Why are we building a new bomber?

[Cap'n Jack]

The $10 came from some gal in Connecticut.

A share, you have a stake in the co-op and all future revenues. You also have a place to live that provides you food, water, and energy, if everything goes to ****. I had it listed as a 'perk' but any form of ownership interest is against Indiegogo's TOS so I had to take it off.

Power sales will be handled like all other power sale co-ops, that is the only positive legacy of Enron.

It's the Marcellus shale, and actually there are three strata of gas reserves there. The exact reserve below, or what a particular well will produce is not something that is accurately predicted even by the biggest operators. Shell just spent billions and several seasons of effort in Alaska to finally drill a well, and it was crap so they've abandoned the whole program. This field itself is already developed without frac'ing and producing well enough to function at this point, so it's a reasonable expectation that a well on the property would provide the required gas, but yes, until the well is drilled, it's a gamble same as any other wildcater's well.

Cost is going to be around $5MM to get the property, drill the well, get the initial SOFC, build the initial greenhouse and algae reactors. Cash flow is impossible to predict because the operating model has never been tried, that's part of what a proof of concept model's function is, to develop the data to make those predictions. I don't have the resources available to me to theoretically make those predictions.

Well, since it's a NFP and it's a co-op membership, some of the core issues of that are avoided. The other option I have available and an EIN number for is to structure it as a church and that avoids all the issues, I would prefer to avoid that though.

Offering shares falls under the SEC rules for crowd funding. For example, you are 4 million over the allowable limit, if you try to raise the full amount during a year. I'm not a lawyer, but it seems to be spelled out in plain English here: http://www.sec.gov/news/pressrelease/2015-249.html

I also see none of the required disclosures.

Marcellus shale? That places it in southern/western NY. Most of the gas is coming from south and west of NY, suggesting there may not be a good amount of usable gas there. The potential price of the gas should be built in into the price of the land if mineral rights are included. It is an asset for sale along with the land.

Cash flow? It's really not a new model. You spend money getting gas, you make money selling power in whatever form (gas, electric, biofuel). You should know what you need to spend, that's a reasonable hard number. Income is more tricky since you don't know if the well will come through, but you are confident enough to ask people to invest, so you should be able to make a reasonable estimate, with the appropriate disclaimers. you mentioned other coops, and that means there are models for this sort of cash flow.

If NFP (not for profit), what future revenues does one get? NFP means the surplus revenues are used for organization's purpose or mission, rather than to the shareholders. If it is truly NFP, I really don't have a stake in future revenues.

 

[Henning]

Offering shares falls under the SEC rules for crowd funding. For example, you are 4 million over the allowable limit, if you try to raise the full amount during a year. I'm not a lawyer, but it seems to be spelled out in plain English here: http://www.sec.gov/news/pressrelease/2015-249.html

I also see none of the required disclosures.

Marcellus shale? That places it in southern/western NY. Most of the gas is coming from south and west of NY, suggesting there may not be a good amount of usable gas there. The potential price of the gas should be built in into the price of the land if mineral rights are included. It is an asset for sale along with the land.

Cash flow? It's really not a new model. You spend money getting gas, you make money selling power in whatever form (gas, electric, biofuel). You should know what you need to spend, that's a reasonable hard number. Income is more tricky since you don't know if the well will come through, but you are confident enough to ask people to invest, so you should be able to make a reasonable estimate, with the appropriate disclaimers. you mentioned other coops, and that means there are models for this sort of cash flow.

If NFP (not for profit), what future revenues does one get? NFP means the surplus revenues are used for organization's purpose or mission, rather than to the shareholders. If it is truly NFP, I really don't have a stake in future revenues.

It only needs 5 years of gas, there is way more than that, and 20MW doesn't need a big flow. It's a proof of concept to be built on. The only reason to have its own well really is to eliminate the economic impact of the current supply system.

The SEC is moot at this point, and if the project looks like it will ever go, I have a lawyer to deal with getting it all set up. That's putting the cart before the horse and just bureaucratic technicalities which are very simple to deal with compared to actually getting people to care or want to try anything different. That is the first hurdle, and one I don't see clearing, so I'm not bothering anyone else to start providing and producing things for it unless I see interest. The results speak for themselves, people are disinterested in anything about economics that a billionaire isn't telling them because they want to be billionaires, and they think only billionaires can make them billionaires. Unfortunately in order to be billionaires, they tell you how to make them billionaires while convincing you that whatever villainous group, government, illegal aliens, blacks, homosexuals... you should hate that is taking all your money you would already be rich; only thing is all the money ends up in their pocket.

Also, I always have the option of turning it into a church and religion exempting it from all that stuff.

Not for profit doesn't mean you don't make money and nobody gets paid, not for profit means the results of the money are used to improve humanity and society rather than make more money. Look at the Red Cross, they make tons of money and pay well. There is also some new classification that has come up called a 'benefit corporation' or something like that, haven't really cared to study on it, it's irrelevant at this point.

