Cont: Brilliant Light Power Going To Market - Free Energy Generator Part 3

[davefoc]

The SunCell works. But, Mills has to pretend that he is still working on it because he's sold more than 100% of the company!

In the world of anything is possible...

 

[davefoc]

HappySkeptic99, did you see a prospectus for the 2016 offering? I just looked through something called the Second Quarter Update April 4, 2018 (https://www.brilliantlightpower.com...resentations/Second-Quarter-Update-040418.pdf) and one of the things that struck me was how positive all the statements were about the status of their research and product development. The thought occurred to me that Mills could be taking on serious legal jeopardy for some of this and that they would need to be a lot more constrained with the language in a real prospectus.


However, I also noticed something called a Safe Harbor Statement near the front of this document:

This presentation contains forward looking statements, including
statements regarding the company's plans and expectations regarding
the development and commercialization of our technology. All forward
looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those projected. ...

Is this enough to protect Mills? I doubt it if the prospectus was as unequivocal about how well everything was going with regard to BLP research and development as the Second Quarter Update was.


One thing that really sticks out about how crazy all this is to this former electrical engineer is the ridiculously over optimistic ideas that Mills has about product development. If he did have a functioning prototype they still might be years away from shipping their first real product. But that doesn't stop him from making ridiculous claims about how close they are to real product deliveries. But of course, Mills has never had a real prototype working when he goes off on his claims of imminent production devices. And, most of the time, people don't start the development phase before the research phase has provided proof of concept prototypes. I don't think Edison started spending money on the development phase of the light bulb as a product until his research phase had created a working light bulb prototype that could be a basis for a viable product.

 

[Mike!]

HappySkeptic99, did you see a prospectus for the 2016 offering? I just looked through something called the Second Quarter Update April 4, 2018 (https://www.brilliantlightpower.com...resentations/Second-Quarter-Update-040418.pdf) and one of the things that struck me was how positive all the statements were about the status of their research and product development. The thought occurred to me that Mills could be taking on serious legal jeopardy for some of this and that they would need to be a lot more constrained with the language in a real prospectus.


However, I also noticed something called a Safe Harbor Statement near the front of this document:





Is this enough to protect Mills? I doubt it if the prospectus was as unequivocal about how well everything was going with regard to BLP research and development as the Second Quarter Update was.


One thing that really sticks out about how crazy all this is to this former electrical engineer is the ridiculously over optimistic ideas that Mills has about product development. If he did have a functioning prototype they still might be years away from shipping their first real product. But that doesn't stop him from making ridiculous claims about how close they are to real product deliveries. But of course, Mills has never had a real prototype working when he goes off on his claims of imminent production devices. And, most of the time, people don't start the development phase before the research phase has provided proof of concept prototypes. I don't think Edison started spending money on the development phase of the light bulb as a product until his research phase had created a working light bulb prototype that could be a basis for a viable product.

You're just picking on him because he's breaking with tradition.

 

[davefoc]

You're just picking on him because he's breaking with tradition.

 

[Pixel42]

Soon it will make you sick but in another way.

How soon?

How would someone who cashed in their retirement savings to invest in Mills 25 years ago and retired 10 years ago be doing right now?

 

[Hans]

Development would have been faster with some support.

Oh no they've played the, 'it's the fault of you guys not believing in him' card....LOL

 

[tlp]

Countries that rely on fossil fuels for income should have been very interested in hydrinos...either to capture that market, or to suppress the idea.

Yes indeed.

 

[Kid Eager]

"Development would have been faster with some support" is a risible statement in that it assumes Mills sought to develop anything faster, or to actually receive support.

Put bluntly, Mills has assiduously avoided any relevant industry or subject matter expert support as it would have required showing what's behind the curtain - and that will kill the scam. His only support comes from naive investors and parties with a pecuniary interest in the scam being perpetuated.

 

[Squeegee Beckenheim]

The web like hydrino hydride compounds have been characterized.

Is that the stuff he claims is magnetic in the title of a video that shows it acting unlike something that is magnetic?

 

[halleyscomet]

Countries that rely on fossil fuels for income should have been very interested in hydrinos...either to capture that market, or to suppress the idea.

Well, that is why they have spies and agents within his organization sabotaging it. What? Did you think his consistent failure to produce a functional prototype despite literally decades of claiming one was around the corner was because he was a fraud or a moron? Heavens no! He’s the victim of an international conspiracy by organizations and countries that profit from fossil fuel. The only reason they haven’t just straight up assassinated him is because it would draw more attention than making him look like a con man.

