Why not, "So far, so bad"?
What is being displayed does not constitute a peer-reviewed scientific discovery. It does not constitute an investment opportunity. It does not constitute announcement of a defendable patent granted.
Just what is the purpose of what you see happening?
He is working with the University of Bologna, the oldest in the world. He has done a number of demonstrations and tests with scientists present, and he has let them look at his technology as far as he can at the moment. He is using the money from his former company to capitalize his venture. I’m not sure what he’s doing wrong.