The Tom Bearden
|From: "Tom Bearden"
Subject: RE: Best of Luck with the MEG!
Date: Sat, 21 Apr 2001 23:55:49 -0500
Nice to hear from you again, and hope things go well with you. Also appreciate the kind words.
We are continuing to try to get the necessary funding to get on with it. Biggest problem (at least in the U.S.) is this: It is considered as "disruptive technology". Seems few agencies and few investment groups with substantial commitment to the normal power industry stuff, are interested in anything that will "disrupt" the normal way of doing things! That includes the investment community, the scientific community, most of the government community, etc.
At least in some places overseas this does not appear to be the case. It begins to look like the best chance of getting a sufficient energy program going and "get on with it" may be with one or more of the overseas groups.
But we are proceeding, and will not give up. We have filed two patents already, and a close colleague and I are filing a third very shortly. Will also have a book coming out next year, published by World Scientific. There we expect to rather much "let it all hang out" and show some things we have not released before.
but I really did not realize the extent and depth of this outright phobia against "disruptive technology". Now we do. It's really something when a major investment group will spend about $150k for independent technical assessments and due diligence, and then back away because it is disruptive!
Nonetheless, we live and learn. So it looks like we have to get an education in yet another facet of the game.
Hang in there and good luck to you!