Not necessarily. You've been around for awhile and ought to have an idea of how angel/VC funding works. And last I checked, Rossi hasn't "ran."
Oh I am not saying he will run or has....probably wont happen, I am just saying if he did run...agencies would be interested.
It blows my mind that some here cannot see this whole situation from the outside. Brilliant people have been working for decades to make LENR a viable technology...the closest anyone has gotten is anomalous indicators of some excess heat, but far from anything controllable or sufficient for an actual usable device. Then enter the good doctor...while everyone else works to just find a spark...Rossi not only figured out the magic to do this, but to a level of selling 1MW plants!! How can intelligent minds not see the divide here???? Scientists and engineers around the world cannot get LENR past experimentation...yet the brilliant Rossi has taken it SO far past all others that he even has products on the market. And now the newest unicorn sprinkled in faerey dust...a 1mm tube that can make heat, light, electricity and thrust...what a fantasy!!!! Wake up people....seriously wake up!
Display MoreFirst, You don't and can't know it was't.
MITCHELL FRASER-JONES
AUTHOR says:
September 30, 2015 at 9:34 am
Hi Alain,
It would be inappropriate for us to share our due diligence, but please be reassured that this investment is the result of a long and rigorous process.
Kind regards
Mitch
Second, Rossi's money has not disappeared. It will be used for massive production.
Rossi's investors money funded his collection of homes he bought around Florida right after he got paid....
It looks like Henry W Johnson president of KMC was responsible for the property of the customer who was incorporated out of England.
WHAT!?!?!? At what point are you going to stop passing off rumor and misinformation as fact?!?! Please show me proof of this....and do not come back to me with a "Rossi says" or bogus contract verbage...proof.....you are amazing today.
IH hired the ERV to be an impartial referee in judging the test. The ERV is required to conduct an impartial test by contract. This situation is impactful in your emotional and prejudiced thinking, but that is just the way it is.
You can continue to parrot the same misinformation and ignore what I am saying, but that will not change anything...
No. I started reading about Rossi's claims with great interest in early 2011. I contacted Jed with the intent of using my experience with calorimetry and general scientific method to help Rossi prove it worked. I have followed the story carefully ever since, reading evidence for and against. I have also studied the natural history of high tech scams and reviewed several others, including a review (Sniffex) which was used by the FBI to prosecute their successful SEC case against the company. I helped billionaire Dick Smith avoid the waste of a million dollars he was considering investing in Defkalion and we all know how that turned out. When Elforsk became involved, I wrote a detailed email to the CEO of the company, explaining why investing in Rossi was a poor idea without much better testing. He wrote back that he appreciated the input and referred the email to a subordinate for action.
I highlighted again and again directly to Rossi and also in forums what Rossi could do to obtain credible tests of ecats. And much much more.
I'd hardly call my activities "armchair quarterbacking". That's FAR from fair.
I definitely agree with most of your perspectives and analysis, but I think you are not taking into account what I wrote. They made a very risky investment that turned out to be a bad one, and that goes with the territory in investment. Now if we were talking about a collection of scientists making a collective judgement on the good doctor's body of work...of course there would be a different outcome, but we are talking about an investment here. I believe Rossi to be a master of deception, and he got one over on them with their gamble on what many probably told them could be a world changing technology. I just feel it is unfair to say there was deep negligence and incompetence on the part of IH when they were, in my opinion, fooled by a master trickster, and probably by others who believe in Rossi (there are many)...coupled with the fact that this was a high risk investment in the hopes for something world changing.
And you seriously think the police are likely to get involved in this dispute?
If someone fraudulently obtained $11Million going for another $89Million and ran...you can sure bet the police would be involved!!!
The deflection forces today on Planet Rossi is quite strong! The fact that no one would put themselves in that kind of jeopardy as an engineer that has $89million hanging in the balance on this deal is obviously so far over both of your heads....you can spin it any way you want, but that is just ridiculous to ignore.
The words are clear, that is what logic and clear thinking implies.
Your perspective there couldn't be more illogical if you tried! How you do not see how foolish it is to think that IH would allow one IH individual to block another IH individual from gaining information they need. You are on fire today Axil!
Peter Gluck did a mini-interview with Rossi on his EGOOUT today. Rossi seems to think his Quark-X will prove itself, and possibly save the day?, before the verdict:
Peter: the Quark X is marvelous and opens a new front..
Andrea Rossi: exactly and this is arriving before any verdict should have been set
Of course he leaves himself a lot of wiggle room as he always does. Too bad he isn't as enthusiastic about working with IH to retest the 1MW. Or better yet, allowing a single Ecat be tested by a team of neutral experts, and save the few million in lawyers fees, along with sparing LENR the bad publicity. But no, not our Rossi...he likes doing things the hard way.
