Agree totally. There was a discussion here a little while ago where a Cyclone booster whose "forte is engineering" claimed that hybrid steel-ceramic ball bearings were the solution to Cyclone's water lubrication woes. Notwithstanding the facts that Harry Schoell has been fooling with them for at least 10 years with no success and that a quick look at bearing manufacturer's design handbooks show such bearings big enough to survive the loads won't fit inside a Cyclone engine.
Not to mention the fact that a research center at Ohio State University, funded by Cyclone, concluded no known bearing will survive in a Cyclone engine.
When you spent more than 10 years and tens of millions and haven't been able to make a 5 hp engine run for 10 hours without self destructing, to take money from a customer, sign a contract to provide electricity for 10 years and announce in your SEC filings that within six months you'll deliver three working 1500 hp engines that will provide that power for 10 years can't be anything other than outright fraud.
E.g., even if Harry Schoell is completely senile and blathering such nonsense at the houseplants, there's also a President and a CFO who sign off, plus a Board of Directors whose duty is to shareholders and who are also responsible for corporate actions. Unless all these people were also total imbeciles, it would be obvious to them Harry's claims were delusional, and they wouldn't sign those contracts and SEC filings.
But they have.
And now instead of fulfilling their legal obligation to keep submitting financial reports, Frankie is choosing not to.
So yeah, just a gang of swindlers.
Sadly, white collar crime doesn't get prosecuted very often. Harry Schoell and Frankie Fruge will probably never end up in prison even though they continue to defraud investors.
News 
Market Data 
Discover 
