As far as I can see there is nothing _but_ dumb money out there. Let me define what I mean:
I know of at least one technology that has, since 2009, been waiting on nothing more than about $10M dollars to reduce civilization's ecological footprint by at least a factor of 2 while increasing protein production to the point that, even passing through multiple trophic layers in the agricultural foodchain to high value meat and fish, would provide a diet so rich the problem wouldn't be malnutrition but gout. When I say "waiting on" I mean it is demonstrated and the production line to manufacture it is already specified. Oh, I guess I failed to point out that what I mean by "demonstrated" is that its economics are not just profitable, they are _enormously_ profitable. On Sat, Aug 16, 2014 at 1:47 PM, Analog Fan <[email protected]> wrote: > 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 > <http://njparcels.com/property/1101/5/3> > > > >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... <http://njparcels.com/property/1101/5/3> > 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 <http://njparcels.com/property/1101/5/3> > Preview by Yahoo > >
