I've seen in several places that there seems to be an extinction cycle on earth of approximately 27 million years. I've read this here:
http://www.dailymail.co.uk/sciencetech/article-1294372/Life-Earth-wiped-27-million-years.html
And also saw a similar explanation on Cosmos last week. Since the Earth is about 4.54 billion years old, that means there have been around 168 different extinction cycles. From what I understand, the Earth will either heat or freeze at extreme temperatures and then either cool or warm until water and life is a possibility again.
Given that this is correct (and definitely correct if I'm wrong, I'm eager to learn!), what are the chances there was a full civilization like ours that got completely wiped out in a different extinction cycle than ours? Is it possible or are there other factors in the history of our planet that would have prevented life from flourished to the point that we are in now?