Wasn’t Rossi supposed to have working, marketable examples in 2012? My bad. I thought he’d be taking individual’s money by now.
Things change rapidly in the development of new technology. I for one never expected any such timetable, having brought products of my own to market. But researchers are always overly optimistic.
And it may well be that the folks who bought his technology required a change in direction. I don't know, you don't know, and none of the folks on this thread know what all the facts are.
BUT, what I "do" know is that the company that bought the technology is complete legitimate, and has an excellent track record of bringing new and highly innovative technology to fruition.
Kevmo made an excellent point upthread....you can bet that the prospective owners have done due diligence both with respect to the technology AND with Rossi's background. The Cherokee investment people are obviously very experienced with the identification of worthwhile new ventures.
The fact of their involvement is a major plus for the reality of Rossi's tech.