A booming segment of the Perpetual Motion Machine industry is capitalizing on the hype over the "Hydrogen Economy" with claims to produce Hydrogen for impossibly low cost.

2005-07-03

Alternative Energy Corporation vs Rothman Part 2

In 2004-October, Alternative Energy Corporation claimed (among other things) that the technology they acquired from Russell Rothman "did not work". AEC originally acquired a 40 year license to the Rothman technology in 2003-July. In 2003-September, they purchased an interest in the to be filed patent stating
"The unanimous decision to buy out the technology was based on a number of re-affirming test results which were recently conducted - in particular, the successful joint fuel cell test. These technology-validating trials confirmed in our minds that we needed more 'skin' in the game, as it represented an enormous business opportunity for our company and its shareholders," said Froats.

That's difficult to reconcile.

Once the company realized that the Rothman technology wasn't working, they had an obligation to tell shareholders. The first oblique disclosure of a problem was the annual report for 2004. So they must have discovered that the Rothman technology "did not work" rather recently, perhaps after the 2004-Q3 report. Yet it seems impossible that it would have taken AEC from 2003-July when they first licensed the technology till mid 2004 to determine that.

There is an apparent anachronism in Alternative Energy Corporation's continuing claim that Maxxam Analytics tested their process on October 7, 2003. That was only weeks after they purchased the Rothman technology, and more than a year before the company announced any problems with it, so, presumably, that's what they were testing. But AEC isn't using that anymore, since it "did not work". So it makes no sense for AEC to claim now that Maxxam has tested their technology.

44 Comments:

Blogger nbcows said...

you are a pain in the ass.

July 16, 2005 7:46 PM

 
Blogger puwt74tlik said...

This comment has been removed by a blog administrator.

August 14, 2005 10:30 AM

 
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

August 14, 2005 2:08 PM

 
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

August 14, 2005 2:13 PM

 
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

August 14, 2005 2:52 PM

 
Blogger frway said...

Chip do you EVER say anything that is intellegent! All speculation and mostly just irresponsible Bashing!! Your personality disorder is showing MDDV

September 20, 2005 7:45 AM

 
Blogger frway said...

Its time you shut your Rag (Free Hydrogen) down! Its full of lies and distortion of the truths!! You guess at most everything you print and give only your twisted views! You never get the view of the victim you are attacking!! I call that very poor reporting!! As for Rothman he did sell it 3 times and even tried to sell it four time but the 4th victim from Ottawa discovered his Fraud and left!!

September 20, 2005 8:26 AM

 
Blogger john lichtenstein said...

Typical of AEC and its boosters, you provide no evidence to support your assertions.

September 20, 2005 9:05 AM

 
Blogger frway said...

As usual John you will always distort the truth!!

September 20, 2005 3:07 PM

 
Blogger frway said...

Your days are numbered Basher! Everyone is fead up with your lies and distortions!!

September 20, 2005 7:13 PM

 
Blogger frway said...

What is the Bank you work for going to do when they discover that you have been Bashing thier possible clients!! NOT GOOD!!

September 20, 2005 7:21 PM

 
Blogger frway said...

What do you think of the possibility That someone might think of sueing the Bank that you are Bashing from!! Im going to recommend that to AEC! You are representing the Bank!!

September 20, 2005 8:01 PM

 
Anonymous Anonymous said...

Freeway, I think you are jealous of Rothman. Who is the poor victim in Ottawa? The one that own's granview corp, who is commiting fraud by taking money up front to assess businesses for VC? Why does Nabil Matola live in Ottawa, but his business phone number is a fax number in the USA? Because what he is doing is illegal in Canada!!!Check it out, you accuse John but
he is more through than you are!!!

September 20, 2005 8:33 PM

 
Blogger frway said...

Nope he made a mistake and tried to con a group that one was a Judge!! Big mistake!!

September 20, 2005 9:13 PM

 
Blogger frway said...

Whos freeway???

September 20, 2005 9:15 PM

 
Blogger frway said...

Anyone that is ANONYMOUS is not CREDITABLE anywhere anytime !! Step up and be counted!

September 20, 2005 9:29 PM

 
Blogger frway said...

We can see it now John $$20,000,000, $$30,000,000. PLUS You will be FAMOUS!! But no one will ever hire you again!! You might even get a Movie contract for being the biggest loser Basher in the good old USA!

September 20, 2005 9:34 PM

 
Blogger john lichtenstein said...

If you want to talk about me and my day job, start your own blog. Why don't you post Tony Royal's Confession of a Paid Basher on the off chance readers can't tell from your spelling and punctuation that you are a complete goof.

September 20, 2005 9:35 PM

 
Blogger frway said...

Is that the best you can do John?

September 21, 2005 3:31 AM

 
Anonymous Anonymous said...

What I dont understand is why you would talk to Mr. Rothman and not the company.

This is not investigative reporting if that is what you are attempting to do here.

You seem to have an agenda.

September 22, 2005 5:31 AM

 
Blogger frway said...

This comment has been removed by a blog administrator.

September 22, 2005 8:29 PM

 
Blogger frway said...

