Good comment, Jones. I totally agree with you. Unfortunately, the well
was poisoned from the start by the US patent office refusal to accept
ANY patent for many years and the DOE panel by its one sided
conclusion, both of which created a legal situation that doomed any
serious study of CF. Now the expected and natural consequences are
being experienced. Rossi may eventually be the last man standing
because he found the secret recipe and used his own money to start the
process. His approach, while looking crazy by conventional standards,
might be the winning path for this technology.
Ed
On Aug 13, 2013, at 8:11 AM, Jones Beene wrote:
You are correct AF. There is little way for any outside investor to
benefit
from a DGT stock offering - no matter what they have... and I think
that
they do have a valid thermal anomaly in the early stages of
development.
It will be a laugh to see how many billions of shares they have
available.
Here is a document on Canadian legal requirements which indicates
that they
must have actually filed a prospectus even before as they were
moving to
Vancouver - and included a lot of facts which they probably would
rather
keep silent about:
books.google.com/books?isbn=1553672070
Where is their prospectus? It should be enlightening to read it - in
the
context of what we know to be historically true.
We tend to forget that it is entirely possible to build a deliberate
scam on
top of valid energy anomaly (especially an anomaly discovered and
patented
by someone else).
Even if everything which DGT showed the world on the Internet in
Italy was
basically accurate as to the thermal anomaly, a stock offering in
November
is premature and doomed by circumstances. This can only be a net
negative
for the rest of the field. It is called "poisoning the well".
DGT are a minimum of three years from a commercial product and much
longer
from mass production. They have no valid patent. Their process seems
to
infringe on half a dozen patent applications, which have preceded
them. No
VC will touch them. The lifetime of the unit is unknown, even if the
energy
is strongly anomalous for a few days. The list goes on-and-on.
If they had anything valid at all, and let me repeat - I believe
that they
do have something valid but it was invented elsewhere - then they
should
proceed to try to understand the phenomenon better through a
University or
Government, and that happens only by abandoning a brain-dead
business plan,
which is most of the problem.
It is the kind of business plan that a scammer would device - not a
scientist.