 

[Cap'n Jack]

It only needs 5 years of gas, there is way more than that, and 20MW doesn't need a big flow. It's a proof of concept to be built on. The only reason to have its own well really is to eliminate the economic impact of the current supply system.

So it isn't meant as a long term business.

The SEC is moot at this point, and if the project looks like it will ever go, I have a lawyer to deal with getting it all set up. That's putting the cart before the horse and just bureaucratic technicalities which are very simple to deal with compared to actually getting people to care or want to try anything different. That is the first hurdle, and one I don't see clearing, so I'm not bothering anyone else to start providing and producing things for it unless I see interest. The results speak for themselves, people are disinterested in anything about economics that a billionaire isn't telling them because they want to be billionaires, and they think only billionaires can make them billionaires. Unfortunately in order to be billionaires, they tell you how to make them billionaires while convincing you that whatever villainous group, government, illegal aliens, blacks, homosexuals... you should hate that is taking all your money you would already be rich; only thing is all the money ends up in their pocket.

Also, I always have the option of turning it into a church and religion exempting it from all that stuff.

That's like my putting an ad in the newspaper for charter flights and telling the FAA it's all good, I haven't had any customers. I don't have any of the stuff needed to do that- certification, nor anything else the FAA needs. This link https://www.indiegogo.com/projects/u...nd-energy--2#/ is the SEC equivalent of holding out. For $10, they won't bother you though.

The rest of it....sounds like sour grapes. No one with a modicum of knowledge in finance would invest in this scheme as descried in https://www.indiegogo.com/projects/u...nd-energy--2#/ .

Not for profit doesn't mean you don't make money and nobody gets paid, not for profit means the results of the money are used to improve humanity and society rather than make more money. Look at the Red Cross, they make tons of money and pay well. There is also some new classification that has come up called a 'benefit corporation' or something like that, haven't really cared to study on it, it's irrelevant at this point.

I never described "not for profit" as stated in your quote.

You really should run this by your attorney, or if you have, get a new one.

A non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.

ref: https://www.law.cornell.edu/wex/non-profit_organizations

The information above is counter to what you wrote earlier:

A share, you have a stake in the co-op and all future revenues.

 

[Henning]

So it isn't meant as a long term business.


That's like my putting an ad in the newspaper for charter flights and telling the FAA it's all good, I haven't had any customers. I don't have any of the stuff needed to do that- certification, nor anything else the FAA needs. This link https://www.indiegogo.com/projects/u...nd-energy--2#/ is the SEC equivalent of holding out. For $10, they won't bother you though.

The rest of it....sounds like sour grapes. No one with a modicum of knowledge in finance would invest in this scheme as descried in https://www.indiegogo.com/projects/u...nd-energy--2#/ .

I never described "not for profit" as stated in your quote.

You really should run this by your attorney, or if you have, get a new one.

ref: https://www.law.cornell.edu/wex/non-profit_organizations

The information above is counter to what you wrote earlier:

Yes, it is, I can't see it playing out before we have a replacement energy source for the Natural Gas, SOFC can also run off coal or garbage and waste vegetable matter from the greenhouse and septic system. That is why the project uses an SOFC. When Skunk Works comes out with the Compact Fusion reactor, or if Keshe's rig works out, then that source, or whatever energy source comes out, it can immediately be put into production at the H2 loop, and the SOFC can run light load just producing CO2 for the algae reactors.

Like I said, the entire government issue I can make go away by forming it as a church rather than an NFP. I've been an ordained minister for nearly 20 years and even you say what I write sounds more like religion than science. I have already spoken with the IRS on this issue and I can pass all the tests to list as a church, I just don't want to go there, at least not yet. I am not worried about the SEC and IRS they are not the problem. People resisting like you, that's the first problem.

Of course no one with a modicum of finance knowledge would invest, if it works their entire industry dies, or at least faces serious changes, and people are afraid of that.

 

[Velocity173]

Henning I think you'd have better luck getting funding for a 65 million dollar G650 for your church than a natural gas energy plant.

 

[Henning]

Henning I think you'd have better luck getting funding for a 65 million dollar G650 for your church than a natural gas energy plant.

No ****, tell me about. If I wanted to start a cannibal suicide cult around Fight Club where we eat the losers, it would be bigger than Scientology.

 

[Cap'n Jack]

People resisting like you, that's the first problem.

Of course no one with a modicum of finance knowledge would invest, if it works their entire industry dies, or at least faces serious changes, and people are afraid of that.

Uh, please don't make this about me. I pointed out some legality issues. I made some constructive criticism.

As for the industry, remember who I work for. If really stand a chance of working, I'd come out ahead. There were no financial statements. None at all. No one with a modicum of sense would put their money in such a venture with the information provided.

