Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There are some differences between Tesla and Cyclone:
- You can buy a working Tesla car, that comes with a factory warranty.
- You can go to a Tesla dealer and actually test drive a real, working car before entering into a contract to buy one.
- The Tesla car works as advertised. It has been independently tested and reported on.
- Tesla has real, working charging stations all over the place.
- Tesla has real, degreed engineers working for them.
Here's a graph of Tesla's delivery numbers to customers:
The Intro gives Cyclone's total deliveries. Six customers and seven engines. That's with a five year head-start on Tesla. Only one customer, IBES of Dubai, has reported trying to run a Cyclone engine. They gave up last year and appear to have folded.
Cyclone has probably the same number of issued press releases as Tesla. Tesla's predictions, however, tend to come true.
Cyclone has spent only $8 million on R&D after announcing they had "a family of market-ready engines", and not brought one engine to market. In that time they've also spent about $16 million on General and Administrative fees, plus cost shareholders another $30 million in derivative losses. For all that spending, there's been zero technical progress in more than a decade.
Maybe another $5 Billion in investment in Cyclone could lead to a working Cyclone engine. But probably not. Ohio State University concluded there was no known bearing material that would survive in the water lubricated Cyclone engine, and Harry Schoell is determined to prove to the world he can make water lubrication work, whatever the cost to investors.
Best bet to learn about Cyclone would be to read their press releases. They deleted all the old ones from their website a while ago, but Archive.org has them at https://web.archive.org/web/20150608052837if_/http://www.cyclonepower.com/press.html Start at the bottom and read up.
Make a list of all the predictions they have made, especially of engine production starting. Make another list of the predictions that ever came true. Then look at the current predictions and see if there's a pattern.
The one video with some glowing light bulbs was notable because there was no watt meter to measure the actual power going the the bulbs. A 100 watt incandescent bulb will glow with far less than 100 watts being supplied to it, and without instruments measuring the actual power there is no basis to make any claims about power production.
Also, find out how many different versions of the waste heat engine were announced after the video with the light bulbs. It is the one that Cyclone finally hired Ohio State University to fix, then was spun out with Chris Nelson into a separate company. They spent $6 million, sold one system that they never completed then gave up completely on the Cyclone waste heat engine. They sold their license back to Cyclone.
As for the water brake dynamometer, yes, Cyclone often says a particular engine is "on the dyno". I think they mean by that the engine is literally on a stand above the dynamometer. They have never published any dynamometer results even after publicly announcing they would.
If you find where Cyclone has given a reason why their predictions of engine sales and production have never come true, please let us know. They have never explained just what technical problems have prevented them from delivering working engines to customers.
I also started by asking for accounts of people who had seen Cyclone engines producing power at Cyclone. No one has ever admitted to seeing engine output being measured.
Well, you know the old saying: "One Planet, Zero (Cyclone) Engines".
With all the Great Tbings in Frankie's plans for now, such as the Mark 1 engine going into commercial production and sales, and the Mark 3 going into production and sales, and the Mark 5 running off solar heat, and the Mark 10 engines entering production, you'd think there'd be videos of engines powering things. And testimonials from happy initial customers.
Maybe Frankie was just "overoptimistic" again.
We now have some idea what "Beta testing" is...
Funding in 2018 to complete various Company projects has been negotiated with an investor that wants to integrate Cyclone technology with its Solar products. Final testing of the Mark 10 1500 horse power unit is projected by year end. The new Thermal Storage unit for the 1-Megawatt Microgrid market and the Cyclone solar trough is expected to be manufactured early next year by our teaming partner. It is currently under Beta testing.
But notice that the debts to Schoell Marine and the "officers" are all current, and were significantly reduced this year, while all the debts to outsiders are in default.
And,
"For the six months ended June 30, 2018, cash increased by $29,742. Funds were provided by $249,500 in proceeds from the series A preferred stock subscription"
This is what they've gotten out of the $5 million from the Secret Investor they announced early this year. Property, equipment and inventory have not increased by one dollar, so what cash they have gotten has not gone into prototype engines or test equipment.
Typical.
And they still haven't filed that contract with the SEC as they are required to do with such material information.
The 6 month due diligence period for that Secret Investor who was going to buy 20% of Cyclone for $5 million ended last month. Since there have been no PRs bragging about getting the money or extending the DD period, it's pretty safe to say that this deal has disappeared just like all the other past announcements of great things to come.
