3) The money from Defkalion within May.

2011/9/22 Mattia Rizzi <[email protected]>

>   Inside this artcle we have many info (
> http://www.nyteknik.se/nyheter/energi_miljo/energi/article3123849.ece):
>
> "“*I am assuming all the risks*. No one is risking any money except me,”
> said the Italian engineer Andrea Rossi
> “I get paid (by Defkalion) only when the installation is delivered and if
> it works.* I do not want people to spend any money until I have started
> and tested my one-megawatt plant*,” said Rossi.
> “The 500,000 Euros I am paying to the University of Bologna *is my last
> money*, but when I deliver the one-megawatt plant to Defkalion I get cash
> back. From then on, 50% will be used for expansion and 50% to treat children
> with cancer. I will personally look for the children whose families cannot
> afford their care,” said Andrea Rossi.
>
> So,
> 1) No payment until the one-MW-pant
> 2) All risk to Rossi
> 3) His *own* money to UniBO
>
> Daniele Passerini, inside the comments of his blog, wrote that:
> 1) Rossi was wating from Defkalion a payment of  500.000€ for his
> technology
> 2) Rossi will then use this money to pay the R&D at UniBO
>
> These are the original sentences:
> *“Per onorare i 500.000€ da versare a UniBO Rossi faceva affidamento su un
> versamento (di analogo importo) che Defkalion si era a sua volta
> contrattualmente vincolata a pagare a Rossi.”*
> *“Parliamo di quelli che Defkalion doveva dargli entro maggio per lo
> sfruttamento della tecnologia.”*
> “*ho sentito chiaramente che Rossi si lamentava che i Greci non avevano
> rispettato la scadenza e che non gli avevano dato i soldi entro il termine
> massimo previsto (maggio)”*
> **
> Source:
> http://www.blogger.com/comment.g?postID=2778967923339975695&blogID=18734659&isPopup=true&page=3
> **
>

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