Where's the promised TIP2 report ***Rossi has no control over those 7 feckless (or perhaps even corrupt) professors. They are more concerned with their own reputations than the advancement of science.
On Thu, Aug 14, 2014 at 6:42 PM, Jojo Iznart <[email protected]> wrote: > Why would you assume that the investors would have done lousy due > diligence? > Why is it that we always believe that we understand more than the investors > who would have been up close and personal with the people and scientists at > BLP and have seen the technologies and prototypes more closely? Why is it > that we feel that we know more than the validators? > > Why this air of superior smug on our part that BLP investors are gullible? > that we know more than them? Do you honestly believe these investors are > unaware of BLP past failures? Surely they are, and yet continue to invest. > What does that tell you? That you have superior knowledge and they part > with millions because they are gullible and have not done proper due > diligence? > > Frankly, I want BLP to fail, but this constant witchhunt and attacks are > getting old. Yes, BLP has had past failures, everyone knows that, but no > one else is doing any better? Is Rossi doing any better? (Where's the > promised TIP2 report or the plant visits.) Or maybe the mythical hyperion > has rose from the ashes again. Or how about Brillouin? Or is McKubre, > Storms, Mitsubishi, Mizuno, etc doing any better? > > The challenge is difficult and frought with risks. Let's give BLP some > time > and credit shall we? > > > Jojo > > From: "Analog Fan" <[email protected]> >> To: <[email protected]> >> Sent: Friday, August 15, 2014 8:08 AM >> Subject: Re: [Vo]:BLP picks up another 11 M from investors >> >> >> >> Raising another $11m is an impressive milestone for BLP. But we've seen >> this before - every few years BLP makes big claims, puts on a demo, does a >> press release, raises money and then vanishes for a few years until more >> money is needed. I do wonder how much due diligence these investors did? >> >> >> Exhibit A: October 25, 1992 >> >> "We're getting 10 times the power out relative to power going in--every >> hour, every day, week after week." Mills says to expect a "major >> announcement" around year end that his confidants predict may include the >> unveiling of a prototype 10-kilowatt >> electrical generator. >> >> That's back when BLP was known as HydroCatalysis Corp, and was hot on the >> heels of Pons and Fleischmann! >> >> Exhbit B: May 28, 2008 >> >> BlackLight Power, Inc. today announced the successful testing of a new >> energy source. The company has successfully developed a prototype power >> system generating 50,000 watts of thermal power on demand. Incorporating >> existing industry knowledge in chemical and power engineering, BlackLight >> Power (BLP) is pursuing the immediate design and engineering of central >> power plants >> utilizing the BlackLight Process. BLP plans on developing pilot plants >> with architecture and engineering firms with anticipated delivery in >> approximately 12 to 18 months. >> >> For twenty two years, it's been the same cycle of claim, hype then >> silence. >> >> What I can't understand is where BLP is planning to spend the $11m? Their >> business summary claims "seventeen employees and eight consultants wherein >> the majority of employees and consultants are scientists and engineers" >> >> >> But LinkedIn lists only Dr Mills, VP Bill Good, two chemical technicians >> and two executive assistants as employees of BLP. At least two of their >> senior research scientists left in the last few years according to their >> profiles. >> >> >> The other possibility perhaps is the other eleven BLP employees are >> simply too embarassed to list BLP on their LinkedIn profiles? >> >> >> AF >> >> >> >> >> On Thursday, August 7, 2014 5:27 PM, Orionworks - Steven Vincent Johnson < >> [email protected]> wrote: >> >> >> >> >> On Aug 7, over at the BLP web site "What's New" >> Link, and at SoCP Randy posted the following statement: >> >> "On July 31, 2014, BlackLight >> Power closed on $11 M in private equity financing that was oversubscribed >> by $1 >> M." >> >> I never majored in business. I assume the above statement means >> BLP just got another 11 M infusion from private investors. I assume the >> "oversubscribed" phrase means BLP had actually asked for only 10 M, >> but apparently his investors are feeling generous. >> >> Say what you will, but right now I find keeping tabs of >> what's happening over at BLP to be a fascinating hobby. >> >> Good luck, Randy. I mean that. >> >> Regards, >> Steven Vincent Johnson >> svjart.orionworks.com >> zazzle.com/orionworks >> >> >
