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.
This is a hard sell even with a new web site, without the non functioning prototypes.
CYPW has One BILLION authorized shares!
Piecemaker the Video of the WHE is not running on wate heat it is running on fuel.
Cee-It ...Here is more information of a possible source of CYPW shares coming to market. This should not be a surprise we should all know about it. I am intentionally (at this time) not posting the web site where you can find this information . If you know about this it is not new information.
Question: Did you, or many posters, know about this?
Escrow and Leak-Out Agreement, dated July 17, 2007, by and between
the Company, Melissa K. Rice, Esq., as Escrow Agent, and the following
13 shareholders who agreed to place a total of 15,750,000 shares of
freely-trading common stock of the Company into escrow, to be delivered
to them in 36 equal monthly installments: Power Networks, Inc., Starr
Consulting, Inc., Dan Starczewski, MBA Investors, Ltd., RR Investment
Holdings, LLC, Institutional Funds, Inc., H.H. Investments LLC, Orlando
Hernandez, Diakonos Group, Inc., Bluewater Executive Capital, LLC,
Smart Recovery, LLC, Corporate Awareness Professionals, Inc., and
YT2K, Inc. The Company does not control the delivery or hold-back of
these shares, nor are any officers or directors of the Company part of the
shareholder group listed above. As of March 31, 2008, 28 months
remained on this Agreement and 12,250,000 shares were held in escrow.
Escrow and Leak-Out Agreement, dated January 2, 2008, by and between
the Company, Christopher M. Nelson, Esq., as Escrow Agent, and John J.
Hurley as shareholder who agreed to place a total of 1,653,630 shares of
freely-trading common stock of the Company into escrow, to be delivered
to him in six bi-monthly installments, and to limit the number of shares he
is able to sell on a daily basis. As of March 31, 2008, four of such
installments remained and 1,253,630 shares were held in escrow
As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock.
REMEDIAL READING 101
That sentence appears for the first time in the last filing in Note 9. That is my point. Your point is that it is not new information.
FYI...The original wording:
Conversion. The Series A Preferred Stock shall be convertible in
whole but not in part at the option of the holders of a majority of
the Series A Preferred Stock upon the first to occur of: (1) any
closing or closings of equity and/or debt financing which, in the
aggregate, equal or exceeds $5,000,000 in gross proceeds, or (2)
December 31, 2008. Notwithstanding the above, such conversion
shall automatically be deemed to have been effected immediately
prior to the Qualified Public Offering, and the person or persons in
whose name or names any certificate or certificates for shares of
Common Stock shall be issuable upon such conversion shall be
deemed to have become the holder or holders of record of the
Common Stock represented thereby at such time.
Upon any such conversion, the Series A Preferred Shares shall
convert into that number of fully paid and non-assessable shares of
Common Stock (calculated as to each conversion to the nearest
1/100th of a share) which would, together with the Common Stock
{1186464:2}
-3-
held by the owners of the Series A Preferred Stock as of the date of
the original issuance of the Series A Preferred Stock to the original
holders thereof, constitute a total of sixty percent (60%) of the
outstanding Common Stock on a fully-diluted basis.
Upon such conversion, each holder of Series A Preferred Shares
shall surrender such shares, accompanied by instruments of
transfer satisfactory to the Corporation and sufficient to transfer
the Series A Preferred Shares being converted to the Corporation
free of any adverse interest, at any of the offices or agencies
maintained for such purpose by the Corporation. As promptly as
practicable after the surrender of such Series A Preferred Shares as
aforesaid, the Corporation shall issue and shall deliver at such
office or agency to such holder, or on his written order, a
certificate or certificates for the number of full shares of Common
Stock issuable upon the conversion of such shares in accordance
with the provisions hereof, in proportion to their Common Stock
holdings as of the date of this Designation, and any fractional
interest in respect of a share of Common Stock arising upon such
conversion shall be settled in cash as provided below.
No fractional shares of Common Stock shall be issued upon any
conversion of the Series A Preferred Shares. Instead of any
fractional interest in a share of Common Stock which would
otherwise be deliverable upon the conversion of any Series A
Preferred Shares, the Corporation shall make an adjustment
therefor to the nearest 1/100th of a share in cash at the fair market
value of the Common Stock as determined in good faith by the
Board of Directors, as of the close of business on the business day
next preceding the day of conversion.
