Don't be ridiculous. And the payment was $20MM. $11MM is the amount that has been spent. Rossi (and the other investors) will make their money from sales profits and stock value increase, just like M'soft, Apple, and any hundred other high-tech companies....none of whom started out as "billion dollar" valued.
OK, people were saying Rossi wasn’t a fraud because he wasn’t soliciting money. Now he gets $20million?
1) The investing company got to run a demo with their setup and they found it works,
OR
2) The investing company is gambling on this being real.
AND
3) I have a hard time believing anything Rossi said and despite people saying his petroldragon process worked (supposedly based on the Fischer–Tropsch process) but he never produced one drop of oil in Italy. I would like to be wrong about Rossi but I don’t think I am.
I would think that an investment of $20million requires a fare bit of due diligence but then again Peter Jansson diverted money from the power company he worked at to Black Light Power and now works at Rowan U, The New Jersey State Teachers College. He’s a friend of Mills.
Has anyone seen evidence of the BLP demo, it was supposed to start at 11:00am EST?
“Don’t be ridiculous. And the payment was $20MM. $11MM is the amount that has been spent. “
Where do you get this information?