Posted On: 10/13/2014 7:34:20 AM
Post# of 43065
I understand people continuing to invest up to the point where the company announced that the processor froze and sat idle for half a year.
Sure, the stuff JB did was a red flag that he could not be trusted. Maybe that was enough. But there were plenty of positive developments with the technology.
The need to use HTF was also a big red flag. But even that could be justified. The $10 per barrel claims were hard to swallow once that happened, but there seemed to be good results from that solution to the throughout issues. It did not invalidate the technology.
The throughout results continued to get better, but reporting that JB was the only one with the magic hands was another red flag.
Then everything came to a halt. The money to fix the processor was not there even though much more had been spent by Heddle to take over the company.
If anyone else had been at the helm they would have been tarred and feathered. But these guys get a pass.
Anybody investing now has to believe that the remaining issues with the technology are minor and can be solved by the engineering firm.
That is a huge leap of faith. HUGE.
And the price movement is not indicative of things going well.
Anyone who is invested and continuing to invest is lying to themselves. Or someone is providing information/lying to them behind the guise of a non-disclosure agreement.
Sure, the stuff JB did was a red flag that he could not be trusted. Maybe that was enough. But there were plenty of positive developments with the technology.
The need to use HTF was also a big red flag. But even that could be justified. The $10 per barrel claims were hard to swallow once that happened, but there seemed to be good results from that solution to the throughout issues. It did not invalidate the technology.
The throughout results continued to get better, but reporting that JB was the only one with the magic hands was another red flag.
Then everything came to a halt. The money to fix the processor was not there even though much more had been spent by Heddle to take over the company.
If anyone else had been at the helm they would have been tarred and feathered. But these guys get a pass.
Anybody investing now has to believe that the remaining issues with the technology are minor and can be solved by the engineering firm.
That is a huge leap of faith. HUGE.
And the price movement is not indicative of things going well.
Anyone who is invested and continuing to invest is lying to themselves. Or someone is providing information/lying to them behind the guise of a non-disclosure agreement.
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