The Corporation will pay any and all documentary stamp or similar
issue or transfer taxes payable in respect of the issue or delivery of
shares of Common Stock on conversion of the Series A Preferred
Shares pursuant hereto; provided, however, that the Corporation
shall not be required to pay any tax which may be payable in
respect of any transfer involved in the issue or delivery of shares of
Common Stock in a name other than that of the holder of the
Series A Preferred Shares converted and no such issue or delivery
shall be made unless and until the person requesting such issue or
delivery had paid to the Corporation the amount of any such tax or
has established, to the satisfaction of the Corporation, that such tax
has been paid.
The Corporation covenants that all shares of Common Stock which
may be delivered upon conversion of the Series A Preferred Shares
will upon delivery be duly and validly issued and fully paid and
{1186464:2}
-4-
nonassessable, free of all liens and charges and not subject to any
preemptive rights. The number of shares of Common Stock
required to effect conversion of all Series A Preferred Shares at
any given time shall automatically be deemed to be reserved in a
quantity sufficient to effect such conversion, and the issuance of
shares of Common Stock upon conversion of Series A Preferred
Shares is authorized in all respects.
7. Status of Reacquired Series A Preferred Shares. Series A
Preferred Shares issued and reacquired by the Corporation
(including Series A Preferred Shares which have been converted
into shares of Common Stock) shall have the status of authorized
and unissued shares of Series A Preferred Shares undesignated as
to the series, subject to later issuance.
Piecemaker... You call that video a real product. I call it a real disappointment. The amount of energy put into that monstrous vibrating noisy contraption to get a 100 what light bulb to glow is a joke.
That video tells me that the Bent Glass installation is years away or probably never.
IMHO
------------------------
Cee-It ...That wording is not from their original filing after the reverse merger, that is from the last quarter filing. That aside, would you agree that Cyclone has raised an aggregate of $5,000,000 in equity or debt financing at this time in order for the conversion to be able to take place?
You can set up your i-hub site to indicate you don't want private messages.
------------------
KatmasterM ...The quality of a web-site has nothing to do with the quality of the company. It has do with the quality of the web-site maker.
I wonder why they no longer have pictures of the non-functioning prototypes?
IMHO
'Cee-It' ...I have read all their prior filings and I can not find anything that states the shares are convertible on March,31 2009. Could you be more specific as to what filling states that fact. I first noticed that info in a note in the late filling, last quarter.
I look forward to your response.
'Cee-It' ...It might be common, but the fact that the stockholders on this board and others didn't know about it speaks poorly of the transparency of this company.
In what specific way is this company doing better than most pinksheet companies?
--------------
KatmasterM ,,,Yes I have spoken to them in the past.
Cyclone spends a lot of money on Trade Shows, Press releases and web sites. (SALES) prototypes etc
Looks nice... After a quick look... IMHO
Does not show a running working product. (car, lawnmower, generator)
I did not see anything about independent tests.
If Cyclone had a working product it would be easier to sell the technology.
Cyclone spends a lot of money on Trade Shows, Press releases and web sites. (SALES)
Notice that they now list the convertible shares (Class A Preferred ).
Shares Outstanding:
86,877,706 Common (as of 3/31/09)
501,000 Preferred (as of 3/31/09)
We all know that the convertible shares represents an additional 46 million shares as of 3/31/09.