Today's volume could be Cyclone's four business consultants cashing out, or it might be Cyclone just printing more new stock to get some operating cash.
The Secret Investor appeared to be the force behind the solar powerplant emphasis lately. Without millions of new cash it's even less likely those three 1500 hp Mark 10 engines will ever be built, let alone built and operated by December.
And still no public demonstration of any Cyclone engine powering anything.
Oh to be a happy Cyclone cheerleader... From Facebook:
Paul Wick If I may re-cap: Curtis asked what the hold up is, if the bearings are good. Frankie recently replied above (but buried in other remarks). So I paste here: "testing all parts each has to have the life hour test done now and now working with production engineers for parts mass production."
We will be delivering the two engines to Combilift in the next 30 days and it will be installed in a fork lift.
Someone posted a link to the Wikipedia article on Cyclone's Facebook page, and Frankie replied:
Cyclone Power Technologies so the videos of running engines are fake according to you? And yes we have some mock ups of intergrated systems but we have NEVER said these specific mock ups were running units. The running units on dynos are all on utub. Wikipedia was written by some vicious liar with an agenda to destroy Cyclone apparently with an underlying purpose or a paid client.
Hi Marlin, I think it would be a tough haul for the FBI to get a conviction. In a criminal court they would have to meet the standard of guilty beyond a reasonable doubt. That's a high bar to reach.
An over-unity device violates the laws of physics, but a steam engine doesn't. Cyclone has various videos of engines turning under their own power, and on the Army project, the Army eventually accepted the genset to close out the contract, so the U.S. Army technical experts have already signed off that a Cyclone engine worked to some degree.
If I was their defense lawyer, I'd just put Harry and Frankie on the stand and let them talk for a while. It would be clear they are both morons. Then the prosecution would have to prove they had criminal intent and didn't do what they did because of stupidity. Unless the FBI comes up with internal memos from Frankie to Harry explaining how they intended to cheat investors, the pair's actions could be explained by simple incompetence. And given that the two "co-habitate", there probably wasn't a lot of memo writing.
A civil suit just has to meet the balance of probabilities level, so in that example of the over-unity outfit, it is much easier to get a decision that they defrauded investors and get a judgement for damages. I would think a civil case against Cyclone could be won, but somebody would have to fund a long and expensive civil suit with little chance of collecting.
The SEC could go after them for violating securities laws, but their resources are too thin and the result would probably just be a delisting of CYPW and maybe a lifetime ban from the markets for Schoell and Fruge. The SEC has required a number of corrections by Cyclone in the past, but on really minor things like requiring proof of their claim in the annual report that Harry Schoell is a "genius". The fact that Cyclone has been selling stock with the claim that they have developed, i.e., past tense, this wonderful engine without any evidence the engine is "developed" has escaped the SEC's notice.
So, in practice it looks like these two have gotten away with it, and continue to do so. The good news is that we're getting the facts of Cyclone's performance known, and the only people buying the stock are gamblers looking to make a quick buck and who don't care whether it's a scam or not.
Hi Marlin, somebody did mention on this board a while back having contacted the SEC and was basically told they are short-staffed and Cyclone was too small a fish to bother with.
The biggest piece of investment money in Cyclone just disappeared into "General and Administrative" expenses. They've never broken down that spending, but after reading every financial report Cyclone has put out the only place I found it could have gone to was a services contract with Schoell Marine, Harry Schoell's private company.
For example, Cyclone shareholders paid premium rent to lease the entire Schoell Marine building, but every photo taken in the place shows boat building and boat repair always took up most of the building. It wouldn't be at all surprising to find that "Cyclone" employees had been doing Schoell Marine work, with Schoell Marine pocketing the extra profit. And who knows what Schoell Marine charged to provide labor to Cyclone. The $10 per hour boat washers at Schoell Marine might have been billed out to Cyclone at $100 per hour.
It's just really hard to reconcile the tens of millions that Cyclone spent with how little they have now.
Cyclone itself has no assets and lots of debt. The money that Harry Schoell and Frankie Fruge took out of the company no doubt has been put in places that would be hard to reach. A lawsuit would be extremely expensive, especially as it would have to be proven that the executives and board of directors (including some independent directors) intended fraud and not that they were just poor managers and ignorant inventors.
