Peter is kinda cute. That's why I feel sorry for him.
Maybe Darden lost his marbles too, who knows. The outcome is the same.
It's not that much of an exaggeration to say that Neil Woodford is the UK's Warren Buffet.
By any metric he's probably 'our' top fund manager, and has been for years... He has returned large and highly consistent profits on investments for roughly the last two decades.
https://woodfordfunds.com/our-funds/wpct/trust-facts/
Woodford Patient Capital Trust total assets £844.8m
[lexicon]Industrial Heat[/lexicon] is 1.72% of the fund's total portfolio.
1.72% of £844.8m is £14.53m
£14.53m is $22m
So [lexicon]Industrial Heat[/lexicon] got 22 million dollars from Woodford?
The e-cat story is gonna be epic.
But we already knew that, didn't we.
Much diligence definitely due on that one.
Mind you, to play devil's advocate: Black Light Power have also received figures of the same order, and they don't seem any closer to releasing a product. I wonder if large institutional investors have also performed the necessary due diligence on them?
Having said that, no-one at Woodford could fail to notice the controversy surrounding Rossi, they even tacitly acknowledge the fact by suggesting the due diligence took 2.5yrs. Yet the investment was made?
Not sure, if following woo and pseudosience would classify as stupidity, cowardice or what. You name it. Of course, woo will always be an opportunity for fraudsters, scammers, dishonest people.
There is no credible evidence that Blacklight Power's scheme works nor that there is a single working high power (over 100W) source of power from LENR anywhere. Credible evidence is a test from a renown university officially, not by a few peculiar professors. It could also be from a national laboratory or major completely independent testing institution. It would need to be replicated at least once. Those criteria have not been met even though Rossi said he heated an entire building with an ecat in 2007. THAT should tell you something but it doesn't seem to!
Woodford's principals will regret their investment.
Technology scams are nothing new, nor is the fact that wealthy and influencal people are involved. Who remembers the Grate Oil Sniffer hoax?
Happened in Finland too:
http://pathoskeptic.com/2015/1…ere-and-there-everywhere/
@Tyy: and why is the US NAVY Lab agreeing the results of Rossi, based on their own work?
They made multiple repeatable experiments with excess heat, and seem to be able to identify the optimal settings for a working LENR fuel.
Are they also crackpots?
I guess your time is over. You should better look for vacuum energy or UFO technology or something else and troll such communities.
I don't known why, that's what keeps me interested.
And Barty, I don't have an intent to troll, but to say what I honestly think. I am able and willing to do that as myself, and face the facts if I am wrong.
Maybe it is hard for you to believe, but I am trying to be as honest as I can. For my aggressive style, I am truly sorry.
UFO and stuff is far too trivial to debunk. This is far more interesting, because I can see a slight chance I am wrong. Would actually make me as happy as you. You see, I would be fascinated to look at new picture of the reality.
What would be more thrilling than that?
Okay, so you are doing it for the risk that YOU could be wrong? For the adrenalin rush like a thrillseeker?
Nice to know. But please be more factual.
I don't have anything against other oppinions. au contraire. It's good that someone points out mistakes in experiments etc. But please stay factual while doing this.
Then no one will be angry with you.
But it feels like you intend exactly this.
@Tyy: and why is the US NAVY Lab agreeing the results of Rossi, based on their own work?
It's important to know more about the involvement of the Navy lab. Sometimes the opinions of employees of an organization are just their own, even when a slide deck carries the logo of the institution they work for. The logos on the slide deck generally cannot be taken to imply that an official position is being communicated.
