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.
14 Comments:
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August 14, 2005 2:08 PM
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August 14, 2005 2:13 PM
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August 14, 2005 2:52 PM
Typical of AEC and its boosters, you provide no evidence to support your assertions.
September 20, 2005 9:05 AM
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
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
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
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
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
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
Well we are all waiting John!!
October 05, 2005 3:15 PM
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November 08, 2005 1:14 PM
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November 08, 2005 1:16 PM
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
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