2008-07-11 16:07:28.406892+00 by meuon 6 comments
Sustainable Power Corp claims "Vertroleum" can "burn at near 100 percent efficiency, leaving behind neither heat nor pollution as proof of the chemical reactions taking place". Prepare for a penny stock scam ala Steorn. 3 billion shares of their "penny stocks" could be pumped and dumped making them rich, without much of a real product. Still. I hope.
[ related topics: moron Currency Economics ]
comments in ascending chronological order (reverse):
#Comment Re: made: 2008-07-11 16:21:17.105798+00 by: JT
Here's the person website for CEO John H Rivera complete with video link to Sustainable Power Corp on the main page.
Welcome to JHRIVERA.COM, the "officially" unofficial website for John H. Rivera and his unbelievable new technology dubbed the RIVERA PROCESS.
The following pages will take you into a world of pictures, videos and supporting documents that will dazzle your mind and stir your imagination. As you see test results, pictures of plant developments and testimonies supporting the RIVERA PROCESS, you will agree the future in energy technology has arrived.
Smells fishy to me for some reason.
#Comment Re: made: 2008-07-11 16:38:19.909858+00 by: Dan Lyke
Yeah, because a company with the "...exclusive rights to develop and manage a portfolio of green energy plants..." (ie: shell corp) of a company named "U.S. S.E.C." ("no, silly, not that S.E.C., but of course we're just as reputable"), a Mississippi front for a Dominican Republic company(? not entirely clear there...) which uses a stock investor relations services company out of Novato, and funny that it's the same one for both of the companies above and the contact on the "whois" record for the former company, must be on the up-and-up...
And, of course, the fact that both have a "careers@..." email address, but no particular active job openings.
Yeah, I'm not going to dig too much further lest I post something that might attract negative attention from them...
Giggle.
I should really set up a filter on my spam mailbox looking for stock symbols to try to correlate these sorts of operations to pump-n-dumpers.
#Comment Re: made: 2008-07-11 17:07:03.981257+00 by: m
Seems one of the major touting points is that the term Vertroleum, HAS BEEN TRADEMARKED, and is already listed on Wikipedia, which we all know major veracifier of all things in the actualverse.
But even Wikipedia classified the Vertroleum entry as spam and pulled it.
Undoubtedly there will be an endless number of scams involving pollution free energy sources. But this one really has to be unique with claims that "no heat or pollution is left behind" as it burns with near 100% efficiency. Does that mean that it yields no calories on combustion?
#Comment Re: made: 2008-07-11 17:50:48.814192+00 by: petronius
Actually, Vertroleum's claims are correct, since you will be able to buy millions of share of their stock and be left with nothing at all!
#Comment Re: made: 2008-07-11 17:51:15.987986+00 by: Dan Lyke
While we're giggling over overblown prose, how about these guys:
As a result, rather than covering a roof with expensive solar cells (the semiconductor devices that transform sunlight into electricity), the cells only need to be around the edges of a flat glass panel. In addition, the focused light increases the electrical power obtained from each solar cell "by a factor of over 40," Baldo says.
A factor of 40? So if they're comparing to your average solar cell at 30% efficiency, they're claiming 12kW per square meter? Woot! Damn your antiquated laws of physics, we've got a kilowatt in, twelve out! It must be true because an MIT professor tells me so!
Uh. Yeah. I guess what they're really talking about is that they've got a factor of 40 over solar cells the width of glass thickness placed perpendicular to the path of the photons. Doesn't sound that hard to accomplish when we put it that way...
#Comment Re: made: 2008-07-12 21:10:58.244649+00 by: Mark A. Hershberger
http://www.crummy.com/features/StockSpam/
Dan, Leonard Richardson has already set up a "Stock Spam Effectiveness Monitor". If you want to do something, that might be a nice place to start.