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.

2005-09-03

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 Rothman's attorney has withdrawn from the case and the Court has ordered Mr.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.

20 Comments:

Anonymous Anonymous said...

This comment has been removed by a blog administrator.

September 03, 2005 3:51 PM

 
Anonymous Anonymous said...

You are out to lunch. I have a friend a Maxxam and was told that the gas was tested for purity and not at all for volume. Get you facts straight.

Stop misleading people.

September 20, 2005 3:44 PM

 
Blogger john lichtenstein said...

They tested Rothman's process. So it makes no sense for them now to claim that they tested their process. Look up anachronism.

Believe what you want about what tests they ran. I don't have their report, so I don't know what's in it. But since they went to all the trouble to drag the setup into the lab, if they had Maxxam check the purity only that sure was dumb. Maxxam could have told them about the flow rate and cost right then!

September 20, 2005 3:58 PM

 
Anonymous Anonymous said...

You just said "They tested Rothman's process."

They did not test Rothman's process they tested the gas for purity. Can't you read either.

Maxxum was not asked to do anything else.

Stop guessing and just deal with the facts. You don't know why they were not asked to do anything else.

Again you are misleading anyone who reads this rag.

September 21, 2005 2:32 AM

 
Anonymous Anonymous said...

And that begs another important question.

Why will you talk to Rothman and not the company? Are you purposely taking one side of the story.

A good investigative reporter would contact the company with a list of questions and to my knowledge you have not.

They won't bite you little boy.

My conclusion is that the site is a joke,you have a bias and that is why you are reporting this way.

Keep in mind that the SEC if made aware of this would go after you as you are deliberately trying to effect shareholder value.

This is called stock manipulation and that is a no no Mr. Chip.

September 21, 2005 3:18 PM

 
Blogger john lichtenstein said...

The company frequently doesn't answer questions. Email bounces. Or the mail bounces but they never answer. Or they answer but only to say that they aren't going to answer. I've got a limited amount of time for this and the company is just a barren source of information.

Why don't you send a complaint to the SEC about the blog. You might want to reference AEC's CIK, 0001075773. Email enforcement@sec.gov.

September 21, 2005 9:14 PM

 
Anonymous Anonymous said...

frankly that is complete nonsense. I email and talk to the company several times a week without any difficulty. And when Suzanne Brydon cannot answer my question because it is over her head then I speak to Blaine Froats directly.

The companies computer is firewall protected and rightly so. But if I can get through and you can't then it begs the question "What are you sending them"

If the company was trying to stonewall then why would Blaine Froats be so readily available. Also why would they go to the expense of paying Suzanne Brydon to handle all inquiries.

Frankly you dont make sense to me.

September 22, 2005 5:20 AM

 
Blogger frway said...

The only complaint Im sending, to the SEC is against you as a Stock Manipulator! You have a long record of distorting the truth about this company!

September 22, 2005 6:16 AM

 
Anonymous Anonymous said...

You seem to take shots at many companies - I think investigative reporting is important and has a place, but I don't understand your 'mean streak' towards all these companies. Can you explain ? What if you are wrong, you may have hurt a lot of good companies and people. Just a thought.

November 07, 2005 7:36 PM

 
Anonymous Anonymous said...

Are you for real or are you a stock manipulator like many say ? I am 84 years old and worked hard to build this country and don't appreciate people like you tearing away at the foundation of our economy. All these folks are trying to build something - something that can help our energy crisis. If you are so critical about all these companies, what do you do to 'build' our economy versus destroying it. It's easy to criticize - hard to create. All this negative talk is just rubbish - get the facts - meet these individuals - too many clerks hide behind a keyboard these days. What you are doing is in my opinion counter-productive. Do you work for a living, because it seems like you have a lot of time on your hands ?? If you don't, then I know the military can use young people - I know a recruitment area near your area - that is honorable, this is infantile. Our boys are fighting face to face overseas -with their lives. I find your actions cowardly - back in our day a man was a man. You would be considered a disgrace in my family by not having an honorable profession(again, do you?). It appears that you are one of so many that can't find anything else, so they become teachers or dime-a-dozen critics. Maybe I've got you all wrong, but it seems like you are handling this like a woman (no offence to our female readers, of course) - convince me otherwise.

November 07, 2005 8:03 PM

 
Blogger john lichtenstein said...

The bias is because I only write about companies who need a good teasing (or more). I don't write positive pieces; that's what PR is for. If Shell or BP comes up with a great tweak to Fischer-Tropp and builds a coal input to a gasoline refinery someplace, they can make their own noise about it and don't need my help.

Good companies and good people who thought before they issued press releases would have good answers to the problems I point out.

November 07, 2005 8:50 PM

 
Blogger john lichtenstein said...

Who says I am a stock manipulator? What evidence do they present? Have they ever contacted me, or do they hide behind keyboards like clerks? I see you are anonymous.

November 07, 2005 9:05 PM

 
Anonymous Anonymous said...

nice townhouse

November 08, 2005 10:49 AM

 
Anonymous Anonymous said...

Is it true that you were arrested in 1998 for sexual molestation of a child ? You are one sick puppy.. and you are trying to redeem yourself this way ??

November 08, 2005 11:06 AM

 
Blogger theKirkness said...

stock manipulator? jesus people. this is a blog and in no way a credible source for anything.

i lie and make shit up on my blog all the time, and if he wants to have a bias slant its his right, and opinion.

get a life and go to a real info site.

-random reader that knows nothing about whats being discussed here.

December 28, 2005 9:05 AM

 
Anonymous Anonymous said...

That is precisely why blogs should not be accessible from search engines, as anyone will believe anything. If you want quality reporting, you still have to go with the news agencies...which is really just a shame as it is very difficult to get word out in some of those papers like WSJ or FT...

February 27, 2008 10:12 PM

 
Anonymous Anonymous said...

the interest off my checking account worth more than the whole company.WHO CARES

June 23, 2008 9:57 PM

 
Anonymous Anonymous said...

Russel Rothman WON the suit. He WON against Alternative Energy, and his processes are endorsed and legitimate.

The truth must be known!

Stop bashing this innovative thinker and let him get back to his life.

January 08, 2013 8:55 PM

 
Blogger john lichtenstein said...

Back in 2008? Was this before or after the reverse takeover to the oil company? Were you able to recover any costs?

January 08, 2013 9:11 PM

 
Blogger john lichtenstein said...

Russell always knew that AEC was making dishonest claims about his process in their representations to shareholders. First they lied and said that the process was much cheaper than it is. And that it wasn't his process they were using. Then they lied and said it didn't work at all. He had a responsibility to speak out when they first started lying and didn't.

January 08, 2013 9:21 PM

 

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