After many years, it looks like the EESTOR supercap fiasco is finally coming to the bitter end. Zenn just announced their third set of independent test results, and it is finally confirmed that the EESU doesn't work, as some have suspected all along.
http://www.4-traders.com/ZENN-MOTOR-CO-INC-6499102/news/ZENN-Motor-Company-Announces-Testing-Update-17597220/ "Evans has reported that it has developed testing procedures that measure energy-in and energy-out. It has tested the procedures on known capacitors to verify reliability and accuracy of the tests. Based on these tests, Evans has advised that the EESU layers tested did not show any meaningful levels of energy discharge (energy-out)." For anyone who has followed this fiasco over the years, it's an incredible example of inventor self-deception and lack of due diligence, coupled with lax Canadian markets which make it easy for predatory 'pump and dump' schemes. Despite zero validation, the inventor was already talking up production lines back in 2007, and there was many millions of dollars of investment from both venture capital and the public markets (via Zenn), plus the involvement of credible companies like Lockheed Martin, GM etc. Now, a decade after the 'discovery' of the EESU, Zenn is out of money, and their stock was halted trading this morning with the release of this news. EEstor themselves auctioned off most of their production line equipment on eBay earlier this year. It shows that all the wild claims, wishful thinking and money in the world can't change the laws of physics. There are several posters on TheEEstory.com who ignored the skeptics and invested their savings in Zenn, and will be left holding the bag in the end. AF
