Hey, I do believe that article has a full explanation of the Steorn
phenomenon in it.
OrionWorks wrote:
Another little tid-bit of STEORN news, for those who remain curious:
See:
http://www.tribune.ie/article/2008/aug/10/free-energy-firm-generated-8m-in-funding/
" Its most recent accounts for that year also reveal that
it had accumulated losses of €5.9m by that year, but
continued to pay out hundreds of thousands of euro in
remuneration to its two directors."
" Seán McCarthy and Michael Daly, shared over €350,000
in remuneration in 2006."
Salary paid to the directors isn't recoupable if and when the company
finally goes bust for lack of additional bricks to shore up the pyramid.