The fact that Cyclone swindled so many small investors (e.g., $65 million over 5000 people is $13,000 each) means it's unlikely there are enough with deep enough pockets to fund a lawsuit.
I was once told the first thing they teach in law school is "Don't sue a poor person". Even winning a suit would just start the battle to find and get the assets.
Don't forget Tom that Cyclone has a Secret Investor who is pouring truckloads of cash into the company so they can build and deploy megawatt solar power systems.
Of course, when that prediction doesn't come true there will be some other announcement to divert attention. I think the next two unannounced Marks are the 8 and 9.
They had announced hiring electrical engineers. Yes, in the plural. I think it is to build a Cyclone engine mock-up with blinking lights and life-like sounds to assist in misleading new investors. But, conceivably, they could hook a generator to an engine, connect it to the grid, load it up and measure actual power production. That could represent dyno testing.
Will anything like that happen? Of course not. A couple years ago now they posted a photo of a rental electrical load bank on Facebook and said their Danish defense contractor was going to test the 10 kW genset and all results would be published. Remarkable was the fact that after more than 10 years claiming they were building engines to run generators, they had never bothered to buy any instrumentation to measure the power output of the generators. The way they squandered millions in investors' money meant the lack of instrumentation wasn't due to any budget limitation.
The dyno unit shown in some of the videos they've posted is a water brake design. These are really cheap, and they don't provide any torque load at lower RPM. The primary market for them is for inexpensively testing the peak output of engines that turn several thousand RPM. All of Harry Schoell's claims about low speed torque are pure fiction as Cyclone has never had the equipment to load engines at low speed and measure the torque produced. (Not to mention that loading a Cyclone engine with the claimed starting torque would destroy all the engine bearings within the first revolution, and probably break the connecting rods, too.)
Their former chief technical advisor over on the steam car board once mentioned Cyclone found it much easier to just make up test results than to actually do the testing. I also recall him saying something about Harry Schoell doing a cocktail-napkin sketch and calling it a finished engineering design.
It will be interesting to see how this megawatt solar scam plays out. They promised engines built before the end of this year, and installed system running in Q1 2019. Of course the promised delivery date for the first 2 Mark 5 engines was January 2010. Yes, the engines that have been in "final testing before shipment" for at least three and a half years now.
Cyclone has never publicly demonstrated a working engine. The land speed record car only needed an engine to run for a few minutes, yet it's never been tested. Solar has been a claimed market for Cyclone right from the beginning, yet they've never demonstrated a working solar collector. But now they are going to design, build, test, install and start up a 3 megawatt solar installation that can generate full power for 72 hours on stored heat. All within the next seven months.
I also haven't decided if Harry Schoell is seriously mentally ill or is just a pathological liar and con artist.
When (if?) the Q2 report comes out it will mention just how much money they've gotten from the Secret Investor. That 180 day due diligence period would have ended in July so the outcome should be mentioned in the Subsequent Events section of the report.
Let the excuses for the failure of this system begin!
And here we are, 6 months later and not only are there no engines in production, or even anywhere near production, but there is still not even a video of any Cyclone engine actually powering anything.
Back in Feb 24, 2015 Frankie put out a PR saying:
The Combilift Engines for our customer in Ireland is on its final testing on the dyno and will be ready for shipping when the testing is completed
That's about it. Nitrogen lubricated bearings off the Space Shuttle, no less.
Of course, the next question is, if bearing failure isn't the reason why Cyclone won't show an engine powering anything, then what is the reason?
Since Harry put the "spider bearing" back into the engine design after the engineers at Ohio State University took it out, the water lubricated bearings probably last long enough for the engine to self destruct by breaking all the connecting rods.
And to top it off she repeats the new story that it takes 1000 engineers and $250 million to bring a new product to market. Therefore, don't trust Cyclone with any investment or purchases since they will never be able to produce a working engine.
Unfortunately, we'll never know just how many millions of investors' money got siphoned off into Schoell Marine and then straight into Harry and Frankie's pockets.
There's not much in the way of fundamentals, though.
All the money they've raised through selling convertible notes has gone to pay the two executives' salaries and consulting fees.
In Q1 they had $111,060 in cash left, but their monthly burn rate was $62,500.
Two years ago they announced plans to purchase ERTH in Georgia, pending raising the purchase price. They still haven't raised any money towards this purchase.
