Also since Rossi had 400 days in which to carry on his demo and took only 350 of those days and given that IH was fully engaged and watching this whole time then it is quite absurd to suggest that the demo was terminated without consent and agreement of all parties…. That clearly suggests IH and Rossi were in agreement that success was in hand. The fact that IH then did not then abide by the agreement and pay Rossi the remaining $89 million is suddenly where the relationship has broken although as Rossi’s legal paper suggests IH was engaging in other breaches. I would guess Rossi was giving IH all the slack possible on the IP breaches as the $89 million would be an adequate salve to treat those wounds. This is simply a case of a game of real hard ball business, nothing unusual at all. Rossi is proving to be more of a genius in the business arena than in the engineering arena.
From: Craig Haynie [mailto:[email protected]] Sent: Thursday, April 7, 2016 6:50 PM To: [email protected] Subject: Re: [Vo]:Press Release - Cold Fusion (LENR) Verified - Inventor SuesIndustrial Heat, LLC. On 04/07/2016 09:36 PM, Jones Beene wrote: From: Craig Haynie * They also paid Rossi $10 million dollars, after validating that the device was working… Not exactly. The logical error is cause and effect. Yes, they paid the installment, but elsewhere they clearly state that "Industrial Heat has worked for over three years to substantiate the results claimed by Mr. Rossi from the E-Cat technology – all without success". Clearly IH never said or implied that the device worked, nor did they deny making the installment. Just to clarify, I am only reading the agreement to make this determination. I don't have any knowledge as to what actually occurred when IH paid Rossi the $10 million. Considering they now claim to be unable to substantiate the results, then this is certainly the prudent thing to do after a lawsuit has been filed against them. They also are reported to have had two observers during the past year, watching, and consulting with the ERV. If there had been a serious problem, one would think that they would have made some mention of it earlier. Isn't it also true that one of their observers has been making positive remarks during the past year, as well? The agreement says: "The Validation will be made in the factory of Leonardo within 120 Business Days following the date of this Agreement on a date mutually agreed to by the Company and Leonardo. "Validation" will be deemed successful and achieved when the expert responsible for such validation (ERV) certifies in writing that during a 24 hour test period the Plant consistently produces energy that is at least six times greater than the energy consumed by the Plant... and the temperature of the steam produced by the Plant is consistently 100 degrees Celsius or greater... At their respective elections, the Company and the Leonardo may have representatives present to observe the Validation process and discuss the testing and its results with the ERV." Craig
