On Thursday, August 14, 2014 6:43 PM, Jojo Iznart <[email protected]> wrote:
>Why would you assume that the investors would have done lousy due diligence? I never assume lousy due diligence. But it is fair to wonder how much diligence they did do. It's indisputable that there is 'dumb money' out there - the history of poor due diligence on investments is legendary. I've seen a ~$90 million dollar investment fund up close, and you would be surprised at the lack of due diligence. I was surprised when the SEC stepped in to reveal the fund was a house of cards. >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? You may as well ask why people do inexplicable things? It's clear that Mills has personal charisma and is able to raise money, and that is impressive. But in my opinion any sort of scientific or business results look to be extremely unlikely at this stage. Mills has raised and spent a lot of money, that's for sure. The details do not add up to me - for example, why on earth does a company involved in speculative research spend millions to buy a fifty thousand square foot building in New Jersey, when their team could fit in a smaller leased lab? 493 EDINBURG RD, East Windsor Township owned by BLACKLIGHT REAL ESTATE C/O R.MILLS - NJParcels.com New Jersey Property Data >Let's give BLP some time and credit shall we? Surely you jest? As I pointed out, they've had 22 years, and yet it is they that keep shifting the goalposts. All of this skepticism would cease if they had a working product. AF 493 EDINBURG RD, East Windsor Township owned by BLACKLIGHT REAL ESTATE C/O R.MILLS... Information regarding Block 5, Lot 3 (493 EDINBURG RD), owned by BLACKLIGHT REAL ESTATE C/O R.MILLS in East Windsor Township. View on njparcels.com Preview by Yahoo