A year ago they announced plans to purchase Environmental Turnkey Solutions of Florida, pending raising the purchase price. No money raised here, either.
They claim to have letters of intent to purchase three other companies, again, all pending raising the funds to do so.
What kind of value proposition QPWR management is offering is a mystery. They want to raise 100% of the purchase price for these compost companies, buy them, rake off big management fees for the executives and somehow make a good return for investors?
The Q1 report showed they were closing in on zero cash. They haven't announced receiving any new investment, which they've done in the past when it occurred. They brought in a new CFO at $220K/yr. Aside from printing new stock how are they going to keep going?
Oh yeah, how could you expect any less from Harry Schoell?
The whole sad delusion is in the Cyclone train presentation.
Let's suppose the calculation is right that to get the 1600 hp the steam pressure has to be 3200 psi. Bore is 8", so the piston area is 50.24 square inches and the force on the piston will be 161,000 pounds.
There's a video out there of Harry explaining that in the Mark 5, when the "supercritical" is admitted to the cylinder it literally "explodes".
It won't be sledge hammers pounding on the connecting rods, more like howitzers. And big ones at that.
Anyone at Cyclone actually calculated anything on the engines? Surely you jest!
I see IBES of Dubai, who were going to be selling wood fired steam power systems using Cyclone engines has now disappeared from the web. Frankie put out a PR in 2016 claiming Cyclone was building five more engines for them. Wonder when those will be finished?
Yeah, it kinda makes you wonder what he got caught doing to the previous employer...
But, he'll have no trouble adhering to the ethical standards of his new employer, no matter what he did to the last.
Not to mention the total lack of honesty about what they actually DO have.
Back when Harry was bragging on the steam car board about what a "beast" his engine was, he promised to post dyno test results. Of course he then started to run off a series of excuses for not making good on the promise, with the final one being the SEC wouldn't let him.
Frankie claimed on Facebook a couple years ago that the defense contractor customer from Denmark was going to be testing the new genset engine, and full test results would be posted. She even put up a photo of a rented electrical load bank. Frankie never even tried to make excuses later for not posting the results.
The few videos that have been posted over the last several years only show engines spinning for about a minute and never powering anything.
The law requires public companies to disclose all material facts. A material fact is one that might make a reasonable investor decide whether or not to invest in a company. Obviously, the fact that Cyclone can't make an engine that can power anything would be material.
But, they'll have 1500 hp Mark 10 engines running by the end of this year. This time, for sure.
Hmmm, a new CFO.
Prior to joining the Company, Mr. Shields served as the Vice President of Corporate Development for Oldcastle BuildingEnvelope®, a division of CRH plc and the largest fabricator and distributor of commercial glass, engineered products, and glazing hardware and supplies in North America. During his three-year tenure at Oldcastle, he was responsible for overall strategy development, sourcing acquisition opportunities and conducting due diligence, valuation, and contract negotiation for multiple acquisitions, divestitures and capital expenditure projects encompassing greater than $1 billion.
Yeah, the fraud continues.
The 15 U.S. Code § 78u–5(b)(1)(C) specifically excludes penny stock companies from Safe Harbor protection. Frankie Fruge is well aware of that fact. Some of Cyclone's financial reports even admit they are not protected by Safe Harbor.
But, she keeps making predictions that she knows will never come true and pretends that the Safe Harbor statement not only protects her, but it is required for Cyclone to include it.
Pure fraudulent intent.
Hi Tom,
Good reasons, and I think the answer may be somewhere in the middle.
A February 2013 PR announced the OSU contract:
it has signed an agreement with The Ohio State University's prestigious Center for Automotive Research (OSU CAR) to perform design analysis and testing services for the company.
...
Jim Landon, Cyclone's CEO, stated: "We're thrilled to be working with Dr. Rizzoni and his team at Ohio State Center for Automotive Research. There is much we believe they can add to the commercialization and market placement of our engine technology, including a fresh set of engineering eyes and respected third-party validation. Their close proximity to our manufacturing partner, as well as the tremendous value their expertise provides us, makes this a major step forward for Cyclone and our shareholders."
Mission of this project is to help Cyclone advance its working prototype design to a Generation 1 & 2 Production Engine
Looks like the previous sure-thing acquisitions are all dead now.
On Twitter: "Wittmer is expected to be our first acquisition. An excellent, profitable company with very strong management. Things are starting to happen!"
