Although it is interesting to watch the contortions and convolutions Cyclone goes through in explaining their actions. Very creative, I have to admit, even though consistency and plausibility are very much lacking.
Just the gall of their "business plan" of selling licenses for their patented "technology" without even having attempted to build one working engine shows that selling snake oil was always part of the game.
They put together that Board of Advisors with every reputable person in the field and promoted that heavily. There was only one meeting of the Board, ever, and that was just a wine-and-dine deal to make the advisors feel good. They never asked for or accepted any advice from the Board. One of the advisors they promoted most heavily, a fellow named Jim Crank, has taken to calling them "Delusions-R-Us" and stating that they fake test results.
In 2012, after promising Chuk Williams an engine for his land speed record car and failing to deliver anything, they paid a lot of shareholder money to have that new car built and promised to set astounding new records before the end of the year.
Harry Schoell still found some respect on the steam car board back then and kept coming up with excuses for delays. A big one was they had to "fine tune" the engine settings. He promised dyno test results, then welshed.
Of course, in 2011 he had told shareholders that all the technological problems had been "overcome".
Two years ago Frankie promised on Facebook that the FSDS generator set was going to be tested by FSDS engineers and the full test results published. They even rented an electrical load bank, obviously for the first time, to take real measurements of engine output. There's no question the testing was done. Or at least whatever testing could be done before the engine self-destructed. But no results reported. You just know it must have been really embarrassing for them to welsh on this one too.
Frankie put in the annual reports for three years that Mark 1 engines have been undergoing field testing by customers. (Probably at the bottom of Biscayne Bay at the end of anchor ropes.)
And Cyclone has still never had an engine run under load for 10 hours without self-destructing.
But fear not, all Cyclone's problems are due only to posters on this board.
Yes, in spite of the Cabal and various other moneyed interests determined to suppress their wonderful technology, Cyclone is fighting the David and Goliath battle on behalf of the little people.
With actual cash spent between $25 and 30 million, plus another $35 or so million in derivative losses borne by investors, Cyclone has made fantastic progress in a mere 14 years.
To hear Frankie tell it, anyway.
Of course, she is also the one telling their Facebook friends that Ford and GM require $250 million to make a "small change" on a 100 year old internal combustion engine design. I.e., Cyclone's President says don't expect any successful product out of Cyclone unless they get at least another $200 million in new investment.
Well, that's sort-of honest. Yes, Cyclone certainly will not come up with a marketable engine if they get less than $200 million in new investment. Of course, they certainly will not come up with a marketable engine if they get over $200 million either. Harry Schoell will make certain of that.
So, by Frankie's reasoning Cyclone will not come up with a working engine. And three 1500 hp working engines will be ready for delivery to a customer by the end of next month.
Sure, why not?
But Frankie is still working the scam. She has obviously been lying to people about the success of water lubrication and how hybrid ceramic-steel ball bearings will solve all the bearing failure problems. We even had one of her victims here recently repeating the blather and being totally unable to point to any objective evidence that these hybrid bearings have any chance inside a Cyclone engine.
If the Q3 report comes out it will say how much new money they've gotten of that $5 million from the Secret Investor for meeting milestones. Between the end of Q2 (June 30) and the issue of the Q2 report (August 31) they earned $10,000 in progress payments. If that rate continues, they'll get the whole $5 million by about March 1 of the year 2102. Maybe they'll have a working engine by then.
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