The Cyclone Mark 5 Engine was Popular Science Invention of the Year for 2008, but Cyclone didn't start to build the first two real Mark 5 engines until Phoenix Power placed their order on July 30, 2009.
Notice that during all the claims about the engine, he never once says any are predictions.
Even though the Mark 5 won this and other awards, it has yet to be seen powering anything.
Another thing to note in that video is to look around the background. This is the Schoell Marine building and it is filled with boats and boat stuff. Cyclone (and, really, Cyclone investors) were paying dearly to lease the entire building from Schoell Marine, yet almost all the space continued to be used by Schoell Marine.
I'll bet a lot of Schoell Marine workers were paid by Cyclone over the years as well. That's the only way this R&D-only company could have spent twice as much on General & Administrative expenses as on R&D.
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.