Somebody was posting on this board a while ago with details on how the after-hours trades were being performed. Basically it was MMs pushing stock back and forth. The trades at 0.000098 had that two millionths of a dollar per share subtracted as the trading cost.
Cyclone used to pay stock promoters to tout CYPW in their newsletters. I'll bet lately they have been paying MMs to churn the stock to make it look like there's investment in Cyclone.
Typical of the long term pattern:
- Stick plastic cookware together, call it an engine and make great claims about the "engine's" performance.
- Create a "Board of Advisors" made up of people with solid credentials, then never ask their advice.
- Tout awards from magazines that were obtained by actively misleading them into thinking a working engine existed.
- Pay hundreds of thousands for patents on ideas that haven't even been tried, let alone shown to work, and use them as "proof" that the Cyclone engine works.
- Build expensive, shiny yellow objects and make lots of announcements of how speed records are going to be set, without having anything like a working engine.
- Hold an investors' open house with slick Powerpoint graphics and state all the technological problems had been "overcome".
- Put out a PR about a Secret Investor who will be buying 20% of the company for about 100 times its market value.
... Basically, all part of one big confidence scam.
I'll bet if this annual report is filed that it will continue claiming 10 engines are being tested at customers' sites and that they are turning away offers of sponsorship and even purchase of the land speed record car.
Same old, same old.
