(continued)
Quote2- the story about IH seeing zero results but wanting to [give] all chances to Rossi despite the theoretically valid contract for 94 milions $ [sic, actually $100.5 million total, $89 million remaining to be paid]- more than risky!
That, is more or less, one of my alternative stories, and has been generally confirmed by Dewey. IH decided, in 2012, to investigate the Rossi claims, to see them to the end, as far as was possible, in spite of what was easily visible then: no independent confirmation. I can explain this choice, and have, and it was sensible, overall, but was taking an $11.5 million risk. Just not a $100.5 million risk. They believed that the higher risk was avoidable by legal realities, that if the substance of the contract (which required IP transfer so that IH could manufacture working devices) was not fulfilled, they would not be legally compelled to make that later payment, they had recourse. And my impression, so far, is that, legally, they were correct. The current Motion to Dismiss may be partially effective, I have not fully studied it, but this is only a preliminary skirmish, that does not at all address the factual issues. If what Dewey has been claiming is true, and is established in court (which should be possible, unlike much of what Rossi claims even if it is true) IH will not be required to pay the $89 million and, by default, IH still has a licence that they paid for. Whether it is worth anything or not is a separate question, and, following their apparent original plan, they may wish to keep options open. To those who think in black and white terms, this seems contradictory. It is not. It's actually sanity, given uncertainties.
Quote3- IH using the plant as bait for investors,
To establish this as fact would require knowing what was disclosed to those investors, which Rossi would generally not know. If what Dewey has stated is correct, Woodford, at least, was informed of the shakiness of the Rossi claims, and that IH was not taken in by the fluff might actually militate toward confidence in them.
If IH did represent to Woodford that the Rossi devices was working as claimed, they would already be in very hot legal water. Because these are world-class fund managers, I very much doubt that they misled Woodford, and the idea that they used the Rossi demo to prove to Woodford is a Rossi speculation that is totally consistent with how he views life. Unfair! The snakes!
By the time of the Woodford visit, 2015, IH would already know that the instructions for making devices given to them by Rossi were not working. No, my sense is that IH was seeking additional investment (or allowing it) based on other avenues being pursued, plus the long shot of Rossi pulling a rabbit out of the hat. I would be nearly certain that the full situation was disclosed to Woodford. And in any case, it's totally irrelevant to the Rossi case. That this is alleged is fluff, legally. The one with the right to object to such representations would be the investor, not Rossi. There remains the possibility that a the time of the investor visits, IH was still confident that Rossi would deliver. I consider that quite unlikely. That would, in my opinion, show incompetence.
Quote4- the IH patent based on Rossi's technology'
Idiots who know nothing about patent law are interested in this. It''s legally meaningless, and only shows that they were covering the bases.
Quote5- the slander coming from Rossi that IH has borrowed know how elements from his IP to competitors
Again, speculation. However, Peter, pay attention! IH has claimed that they could disclose any of Rossi's revealed "secrets" to anyone they chose, and I agree with that reading of the Agreement. As well, once one is dealing with patents, this is public information. If Rossi had trade secrets, then he failed to protect them in the Agreement. This is all part of the IH Motion to Dismiss. (I have not yet studied the Rossi Memorandum on this point). people who would think this "unfair" have not thought it all the way through. If Rossi IP is incorporated in a product, and it was patented, companies producing that product must pay royalties. To whom? That would depend on where the product was sold. Rossi is saying what he believes, I'm sure. It is actionable ("slander" if verbal or "libel" is written) only if it harms IH, and most of this is complete fluff. I have mentioned that Rossi accomplishes nothing legally by what he is writing on the blog, and that he could be causing himself harm; I'm pretty sure his attorney would agree. But does he ask his attorney?
Quote6_ how have we to interpret "our LENR portfolio was never stronger from IH's March 10, 2016 Statemnent?
Here is the statement: https://animpossibleinvention.…-heat-makes-announcement/
I find it plausible. My that time, they knew that the Rossi technology was not transferred to them with, then, a high probability that it was bogus. Peter, you are interpreting that statement to refer to Rossi's work. But it did not. There were rumors as a result of that statement that IH and Rossi had a falling out. Rossi dismissed them as the work of stupid rumor-mongers, or something like that. However, the one being deceptive here could be Rossi. I think he must have known, and he almost certainly started to prepare his lawsuit, which he filed April 5.
This may be difficult to understand. IH needed to engage with Rossi to confirm or disconfirm that he had real technology, because of the effect that his claims was having on the field. Knowing, with reasonable certainty, that the claims were false inproved the position of their other investments. The conspiracy theorists claim that IH was motivated to protect other investments, but that theory requires that they (1) know that the Rossi Effect is real, (2) know that it is transferable (i.e., they tested it and it worked), and (3) they be willing to pass up a good trillion dollars of value to protect speculative and uncertain assets.
The quick summary is that as long as Rossi's bogus or unsubstantiated claims were standing, investment in any other LENR technology was very risky. After all, if they are working on watts and Rossi is working on kilowatts.... IH, by taking an aggressive and risky stand, drove a stake through the heart of that vampire. Now, if Rossi has something real, he could easily recover, by doing what he could have done in 2011. Will he? I'm not holding my breath. He would probably prefer to go to jail, believing that the world is against him.
QuoteIn order to paint a criminal portrait of Rossi (useful where, how, when- you have o explasin these facts factoids -awat- with arguments.
No, he need do nothing, because the truth will out, almost certainly, with Dewey doing nothing. Meanwhile, he's having fun with flame wars and the rest. Mostly, what you have asked, Peter, is obvious to those who study this situation without colored glasses.
QuoteBTW will you [testify] in the Florida Court, with your right hand on the Bible, that Rossi never was able to generate excess heat for IH?
How could he? Peter, you consistently don't understand the situation enough to write accurately. And then you think people are insulting you. (If the Rossi attorney asked him that question, and this is ridiculously unlikely, the IH attorney would object, as it is a leading question, asking the witness to form a conclusion not based on personal experience. (And this is not the IH claim!)
Court process is fascinating, compared to the disorganized mess that passes for thinking on these fora and blogs.
QuotePlease let's limit the discussion to the core- outcome of the Conflict
I apologize for the delay in answering had medical problems- rheumatism. (painful)
I'm sorry. Please take care of your body and your mental state. Remember to relax and trust reality. That can help with rheumatic disorders.