According to a newspaper article last year sometime Steorn received a few million more Euros investment from their shareholders and other investors in the company. They don't seem to have any issue with funding, especially as they seem to be close to the finishing line at long last.
The Orbo PowerCube is approx 9cm x 9cm, has no moving parts and can trickle charge mobile phones and the like from a single USB port on the device. They have recently been floating packaging ideas around and had also hired brand and internet consultants who are the ones I believe who came up with the new logo, so I think we could be seeing the first product hit the market by the end of the year - maybe a lot sooner.
See one of my reports on this:
http://freeenergy.news/steorn/pub-launch-for-steorns-orbo-powercube/
See one of my reports on this:
http://freeenergy.news/steorn/pub-launch-for-steorns-orbo-powercube/
Craig
-------- Original Message --------
Subject: Re: [Vo]:STEORN in the news again:
From: Analog Fan <analogit...@yahoo.com>
Date: Wed, September 16, 2015 11:25 am
To: "vortex-l@eskimo.com" <vortex-l@eskimo.com>
On Friday, September 11, 2015 2:59 PM, Orionworks - Steven Vincent Johnson <orionwo...@charter.net> wrote:
>What I find interesting is that throughout all of these years the company apparently hasn't gone belly up. Despite all of its prior... how should I say this... spectacular failures, how is it possible for Steorn to continue to stay afloat?
Steorn raised at least ten million euros from investors. According to http://moletrap.co.uk/forum/, Steorn's investors are primarily Irish farmers, not known for their physics knowledge. This is supported by documents e.g. http://www.scribd.com/doc/52869096/Steorn-B10-20110411 where three directors named to the board list their occupation as 'farmer'.
Gullible investors can sustain a company for many years (cf Rossi, BLP, EEstor, Rohner et al)
>What comes next? Can somebody please pass the popcorn my way?
I am sure those farmers aren't passing any popcorn.