It's now two years since they announced plans to acquire the ERTH company in Georgia.
And there was that one in Florida with the millions in revenue.
I feel like I'm forgetting another one.
But, hey, this one is a sure-thing.
If the two insiders had been interested in getting into the composting business, they would have leased some land, started charging tipping fees and had several inventory turns of compost by now.
Instead, all they've done is sold stock and convertible notes, with the vast majority of the proceeds going to ... wait for it... the two insiders.
'fraid you got that one wrong, Tom.
When Cyclone hired Ohio State University to make the WHE engine work, the first thing they did wasn't to recommend a bearing testing machine.
The first thing they did was throw away the Harry Schoell "spider bearing".
Then they threw away the Harry Schoell valve system.
Then they threw away half the cylinders.
That's when they predicted the new engine would survive the 200 hour run test.
Very shortly after that prediction they then concluded the water-lubricated bearings were a "critical" issue and recommended building a bearing test machine and starting experiments since they could find no bearing material that would survive in a Cyclone engine. That was after 10 years of Cyclone not being able to find any bearing that would survive in a Cyclone engine.
At that point Cyclone stopped paying OSU, didn't follow the recommendation to build a bearing test machine, then came out with the Marks 1, 3 and 10 designs that went back to 6 cylinders and the "spider bearing".
Harry Schoell is incapable of learning. He will just keep on tinkering like he always has, never making any progress, never intending to make any progress, but doing it all on other people's money.
They got a contract to sell electricity at below market rates for 10 years.
That's sort of like a contract for selling $20 bills for $10 each. Not that hard of a contract to get.
Go Green has nothing to do with this one. Their business is leasing light towers to construction companies in California. Theoretically, that is. Their total physical presence seems to be a mail box in a UPS store.
Cyclone, who have never demonstrated a 3 hp engine powering a go kart in 14 years while wiping out more than $65 million of investors' wealth, are going to debut their Mark 10 engine in the 4th quarter, which will produce 1500 horsepower 24/7/365 for 10 years.
The last engine development contract they got specified the final payment would be made after the engine ran for 10 hours. The final payment has never been made because Cyclone has never been able to make a engine that could run for 10 hours without self destructing.
They've also never demonstrated a 3 hp engine running off one of their solar collectors. Or that their claimed heat storage system is able to store heat.
It will be interesting to see when the excuses start and how creative they will be.
Facebook: "Frankie Fruge no assets went with purchase"
Yup, so all that was sold was the name "Cyclone Performance LLC", which is being changed to "Go Green Energy". No wonder Cyclone won't say how much cash they got from this deal. They've spent more on PRs announcing the deal than they've got from the deal itself.
"Walking back" their previous statement, as the politicians like to call it.
First Frankie announces selling the "Performance Division" may lead to a dividend for current shareholders, as a way to continue to manipulate the shareholders.
Some shareholders must have asked when they will be getting this dividend, so Frankie is forced into this PR to clarify that the dividend will be delivered by the Tooth Fairy riding a unicorn while being serenaded by Elvis and the Big Bopper.
The "Performance Division" is literally nothing more than the name "Cyclone Performance LLC" registered with the Florida Department of Corporations. Go Green Energy operates out of a rented mailbox in The UPS Store of Bakersfield California.
If Go Green was to come up with a real product, be able to sell it, manage growth and become a real company with employees and assets, survive in the market, not get put out of business by cheap Chinese clone products, grow big enough that they could become a public company, issue stock, have the stock attain some real value, and Cyclone hadn't already disposed of the 19% they hold, or Go Green didn't dilute that holding down to zero, and Harry and Frankie were to keep their word that the Go Green holding would be distributed to Cyclone shareholders, then, yes, Cyclone shareholders would get a dividend.
Seems to me Frankie made a similar promise when the WHE division was spun out. Cyclone was going to keep an ownership position in the new company and when they made good, distribute it as a dividend to current shareholders. Of course, Cyclone sold that position as soon as they could and nothing went to shareholders.
Different day, same old Frankie Fruge BS.
Still no word on how close they are to making an engine run for just 10 hours.
Here's the main problem in one slide:
Notice the choke point. Even if they had hired competent engineers, the venture was doomed to fail. Just like every other product Harry Schoell had ever been involved with.
