Tilyoulives

Ascent Solar, Medis Technologies Both See CEO Step Down

Nah -- Medis isn't a case of "under deliver." It's a case of vaudeville dancing and plate spinning -- a total comedy.

Did you ever see a list of all the things Medis has promised since 1992? An anti-cancer vaccine (claimed to be in an "advanced" stage), a new refrigeration system (for which Medis claimed "major multinationals" has already "signed on"), a toroidal motor (in two sizes -- one for lawnmowers and pilotless plans, and the other for cars); a AA-format "supergreen" battory (for which Medis claimed to be building a manufacturing facility); inherent conductive polymers (500% better, Medis proclaimed!) for which it claimed it HAD manufacturing, and a medical device useful in cancern treatment which Medis claimed it was selling at the rate of 4 to 5 a month.

And that's a partial list - never mind all of its fuel cell and other claims (a device for removing water from the air, a device with a possibly application to levitate trains, etc.)

What's the chance a company in Israel which for most of its history had only 45 employees (or fewer) could accomplish all that?

Zero.

Medis has always been a joke. It produced NO REVENUE from products since inception in 1992. Why did ANYONE ever take it remotely seriously? (Barron's Magazine never did -- see their expose in August 2004 by Rhonda Brammer "Sleeper Cell").

And yet Medis burned through nearly half a billion in shareholder money.

huh!

Musta gone somewhere....

T


On Sep 24 12:58 PM solar everywhere wrote:

> MDTL - a notorious OPUD (opposite of UPOD), over promise, under deliver,
> for years.

The Good, The Bad, And the Inaccurate Oil Forecasts

"In the long run, supply increases. It takes a few years, but supply increases. Demand relative to output slows down"

Wow.

You must have missed one of Carmela's speeches in "The Sopranos" where she explains to Tony "let me tell you something, or you can watch the f**king news... everything comes to an end."

In the USA discoveries of petroleum peaked in the 1930s, and continued to decline thereafter. We still find petroleum, but we find less each year - and the individual fields are smaller and more expensive to extract. When production started to fall in 1970, it was inevitable -- you find less, eventually you produce less.

That pattern has been repeated in many countries before and since 1970. Worldwide, discovered peaked in 1964, and thereafter each year we find less, and we find fields that are smaller, and much more expensive to extract.

Eventually -- and this has also happened in some years in some countries -- the cost of exploration to find more doesn't justify what's found.

The added madness is we don't WANT to find more -- because we've also noticed that the more co2 pumped out by burning fossil fuels, the more the Earth's tempurature rises. We're at the stage now where a few more decades of that pattern could be catastropic permanently.

One of the factors overlooked by cornucopians (those that believe there will ALWAYS be more) is the decline in the qualtiy of what we discover. The percentage of copper in what made good copper ore was around 3%+ in 1850, but little over 1% by 1900 and 0.5% today. Similar things are happening with steel and other metals. One of the big undiscussed reasons for America's rust belt is the Minnesota Mesabi range with its mountains of 40% (and higher!) percentages of iron are gone now, as is most of the nearby antracite. The cheap raw materials that made Cleveland and Buffalo and Pittsburgh so rich are done.

Everything comes to an end.

Tilyou1