The anticipated excitement must have something to do with the volume today. WOW 26,747....26K WOW
grajekk...You don't need a Cyclone engine to use fuel made from algae.
now invest ...When people want a stock the price goes up. This stock has little volume and is not going up. The reason there are no large sellers is because there are no large buyers. IMHO
katmasterM...Many of us have bought on the stories and promisees of the PR's. The promisees of products like lawn mowers and generators and car engines that have not materialized . Some did not know the prototypes did not function. That is why the stock has not moved. IMHO
feinanddandy....Not true..your statement...Not true
"MOST Transfer Agents will not give out this information in MOST Companies.' NOT TRUE
7. The Supply IS Demand Axiom
I have seen several runs simply because a stock has a low share structure. A low supply creates demand. Know the share structure. On plays where the TA is gagged, plan to exit within hours of entering and play the momentum only unless you have STRONG and SOLID reason to believe the stock will go up. Call transfer agents. Learn what authorized shares, outstanding shares, and float mean. The share structure is the first thing I look for when making a new investment...it should be the first thing you look for too. If a company is not willing to be transparent in this area, you can bet there's a hundred other areas they're not willing to be transparent about. I have and continue to invest in plays where the transfer agents are gagged (unable to report to you what the current share structure is) but I don't plan to stay invested for long.
8. The Don't Click The Mouse Yet Axiom
Never buy a stock at the high of day after a significant run (good rule of thumb here may be 70-80%). Wait for a pullback. And while you're waiting, do some due diligence. Check the company's filings on pinksheets.com or otcbb.com. Read a few of their PRs. Check the history of the leadership there. Call the transfer agent (T/A) and ask for the share structure. And on stocks that are pulling back, buy at the bid. Remember that it takes both bid buyers and ask buyers to make a stock PPS go up.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30835203
I did say:
"This is purely speculation based on the trading pattern I observed."
That would be about a 514 lb difference in my example. How much space is needed for 20 gallons of gas as compared to 742 lb of wood and how much energy is needed to transport the heaver wood to locations where it can be used. Storing wood for periods of time can be problematic.(bugs, decay, moisture,etc)
Comparing wood and gasoline is not as straight forward as it appeared.
The problem with using wood as a fuel compared to gasoline is very basic.
1 pound of wood = 3,500 btu's
1 gallon of gasoline = 125,000 btu's
Therefor 714 lbs of wood would have the same btu's as 20 gallons of gas.
The weight and the storage space needed for wood does not make it suitable for many uses.
I believe wood would give off smoke even in a Cyclone engine.
-----
spell check last post: should have been "here"
------------
Did anyone observe the trading pattern today (Tuesday)? It indicated to me that possibly a large holder was selling. He may have just decided to sell on the news or is unlading a larger position. If this continues I predict the stock will be down today (Wednesday,). This is purely speculation based on the trading pattern I observed.
I was just wondering if anyone saw what I think I saw. I just think something was different. If I am right you can say you heard it hear first. If I am wrong you can say I have an agenda.
KatmasterM..I suppose you think moving along means the same as not moving at all or, "hanging in there". This stock has been in the low .20 for months.
You say,"What more could we ask?" We could ask to see a working product after all this time,(years); not just shinny red and black non-functioning prototypes. We could ask for independent test results. We could ask for transparency regarding the stock issued. We could ask why it is taking so long for a single product to reach the market. We could ask why Cyclone has not received any government funds to develop a green engine.
feinanddandy.You ask for proof, what exactly would you accept as proof. When I tell you something you call me a liar. I have my shares in an AMERITRADE account. Do you expect me to give you my password so you can check it on line. I told you I called the Transfer Agent. I was the first one to know he was not talking, is that not enough proof for you. Tell me what you want, a copy of my phone bill?
Why would I lie? How can I make money on a penny stock by making it go down.
You need to think about the 46 million shares not about me.
katmaster... I understand, you said:"All seems to be moving along steadily." you didn't say some things but not the stock price.
"All seems to be moving along steadily..katmaster"
Not true! The share price has not moved.
VistaViewer..The answer to what this is all about is in this document. If you can decipher it.
http://cyclonepower.com/PDF/Disclosure_Statement_Final_5-08.pdf
--------------------------------
dotell..I do not think the A shares are a defensive strategy because the A shares are not controlled by the company.
dotell..The directores have control:
The defensive strategy is the series B stock. The series B stock controls the votes, and is *owned only by Harry and Frankie .
I do not think it is a defensive strategy, because the owners of the Series A shares are not principles of the company, they have nothing to do with this company. They basically sold Cyclone their shell company and Cyclone paid them with Series A shares . IMHO
The filing states:
The Series A holders are the original equity holders of the LLLP.