Given that there has been no progress at all on making the engine work in the seven years since then, how could anyone claim that Cyclone is anything but a scam?
What $10 million contract? The one to deliver subsidized electricity...
If someone offered a contract to deliver a million $20 bills for $10,000,000, payable only after they delivered the goods, who wouldn't take it?
It was more than 2 years ago now that Cyclone Power Technologies Inc. Kicks Off 24/7 Solar Project With License and Development Agreement With G2E: "The Engineering Development Agreement starts with Harry Schoell, Cyclone's inventor and Chief Technical Officer, going to Mexico City in August, with the Mark 1 (5.5 HP) Engine."
They are still waiting for that engine, and no solar power system was ever built.
But, hey, the new customer is going to get three 1500 horsepower Mark 10 engines before the end of this year, and their system will be running in the first quarter of 2019.
Can't wait.
The last meeting of shareholders was in 2011. Cyclone did an open house with presentations. The presentation slides are filed with the SEC.
They didn't run any engines. They claimed to the shareholders that "the insurance" wouldn't let them. You'll see, however, that in every video they've posted where they have run an engine for a few seconds, people are always in short sleeve shirts and have no more protective equipment than a flimsy plastic face shield.
Harry Schoell, "ingenious inventor" spoke first. As soon as he was done talking, he "had to catch a plane" and couldn't answer any questions from shareholders. They never explained what was more important for him to do than answer questions from investors.
They told shareholders they had overcome all the "technological hurdles" that were preventing production of engines:
In the years since they have never explained why, given they had solved all the technical problems, that they've never publicly demonstrated a running Cyclone engine.
Here's the timeline they promised in that meeting:
The only milestone they met was delivering one S-2 engine to the Army, two or three years late. Cyclone claims it was successfully tested, but has refused to release test data. The Army has refused all Cyclone requests for additional development funding.
If any shareholders have been to Cyclone and seen a Cyclone engine power anything, they sure haven't been admitting to it publicly.
Hey Tom, I'm wondering about Go Green's entire business plan.
They offer consulting and training on these portable light towers. Well, if I need lighting for a short term I would call some bricks-and-mortar equipment rental companies, tell them how much light I needed and how much area and ask for quotes for appropriate equipment. Whoever I rented from would spend the five or ten minutes to train me on using the things.
Why would I hire this consultant? What more could he provide for his fees?
Similarly if I wanted the equipment long-term, I'd contact dealers for these light towers and get quotes from them. Dealers would also offer financing and leasing from the manufacturer and probably other finance companies, plus provide service under the factory warranty. I can also look for financing from my bank.
Again, just what does this guy offer for his fees?
If I bought his equipement, assuming he could beat the price from the manufacturer's volume dealers, who would provide the warranty? If I've got a problem with a unit, do I take it to the UPS Store?
Maybe he's positioning himself as a lender of last resort, like those used car dealers that claim they'll finance people with bad credit. How many such customers would there be in the Bakersfield California area?
It's even a worse business plan than Cyclone wanting to sell engines that to run on alternative fuels that cost far more than gasoline and diesel.
*chuckle* Yeah, here's the link to the story in Racecar Engineering magazine from February 2013: https://archive.org/stream/Racecar_Engineering_2013_02#page/n18/mode/1up
The Cyclone "Performance Division" in all its glory.
Their stated plans were running 200 mph in the first quarter of 2013 and 400 mph by the end of that year. And only spending a tenth of the 10 million British Pounds that British team had spent. The Pound ran about $1.60 in 2013, so Cyclone's budget was no more than $1.6 million.
They had leased the shuttle runway at Kennedy Space Center in 2012 and were even inviting the steam car people to come spectate. Frankie put out a PR saying NASA had "invited" them to run the car there. Yeah, the invite came right after Cyclone ponied up the rental fee. They never did admit how much money they wasted on that venture.
I wonder how many hours Harry has spent stoned sitting in the cockpit of that car making "vroom vroom" noises...
Cyclone shareholders paid dear to Schoell Marine to make production fiberglass molds for the car body. Harry's claim was that all the Cyclone engine dealers worldwide were going to want empty car bodies for displays once Cyclone set all those world records.
The molds are now the orange junk piled on the trailer in that photo of the Cyclone building.
The financial reports still claim that Cyclone receives offers of sponsorship and offers to buy the car outright. Funny how they've turned away all that cash for all these years.
