There is still some value in the shell. But even so, Cyclone had 5 billion shares issued two years ago and there was still a lot of dilution after that. If someone bought 70 million shares, that would be about 1% of the outstanding.
Chris Nelson is making a comfortable living with the shell he bought after leaving Cyclone, at about a quarter million a year for peddling stock. First it was Q2Power that was going to build waste heat steam engines. When the suckers for that ran out the company became Q2Earth that was going to corner the market for compost. Suckers for that ran out and the company is now QSam which has licensed a cancer drug that is just starting the FDA approval process.
Just like Cyclone with "Board of Technical Advisors" that only ever met once, QSam has a dream team of pharmaceutical people listed. We know two are pulling down big money for little or no work. They haven't said what the rest are paid.
The drug itself hasn't yet started the Phase 1 clinical trial. If that goes well, then they need to do a Phase 2 trial, than a Phase 3 trial. Best case scenario is they can begin selling the drug in about 10 years.
Meanwhile, the clinical trials are done by doctors in hospitals independent of this company. Other than selling stock, I can't find any work that Chris Nelson or the others can actually do in the business until they can start selling this drug, maybe starting in 2030.
So I'm kind of surprised that Harry and Frankie aren't renting out the shell for another scam, or selling it outright. They certainly aren't putting any effort into continuing the steam engine swindle.
