|
| |
Another Recollection of Tilley Scam
Potential investment group in endless charger technology backs out in Fall
2002 when demands get ridiculous.
Back-up from: Discussion
forum
Responding to: Sterling Replies to Littlefield's Slam of
His License Proposal
Name: informed
Date Posted: Aug 1, 03 - 2:17 AM
Message:
Yes, I was in discussions with Doug Littlefield also. This was at a time when the buyout price
jumped from two billion to an astounding figure of ten billion (yes Billion). I remember the people
on my side of the fence were shocked. At the time, General Dynamics (a multi billion dollar defense
firm) was for sale at one fifth the price Tilley was asking. Though shocked, my associates were
still willing to talk. Tilley only needed to perform one thing to keep the ball rolling. That one
simple item was to drive the car to California. I informed Doug of this and he came back at me
somewhat nasty saying Tilley had refused to do this (supposedly for security reasons) and that it
was up to us to come to Tenn. to view the car. Would we be able to take the car on a thousand mile
ride? Answer, NO. Hearing this, my associates started getting very leery of the whole deal, and the
claims. They wanted to see independent testing reports confirming that the device worked. When I
informed them that there were no independent reports to be had, the whole deal was off. This was all
happening right before the racetrack test day and Tilley had everyone convinced that the device
worked. By the way, this was with a single device, not two. Doug informed me that others were
interested in buying the rights outright, including a major ATV manufacture. I remember being upset
at my associates for not pursuing the matter, thinking we were giving up on a great opportunity.
Looking back, I'm glad they were aware of all the fraudulent scams going on in the energy business,
or I'd be hiding out in the boondocks right now.
Page posted by SDA August 7, 2003
Last updated November 02, 2006
|
