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Are you aware of the time and money spent by Raytheon Integrated Defense Systems evaluating this engine.
They apparently didn't find anything useful to develop, any arrangements Cyclone had with Raytheon are now dead.
Cyclone has as much a chance of being successful as Rumpelstiltskin has of turning straw into gold.
Yes, it is true they are selling stock to pay for everything, even to pay the lawyers to defend them in the lawsuits that have resulted.
Let's not ignore the facts. 11 years and 56 million dollars have been spent, the results show that not a single marketable product has been produced. The company has sold BILLIONS of shares and the stock is now a sub penny @ .0002.
The reason Cyclone if putting so much effort into producing SEC filings, is so they can sell more stock.
It has been proven over and over again that this company makes fraudulent statements about producing products and is now involved in numerous lawsuits.( not paying their bills)
The simple fact is that a water lubricated Cyclone engine does not work and this is now clearly a fraud.
Not legit
le·git
li'jit/Submit
adjective informal
legal; conforming to the rules.
"is this car legit?"
(of a person) not engaging in illegal activity or attempting to deceive; honest.
"to see if he's legit, I call up the business"
When will Harry get back from Denmark ?
August 31, 2017
Our manufacturers and integrators are working to get this into production in the coming months. Harry Schoell, CTO and Chairman, will be going to Denmark, the FSDS headquarters, this month to assist them with bringing the Military APU unit to the next stage which is a fully working field unit ready for mass production meeting military specifications.
http://cyclonepower.com/cyclone-power-technologies-to-issue-correction-on-financial-reports-to-its-authorized-shares-and-expansion-and-update/
Talking bankruptcy in 10Q
If additional funds cannot be raised or otherwise generated, the Company may be forced to reduce staff, minimize its research and development activities, or in a worst-case scenario, shut-down operations.....bankruptcy
ITEM 1. LEGAL PROCEEDINGS
Effective May 8, 2015, the Company is subject to a default judgment of approximately $175,000 plus default interest for non-payment of convertible debt and interest. The Company is seeking to negotiate a reduced settlement.
In August 2015, the Company is subject to litigation of approximately $150,000 plus default interest for non- payment of a liability. The Company has arranged a settlement.
Effective October 13, 2017 the Company was subject to a summary judgment of $ 37,278 plus attorney fees for
non-payment of 3 capitalized leases from Marlin Buesinee Bank. This amount includes $11,379 of past due lease payments, accelerated lease payments, and late charges and other fees.
In the third quarter of 2017 the company recognized a summary judgment of $7,266 plus accrued interest for non-payment of a capitalized lease from Navitas Lease Corp. This amount is including $4,177 of past due lease payments, accelerated lease payments, interest expense, and late charges and other fees.
10q ….
NOTE 17 – LlTIGATION
Effective May 8, 2015, the Company is subject to a default judgment of approximately $175,000, plus subsequent penalty interest for non-payment of convertible debt and interest. Tonaquint Inc. filed and received a judgment and the Company is negotiating a reduced settlement. As of September 30, 2017, outstanding interest, default interest and default judgment penalties are included in accrued liabilities.
The Company is subject to litigation of approximately $150,000, plus subsequent penalty interest for non-payment of a liability. JSJ filed and received a judgment and the Company has arranged a settlement. As of September 30, 2017, outstanding interest, default interest and default judgment penalties are included in accrued liabilities.
Effective October 13, 2017 the Company was subject to a summary judgement of $ 37,278 plus attorney fees for nonpayment of 3 capitalized leases from Marlin Buesinee Bank. This amount includes $11,379 of past due lease payments, accelerated lease payments, late charges and other fees. The $37,278 has been reflected in accrued liabilities with an appropriate reduction of capitalized lease liability.
In the third quarter of 2017 the company recognized a summary judgment of $7,266 plus accrued interest for non-payment of a capitalized lease from Navitas Lease Corp. This amount is including $4,177 of past due lease payments, accelerated lease payments, interest expense, late charges and other fees. The $7,266 has been reflected in accrued liabilities with an appropriate reduction of capitalized lease liability.
If there is no revenues or gross profit why can't Cyclone file SEC reports?
ANSWER
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.
Why would Cyclone file the FORM NT 10-Q
(Notification that Quarterly Report will be submitted late) when they have never filed the quarterly at all. It has been over a month and a half, and nothing filed.
PART III. NARRATIVE
The Company is unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2017 by the prescribed date without unreasonable
effort or expense because the Company’s financial review with its auditors is in process and has not been completed. The Company believes that the Quarterly
Report will be completed within the five day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934.
TEST FAILED
Quote: "Unfortunately we did not achieve the improvements we had hoped for. Analyzing the data recorded from this last test batch we believe we have a more fundamental issue with our burner/boiler which was originally designed to solely heat water."
IBES -WILL NOT WORK-LOL
Update #8, December 2017
We have run another batch of tests in late November and early December, using different configuration of the two new HX coils designed after last testing period. These were installed in the expanded boiler chamber. Unfortunately we did not achieve the improvements we had hoped for. Analyzing the data recorded from this last test batch we believe we have a more fundamental issue with our burner/boiler which was originally designed to solely heat water. We have also realized that we will need more expertise related to heat exchangers, steam generation and energy conversion in general than we have access to here in Dubai today. And we need these resources on-site when and where we are testing the prototype. So far we have flown in the expertise to Dubai for short visits. Not only has this cost us money, it is also very inefficient in terms of making progress.
