Sean was back in the forums today and had a lot to say. Here is a summary so you don't have to read all 316 comments (and growing) left in the Steorn's investment background? thread.
In reference to Thicket's "Despite superficial appearances, all the Steorn investors seem to be private individuals. There are no institutional investors." Sean started us off with this:
Well first this statement is not true, indeed if you look at the information there are several 'institutional' investors listed in the post. But regardless of this, the point is that there is no point - this after all the bull posted about Steorn means what? Well the answer is of course nothing.I disagree with Sean here on his second point. Thicket hasn't reached any conclusions yet, just digging into Steorn's financials. If we all look at the data and don't see anything suspicious, that is a plus for Steorn. Here is a follow up on Thicket's banning and what may get others banned in the future:
I will also add that I have no problem at all with honest skeptics, indeed I would encourage this. However using our forum for anti-Steorn propaganda that is based upon lies and half truths is a different matter.And an update on the April 15th vs. End of Q1 comment:
Hi Lister, to be honest I have just been too busy, really wanted to avoid the 1st April thing - anyway the updates will happen on FridayHere is a personal apology from Sean to Rhaomi for banning him. Meta also got unbanned soon after Rhaomi. Also note his position on posting theories:
First have to say that I am very sorry, my bad!!!! Anyway I do not have a problem with theories, I do not want a forum of believers (I do not think that there is enough information for anyone to believe at this stage). The fraud/scam stuff is just wrong and I do have bad days!Steorn then asked Rhaomi to post his theories, twice actually. Here is Steorn's reply on the Mocumentary theory:
Ok, I can understand this point of view. Indeed it is one that we identified very early on. So in signing up the documentary crew, we made it a contractual point that we neither profit from the proceeds of the film, or have any editorial control (the same is true for the book). Now Crank can discuss this with the film crew and indeed have a copy of the contract (if she does not already have it). Of course people can always say that Crank is a plant but there is only so much that we can do to prove stuff over the net!Here is Sean's reply to Rhaomi's "wrong with measurements" theory:
I wish I had more time because most of this stuff can be dealt with (again and again) to the satisfaction of a reasonable skeptic.
Ok, the most probable explanation is in fact that we just got it wrong, I could explain for example self sustaining devices without CoE violation. The probability of us being right is in fact very, very slim. However it is a very far cry from this position to fraud. We have done as much as possible to demonstrate this, everything that we do is always weighed against the question of what would those who would cry fraud say about this - and how do we mitigate these cries. We are right or wrong about the technology and the Jury is out on this question!In response to Kent767 about how Sean would react if he were to encounter a claim like Steorn's:
If the roles were reversed I would be (1) curious (2) check for a fraud/publicity stunt and when I had ruled this out I would guess that you got it wrong but wish you all the luck in the world and hope that you where right. I would then get on with my life.I asked Sean about the leaked juror and also about when Steorn originally thought of creating the SPDC:
I will never comment on speculation on who is in or out of the Jury. The SPDC concept has been in our plans since early last year.In response to Kent767's proposed "steal money from the investors" theory:
Ok, but this is where your theory falls apart, the company has raised money, I get none of it and take all the risk - so you believe that I would sacrifice my career and ruin my family for a crappy salary?Kent767 then suggests maybe it is a long con scam. Here is Sean's reply:
Ok, so I am now going to empty the company bank account and head for a warm country with no extradition - again this falls apart because if I was going to do this I would have done it before the publicity and all the money that we have spent since. Why have my face all over the net and a far smaller bank account to rob?
Ok, but for this theory to work, there must be a lot more money coming in soon - from where?From Kent767:
100,000 units of a fake product? From book deals on the greatest prank pulled in the 21st century?? All seem more probable than free energy.Sean's reply:
Ok, now how much do I have to spend to rig a Jury? Where is my profit, all seems less likely than us being wrong.And to finish off the debate with Kent767, Sean updates us all on how much funding Steorn has at the moment:
Were does the 3 million number come from??? We have funding well in excess of 10 million. Your position may make some sense to you, but it is wrong - time will tell.Now onto Friday's update:
Well, instead of a press release kinda of thing we are going to do a video interview (its being filmed tomorrow). It will touch on a whole load of issues including the Jury.Along with details on FraudHalt and Steorn Nominees:
FraudHalt was a customer (I am still the CTO of the company) and Steorn Nominees was a holding company for our investment in Orbo Ltd.icuken asks if Steorn is still planning on having Dr. Mike visit:
First the position is unpaid and is due to historical reasons (I am the architect of their products).
Yes - I need to follow-up with Mike, will happen next week.Here are details about Steorn's licensing approach:
Our plan is an equal access plan. Following validation anyone who wants access gets its. We will not deliver products to market (the 100,000 units are really just validation) - at the end of the day the market will decide where the technology goes and at what pace.It was a breath of fresh air to have Sean back in the forums. Things have been awfully slow lately without real content. I look forward to watching the video on Friday!