 

[overdrive148]

New gofundme: Solve world hunger - I'll feed everyone on the planet. 3 million bucks please!

Don't mind if I don't explain any of what I'm going to do or how I'm going to do it and accomplish such a large goal with only 3 million. And I won't say it's a proof of concept test with no guarantee of money back because then no one would invest at all.

 

[Henning]

Uh, please don't make this about me. I pointed out some legality issues. I made some constructive criticism.

As for the industry, remember who I work for. If really stand a chance of working, I'd come out ahead. There were no financial statements. None at all. No one with a modicum of sense would put their money in such a venture with the information provided.

I don't know who you work for, and you keep repeating the government is a problem, when it's easy to simply eliminate, as a church you don't have to play their game. There is no way to make a financial statement because I have no way to produce production data on what has not been done, nor can I bother advanced support sources o help me develop the data because I can't pay them. The thing is, when you increase efficiency and get two marketable products from what we throw out as waste right now, there is little chance the resource economics are going to work out worse. People fed up with society and willing to gamble a bit (I see people regularly lose far more than $1000 at the casino at one table) and take the chance, hopefully someone with the knowledge, ability, and database will have some vision and get in and the co-op begins with their help producing the numbers. Until I have more than one person willing to commit $10, I can't do more than beg for assistance because I can't afford to pay them. If I can't get it funded, then the proof of concept is complete, mankind won't accept it. It's actually much easier for me if it fails, because if it works I'm going to end up working daily at it till I die, and I rather like my time off. But I would much rather put in the work to see the results of success than hang out on yachts killing time.

If it succeeds, the payoffs are beyond your imagination.

 

[Henning]

New gofundme: Solve world hunger - I'll feed everyone on the planet. 3 million bucks please!

Don't mind if I don't explain any of what I'm going to do or how I'm going to do it and accomplish such a large goal with only 3 million. And I won't say it's a proof of concept test with no guarantee of money back because then no one would invest at all.

Right, at least I provide a path, and I don't tell lies to get people to give me money. That's really the problem, I won't tell bold faced lies with massaged data so people give me money. Honesty sucks in our society.

 

[EvilEagle]

...provide enough advantage to beat volume until hat technology is autonomous...

I didn't know HAT technology was that critical. We talking baseball or hard hat?

If it succeeds, the payoffs are beyond your imagination.

Where do I pick up that neat superpower? Knowing the limits of another person's imagination without even meeting them? Now THAT sounds like a million dollar idea!


Sent from my iPad using Tapatalk

 

[Cap'n Jack]

Right, at least I provide a path, and I don't tell lies to get people to give me money. That's really the problem, I won't tell bold faced lies with massaged data so people give me money. Honesty sucks in our society.

Henning, I find the bolded comment above very interesting in light of the comment below, also bolded.

I don't know who you work for, and you keep repeating the government is a problem, when it's easy to simply eliminate, as a church you don't have to play their game. There is no way to make a financial statement because I have no way to produce production data on what has not been done, nor can I bother advanced support sources o help me develop the data because I can't pay them. The thing is, when you increase efficiency and get two marketable products from what we throw out as waste right now, there is little chance the resource economics are going to work out worse. People fed up with society and willing to gamble a bit (I see people regularly lose far more than $1000 at the casino at one table) and take the chance, hopefully someone with the knowledge, ability, and database will have some vision and get in and the co-op begins with their help producing the numbers. Until I have more than one person willing to commit $10, I can't do more than beg for assistance because I can't afford to pay them. If I can't get it funded, then the proof of concept is complete, mankind won't accept it. It's actually much easier for me if it fails, because if it works I'm going to end up working daily at it till I die, and I rather like my time off. But I would much rather put in the work to see the results of success than hang out on yachts killing time.

If it succeeds, the payoffs are beyond your imagination.

I have told you where I work, earlier in the thread. It is the company you will buy the SOFC from. Furthermore, the part where you claim I keep repeating, about "the government is a problem", this is one of the reasons I say you make stuff up. I never said, nor repeated, that "the government is a problem" here. Please show me where I said "the government is a problem".

I have indicated there were rules in place regarding raising money by selling shares via crowdfunding, I even shared the link with you.I don't feel it is a problem to have such rules in place.

As for doing it as a church, the link I gave you regarding non-profits also gave an overview of what you can do as a church.

 

[flyersfan31]

I will only note that any screed that invokes the Rothschilds in reference to today's global economic system is merely recylcling dated anti-Semitic nonsense.

And now, back to the Spin Zone bomber thread.

 

[Phoenix]

Just because it is old doesn't mean it isn't true. Classic truths never go out of style.

 

[ralarcon]

Just because it is old doesn't mean it isn't true. Classic truths never go out of style.

Old, tired and untrue !