*NOTE 9 – PREFERRED STOCK
Preferred stock consists of 500,000 Series A Convertible Preferred (“Series A”) and 1,000 Series B Preferred (“Series B”) shares. Series A shares are currently convertible into a number of common shares that, when combined with the 33 million common shares that the Series A holders held as of July 2, 2007, equal sixty percent (60%) of the then total issued and outstanding common shares. The Series A holders are the original equity holders of the LLLP. The conversion of the Series A shares will have the effect of diluting all other common stock shareholders. As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock. The Series B shares are majority voting shares and are held by senior management. Ownership of the Series B shares assures the holders thereof a 51% voting control over the common stock of the Company. The Series B shares are convertible on a one-for-one basis with the common stock in the instance the Company is merged or sold.
dotell..Does this post answer your question?
"Thanks for your reply but you've not answered my question. Is this a defensive strategy? or not? Or, put yourself in the place of the directors - why do you think this condition exists?"
* found in another filing
http://cyclonepower.com/PDF/Disclosure_Statement_Final_5-08.pdf
dotell..I welcome your discussion about the 46 million shares:
The effect of the pending conversion will put pressure on the share price regardless of when the conversion actually takes place. IMHO
The statement from the Cyclone filing:
*NOTE 9 – PREFERRED STOCK
Preferred stock consists of 500,000 Series A Convertible Preferred (“Series A”) and 1,000 Series B Preferred (“Series B”) shares. Series A shares are currently convertible into a number of common shares that, when combined with the 33 million common shares that the Series A holders held as of July 2, 2007, equal sixty percent (60%) of the then total issued and outstanding common shares. The Series A holders are the original equity holders of the LLLP. The conversion of the Series A shares will have the effect of diluting all other common stock shareholders. As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock. The Series B shares are majority voting shares and are held by senior management. Ownership of the Series B shares assures the holders thereof a 51% voting control over the common stock of the Company. The Series B shares are convertible on a one-for-one basis with the common stock in the instance the Company is merged or sold.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cypw
'feinanddandy...This board is about Cyclone the company and your post speaks only of Me (Arnold). You should be talking about the 46 million shares you just found out about. That would be why this is called an investment board.
Reply To: A message worth remembering.
Posted by: Cee-It Date: Friday, April 17, 2009 10:31:36 AM
In reply to: KatmasterM who wrote msg# 15274 Post # of 15973
I seldom agree with Arnold. However, it is absolutely a valid point that investors would be wise to sell once their restrictions are removed and buy-back more restricted shares. No investor would be wiser to just buy more restricted shares and hold those they already have.
Now, I'm advocating that the company needs to keep investors more up to date with information about shares issued and about financial conditions.
Until they do that, they are inviting criticism and speculation.
I've advocated to the SEC dozens of times that the public has an absolute right to know about the absolutely current status of all publicly traded shares. This is the information era and such information can and MUST be made available on an up-to-date basis. Anything else supports the continuing practice of deception and insider advantageous positions and practices.
GLTA - I'm heavily invested in this company and I believe in their management. However, I'd still like to see them take a more responsive and responsible position towards informing their shareholders about their finances and their issued shares.
feinanddandy..The problem you have is you continue to focus on me (Arnold). What I own, or who I spoke to, or what I said. The point is you are focusing on the messenger not the message.
You need to focus on:
1. non functioning prototypes,
2. financing issues,
3. the number of issued shares,
4. the stock, price,
5. the PP price,
6. the 46 million shares from conversion of series A shares,
8. the agreements with home office companies,
9. the failing to meet installation times (bent glass),
10. licensees not producing products,
11. no independent test results
12. ETC.ETC.
Again:The point is you are focusing on the messenger not the message.
feinanddandy...I am still patiently waiting for proof that you called the Transfer Agent, as you stated you did call.
What reason was given for the quarterly report being filed late?
Looks like Cyclone had 46 million reasons to file late. The CEO letter failed to mention one reason.
Interesting to say the least.
feinanddandy..."If you would, please enlighten the board as to how many shares of CYPW *you "OWN" currently, and if they are Private Placement, or regular day to day shares."
