Terry Blanton <[email protected]> wrote: If it makes any difference, Jed confided in me this whole story when it > happened. I found it appalling. Patterson wanted the $1M from Motorola > but he wanted control of the secret. >
I forgot that detail. Forgetting such things is a mercy. > CETI could probably have easily have gotten a 40% share out of the > batwings but they were greedy. > It goes beyond greed into foolishness. > It was a horrible story and we were devastated by it. > I was hopping mad. I called Chris Tinsley. I was ranting and raving and carrying on. After a while he started laughing and said "I have never heard you like this. It is a novelty." I started laughing too. It was appalling and yet ridiculous. Then Redding told me their plan was to calibrate the demonstration to make it *just appealing enough* to snag Motorola while at the same time it would look amateur and unreal to everyone else. That was the living end. I have never heard such nonsense in my life. I figured there was little chance these people would succeed. It was heartbreaking. Patterson & Redding were nice fellows, and smart. I liked them personally. But Redding was a stock broker. That is a class of people I hold in low regard. Stock brokers should not be in charge of business strategy. That was the most nonsensical business strategy in cold fusion up until the day Defkalion got involved in the field. They were even more outrageous but I stopped taking them seriously after they cancelled the trip that I and others planned to make the 3rd or 4th time. By the time the Gamberale report showed up I figured they were either incompetent or dishonest, so we are not losing anything by their demise. >From the outside, it is hard to distinguish between incompetent or dishonest. Gamberale was an insider. It is clear from his report that he considers them dishonest. - Jed
