Howdy Steven,
Figures never lie, but liars figure.. Sum'buddy dun spent sum real money on
salaries..like E 350k just in year 2006..for the two principals.
From Wikipenis..( where whats in your pants count for more than your head)
The company's investment history shows share allotments for cash in August
2000, January 2001, March 2001, March 2004, then several rounds in December
2004, and one in October 2005.[9] The investments amount to ?3 million in
total.[7] The company had stated that it would not seek or accept further
investment until their free energy technology had been validated.[10]
According to the Sunday Tribune, Steorn secured over ?8m in funding from a
range of investors to continue its research in 2006. Its most recent
accounts for that year also reveal that it had accumulated losses of ?5.9m
by that year. According to its 2006 accounts, which were provided by the
company, Steorn's two directors, Seán McCarthy and Michael Daly, shared over
?350,000 in remuneration in 2006. Wages and salaries for 13 staff, including
the directors, totalled a further ?988,000.
