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

Re: ChuckFinley305 post# 26341

Thursday, 06/01/2017 2:39:28 PM

Thursday, June 01, 2017 2:39:28 PM

Post# of 28181
3R was that Danish promoter with the Chinese investor (who turned out to have no money). 3R folded and what they had went to Dubai.

The Combilift contract for the two Mark 5 engines say a $300,000 progress payment is to be made when the engines run 50 hours. That hasn't happened. The last news on the Mark 5 was a video from a couple years back showing the engine spinning with no load for about a minute. It also showed most of Harry's ingenious inventions had been stripped off the engine (and it still doesn't work...).

The Phoenix Power contract had a $150,000 progress payment for a WHE engine running under part load for 200 hours. This contract went to Q2Power, who ended engine development a year ago without this payment being made. Q2Power had sold one system to a company in Florida but it appears they defaulted without even having started building it. Q2Power has given this contract to Phoenix, and it looks like the Phoenix contract for WHE engines has finally been cancelled. Phoenix was the one that issued the million dollar purchase order a few years back.

The Dubai people (person?) have lifted a couple illustrations I made for the Wikipedia articles on the Mark 5 and the WHE. Those articles give the long history of Cyclone's promises then failures to deliver working engines. Make you wonder how that 24/7 testing is working out for them.

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.