service to Cyclone -- Last July!
https://www.sec.gov/litigation/apdocuments/3-19846-2020-09-23-declaration-of-gina-joyce.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
File No. 3-19846
In the Matter of
Cyclone Power Technologies, Inc., et al.,
Respondents.
DECLARATION OF GINA JOYCE
TO ASSIST SECRETARY WITH RECORD OF SERVICE
GINA JOYCE, pursuant to 28 U.S.C. § 1746, declares:
1. I am a Senior Counsel with the Division of Enforcement (“Division”) of the Securities and Exchange Commission, and co-counsel for the Division in the captioned administrative proceeding. I am submitting this Declaration to assist the Office of the
Secretary (“Secretary”) in maintaining a record of service on the Respondents in the captioned proceedings pursuant to Securities and Exchange Commission (“Commission”) Rule of Practice 141(a)(3).
2. Among other means, Commission Rule of Practice 141(a)(2)(ii) permits service on a corporation or entity by delivering a copy of an Order Instituting Administrative Proceedings (“OIP”) to an agent authorized by appointment or law to receive such service or, in the case of an issuer with a class of securities registered with the Commission, by sending the OIP via U.S. Postal Service certified, registered, or Express Mail and obtaining a confirmation of attempted delivery on the most recent address shown on the entity’s most recent filing with the Commission. Further, the OIP
in this matter authorizes service of the OIP “by any means permitted by the Commission’s Rules of Practice.” Therefore, the Division asked the Commission’s Secretary to first attempt service on the Respondents via U.S. Priority Mail Express.
3. The Secretary provided me with the U.S. Priority Mail Express tracking numbers for the copies of the OIPs1 that were mailed by the Secretary to the Respondents in these proceedings. I input each of the tracking numbers into the U.S. Postal Service’s (“USPS’s”) package tracking system on its Internet website located at www.usps.com, and printed out the tracking confirmations in order to obtain confirmation of the delivery or attempted delivery of the OIP on each Respondent. A true copy of the tracking confirmations for both Respondents for whom express mail service was attempted is
attached as Exhibit 1, hereto.
4. The Secretary mailed the OIP to Respondent Cyclone Power Technologies, Inc., CIK 1442711 (“CYPW”), via U.S. Priority Mail Express, Tracking No. ER 006 859 438 US, to the address shown on its most recent EDGAR filing at 601 N.E. 26th Court, Pompano Beach, FL 33064. This address is taken from CYPW’s last filing with the commission, which was a Form 10-Q filed with the Commission on August 31, 2018. The USPS tracking system confirms that the package was delivered on July 29, 2020. See Exhibit 1 at pp. 1 – 2.
5. The Secretary mailed the OIP to Respondent Ecolocap Solutions, Inc., CIK 1290506 (“ECOS”), via U.S. Priority Mail Express, Tracking No. ER 006 859 441 US, to the address shown on its most recent EDGAR filing at 6240 Oakton Street, 1Each service package included the OIP, a letter from the Commission’s Secretary, and a letter from the Division offering discovery pursuant to Rule of Practice 230. 3 Morton Grove, IL 60053. This address is taken from ECOS’s last filing with the Commission, which was a Form 8-K filed with the Commission on April 5, 2018. The USPS tracking system confirms that the package was delivered on July 29, 2020. See Exhibit 1 at pp. 3 - 4.
I declare under penalty of perjury that the foregoing is true and correct.
Executed on September 23, 2020.
___________________________________
Gina Joyce
SEC Deadline March 16th. Delisting soon?
https://www.sec.gov/litigation/opinions/2021/34-91234.pdf
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 91234 / March 2, 2021
Admin. Proc. File No. 3-19846
In the Matter of
CYCLONE POWER TECHNOLOGIES, INC., AND
ECOLOCAP SOLUTIONS, INC.
ORDER TO SHOW CAUSE
The Securities and Exchange Commission (“Commission”) issued an Order Instituting Proceedings (“OIP”) on June 30, 2020, pursuant to Section 12(j) of the Securities Exchange Act of 1934, against respondents Cyclone Power Technologies, Inc., and Ecolocap Solutions, Inc. (collectively, “Respondents”).1
On September 23, 2020, the Division of Enforcement filed the declaration of Gina Joyce, which stated that, pursuant to Commission Rule of Practice 141(a)(2)(ii),2 service of the OIP was made on Respondents on July 29, 2020.
As stated in the OIP, Respondents’ answers were required to be filed within ten days of service of the OIP.3 As of the date of this order, Respondents have not filed answers. The prehearing conference and the hearing are thus continued indefinitely.
