Woodford Patient Capital gets 357% energy boost (because of Industrial Heat upgraded to $112Mn$ value)

Quote from Shane D.

I thought Dewey has been very positive lately, but not 357% positive!

I like the idea of a quantitative positivity index. Sort of a DJIA for cold fusion. It is kind of silly, but people like to see numbers.

If anyone deserves success in this business, it is I.H. I hope they loosen the purse strings in response to this upswing in the index.

Valuation is indeed a risky business.

I would expect the figure of 357% is just guff pulled out from somewhere. How do you put a value on LENR?

The trusts fund managers have talked about "increasing promise" but, other than promise, there is no hard data presented in this article, and, at one point, it calls Andrea Rossi a "scientist" .

However the fact they have been willing to come out and talk about cold fusion in a public article is either informed bravery, or desperation for good news for Woodford, just as his interim fund report is published.

All we really have is that some new investors have been willing to invest new money in IH at an increased value.

Best case; I would hope that this is a good sign based on said new investors being presented with convincing scientific data from "external validation" and a realistic development plan.

Worst case; Rossi has not cornered all the gullible money.

Personally I am invested in WPCT partly because it is the only way, as a small, private investor, I can get into the LENR action, that is an indication of my generally positive view of LENR and IH. Time will tell.

Quote from ZenoOfElea

I would expect the figure of 357% is just guff pulled out from somewhere.

There must be some sort of rules preventing that? Maybe they sold a bunch of shares at a higher value than before.

Is that sort of info published in the US?

The article suggests one reason for the increased valuation of IH is that other people have put money in. Ok until they spend it.

I agree with Shane that there must be something behind the increased valuation.

I would expect that at the least it is results replicated by independent, respected laboratories.

Even better would be if IH was able to show real progress in understanding the LENR mechanism(s), or reliably improved outputs; or both.

But I also agree with Alan that value can be extremely subjective and even ephemeral, as famously illustrated in the dot com bubble.

An LENR process might be worth anything from zero (not mentioning any names) to billions or trillions. So pick a number.

Many hope that LENR can be shared openly so that it can be free to the world. A noble aspiration which I agree with.

However, so far, after so many years, no such luck.

While LENR free to the world would be great I would settle for just LENR, proven, working and available, even if it is by some entity that "owns it".

I believe Darden when he says he has aspirations for the technology to better the world. He does not have to say that, or anything. However I also accept he is a business man. LENR clearly needs serious investment if it is to develop and those investors want a profit.

This press release suggests that Industrial Heat did an equity raise (to unknown third parties not Woodford) at a per share valuation around 3.57x higher than the original investment. The equity raise is equivalent to a stock transacting on a stock exchange, between an unrelated third party buyer and Industrial Heat -- the price per share being what the third party actually paid. It is not clear what other ownership Woodford had in Industrial Heat (i.e. warrants, convertible bonds, options, etc...) so it is not clear how much higher the valuation of Industrial Heat is from this transaction beyond the fact that someone paid _more_ for the shares than where Woodford originally invested. It is also not clear how many dollars were invested, i.e. a third party investing $2 mm is a lot different than a third party investing $200 mm. This is all the data that they (Woodford and Industrial Heat) have given us so far.

Quote from Shane D.

I thought Dewey has been very positive lately, but not 357% positive! Something must be up in LENR land? This good news puts the $20 million, or so, IH lost on Rossi in perspective.

BTW: Does anyone have an ICCF21 photo of the "IH Team"? I know they took one, but I have not seen it yet.

you can find photos of the conference here: https://www.iccf21.com/

and specifically the IH "team" here: https://www.iccf21.com/fullscr…q1c0%26s%3Dstyle-jm7sxve5

most of the young ones are George's students.

not sure how all is on the "team". I do know they have funded quit a few others. At ICCF I did notice Fran T. and JeanPaul B mentioning IH but I don't think they are part of "the team".

The thing I wondered about was Tex. Tech. Their whole "team" left after the first day. I wonder what was happening. Rumors where they were having problem to get any thing really going but had some transmutation event. They were very silent about their activities. They had a lot of young folks their but I got the impression that they didn't really have a grasp on the history and old methods.

Young people these days rely to much on Google searches and don't seem to "interact" at the personal level. You can learn a lot by talking and listening- networking..... that art seems to be going away.