I wrote: Frankly, a stellar board of directors or $60 million do not impress me much > either. If I had to guess, I suppose it would mean that many of Mills > experiments and claims are well supported. That's true for bulk Pd-D cold > fusion as well, but I have never thought that technique has any commercial > prospects.
> I certainly take Mills 100% seriously, and I have since Mills and > Thermocore described Ni-H experiments at MIT in 1992, and in the 1993 Final > Report. Let me hasten to add that even though bulk Pd-D and Mills Ni-H circa 1992 did not seem to have commercial prospects, they both merited a $60 million investment and a stellar board of directors. I am sure that was a wise investment. I don't mean to denigrate Mills or his investors, or belittle their expertise. I just mean that it was a long shot venture. If I had billions, I would certainly allocate $60 million to Mills, based on what I saw in 1992. I would be puzzled and disappointed that he did not subsequently improve the heat generating experiments much. He seems to be going in many directions at once. That is a mistake for a start-up venture. I cannot judge, but many of his efforts seem overly theoretical to me, with no near term profit potential. Rossi seems like a much better commercial prospect. Probably the best in history. If I were an investor with billions I would give Rossi $200 million with practically no strings attached, for a small fraction of the company. I wouldn't worry that he might be a con-man. Nowadays it is easy to ensure that a person cannot abscond with much money. A little oversight would be enough. You need someone to visit the lab periodically, and you need electronic oversight access to the bank accounts. A con-man could only steal a little before you catch him. - Jed