Please call the Transfer agent on Monday and find out how many shares of Cyclone have been issued? THAT IS THE REAL QUESTION !!!!
* feinanddandy
Future home of Cytogenix:
LORTAP, yes I agree. "Who here doesn't know about the millions of shares now in the cue?
Someone at the company should be forthcoming and let us know if they are about to sell us to a penny or below.
that's all...!"
The Series A shares were convertible into approximately 46 million shares of common stock.
The QUARTERLY REPORT states the outstanding shares are,COMMON STOCK... SERIES A CONVERTIBLE PREFERRED STOCK,and SERIES B PREFERRED STOCK...(Item 2, Shares Outstanding....page 1 and 2)
___________________
COMMON STOCK 86,877,706
SERIES A CONVERTIBLE PREFERRED STOCK 500,000
*As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock. (NOTE 9 page 15)
SERIES B PREFERRED STOCK 1,000
*NOTE 9 – PREFERRED STOCK
Preferred stock consists of 500,000 Series A Convertible Preferred (“Series A”) and 1,000 Series B Preferred (“Series B”) shares. Series A shares are currently convertible into a number of common shares that, when combined with the 33 million common shares that the Series A holders held as of July 2, 2007, equal sixty percent (60%) of the then total issued and outstanding common shares. The Series A holders are the original equity holders of the LLLP. The conversion of the Series A shares will have the effect of diluting all other common stock shareholders. As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock. The Series B shares are majority voting shares and are held by senior management. Ownership of the Series B shares assures the holders thereof a 51% voting control over the common stock of the Company. The Series B shares are convertible on a one-for-one basis with the common stock in the instance the Company is merged or sold.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cypw
click on filings, click on quarterly report, open
This company, without products, has to have some real revenue or it is back to the teens. IMHO
I guess there are some sellers that are just sitting at .20 selling shares..
Historical Prices
Date Open High Low Close Volume Adj
Close
2009/05/29... 0.20 0.21 0.17 0.19 136,265... 0.19
2009/05/28... 0.20 0.20 0.18 0.19 172,936... 0.19
I do own shares in CYPW and have owned them for a long time. I have contacted the company many times.
I never said I didn't own shares, and I said I did contact the company. That is all conjecture by posters .
I also called the Transfer Agent. That is how I knew he was not talking.
This is the point I was making Cyclone did not receive $550,000
"Cyclone will initially receive $550,000 in development fees" CYCLONE HAS NOT RECIEVED $550,000! THey say they received $150,000.
"Our license with Renovalia provides them with worldwide rights to manufacture and use Cyclone Engines with their solar thermal solutions. Currently, we are developing with Renovalia a compact heat-regenerative engine (called Cyclone Solar I) to be coupled with their concentrating systems. For this, Cyclone will initially receive $550,000 in development fees over the following six to nine months as our work progresses (the first payment of $150,000 was delivered in Q2), and then on-going royalties on each Cyclone Solar I engine produced by Renovalia."
____________
Posted by: VistaViewer Date: Tuesday, June 09, 2009 11:29:21 AM
In reply to: feinanddandy who wrote msg# 15917 Post # of 15932
Yeah, who needs a problem like receiving $550,000.00?
That's terrible!
VV
_________________
As for trusting management, if you read the CEO's letter he told us about the 46 million shares when he said.* "Additional financial
information can be found in our Quarterly Report filed on www.pinksheets.com."
One of the most prevalent approaches that R&D companies take is to omit the bad and exaggerate the good.
29tango...I didn't say they were the same, but the companies do the same thing ,"waste heat recovery".
dotell ,ctb.....Check the facts yourself. I gave you the websites .
The facts can be checked, they are true.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cypw
http://www.masshightech.com/stories/2009/05/25/weekly7-Startup-turns-waste-heat-into-industrial-power.html
http://www.wasteheatrecovery.com/
Have a great day. I will be out for the day.
Arnold
"There are no absolutes!" would seem to be an absolute statement.