J L is now moving the RB board over to this Rag (Free Hydrogen) ! Hes going to have all the Pro Basher scum here, the Bank he works/worked for is going to be here, Argy shareholders are going to be here and everyone that posts on the old Argy board are going to be here! This looks ok!!

September 23, 2005 6:50 AM

 
Blogger frway said...

John why dont you delete all your reports on this rag Free Hydrogen and start from scratch and this time do it without lies and distortions and Bias reporting!!

September 23, 2005 7:56 AM

 
Anonymous Anonymous said...

Mr. Investigative Reporter.

Why have you not contacted the company. Perhaps you are afraid to. All talk and no courage.

You just might find out that you are completely off base on everything that you are trying to ram down the throats of those not in the know.

Give it a try little guy.

There is an old saying that a bully is nothing but a coward in disguise. And that certainly applies to you.

September 25, 2005 9:08 AM

 
Blogger frway said...

Thats the real truth! This Rag is run by a lying coward!

September 25, 2005 9:12 AM

 
Blogger frway said...

This comment has been removed by a blog administrator.

September 25, 2005 9:14 AM

 
Anonymous Anonymous said...

I might point out to you that a large number of shareholders are becoming very angry with you. And to such an extent that they are considering flying to Calif and paying you a visit. And are considering a visit to your place of work as well.

Better start looking over your shoulder little guy.

September 25, 2005 9:23 AM

 
Blogger frway said...

This comment has been removed by a blog administrator.

September 25, 2005 11:09 AM

 
Blogger frway said...

Over 80 visits since last Friday John, we're making you famous!! You will be in the movies soon at least for one movie! And then off to the McDonalds kitchen with you! Gee John all you had to do was tell the truth for a change!!

September 25, 2005 11:31 AM

 
Blogger frway said...

By: chipotle_pickle
03 May 2005, 11:40 PM EDT
Msg. 24392 of 26976
(This msg. is a reply to 24387 by outlaw_beach.)
Jump to msg. #
Outlaw - I rub salt in the wounds of the saints to make their righteousness more manifest. I separate the goats who hold this stock a while and get a little burnt from the sheep who stay in the very end, sacrificing everything. It's an acquired taste, but, yes, I have come to enjoy kicking people when they are down. (SO IT IS A SICKNESS THAT YOU HAVE JOHN) NOW WE ALL UNDERSTAND WHY YOU LIE, DISTORT AND ARE BIAS IN YOUR REPORTING ON THIS RAG! It all must stem from your Personality Disorder! MDDV (manipulation, deception, dishonesty and vengefulness) You are a very ill person and should get medical help!

September 26, 2005 2:16 AM

 
Blogger frway said...

Well everyone John is coming back with a whole new string of lies about! This one will be a pip! AEC wouldnt talk to him!!

October 02, 2005 9:24 PM

 
Blogger john lichtenstein said...

Despite their refusal to answer my questions, they can always respond here. Or, even better, they can straighten out their web page and Edgar filings. It's not me hacking into their site responsible for them still claiming that Maxxam tested their process, when they tested Rothman's.

October 02, 2005 9:54 PM

 
Blogger frway said...

Is that the best lie you can do John the truth is the company asked for John address and phone number so they could have a tecknical person call him and John wouldnt give it to them!! John likes to lie alot!!

October 03, 2005 12:43 AM

 
Blogger frway said...

How can the company call John it he doesnt furnish them with a phone number!

October 03, 2005 12:47 AM

 
Blogger frway said...

The real truth is coming!!

October 03, 2005 7:46 AM

 
Blogger frway said...

Chip says the company wouldnt talk to him!! Note this: 1 of 4!!From: Blaine Froats
Sent: Tuesday, September 27, 2005 2:28 PM
To: 'john lichtenstein'
Subject: RE: High voltage electricity required for electrolysis

Dear Mr. Lichtenstein,

Thank you for your inquiry.

We have checked our shareholders list and you do not seem to be on it
however, your name seems familiar to me.

Would you please supply us with a telephone number and an address so
that you can be placed on our mailing list. Once received we will have
one of our technical representatives contact you.

Yours truly,

Blaine Froats

October 03, 2005 10:25 AM

 
Blogger frway said...

Had a great Banking day John!! They really dont like you very much!! Now they really dont like you very much at all!! Liars like you never prosper!!

October 04, 2005 5:48 PM

 
Anonymous Anonymous said...

Well we are all waiting John!!

October 05, 2005 3:15 PM

 
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

November 08, 2005 1:14 PM

 
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

November 08, 2005 1:16 PM

 
Anonymous Anonymous said...

you are just a foolish man who is always on the run. Look over your shoulders, i think certain individuals may be after you.

November 08, 2005 6:06 PM

 
Blogger sayed said...

You are nothing but a joke, thanks for the laughter. Good medicine is hard to find.

November 08, 2005 6:12 PM

 
Blogger prettyinpinky said...

goodbye john...

November 10, 2005 1:19 PM

 
Blogger prettyinpinky said...

t Wi st ed.. un Sc rup Ulou s.. to asT.. es opha Gus.. bRoKen neEdl e iN e Y E

November 10, 2005 1:22 PM

 

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