Jumping to conclusions?
No. The Crow is still frozen.
I'm not sure.
It would depend on how much Industrial Heat have paid for the rights to Rossi's work.
If it's a small sum, then it's a high odds bet with little outlay.
If it isn't a small amount, then they will have good reasons to invest.
Added later.
I believe it to be speculation, but it isn't a low cost punt.
According to this article Industrial Heat have raised 11.6 Million,
which is not a fantastic sum, but not chickenfeed either.
Darden has spoken positively recently about the company.
I would guess that Rossi has made a deal based on a percentage of future profits.
http://www.bizjournals.com/triangle...nvestor-darden-still-bullish-on.html?page=all
No. The Crow is still frozen.
I'm not sure.
It would depend on how much Industrial Heat have paid for the rights to Rossi's work.
If it's a small sum, then it's a high odds bet with little outlay.
If it isn't a small amount, then they will have good reasons to invest.
Added later.
I believe it to be speculation, but it isn't a low cost punt.
According to this article Industrial Heat have raised 11.6 Million,
which is not a fantastic sum, but not chickenfeed either.
Darden has spoken positively recently about the company.
I would guess that Rossi has made a deal based on a percentage of future profits.
Industrial Heat raised $11.6 million last year, and has been quiet about what’s happening with Rossi’s new energy catalyzer.
Until now.
Darden lets us in on the two words that sold him on the technology: “Air pollution.”
Why he invested:
“I’m serious — it’s about air pollution and coal,” Darden says. “Our company is called Industrial Heat. Our job is to make industrial heat and industrial heat is made by coal… We don’t think any energy should be made by coal, so that’s why I’m doing this. This could be a way to eliminate the use of coal.”
While he acknowledges that no technology takes off without the numbers to attract financial investment – he says he’s not in it for the money. He’s in it for the potential the technology has to solve the air pollution conundrum.
“This might be the answer,” he says, pointing to solar plus battery storage as another technology he’s watching heavily.
http://www.bizjournals.com/triangle...nvestor-darden-still-bullish-on.html?page=all
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