|Subject: RE: New way to raise
Date: Tue, 18 Sep 2001 16:41:04 -0500
the MEG rights are shared by five co-inventors, and I am not the MAJOR
inventor! The rights are
assigned to Magnetic Energy, Ltd. whose Managing Partner (CEO) is Dr.
James Kenny. All
contractual and business matters are handled by Dr. Kenny.
of us wishes to pry money from private persons for some future
product, until we have a developed product to deliver in return.
It's our own personal ethics, because we've seen so much
selling of promises for free energy units, without delivery, by other
folks that we are determined never to be cast in that mold.
Whether we succeed or fail, this is and will remain and honest
continue to have expressions of interest from the legitimate financial
community, and believe that eventually we will succeed in raising the
remaining money needed. The
main MEG research has been moved overseas, and will go on regardless.
That foreign effort should produce a commercially marketable
unit in about a year or perhaps less.
This is a very fine foreign research lab, being the National
Materials Science Laboratory of the National Academy of Sciences of
that nation. So we are
confident that it will succeed. If
all else has failed in the interim, then at the time the unit starts
being sold on the market, we should then have funds to proceed as we
need to here in the United States.