One of these days his most ardent supporters are going to start an investigation. They will comb through the histories of everyone he can verify works or worked with Mills. Eventually, they will ferret out the agents sabotaging Hydrino technology. Why, I hear even Q has hinted at this being the REAL Russian Conspiracy.

 

[halleyscomet]

If someone was into conspiracy theories they might conclude that the reason for Mills' consistent history of failure is that he is being paid off by a foreign government to make it all look like a scam and divert attention from hydrinos. It would be great to receive extra pay for what he was already doing anyway!

Nonsense. Hydrino power would be a multi-Billion dollar industry. It would literally consume most the world energy market as fast as the generators could be manufactured. The bribes needed to keep THAT under wraps would be massive. No, far cheaper to place a few agents inside BLP to sabotage the operation and research. What do YOU think happened to the banks of devices Mills had been running for months on end back in the 1990’s?

 

[halleyscomet]

There have been many iterations of the SunCell reaction, don't make the mistake of conflating them into one entity.

The reaction is not self sustaining. As far as I'm aware there needs to be at least occasional pulses of high current to deal with the charge buildup (from ionized catalyst) that would inhibit the reaction.

If it’s not self-sustaining that I can’t be used for energy production. If it can’t produce enough electricity to provide those pulses by itself then you have a net loss of energy.

You just admitted it’s all a scam.

 

[W.D.Clinger]

How would someone who cashed in their retirement savings to invest in Mills 25 years ago and retired 10 years ago be doing right now?

markie, tip, and optiongeek may not realize that a lot of us science/tech nerds are really quite naive when it comes to investing our money.

Although this sequence of threads is in a science/technology subforum, its original and true purpose is to give financial advice to the naive. In the original post, nearly two full years ago on 9 January 2017, the ever-helpful michaelsuede wrote:

I'm here to let you know that free energy generators will be hitting the market within a year, with mass production ramping up rapidly within two years. If you're able to short energy sector stocks and hold the position long term, you will definitely make your money back.

A lot of the grief we've been giving markie and his fellow advocates of BLP is just sour grapes from folks who are kicking themselves for not investing $40,000 (which, as I understand, is the minimum investment—do I have that right, markie?) when michaelsuede advised us of this opportunity two years ago.

Just think how rich we'd be today if we'd gotten in on the ground floor thirty years ago by investing in the predecessor(s) of BLP instead of sinking so much of our money into Apple and Microsoft stock.

 

[PeterWol62]

W.D.Clinger:
It has never been possible to invest in BLP unless you were in some way an “accredited investor” which means already wealthy if you are an individual rather than a company. (Options for staff excluded, of course.) Still the same situation, as the Senate seems to have killed HR1585. And by the way the $40 000 minimum is just the value assigned - by BLP - to each share at the 2016 offering. If, like me, you might find $40k, well it does not permit you to buy a share, even from an existing shareholder.
MichaelSuede’s suggestion of shorting energy stocks is of course valid, and Put options are the safest way to limit losses. But, be a bit too optimistic about timing and the options expire, worthless....
As BLP have recently appointed a “Transfer Agent” (Carta) it is possible that they are preparing for an IPO. That would surely be a flop unless they can produce some really convincing results, publicly demonstrated. And in that case the share price would be at least $100 k so a split would surely be necessary if small investors were to participate. Note that this paragraph (after “Carta”) is just uninformed speculation on my part: I have no access to privileged information.

 

[W.D.Clinger]

On 25 January 2017, PeterWol62 wrote:

And by the way, I totally support every word posted here by MichaelSuede.
But you probably guessed that.

Today, in his ninth post at ISF, all within this sequence of threads, PeterWol62 wrote:

It has never been possible to invest in BLP unless you were in some way an “accredited investor” which means already wealthy if you are an individual rather than a company.

According to Investopedia:

To be an accredited investor, a person must have an annual income exceeding $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income in the current year....

A person is also considered an accredited investor if he has a net worth exceeding $1 million, either individually or jointly with his spouse.

The article goes on to give an example, from which it is clear that 401(k) accounts count toward the net worth. A married couple in the San Francisco area, both working as software engineers, would probably qualify on the basis of annual salary. So I'm sure some of the folks participating in this thread qualify as accredited investors, even if they might have to sell some of their Apple or Microsoft stock before making a major investment in anything more esoteric.

From that same article:

While hundreds of business ventures are eagerly awaiting capital funding from such accredited investors, it’s the individuals with deep pockets who need to remain aware about the high risks involved in such ventures.

As BLP have recently appointed a “Transfer Agent” (Carta) it is possible that they are preparing for an IPO. That would surely be a flop unless they can produce some really convincing results, publicly demonstrated.

We can only hope.

