Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Mark, I think he should have started his marketing campaign in a country with no internet connections. 2011/8/9 Mark Iverson zeropo...@charter.net Hi Steven... I've taken part in this aspect of a startup more than once. And it's just started for the E-Cat... No doubt there will be several more, but the bluff and posturing may never see the light of the public venue since Rossi has made it clear that he's holding nearly all the cards... He has shown that he has a low tolerance for excuses and bluffs... His attitude is, Either produce your side of the bargain or I'll select one of the hundreds of other lucky suitors! Defkalion went into the agreement with Rossi (or more accurately, his wife's company) without the capital needed, but they were betting that they could raise whatever was needed to meet certain financial requirements and timelines. Obviously, they failed to perform! One has to wonder if all the armchair critics and careless commentary about lies and failed demos, etc. has caused potential investors to hold off on promises to DGT... Are the comments here on vortex, and the criticisms on blogs on NyTeknik, Passerini, Rossi's Journal, etc, doing more damage than good, meaning, poisoning the well as far as the ability for DGT, or other entities, to raise the necessary $ to meet their contractual obligations? I hope Rossi has learned the lesson, and will only be making contracts with those who have plenty of liquid assets so they don't delay his schedule. -Mark -Original Message- From: OrionWorks - Steven V Johnson [mailto:svj.orionwo...@gmail.com] Sent: Monday, August 08, 2011 12:11 PM To: vortex-l@eskimo.com Subject: Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money? Thanks Andrea, It would appear that Mr. Iverson's assessment may have been pretty accurate. Put out [the money] or it's the hi-way. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Andrea Selva wrote: Mark, I think he should have started his marketing campaign in a country with no internet connections. Yes! - Jed
Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Andrea and Jed sez: Mark, I think he should have started his marketing campaign in a country with no internet connections. Yes! North Korea could really use the energy. Guess they could go out and sell a couple of missals to al qaeda. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Andrea Rossi August 8th, 2011 at 1:38 PM Dear Alessandro Casali: I repeat that the reason of the split from Defkalion has been only and exclusively financial. As for all the other issue: as all our Readers know, I always said that we would have been ready for the market from November only with the 1 MW plants, while for the small units more time was necessary, for many issues. In fact, we will start in October our 1 MW plant, and we will be ready to sell such plants from November, as I always said, while we will be ready for the small plants in due time. It is true that Defkalion, which is an entity indipendent form us, has repeatedly published that they were ready to make a mass production of E-Cats, they also said repeatedly and publicly that they were ready to invest hundreds od millions of Euros. I had no reason not to believe them. I could not know which kind of assets they had, so, theoretically, they could be able to make what they said, after getting from me the technology to make the core of the reactors. There was not reason not to believe. The problem emerged when, after we waited until the maximum possible term, we demanded that the financial duties be respected. At that point it emerged that the financial resources were not enough to go on. This is the sole real problem. There have not been technological problems (see the comment of their chief scientist Prof. Christos Stremmenos, published here few minutes ago), there have not been personal problems, at all, not counting the fact that I love Greece (by the way: to visit Greece in this season is like to go in Paradise), there have not been problems of delivery, I have already perfectly in schedule my 1 MW plant, while the production in big series of the E-Cats was not my duty ( by the way, I always said them that this policy was completely wrong, for the first 2 years, but they were free to do what they want in reece and Balkans); the only problem has been that they were delaying from months their financial duties, until it has not been possible to go ahead. Of course, since they have not respected what due, I did not give them any confidential information regarding the inside of the reactors. Warm Regards, A.R.
Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
At 12:01 PM 8/8/2011, Alan J Fletcher wrote: Andrea Rossi August 8th, 2011 at 1:38 PM the only problem has been that they were delaying from months their financial duties, until it has not been possible to go ahead. Of course, since they have not respected what due, Which contradicts Rossi's repeated statements that he would get nothing until the 1MW system was accepted. Maybe he required that the money was put in escrow ... so again, it could be not-a-lie. I did not give them any confidential information regarding the inside of the reactors. Again, he could have delivered cores. (messages are flying, so from your previous post: ) Rossi says Not one single test, of the many demonstrations of the E-Cat technology held around the world, has ever been done in Greece. That rules out using his Cores in government testing. I think we're asking too much -- expecting Rossi to be clear and consistent.
Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Thanks Andrea, It would appear that Mr. Iverson's assessment may have been pretty accurate. Put out [the money] or it's the hi-way. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
RE: [Vo]:The dream is over? Rossi - Defkalion ran out of money?
Hi Steven... I've taken part in this aspect of a startup more than once. And it's just started for the E-Cat... No doubt there will be several more, but the bluff and posturing may never see the light of the public venue since Rossi has made it clear that he's holding nearly all the cards... He has shown that he has a low tolerance for excuses and bluffs... His attitude is, Either produce your side of the bargain or I'll select one of the hundreds of other lucky suitors! Defkalion went into the agreement with Rossi (or more accurately, his wife's company) without the capital needed, but they were betting that they could raise whatever was needed to meet certain financial requirements and timelines. Obviously, they failed to perform! One has to wonder if all the armchair critics and careless commentary about lies and failed demos, etc. has caused potential investors to hold off on promises to DGT... Are the comments here on vortex, and the criticisms on blogs on NyTeknik, Passerini, Rossi's Journal, etc, doing more damage than good, meaning, poisoning the well as far as the ability for DGT, or other entities, to raise the necessary $ to meet their contractual obligations? I hope Rossi has learned the lesson, and will only be making contracts with those who have plenty of liquid assets so they don't delay his schedule. -Mark -Original Message- From: OrionWorks - Steven V Johnson [mailto:svj.orionwo...@gmail.com] Sent: Monday, August 08, 2011 12:11 PM To: vortex-l@eskimo.com Subject: Re: [Vo]:The dream is over? Rossi - Defkalion ran out of money? Thanks Andrea, It would appear that Mr. Iverson's assessment may have been pretty accurate. Put out [the money] or it's the hi-way. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
