Rothman Confirms Maxxam Tested His Process
As we observed, Alternative Energy Corporation makes some rather strange claims about Maxxam Analytics testing their process in 2003-10-07. On 2003-09-22, the company bought a Hydrogen generation process from an inventor whose name they did not disclose at the time. Some time in 2004, they stopped working with the inventor and in 2004-10-22, sued him, claiming, among other things, that his process does not work. From 2005-Q2 report
On October 22, 2004 we sued Russell Rothman in the Ontario Superior Court of Justice (Case No. 04-CV-277760CM2). We are seeking the rescission of agreements between us and Rothman, return of shares paid to him, and return of money paid. We had entered into an agreement with Rothman for the purchase of certain technology related to the production of hydrogen gas. Rothman represented to us that he had all right title and interest in the technology and had the ability to sell the technology. We alleged in our lawsuit that Rothman had in fact sold the technology to other companies, and on more than one occasion, prior to entering into the agreement with us. We additionally allege that the technology he purported to sell did not work. We do not rely on the Rothman technology for the production of hydrogen. We have developed our own proprietary processes for producing hydrogen. Rothman has counterclaimed against us for breach of contract in the amount of $2 billion and is asking for punitive damages in the amount of $10 million. We believe that the counterclaim is completely without merit. Mr. Rothman's attorney has withdrawn from the case and the Court has ordered Mr. Rothman to obtain new counsel by July 28, 2005.
So they have developed another process. But it seems strange that they still claim that
The output from the AEC process was certified by Maxxam Analytics, and analytical laboratory company in Canada, to be 99.9% pure hydrogen on October 7, 2003.Really? Two weeks after buying Rothman's process and a year before suing him they took a different process to Maxxam? That's strange. The company was, apparently, still working with Rothman as late as
2004-05-25. Rothman has told me that he was present at the tests at Maxxam, and that it was his process they tested.