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Re: Re: Re: MPI - Executive Summary updated (Score: 1)
by mach946 on Thursday, August 31, 2006 @ 21:49:39 UTC
(User Info | Send a Message)
All good points, and valid they are. Yet you are still not addressing the main point, and that is the fact that this technology has existed before and was shot down by governments that have a vested interest in centralized energy production, energy that can be taxed. I totally understand what you are conveying with regards to bringing this new technology to market. But do you understand the inertia you and those before you are encountering trying to bring such technology to market in countries that are predicated on centralized energy? I stated earlier that the United States has a law that enables them to put a gag order on such potentially economically disruptive technology, as I would assume other countries like Great Brittain, Russia, etc do to. What are you prepared to do to get around such measures? How are you prepared to go up against countries like the United States and others who will gladly go and start wars just to control oil? Countries that will spill the blood of our most precious asset; our young men and women in the military, who are sent to wars predicated on controlling oil? You can apply for all the patents you want, but if it is in countries predicated on a centralized way of producing energy, you will fail.
Just like Tesla, and all the others. IM interested in how you will get around this. It's not the lack of physics describing such an invention nor is it anything else you pointed out that will slow you down. It's the institutions that have an idea of when such devices shall be mde available that you have to address, and you have not done that. Until you figure that out you are destined to fail. Look at all those before you.2008 will have come and gone and I will say it again, and nothing will be on the market...NOTHING! until you guys figure out how to be just as ruthless and covert as our governments are. Remember what I said 2008.


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Re: MPI and RTS - Capital Desired (Score: 1)
by Overtone on Friday, September 01, 2006 @ 00:25:17 UTC
(User Info | Send a Message) http://www.magneticpowerinc.com
We believe we can utilize $100 million USD in MPI, but would like most of that to come from revenues and other non-dilutive sources of funds.

More than the $30 million you mention is presently pending.

All high tech firms in the U.S. without revenues have had great difficulty raising capital since the dot.com crash. It is beginning to change, but not as rapidly as we would like.

We can utilize another $100 million to accelerate Ultraconductor development. $18 million over the next three years will get us to wire. That should trigger substantial license revenues. Some substantial Ultraconductor transactions are also presently in the hands of potential large funders.

The most urgent need is modest additional working capital from Angel investors who meet the Accredited Investor rules of the SEC. If they are U.S. citizens they need a net worth of $1 million or more, or an income of $200,000 USD. In Canada, each Province has its own requirements.  Tthey usually require a smaller net worth than is the case in the U.S.

Mark




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