Clearance Items

Quote from JedRothwell

Doral project began they backed off and said they saw no heat from Rossi's devices

As far as I can tell it looks like they were happy showing potential investors the Doral plant at least halfway through the test or something, and that they had nothing bad to say about the test until after Rossi sued for payment.

Quote from Shane D.

Especially so after the criminal behavior Rossi exhibited at Doral.

I thought they settled. What is criminal about that? You are making stuff up.

Go have a look at the Meadowlands mess if you want to know about IH business behavior. These people wasted $300M+ of US tax payer money... Darden Meadowland mess ...

Quote from Shane D.

Tony,

I do not need to make anything up about Rossi. It's right there in the public record for all to see:

-operating an unlicensed nuclear reactor in a public facility

-selling highly endothermic products without reporting it as income

-employing day laborers without issuing them a 1099

-breaking 2 of the landlords window panes without permission

-killing a landscape tree by blasting it with 1MW hot air

If that is not enough to convince you, I could tell you all about JM Products?

As to that Cherokee Meadowlands thing; I did read it a couple years back. All I saw was standard, run-of-the-mill corruption by government officials, politicians, and public unions. Cherokee did what any private company does in that situation....hold their nose and "pay to play" as is demanded of them.

Pay to Play, is actually the norm when dealing with government entities. Usually it is not direct graft/kick-backs (that may actually get them in trouble), but subtle indirect paybacks. A good example you see all the time is: "OK, I'll consider you for the contract sir, BTW have you donated to our NY State County Officials Annual Conference in Boca Raton?" or "how much did you contribute to the local Democratic campaign fund?". You either pay, or you do not get to play. Ugly, but that is the way it works.

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Ehh, you must be kidding me, right? "Breaking 2 windows"

Browsing through the Meadowlands reports does not paint the picture you are implying however (why are you even defending it?). It sure as hell looks a lot like the whole Darden plan was to get those low-interest tax payer funded loans and make the money disappear ... $300M+ The report also shows some similarities with the IH/Rossi deal, like last minute changes (prime financier exits before it started etc.) I get the feeling you want to blame the politicians here, when the Darden et al are obviously the bad guys, regardless of pay and play.

Quote from Shane D.

Tony,

Yeah, just kidding you there, although I am serious about telling you all about JMP if you want? That is where the criminal "behavior" (not necessarily a crime) I mentioned, shines through.

The Meadowland stuff..., yes, that was my takeaway. You are welcome though to post some excerpts that could show me wrong. It's been a long time since I read it. Not that it matters anymore.

Ok. Here are some excerpts from the 277 page report. Words that comes to my mind are; incompetence, caveat emptor, lawyer sharks.

It looks a lot like the IH deal. Darden et al seems only interested in the financial part of the deal. They show extremely low interest in what is actually happening in every other area... Being it either landfills or LENR ...

Quote from Meadowland report

... The evidence indicates that EnCap was selected based on overstated qualifications regarding its relevant experience

... Even more problematic for the Meadowlands Project than the lack of relevant experience of some of EnCap’s team members,

however, wa s that just before NJMC and EnCap signed the Development Agreement, the make-up of EnCap changed significantly.

The EnCap that ended up working on the Project only superficially resembled the EnCa p “team” that had responded in the

Statement of Qualifications. In fact, the EnCap that signed the Development Agreement was a newly formed company whose

“owners” were chiefly investment managers; had not worked together to close a landfill; did not have a co mplete understanding

of what was required by New Jersey regulators to close the Meadowlands land fills, to remediate the surrounding acres, and to

develop the area; and did not have a realistic understanding of how long it would take or what it would cost to complete the

Project

... Perhaps the most significant change in EnCap’ s structure from that represented in its Statement of Qualifications occurred

formally shortly before NJMC and EnCap signed the Development Agreement. EnCap had represented to NJMC that the very wealthy

Gonda was a member of its team. Gauger told OIG, however, that a decision was made by him and Gonda that Gonda’s funds would

not be tied up in the long term Project. Approximately two months before the Development Agreement was signed, Gonda’s

interests were substantially bought out by a private investment group, Cherokee Investment Partners II (CIP II), allegedly

for approximately $6.1 million in reimbursements for Gonda’s expenditure in financing the Pr oject.

... What began as a landfill closure project with limited development evolved into the largest remediation/development project

ever undertaken in the State. However, control of the project was in the hands of a small company with only approximately

$18.9 million in capital run by money managers and a geologist inexperienced in landfill closure. EnCap’s inexperience and

lack of financial wherewithal have permeated the Project from the beginning through to the present.