Rossi's lack of understanding of law is almost as amazing as the magical abilities of the QuarkX!! How are people not understanding that the work he did after the 1MW plant are completely insignificant to the lawsuit?? You absolutely cannot use material after the fact like this...it is madness on Rossi's part!
Display MoreIt was claimed by Rossi (see blog post below--can be confirmed at http://www.rossilivecat.com/all). I don't think this particular agreement has been made public, but I could be wrong. As I'm sure you can appreciate, marshaling the facts in this whole affair is becoming quite unwieldy.
"Andrea Rossi
May 20, 2016 at 5:07 PM
Sebastian:
In the agreement signed between IH and the Customer it had been agreed by the parties that nobody of IH was allowed to enter in JM area and nobody of JM was allowed to enter the area in which the plant was in operation. This had been agreed upon to defend the IP of both. This agreement has been signed by IH and JM, plus also me.
The text of the agreement has been written by IH and accepted by JM.
Warm Regards,
A.R."
I meant do you have documentation...you should know by now that "Rossi says" holds about as much water as "Santa Claus says" nowadays.
The reference was this:
The ERV explained that this had no importance.
Since the ERV was a IH contractor, and gave the ERV authority over the test, then IH block themselves.
So you are telling me that an IH contractor BLOCKED an IH expert from having access to what he thought was important to the matter at hand. You really are going to stick with that huh?
It is claimed that IH was contractually blocked--that IH agreed to this arrangement up-front. So I think IH did actually block themselves.
Where did you hear this?
What is the link to the Rossi conformation?
Jed just posted it.
Where did this factoid came from? Is this one of those confidential customized data dumps from IH?
Has Planet Rossi gone completely upside down today? There must have been some polar shift from so many users being chased off for umm...unmentioned reasons. This has been discussed at ad nauseam and even confirmed by Rossi himself. Click Click Click...hello Axil...are you in there?
Amen! That is why I have grown to hate him.
In a strange way, I will hate him even more if I ever discover that he has something after all, and he has buried it under layer after layer of deceit, misdirection, piss-poor experiments, and so on. I would prefer to think he is merely a scammer, as Mary Yugo believes. That way I could rest easy, knowing that nothing of value to science has been lost in this fiasco. I would only regret the $11 million in funding that might have gone to real researchers, the damage done to I.H. and the price they paid, and the time that was wasted.
I almost wish I were as confident as Mary Yugo, but alas I am never as certain of anything as she is of everything.
Hey, but I am sure that all the home properties that the good doctor bought with the $11 million are really nice places!! He may have screwed funding for LENR, but he helped the Florida real estate industry with $11 Million in investment money!!
Responsible for what?
Has there been an accident?
Do you think that an inventor with paradigm shift in his pocket will care a lot about the proper way to do things?
I can only assume you are being sarcastic with those questions unless you have not comprehended a single thing said today.
1. Responsible for certification/licensing
2. No clue if there has been an accident...that is irrelevant.
3. If said inventor had $100million on the line for a deal going through...HELL YES!! Only a true idiot would not!!!!
I know its Friday, but you gotta keep up Keieueueueueu....
Display MoreJed:
Sorry but you were so wrong *and* so CERTAIN about Rossi, I don't value your opinion on this issue at all.
Jed:
Either they did the proper testing and still offered Rossi an extravagant deal, or they did not do the proper testing and offered it to him. In the first case, if they failed to grasp the results or were successfully bamboozled, it is gross incompetence. If they did not properly examine or test, it is gross negligence. I do not believe IH is part of Rossi's fraud. They were just dumb. Maybe it's both, negligence AND incompetence. Either way, given ALL the excellent material on the internet, the foremost of which was Krivit's site and his experience during his visit to Rossi, giving Rossi money without extensive, comprehensive and the highest quality of testing and vetting and interpretation was completely and irrevocably idiotic.
Every investment has risks...alternative energy has MASSIVE risks. I believe this massive risk just happened to be sugar coated by a very capable magician...with excellent smoke and mirrors. A good magican can fool even a very intelligent mind for a period of time. There are many very intelligent minds that unfortunately believe the good Doctor and his magic...this and other related forums are proof of that. I think you armchair quarterback this particular situation far too deeply, therefore I don't value your opinion on this issue at all.
IH owned the reactor. The ERV controlled the test.
You completely deflected from what I said by posting things we already know. If you don't want to address my point...so be it... If you had a $100million+ deal under your arm, would you as an engineer overlook certification...something that engineers deal with. It's a simple point.
Quote from JedRothwell: “Elsewhere, I mentioned that it does not appear Rossi's reactor or the equipment in his pretend customer site has been inspected by the state of Florida. Florida regulations specify that boilers over a certain size are regulated…
Are we to believe the good doctor would put a $100million+ deal in jeopardy by not making sure that his equipment is certified and licensed? After all he is the "scientist" running the show here. Are we really to believe that the good doctor would not point out something like this no matter who was responsible..again I mention a $100million+. The logic in here today is fascinating!