Cheers

 

[Henning]

I will only note that any screed that invokes the Rothschilds in reference to today's global economic system is merely recylcling dated anti-Semitic nonsense.

And now, back to the Spin Zone bomber thread.

No sir, the Rothschild's are the management syndicate for most all the central banks in the world including the Federal Reserve. The Morgan Bank has always been a Rothschild syndicate bank with Junious Spencer Morgan starting financing the industrial revolution after the Civil War with the capital of the European aristocisy that ended the prohibition on that source of capital. The Rothschilds are real living breathing creatures here today, and the only family on the planet with a Trillion dollars to their name. The Civil War wasn't about slavery, slavery was already on the decline since machines did more work cheaper. Slaves are far from free. They were expensive to buy, and you have to feed, cloth, and shelter them like any other livestock.

I am afraid you have fallen victim to the propaganda of the media which are all owned by corporations who are all one after another in succession indebted to the to the banking syndicate headed and managed by the Rothschilds. They have the biggest propaganda machine on the planet, there is no major media outlet in the planet they cannot leverage through their corporate shares and debt they own. This is why the founding fathers constitutionally forbade fiat currency, it's the tool of tyranny, and when you apply usury it becomes a damned expensive one at that. Where do you think that trillion dollars came from?

If Rothschild is a powerless boogey man of anti semitism, the why was it couple of weeks ago when he met the Pope, the Pope bowed and kissed his hand?

Don't be deceived by the propaganda and political correctness, another term for censorship, they are also part of the too box of tyranny, and damned effective ones at that.

The Rostchild family has been profiting off of financing wars for hundreds of years, often both sides, why do you think we have been at war somewhere since 1914.

 

[Phoenix]

You give too much credit he isn't deceived by propaganda and political correctness he is doing what they told him to do at Temple.

 

[Henning]

You give too much credit he isn't deceived by propaganda and political correctness he is doing what they told him to do at Temple.

That I don't believe, Anti Semitism is just another tool of propaganda and distraction. It has nothing to do with being Jewish, it has to do with greed, and as a collective population the rate of greedy among Jews is not significantly different from any other culture. Rothschilds just happen to be Jewish which gave them the opportunity in the banking industry. Anti Semitism is the actual boogeyman because it creates yet another division in what is meant to be a unified species. Some of the Jews I've worked for have been the most generous, kind, fun, and degenerate people I know. How many bosses you know that hand you $5000 to back your play at the blackjack table so you can sit and play 'with the boys', and pays for your hookers? The only ones I've had were Jews.

 

[Jimmy cooper]

That I don't believe, Anti Semitism is just another tool of propaganda and distraction. It has nothing to do with being Jewish, it has to do with greed, and as a collective population the rate of greedy among Jews is not significantly different from any other culture. Rothschilds just happen to be Jewish which gave them the opportunity in the banking industry. Anti Semitism is the actual boogeyman because it creates yet another division in what is meant to be a unified species. Some of the Jews I've worked for have been the most generous, kind, fun, and degenerate people I know. How many bosses you know that hand you $5000 to back your play at the blackjack table so you can sit and play 'with the boys', and pays for your hookers? The only ones I've had were Jews.

Why not simply go over the people who ran Wall Street when it went south in 2007?! What did they "just happen to be"?

 

[Henning]

Why not simply go over the people who ran Wall Street when it went south in 2007?! What did they "just happen to be"?

Actually I'm crafting a pitch right now to sell it to my bank as a hedge against the impending banking collapse when China attains Global Reserve Currency status.

 

[denverpilot]

So did we buy a cool new bomber yet?

 

[Phoenix]

So did we buy a cool new bomber yet?

That implies one exists that we could just pick up. First we have to spend billions on artist renderings of what we think the bomber of the future should look like. Then we pick the coolest looking drawing and spend more bazillions having engineers building one that looks like the picture.

 

[denverpilot]

Of course...

http://www.defensenews.com/story/de...s-long-range-strike-bomber-contract/75225206/

 

[Henning]

Of course...

http://www.defensenews.com/story/de...s-long-range-strike-bomber-contract/75225206/

So, they projected $511MM, so let's say they manage to exponentially reduce the cost over run of the F-35 program which was not untypical percentage wise for these procurement projects as far as over runs go, and manages to come in at triple projected on the bid. That leaves them coming in at 1.5BB, for which they can buy B-2s and add to the per unit price dilution effect.

That leaves me asking, "What is this plane going to do that the B-2 can't, and can the B-2 be modified to do it?" We can't just keep wasting all our resources, technical, human, and mineral, on war ****. There's more important things to do, that if we do them, ends the necessity and precipitating causes of war on the societal scale. On top of that, they are way cheaper.

 

[gws]

You give too much credit he isn't deceived by propaganda and political correctness he is doing what they told him to do at Temple.

Temple, Texas?