Posted on 07/20/2017 7:24:34 AM PDT by ptsal
[snip]confirmation of the demise of Joule Unlimited. “We had a lot of prospects last year,” former CEO Brian Baynes told The Digest, “but those new investor prospects walked away, particularly post election. ....Baynes was responding to reports that the technology and the Hobbs, New Mexico pilot facility would be auctioned shortly.
The news from Joule closes out an extraordinary period of silence for a company that we once described as The Sultans of Stealth for their secretive approach to development.
(Excerpt) Read more at biofuelsdigest.com ...
Lots of interesting detail and back-story.
Is Joule the company that John Podesta was involved with? Perhaps someone here can clarify this for me?
Joule ain`t got no energy
Wonder what Russia got for its $35-million investment?
Field day for a forensic accountant.
Another “alternative fuels” fraud?
Wonder who got rich off of this one.
——long-term depression in oil prices.——
Translation: Oil prices have stabilized
The Obama EPA wet dreams and the Hillary belief in green jobs died. The projects took the government money and then are moving on.
Theoretically possible does not translate to market feasibility
You’ve got to think there are a lot of opportunities for some forensic accounting with the Solyndras and the like. Although I suspect the statute of limitations may be starting to run out.
As you noted, call in the forensic accountants!
Or just use cui bono, who benefitted, or follow the money!
Smart investors.
It wasn’t a fraud, just a technology nobody wanted anymore. It was a patented bacterial catalyst that took sunlight, seawater and CO2 and combined them to make petroleum products directly.
You can buy the patent.........................
Wonder what the sources and uses of funds statement looks like.....START to FINISH.
Obama transition vet joins Joule board [biodiesel/ethanol]
https://www.freerepublic.com/focus/f-news/2660302/posts
Yes.................
Joule Awarded Patents for High-Volume Ethanol Production from Sunlight and CO2
https://www.freerepublic.com/focus/f-news/2757893/posts
What ever happened to those cold fusion guys (in Italy if I recall)?
“It was a patented bacterial catalyst that took sunlight, seawater and CO2 and combined them to make petroleum products directly.”
Sounds like a greentard’s dream.
What, is it not economical?
Smart investors.
smells like those "new investor prospects" Joule was counting on disappeared on 11/09/2016
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RECAP---A leaked Jan. 3, 2014 document shows that Podesta transferred more than 25,000 of 75,000 shares of Joule Technologies---a Russian-connected firm---to Leonidio Holdings LLC.
Leonidio Holdings, LLC, is listed w/ an address at his daughter's Megan Rouse’s Shannon Court home in Dublin, California. Rouse operates Megan Rouse Financial Planning from that same address.
The inference is to money laundering, perhaps tax evasion. Suggests that Megan Rouse's father, John Podesta, hid stocks connected to Russia.
Documents show that Podesta received 75,000 shares of Joule Unlimited Technologies......an outfit which was linked to alleged money laundering by the Russian government, according to media reports.
Podesta needs to be under intense scrutiny.....he's no shrinking violet.
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