What is wrong with what Steorn is doing?

It was originally announced as 7/7 to go along with the concerts and festival to "Save the Nauga" or whatever we're saving that week.....

Now it's a "demonstration of an OU" device. Not an explanation? Not a series of schematics? Not the technical details?

Are we going to get another art gallery dealie? Machine running behind velvet ropes and everyone goes "Oooh!"

Pay no attention to that man behind the curtain!
 
Blight, If they've demoed for commercial entities in small groups and it actually works, I'd keep an eye on the commodities exchange. Watch the futures in permanent magnets! Phillips, Siemens, GE, Fujitsu, TECO, Westinghouse...... all of them will be buying magnet contracts for Aug 1.

If they've demonstrated a working device to intelligent commercial entities, then there would be no July Energy Fair presentation, because they'd have their billions locked down already.
 
Blight said:
As for why they're delaying, supposedly, they've improved on the design since then and they have demoed it in closed sessions for commercial entities.
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So what's all the business with the "jury" and "validation" for then?
 
I had a look at their site. Seems strange: in the Guardian article they're quoted as saying they had a working generator making more power than it was using three years ago. This is ridiculously easy to verify: they don't need a team of scientists hand-picked from five thousand.

By not responding to the Randi challenge they're just giving themselves bad press: since they are so sure that the thing works, they should just go ahead and win the million. That, of course, would be just the beginning: they'd be the kings of the world, with the greatest discovery in centuries.

At http://www.steorn.com/orbo/licencing/ they say that they will license their technology "for a nominal fee". Time will tell: for a certain amount of money, you might have access to as much energy as you want, or you might just have the right to make a funny machine with magnets.
 
Michael C said:
snip...

they should just go ahead and win the million. That, of course, would be just the beginning: they'd be the kings of the world, with the greatest discovery in centuries.
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Why win a million? They already scooped up nearly $20 million at current exchange rates. See link earlier in the thread.

In all seriousness, everyone should note that this is not a free energy machine but a quantum fibrous dissimilator. I have a beautiful schematic of one, but I can give you a broad outline of the underlying technology as follows:

Input: Old rope
...wir whiz bang...
Output: Money
 
The owner of the YouTube videos has made them private so you can't view them. The discussions on Energy Tracker and the Steorn Forum are pretty much same old/same old. The skeptics think Sean made a fool of himself, and the peanut gallery things he did just fine.

The dance continues. Evidently the jury still hasn't seen a working device, but are working on the maths that they're being fed. This gets stranger and stranger, frankly. According to Steorn the jury's been working since January, and they're still looking at paperwork?

He's now also making noises about the review process taking a couple of years! This seems quite a shift from their announcements in November and December that the process should be complete at the end of 2007.

Acme Goalpost Moving Company Ltd. seems to have the best chance of making money on this.
 
BillyJoe said:
And the jury happy with this?
How long can it be till one of them breaks silence.
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On one of the forums (Free Energy Tracker) someone has posted that there's one panel member who's ready to bolt. (Not sure if it's the same guy, but another juror's name has been leaked/confirmed. ) The comment in the post was that he feels the NDC is nonsense since they were misled and the intention is to defraud. This could all be wishful skeptical thinking. I'm just passing it along in the usual spirit... "it must be true, man, I heard it was on the internet".

When are they going to run with the money?
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With no published financials, this is the fun topic. They stand by their contention that they haven't raised any funds since they made their challenge advert in the Economist. But they seem to have lost money for the last three years, yet somewhere it's published that their last cycle of investments (presumably prior to last August) raised 8.4 mio Euros. Irish tax laws also make it advantageous to invest in companies that will create jobs in Ireland, so their contention that all their backing is in Ireland is believable.
 
Foolmewunz said:
The comment in the post was that he feels the NDC is nonsense since they were misled and the intention is to defraud. This could all be wishful skeptical thinking. I'm just passing it along in the usual spirit... "it must be true, man, I heard it was on the internet".
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This raises an interesting question, perhaps one of our forum laywer types could answer.

That is, how effective would an NDA be, if what they disclosed constitued evidence of fraud? If a jury memeber was to blow the whistle on them, would they be in any danger of being sued to death?
 
Looks like a few more updates from the SPDC.

Supposedly, stoern has published an experimental device specs (to the NDA closed SPDC forum) that explain some of the tech that is making some of the skeptics think there might be something there.
 
Blight said:
Supposedly, stoern has published an experimental device specs (to the NDA closed SPDC forum) that explain some of the tech that is making some of the skeptics think there might be something there.
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How do we know this if there's an NDA on it?
 
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