Originally Posted by diarmaid .....You can 'prove' many times over that a thing is true....etc...etc... |
Do I need to repeat myself? I will anyway; "The second type is the shyster who knows all the jargon to delude gullible journalists and investors."
Back in the early 1980s not long after the first 'energy crisis' this type of thing bubbled to the surface frequently. For a period of time there were abundant tax credits for companies developing all manner of things. I had firsthand experience with the second type I refer to in the quote above. I had founded a company making prototypes and scientific equipment and was well know in the local scientific/engineering community. Twice I was approached by entrepreneurs and inventors who had something that sounded plausible but scientifically was a bunch of nonsense. They wanted to get me involved as a director and receive shares in a company they were floating on the stock market. I asked one group why they approached me because they must surely have known I would tell them their invention was worthless. Their response was; 'yes but you will give it scientific credibility' and can sell your shares when we go public. I am not a shyster so I never took up any offers.