InvestorsHub Logo
Followers 9
Posts 729
Boards Moderated 0
Alias Born 05/06/2014

Re: Tom Swift post# 25734

Tuesday, 01/12/2016 5:37:32 PM

Tuesday, January 12, 2016 5:37:32 PM

Post# of 28183
Actually, Edison was far more clever than that quote gives him credit for. (The source of the quote itself is listed as disputed at Wikiquotes.)

People were inventing light bulbs for 20 years before Edison looked at them. He played with some for a bit then put it all away for a year. Then he did his thousand filament experiments and we think he invented the light bulb. He didn't invent the light bulb, but he did invent almost the entire rest of the commercially practical electrical system. Hence all the "Edison" power companies out there.

The deal was that prior bulbs were all low-resistance/high-current. The bulb doesn't care, but the power company would need generators that could handle enormous current, as would the power company's distribution system. No one could afford the copper to do that.

After playing for a bit, Edison put it all away and thought about how to make a light bulb pay. One of his notebooks is nothing but economic evaluations.

He decided high impedance generators were needed, and doubled generator efficiency in one step. He invented fuses so customers' houses didn't burn down. He even invented an energy meter so he could charge customers for the power they used. And a bunch of other parts needed for a commercially successful system.

All he needed to make commercial electric lighting work was a high-resistance/low-current light bulb. That's when the thousand filaments were tested. Once he proved that last piece of the puzzle worked, then he started selling stock. And everybody made lots of money.

He also did public demonstrations of a whole street and houses with electric lighting before selling stock to investors.

At Cyclone, on the other hand, there have been many non-functional mock-ups of envisioned engines built and shown at trade shows, a number of licensing deals signed, stock sold on the claim of a whole family of market-ready products, continuous predictions of production in the next six months, a custom speedboat to break the steam water speed record, two race cars to break the steam land speed record, a continuous stream of PRs announcing great things, and not one working engine demonstrated publicly.

Harry Schoell has no idea what he is doing, does not understand why his "ingenious invention" doesn't work and has about as much chance of making the engine work now as those monkeys.

Remember Note 2 of the Q3 2013 10Q (the last financial report filed): The cumulative deficit since inception is approximately $ 53.3 million. Quite a lot of other peoples' money gone with nothing to show but lots of steam engines that don't work, don't you think?
Join InvestorsHub

Join the InvestorsHub Community

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.