 

[Myriad]

The last investor in 2016 was Carlos Slim. He invested 10 Million, at the highest valuation yet. I no longer have access to the financial data I was looking at, but from memory the valuation was around 6 Billion dollars.

Does that mean his $10m investment only bought him a less than 0.2% equity position in the company?

 

[JeanTate]

As of today, we have to wait a mere 29 (59) (-3) days before the world has concrete, independent, evidence of the existence of a hydrino-powered generator. So sayeth markie and tlp/Holvestott.

What happened to michaelsuede, who began this epic set of threads on BLP etc? His last post in the ISF seems to have been on 3rd June 2017, 10:39 PM. In the original 2017 thread. Did he make a bet? If so, did he pay out? Stay tuned!

And the partial Mills fan, from the 2010 thread, Bishadi? Well, the account is banned, and the last post (dated 4th April 2011, 04:46 AM) seems to have had nothing to do with BLP/Mills, etc.

As of today, we have to wait a mere 28 (58) (-4) days before the world has concrete, independent, evidence of the existence of a hydrino-powered generator. So sayeth markie and tlp/Holvestott.

I had planned to write about the OP - michaelsuede - and his 2017 bet, but three remarkable posts yesterday trumped my plan. In no particular order:

Development would have been faster with some support.

Of course, Mills would have attracted $billions in support if he'd chosen to act like a real scientist and inventor. Something as simple as shipping a gram of a hydrino compound to a truly independent test site would have guaranteed fame and fortune far beyond the mere $tens of millions he's scammed from investors so far.

The problem you and others have is, no 'commercial device' is just about all your vision entails.

Ignoring the title of this thread (Brilliant Light Power Going to Market - Free Energy Generator), and the OP, perhaps the most, um, ridiculous thing about this comment is that 'commercial device' is what Mills has been banging on about for three decades or so. On top of that, almost every critic who's posted to this thread has said, in one way or another, that a commercial device (or working prototype) would be the existence proof they'd need to change their minds,

Thats why Mills won't send prototypes to independent test sites. He'll need to make a product before too many takes his seriously.

Initially I thought this was a joke, but it's fully consistent with tlp's posting history in this thread. And there's just too much internal inconsistency to write about, let alone all the external inconsistencies. So I won't even try.

 

[Hans]

The best thing to do at this time would be to put this thread into hibernation until Mills produces a commercial product. The constant attempts by the believers to try and find some shred they can based their hopes on has become boring and repetitive.

Unfortunately their goal or 'job' is to unceasingly try to create the idea there is some hope or possibility in this long running scam - so stand by for endless repetition!

However

Maybe Mills will sell out and retire - perhaps he has sensed that the game is up.

 

[jonesdave116]

The best thing to do at this time would be to put this thread into hibernation until Mills produces a commercial product. The constant attempts by the believers to try and find some shred they can based their hopes on has become boring and repetitive.

Unfortunately their goal or 'job' is to unceasingly try to create the idea there is some hope or possibility in this long running scam - so stand by for endless repetition!

However

Maybe Mills will sell out and retire - perhaps he has sensed that the game is up.

Indeed. It has no more scientific validity than the Electric Universe woo. Which I believe MichaelSuede is also a fan of. Rendering him scientifically illiterate, in my opinion.

 

[davefoc]

The best thing to do at this time would be to put this thread into hibernation until Mills produces a commercial product. The constant attempts by the believers to try and find some shred they can based their hopes on has become boring and repetitive.

Unfortunately their goal or 'job' is to unceasingly try to create the idea there is some hope or possibility in this long running scam - so stand by for endless repetition!

However

Maybe Mills will sell out and retire - perhaps he has sensed that the game is up.

For me, BLP has been interesting for a long time. Not so much because I thought there was a substantial chance that any of Mills's gadgets would work or that there was something to his science. d. I never believed that and over time have moved to the point of near certainty that BLP will never produce a device that produces more energy than can be explained by routine physics.



What has interested me is what is it like on the inside of the company. What do the technical insiders think of Mills? How many of them realize that they are working on something wildly unlikely to be a success. I have some experience with this kind of thing. I spent a couple of years of my life working for a company that I thought had almost no chance to succeed. It was difficult for me. In the end they were paying me and maybe that was enough. I am not proud of the cowardice I demonstrated when I didn't get out. I wonder if anybody on the inside has openly copnfronted Mills about the lack of real objective analysis that might find that his gadgets aren't really working. I wonder what Mills has to say candidly after each new failure.


It seems more likely now than at any time I've been following this that Mills might run into legal troubles. No matter how strong the disclaimers are in the propectus's that he puts out are, if they contian exaggerations about the viability of the company's technology that might be shown to contain known falsification of data Mills might find himself the target of some legal action by people who want their money back.