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    Re: Revolutionary “New” Energy Source Has Been Neglected For Over 125 Years (Score: 1)
    by Overtone on Thursday, February 08, 2007 @ 14:53:41 UTC
    (User Info | Send a Message) http://www.magneticpowerinc.com
    Ryan,

    We have never asked anyone to invest without performing Due Diligence. Only individuals who meet the SEC Accredited Investor rules ($1 million net worth or $200,000 if single or $300,000 if married) are eligible. Technical and financial information is provided in depth with a signed NonDisclosure Agreement. Development stage firms are high risk and the fact that a total loss of any investment is possible is stated in capital letters. Several investors and advisors have visited our labs. 

    Hot fusion is a better illustration of your argument about people asking endlessly for further funding. Hundreds of billions of dollars over a period of decades and no experiment that has ever reached breakeven, let alone gone Over Unity. The scientists working on it have stated they hope to have a prototype by 2025 and a possible power plant by 2050. Ironically, the local utility, Pacific Gas and Electric Company, is the largest in the U.S. and has openly stated they would not want such a power source, even if it became available. They have had enough problems with nuclear power and neutron production from fusion remains a serious problem. Interestingly, PG&E again visited our website today.

    As hard as it may be for you to believe, we are not interested in following the path you suggest for sound reasons. 


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