... EnCap officials made contributions to political figures and hired well known and respected counsel as well as lobbyists who

understood the workings of State government and who had access to elected and high level appointed State representatives.

Encouraging government staff to not communicate with each other enabled EnCap to be in control of how and when important

information was related to 15 government officials. Government staffers were frustrated to learn that EnCap had put its spin

on information, or worse, had misrepresented it when speaking to higher level officials.

... Although EnCap had originally represented in its Statement of Qualifications that it had ample private financing for the

Project and would not require public financing, the change in its ownership interests made that statement no longer true. With

only approximately $19 million in private funds and the increase in the size and scope of the Project, EnCap required financial

assistance.

... EnCap had difficulty providing sufficient collateral for the loan, and EIT representatives worked with EnCap accommodating

their lack of colla teral with less traditiona l types of support. After what EIT representatives believed was full disclosure

by EnCap, and EIT and DEP staff understood that EnCap had no other resources it c ould pledge in addition to a bank letter of

credit, EIT and DEP staff agreed to accept some collateral that was not likely to materialize for many years

... Within a short time of signing the Development Agreement, EnCap’s working “team” consisted of two more-often-than-not absentee

owners: 17.5% owner Gauger, whose background was investment banking and venture capital investment s, and whose management of

other projects caused him to be away from the site; and Thomas Darden, the Chief Executive Officer of Cherokee Investment

Partners, who made limited appearances in New Jersey. Very often, 2.5% owner Hockensmith, a geologist with little relevant

experience, was the only on-site “owner” with few EnCap employees.

... State representatives were later to learn th at EnCap did not put the same time and energy into the remediation/landfill

closure aspects of the Project as into the financial side. EnCap promoted a “ground breaking” in Spring 2004 with great

flourish. However, EnCap proceeded in a stutter-start, disorganized operation. The evidence indicates a series of failed,

broken, mismanaged, or unmanaged contracts

... Instead of acres of odorous garbage and putrid wetlands, there would be golf courses, parks, offices, and residences

overlooking the river and the New York skyline with relatively easy access to Manhattan, rail lines, and airports by existing

highways. Unfortunately, the project is a study in what can go wrong when a public body with high-minded public policy goals

and compelled by its status to engage in fair dealing joins forces with a private entity whose primary goal is to maximize its

profit an d operates in a buyer beware atmosphere

... Representatives of some private entities believe they can engage in misleading hyperbole, puffery, and secrecy, and that it

is up to the party on the other side of the deal to discover what is true and what is not. This conduct would not be tolerated

for State representatives. While public entities are restricted in hiring practices by conflict laws, private parties can

hire related parties even to the point of essentially paying themselves. For EnCap representatives, no decision was

considered final, and all decisions were open to revisit and change, especially when critical State positions are occupied by

public office holders whose identity changes frequently

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Ahlfors

https://en.wikipedia.org/wiki/Harpo_Marx

I think Tony's "point" is that because Darden may have engaged in questionably ethical deals, he deserved to have his company cheated and devastated by Rossi. Uhhun. Yah shoore.

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Failing to condemn is not condemning to failure.

WHAT does that even MEAN?!

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"I have said Rossi is a flake fake as usual

(TFIFY)"

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(I said) the demo would/could never prove anything (before I went)

See, that's the thing about Rossi. Since 2011, he has had the power to absolutely prove and cleverly demonstrate his technology if he actually has one. Yet he has never done so. Instead, he does these deliberately vague and stupidly assembled shows in the hope of snaring investors who will be impressed because they and their advisers don't know better. But you know better. You know very well that Rossi could prove his concept once and for all easily with a demo that would not endanger his IP. What amazes me is how you rationalize to yourself that he never does!

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I know that at least 3 major laboratories and every car company in Japan (yes, every one) is working on Ni/H systems.

Well, I hope that is on better information than available for Rossi. Maybe they are following the literature but working on it? All of them?

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People talk to me because I am open to discuss things, do not have a closed mind and don't do hate readily.

Commendable. But why is it necessary? Nobody would "hate" Rossi if he simply performed proper tests. Nobody would criticize Rossi if he wasn't constantly lying and scheming, even with his own people and investors. All of us are open to discuss things here and elsewhere. I think what distinguishes your approach is that you are singularly unwilling to criticize, even when you have to know things are shady. That may get you into a lot of doors. I am not sure how useful to the field it really is -- compared, let's say to your providing hard to find lab supplies and chemicals.

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there is a current ... below, which is not ours

Yes, the AC current (he says) has a cycle of 60Hz in US and 50Hz in EU