OK, my apology - I thought the freewheel on the was made by Regina but it is actually made by Maeda Industries, LTD Suntour Perfect WE 5 speed. It looks very much like Regina and uses the same tool to get it out. I followed your instructions and still having hard time to turn it loose. I am not sure if it turns counter clockwise as usual to turn loose or clockwise. The bike is about 25 yrs old and I'm trying to get it cleaned up and so far all is cleaned except for the freewheel. I will greatly appreciate your advise and comments.

OK. Think about it. the chain pulls the freewheel cogs clockwise, and that tightens the freewheel. To loosen the freewheel, you have to turn it counter-clockwise.

The easiest way to remove the freewheel is to put the removal tool in a bench vise, engage the tool into the notches or splines in the freewheel, then secure the removal tool to the freewheel using the QR skewer as Sierra suggests (tight enough to keep the tool from slipping, but not too tight).

Then turn the wheel with your hands on the rim. The radius of the wheel gives you the leverage to loosen all but the mst stubborn freewheels. Turn the wheel just enough to break the freewheel loose, then remove the QR skewer and unscrew the freewheel.

Thanks, Stan. didn't even think about usnig the bench vise!

Partly because I enjoy designing my own gear ratio systems to suit my needs, I never worry about being OEM-correct with my gear tooth counts. For example, if I had a Paramount with the original 52-49 / 14-16-18-23-26 freewheel, I would not hesitate to change to 49-46 / 14-16-18-20-23-26 or 49-46 / 14-16-18-21-24-26 (my gearing on Capo #2) with an ultra-6 freewheel. I can't stand that original 18-23 gap right in my most-used gear range.