Accordingly, Respondents are ORDERED to SHOW CAUSE by March 16, 2021, why the registrations of their securities should not be revoked by default due to their failure to file an answer and to otherwise defend this proceeding. When a party defaults, the allegations in the OIP will be deemed to be true and the Commission may determine the proceeding against that party upon consideration of the record without holding a public hearing.
If Respondents fail to respond to this order to show cause, they may be deemed in default, the proceeding may be determined against them, and their securities may be revoked.4 Upon review of the filings in response to this order, the Commission will either direct further proceedings by subsequent order or issue a final order resolving the matter.
The parties’ attention is called to the Commission’s March 18, 2020 order regarding the filing and service of papers, which provides that pending further order of the Commission parties to the extent possible shall submit all filings electronically at apfilings@sec.gov.5 Also, the Commission’s Rules of Practice were recently amended to include new e-filing requirements, which take effect on April 12, 2021.6
For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Vanessa A. Countryman
Secretary
Footnotes:
1 Cyclone Power Techs., Inc., Exchange Act Release No. 89198, 2020 WL 3605036 (June 30, 2020).
2 17 C.F.R. § 201.141(a)(2)(ii).
3 Rules of Practice 151(a), 160(b), 220(b), 17 C.F.R. §§ 201.151(a), .160(b), .220(b).
4 Rules of Practice 155, 180, 17 C.F.R. § 201.155, .180; see Cyclone Power Techs., Inc., 2020 WL 3605036, at *2 (“If Respondents fail to file the directed Answers, . . . [they] may be deemed in default and the proceedings may be determined against them . . . .”).
5 Pending Administrative Proceedings, Exchange Act Release No. 88415, 2020 WL 1322001 (Mar. 18, 2020), https://www.sec.gov/litigation/opinions/2020/33-10767.pdf.
6 Amendments to the Commission’s Rules of Practice, 85 Fed. Reg. 86,464, 86,474 (Dec. 30, 2020); see also Amendments to the Commission’s Rules of Practice, Exchange Act Release No. 90442, 2020 WL 7013370 (Nov. 17, 2020); Instructions for Electronic Filing and Service of Documents in SEC Administrative Proceedings and Technical Specifications, https://www.sec.gov/efapdocs/instructions.pdf. The amendments also impose other obligations on parties to administrative proceedings such as a new redaction and omission of sensitive personal information requirement. Amendments to the Commission’s Rules of Practice, 85 Fed. Reg. at 86,465–81.
"The Cyclone Engine has over 1,000 hours of running and testing its engines."
That's the total for every engine they've ever built since at least 2007.
1000 hours over 14 years is 71 hours per year or about 82 minutes per week.
Sounds about right.
Cyclone Power Technologies, Inc. is a research and development company. The Company is the developer of the Cyclone Engine, which is an all-fuel, clean-technology engine that runs everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. The Cyclone Engine is a Rankine Cycle heat regenerative external combustion, otherwise known as a Schoell Cycle engine. The Cyclone Engine is capable of running on virtually any fuel (or combination of fuels), including bio fuels. The Cyclone Engine has over 1,000 hours of running and testing its engines. The Company serves various markets, which include solar power, vehicle power, underwater power, recreation/off-road power, power generation, military power, marine power, industrial power and train power.
Yep, the other day filled a block of shares
Will add more again, in increments
Almost 20mil in volume today. Pretty minatory
presage for a penny stock, eh? ha ha
Did you pick up any shares? I didn't get filled.
I bought back before the run up. Haven't been able to get more at 1, 2 or 3. Kinda frustrating. Probably should have waited to dispute the lies. LOL
I'll buy more on the next dip. People will be panic selling.
I think the Dow/SP500 are going into mania mode soon. I think they are going waaaaay higher than anyone thinks. it'll be like the 1920's all over again. This time we had QE to add fuel to the fire.
So much money is flying around anything is possible. I agree.... as a shell this is worth more. People have to wake up. The up side is HUGE. Totally worth the risk for me. Awesome chart. Check out MXSG
I think gold and silver are going waaaaaaay up. MXSG is one play but I can't get many shares!
In the Name of the Father
I've been buying
I heard the same thing about OPTI...... All the way up
OPTI had the exact same scam talk. OPTI was at a LOW of $0.0005 mid year last year.
OPTI ran up over 11,000% in 2 months. The whole time it dropped the Moderator kept spreading fake news.
OPTI continued to run after the pullback and went up to $0.1944
That's 38,000% in 3 months. Fake News kept up....
OPTI continued to run after another pullback and went up to $0.44
That's 86,000% in 7 months. Fake News keeps being spread by the Moderators.
OPTI will continue to go up after this pullback in the overall market.
Chart patterns never lie. Maybe a new CEO is going to take over just like OPTI
You keep spreading fake news..... it helps me buy at lower prices.
Thank you
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