After the failures to run, or even show that "beast" of an engine running, the story changed to "sponsors" having paid for the entire car and Cyclone only supplying the engine. The car is ready to go anytime, but just needs a varying amount of new sponsorship for "safety equipment".
Their chief technical advisor posted to the steam car board that Cyclone will never run the car. Harry had bragged about dyno testing and said he'd post all the details. Of course that never happened. The test results were obviously too embarrassing to release. After being reminded repeatedly of his promise to post results, Harry did post a photo of the non-running "engine" sitting on a card-table test stand as "proof" of the dyno testing.
And now the "Performance Division" is a rented mailbox in Bakersfield California.
PS: see how GoGreen rates their generators in "kWh"? That should be enough to drive away anyone who knows anything about electrical generation. It's about as incompetent as Harry Schoell's theories on bearings and aerodynamic drag.
Yes, GoGreen offers any and all kinds of consulting. If having opinions on a topic guaranteed success, well, Cyclone's revenues would be in the billions instead of zero....
They offer generator light towers and have some pictures, but surprisingly don't give the brand of the diesel engines used. (I've never seen anyone offer industrial enquipment without the engine details.) But a little quick googling finds some matches.
The GoGreen 6kWh EcoLink® Light Tower Generator vs Multiquip MLTSDW7 Light Towers
Paint the generator light green, add some decals, and you are "an industry leader in mobile power solutions and light towers for roadways and construction, airports, disaster relief, oilfield, mining, agriculture, sports, entertainment & event production."
Multiquip, on the other hand, lists 400+ employees, locations in Carson, CA, Boise, Idaho, Lewisville, Texas, Danville, Kentucky, Montreal, Quebec, Canada, Puebla, Mexico, Manchester, United Kingdom, Shanghai, China. Plus distributors in 70 countries. Big construction equipment rental companies carry their equipment.
It's hard to see why anyone would want to pay extra to get the green paint job. Maybe that's why all the photos of GoGreen light towers are of a single unit in a big, empty storage yard in the California desert.
Yeah, that clearly wasn't Frankie's writing. To boot it was even reasonably coherent.
Nothing like having three business consultants on the payroll at $10K per month each in heavily discounted stock, plus their new superconsultant getting an undisclosed amount. At least one of them has spelling and grammar skills.
Hmmm. Stock still at $0.0002. Tomorrow must be the day it'll jump to $0.0010....
Read the PR carefully. Frankie Fruge is a master of manipulation of facts.
Cyclone doesn't have a contract with the people who own the 365,000 square feet of retirement homes, their contract is with some unknown party.
The contract doesn't pay them for the solar collectors, heat storage facilities and generators, it pays them below-market-rates for electricity. If and when the electricity is delivered.
Cyclone has to front all the money to design, build, install and maintain all that machinery. Money they don't have. For technology they haven't been able to make work in 14 years of trying.
Speaking of electricity from solar, Cyclone has been pushing that scam since at least 2007 when they announced they were going to place dozens of test generators at customers' sites.
Not only have they not built any of those solar generators, they have not even demonstrated a prototype of anything making electricity from solar power.
But, suddenly they will be in the large-scale long-term solar electricity generating business.
Three years ago Cyclone announced they had a "binding" letter of intent for $42 million in wood burning power systems. They never saw a penny from that.
Four years ago they announced a million dollar purchase order for engines. They couldn't make engines that ran, and never saw a penny from that.
Not to mention the deal with that international military contractor that turned out to be a little company in Denmark that went broke. Or the global autoparts manufacturer that had one old factory in Michigan with 20 employees they bought out of bankruptcy and an alternator rebuilding shop in Argentina with 20 employees. Or that major manufacturing concern that was going to have Cyclone lawn mowers on the market by 2009 but turned out to be nothing but a rented mailbox.
And on and on.
As for that GoGreen deal, their new partner is operating out of a rented mailbox in the UPS Store in Bakersfield CA. Just like many of their old partners. Find a nobody willing to deal with you, put out a PR claiming a major deal, then dump new stock on the market. Wash. Rinse. Repeat.
Yes, even Cyclone believes their patented technology isn't worth bothering with.
The remaining patents are for the "Heat Regenerative Engine", the magic engine that was going to take over the world, like their motto says: "One Planet, One Engine". They had fancy fake display engines made and fancy artist's renderings, e.g.,
The last mention of this engine was a video from February 2015 showing the engine spinning with no load for about a minute:
Proof of expired patents? How about the Q1 2018 10Q?
