This is exactly the kind of sham the ESP hucksters use: accept challenges, or invite challenges, from the scientific community with much public fanfare, then never hold the tests. I would bet a goodly sum that this "validation process" will never take place, due ostensibly to "disagreements about the experimental design," "unreasonable demands from the scientists," "refusal to conduct the test fairly," etc. etc. This will never be reported upon of course, and the bids for private financing will come as surely as the rain follows the thunder and lightning.
I'm not investing now. If it works I'll probably miss out on the investment opportunities anyway. So I'll bitch and moan about that, but I'll tell you this; I'll will be absolutely school girl giddy at the prospects of the ragheads washing down their sandy meal with a glass of oil, lamenting the fact that they squandered their oil wealth on gold toilette seats, Rolls limos, jumbo jets, and grand palaces that will all rust, rot and turn to dust.
I'm rooting for the underdog here. Hope he wins!