We are contemplating different ways forward but it is clear we need more expertise to be available and be able to work directly together. We do not have this here in Dubai so one option is to continue somewhere where this expertise exists. The most apparent option for us is Europe, or more specifically Denmark where our largest owner is located. There, biomass knowledge and expertise is readily available from private sector as well as a number universities that have focused on renewables and biomass. The IBES board will be discussing this in the weeks to come and we hope to have a final plan for the way forward by early next year.
This is, understandably, not how we wanted to end the year. That said, the entire team still believes in the concept and are committed to take it to its conclusion. It will just take longer than we had anticipated. We will post an update when we know what our next step is. The IBES team wish all our followers a Merry Christmas and a Happy New Year.
Schedule for the next three months
The IBES Board of Directors will be discussing the options and formulate a plan forward in the next few weeks. If you would like additional information, we can be contacted via email or phone (see Contact page)
"I don't know who's more incompetent, Harry Schoell, the CTO who can't make a working steam engine, or Frankie Fruge, the President and former Ernst&Ernst auditor who can't cut and paste a 10Q within two months of the quarter's end. With the help of a CFO and two business consultants. "
Anybody care? The SEC is reporting the CYPW company filings as Delinquent.
CYPW reporting status delinquent.
Common Stock SEC Reporting - Delinquent.
10Q not filed.
Chart showing .0001 trade. LOL
Date Price Change Change (%) Low High Volume
Nov 16 2017 0.0003 0.00 +0.00% 0.0001999 0.0003 11,489,921
Nov 15 2017 0.0003 0.0001001 +50.08% 0.00019 0.0003 9,595,619
Nov 14 2017 0.0001999 0.00 +0.00% 0.0001 0.0001999 33,730,556
N
You show me the daily chart that shows the number of shares traded at .0001. WE do agree that the stock has traded at .0001.
Tuesday, 11/14/17
0.0001 -0.0001 (-50.00%)
Volume: 29,780,556 @ 2:22:35 PM EST ET
LOl, many millions of shares have traded at .0001 this week.
Period † Open High Low VWAP Min Vol Max Vol Avg. Daily Vol [m] Change %
1 Week 0.0002 0.0003 0.0001 0.0002 10M 104M 48M 0.0001 50.00%
IBES latest news letter is out. The company has tried 32 heat exchangers and 3 coils and now working on still another heat exchanger. At this point in time they have no idea how long a water lubricated cyclone engine can run.
0.0001 -0.0001 (-50.00%)
Volume: 29,780,556 @ 2:22:35 PM EST ET
Buddy, great job on the intro. I'm sure Creston would aprove.
Hey Buddy, if you click on Creston's name you will see why he has not updated the a/s shares.
It appears that Cyclone notified the state of Florida that the authorized shares have been increased to 6 billion but have not notified the SEC. as would be requiered. The last filing with the SEC is a correction lowering the a/s from 8 to 4 billion shares. Buddy, any idea what this is all about?
x-ray and the 25 million shares on the ask are also building up.
BOBBY LOOK AT POST #26558.. IT LOOKS LIKE THEY CHANGED THE A/S AGAIN
Amended Annual Report (10-k/a)
Date : 09/11/2017 4 billion authorized shares
10/16/17 Amendment 6 billion authorized shares
Trading at 0.0002….. NEW LOW???
Hi Bobby, what ever happened to that, "Ides of March poster". I think his name was doctor J ?
How many shares has this company authorized ?
YOU CAN POST WHILE IN JAIL
read Jailhouse post # 93552
You can post and be suspended or banned!
Jailhouse post # 93552)
Churak: No big deal. Take your laptop to the library or the coffee shop, use the wireless connection and the rest of the process is a few keystrokes and a cup of coffee.
You don't need to buy a computer the library lets you use them, it's free.You could go to your mother in law or a friends house and use their computer.
If your in the Jailhouse and you want to post.
Answer: Use a different computer at a different location and join I-hub with a new poster name and new e-mail address.
Sent By: arnold To: IH Admin [Matt] Date:10/23/2009 8:35:25 PM
What do I need to do, or can I do now, to have the ban removed?
Arnold
P.S.
CYPW board
Answer: Use a different computer at a different location and join I-hub with a new poster name and new e-mail address.
Thank you for your help!
ddabetsmallwinbig...If we can convert sun directly into steam energy why do we need algae?
This might work.
I believe that original oil has a process of getting the Oil/energy out of the algae. But if the source of algae is the waste energy of a factory it will be getting back the energy that has been supplied to the factory.
The only way I see algae as a fuel is if it can be produced in quantities with a net gain in energy. The net gain in energy has to be energy supplied to the algae by the sun.
If the algae is getting its energy by using red and blue lights pulsed at the proper wavelength. Where is the gain in energy for the OriginOil process coming from?
It is called the law of conservation of energy.
How will they get the waste heat and CO2 produced by a factory into the OriginOil process?
Question:
Is OriginOil,Inc involved in the algae culture production?
Biomass is the term used to describe all the organic matter, produced by photosynthesis that exists on the earth’s surface. The source of all energy in biomass is the sun, the biomass acting as a kind of chemical energy store.
goodfree...This is my understanding.
Algae does not burn. It is the oil extracted from the algae that is burned in the Cyclone steam engine as well as in the diesel engine.
The term cracking is used in the fossils fuel oil refining process not the bio algae fuel process.
The diesel engine has a track record the Cyclone steam engine has not even been used in a test vehicle.