Waste Heat Recovery..This is not the company in the Cyclone Press Release
www.WasteHeatRecovery.com
http://www.wasteheatrecovery.com/
feinanddandy..Lets us all be as clear as we can, I am not posting lies. The only money that can be counted as received appears on the Sec filings and that number last quarter was 45k *(44,937). The numbers you are talking about are conjecture by the company. The CEO letter states it depends on progress being made. We do not know how much progress has to be made in order to get the additional money.
Piecemaker, You are exactly right when you say, "WHR's deal is based on progress, too. We are not going to pay for something that has not progressed to the point we can use it." The point is that the PR's are IMHO intentionally misleading, they continue to imply that they have reached the point were you can use the technology and the fact is you can not.
Piecemaker, as for you putting your professional career at risk. You state that you are a professional actor** and it appears that this is your only venture in this type of business.
The facts can be checked, they are true.
*page 9 quarterly report Mar 31, 2009
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cypw
**“We’re turning a waste product into a resource,” said co-founder and COO Carl Mueller, whose career history ranges from developing commercial and residential real estate to being an actor, director and producer (he appeared on “All My Children” and “One Life To Live” in the 1980s and 1990s).
http://www.masshightech.com/stories/2009/05/25/weekly7-Startup-turns-waste-heat-into-industrial-power.html
Its not what Harry said that is troubling it is what Harry didn't say that is a problem.
I read that and Cyclone will receive the money if progress is made.
CEO Letter:
development fees over the following six to nine months as our work progresses .
No progress equals No money.
CYPW: history
'now invest' ...I never said it is not a good thing for management to have control, after all it worked out very well with GM and Chrysler. As for trusting management, if you read the CEO's letter he told us about the 46 million shares when he said.* "Additional financial
information can be found in our Quarterly Report filed on www.pinksheets.com."
One of the most prevalent approaches that R&D companies take is to omit the bad and exaggerate the good.
*Update Letter to Shareholders:
http://pinksheets.com/pink/quote/quote.jsp?symbol=cypw
We now know 46 million reasons why the Transfer Agent would not talk to the share holders and why the quarterly report was late. The series A stock being able to be converted to 46 million shares of common stock on March 31,2009 was not something the stockholders were aware of.
I believe if you own the stock (series A) you can convert it anytime now, by contacting the Transfer Agent and doing the paper work. You can do anything you want with it, sell it on the exchange or use it as payment for goods and services, etc.
CYPW now basically has 133 million shares issued or outstanding as of March 31,2009.
'Piecemaker...The information for the post was found on page 15 of:
CYCLONE POWER TECHNOLOGIES, INC.
SECTION ONE: ISSUER’S INITIAL DISCLOSURE OBLIGATIONS
http://cyclonepower.com/PDF/Disclosure_Statement_Final_5-08.pdf
The Series B Preferred is held by the Company’s executive
management and founders – Mr. Schoell and Ms. Fruge. The
Series B Preferred is a super-majority stock, whereby its holders
collectively will be able to cast votes equal to 51% of all shares of
Common Stock issued and outstanding and able to vote in matters
brought before the shareholders of the Company. The Series B
Preferred, in essence, provides the Company’s executive
management with control over the voting matters brought before
the shareholders of the Company, and could serve to delay, defer
or prevent a change in control of the Company. In the instance of
a liquidating event – winding-up, merger or acquisition of the
Company, the shares of Series B Preferred will convert to Common
Stock on a one-for-one basis.
cbt.. I am sure now that I brought the 46 million share conversion of the Series A stock to your attention. "Those of us who actually have money in this will definitely keep an eye out." I wonder who the people are that own the shares, and why would anyone keep 46 million shares of one pink sheet company? They now have many more shares than the CEO.
How can we be certain it hasn't already taken place? The quarterly report has already notified us by saying:
"The conversion of the Series A shares will have the effect of diluting all other common stock shareholders. As of March 31, 2009, the Series A shares were convertible into approximately 46 million shares of common stock."
LORTAP KCOTS..VistaViewer .. If the converting of "SERIES A CONVERTIBLE PREFERRED STOCK" to common shares is considered a material event a form 8-k has to be filed.
Than again Cyclone is listed as a non-reporting pink sheet stock, so who knows if it will ever be reported?