As of March 31, 2018, the Company had 3 active and 8 expired patents issued on its technology both in the U.S. and internationally.
Insiders haven't purchased shares, they've been given them.
On your list,
Schoell (Harry) 48.0 M $71.9 K 5.18 6.80% N/A
Fruge (Frankie) 17.5 M $26.2 K 1.89 2.48% N/A
Schames (Bruce) 1.1 M $1.7 K 0.12 0.16% N/A
are the Chairman, President and CFO who have been running this scam.
Bornstein (Lawrence) 197.0 M $19.7 K 21.28 1.86% N/A
Romero (Xavier) 180.0 M $18.0 K 19.44 1.70% N/A
Tendrich (Chad Kevin) 396.2 M $79.2 K 42.79 7.49% Low
are the "business consultants" who are being paid $10K per month each in heavily discounted shares, not to mention the 100 million share bonuses they've been given.
Tonaquint, Inc. 86.0 M $154.9 K 9.29 14.63% Low
is an investor who has been buying CYPW convertible notes, at 50% discount to market. They've also been suing Cyclone to get their money out.
Insiders haven't been buying, they've been selling. Always. And after today they've been able to unload on new bagholders.
Great analysis Tom. There are changes to every engine offered in every car and truck model every year. Add up the number of changes per engine by the number of engines offered in each model and the total number of models, then multiply that by Frankie's quarter billion dollars per change. No doubt just these minor changes to engines must be using up GM's entire R&D budget. According to Frankie Fruge, that is.
The really bizarre part to her excuse for Cyclone not delivering on any of the many, many past promises is that it seems designed to drive away any new investors. GM and Ford, with all their experience designing and manufacturing engines, require $250 million to make one small change on one 100-year-old engine. Cyclone is developing an entirely "new" (steam engine....) technology engine from scratch that will be better than anything GM and Ford are capable of. How much will that cost?
According to Frankie, that $65,000,000 in investor wealth they wiped out was nowhere near enough to make a working engine that could be manufactured and sold. Or even publicly demonstrated. No reasonable investor could expect Cyclone to have made a working steam engine with such a pittance, right?
So she's telling the world that Cyclone will deliver nothing unless they get many tens or even hundreds of millions in new investment. Any lesser amount will lead to failure and that new investment will be totally lost.
I.e., don't invest in Cyclone.
That must be the only honest thing she's ever said.
Yeah, it's pretty pathetic when an international con artist won't deal with our good ole' American con artists. Rossi even said he doesn't want Cyclone's promises that their bogus engines will work someday.
In other news, Cyclone's website still says Nelson Hoyos is the executive in charge of the "Performance Division". He's only been gone since 2013.
Frankie has been whining lately about Cyclone being a public company. No doubt she's upset because she actually has to report company information in return for taking investors' money. Although she's never been bothered by the legal requirements of reporting all material facts, such as, for instance, they have never been able to make the engine power anything.
The announcement of the turn-around expert reminds one of the announcement some years ago of contracting with that kooky professor as a cold fusion expert.
After Cyclone was widely laughed at they issued a clarification saying, basically, they weren't going to follow any of their new consultant's advice, they just wanted to keep abreast of all energy developments. Regardless of how bogus the science might be.
Just like that PR where they quoted the cold fusion consultant saying how thrilled he was to be working with Cyclone, this new consultant offers a bunch of meaningless jargon:
"I am excited to participate in another potential micro-cap growth story, and I believe we can look forward to the opportunities on the horizon as we strive to launch these engines, integrate operational solutions and observe firsthand the demand side possibilities that can be realized with an efficient, all-fuel, low emission engine with excellent power/weight/optimization ratios."
The Company has contracted Flynn to assist in restructure of capital and debt instruments, manufacturing, and product launch initiatives.
Cyclone has partners in commercial solar micro-grids that have committed $1-5 million in preferred equity investment and in a cell phone tower and field support generator partner that has a thirty year history of installations with all cell phone carriers."
“We have added new staff and electrical engineers with extensive experience and knowledge to help us complete the arduous task of bringing an industry disruptor to the market.” commented Harry Schoell. We are finally making great progress now that we have the equipment and manpower necessary to complete the tasks at hand.