Rossi: Leonardo Corp. Now Owned By a Trust of Investors

Andrea Rossi has just made a post in connection with the recent offer of Dick Smith to pay a million dollars for a successful E-Cat test.

I AM RECEIVENG EMAILS REGARDING THE “MILLIONAIRE2 WHO OFFERS 1 MILLION FOR A TEST AND REGARDING WHAT WE THINK OF SOME WANNABE COMPETITORS WHO WILL MAKE OTHER TESTS ON A DEVICE OF THEM: I HAVE NOT TIME TO ANSWER SINGULARLY, SO HERE IS THE FINAL ANSWER:
1- MILLIONAIRE TEST: I AM THE CEO OF LEONARDO CORPORATION AND RECENTLY LEONARDO CORPORATION BECAME PROPERTY OF A TRUST OF INVESTORS TO WHOSE ATTORNEYS I HAVE TO ANSWER. THIS, COMBINED WITH THE FACT THAT OUR 1 MW PLANTS HAVE BEEN SOLD TO AN ENTITY THAT WANTS NOT TO BE DISCLOSED (WE ARE UNDER NDA) FORBIDS ME TO TAKE DECISIONS ABOUT THIS ISSUE WITHOUT THE PERMISSIONS OF THE ATTORNEYS; THE OPINION OF THEM IS THAT THIS STUNT IS NOT SERIOUS AND THAT OUR TECHNOLOGY DOES NOT TO BE PROVEN BY A STUNT, BUT BY A REGULAR OPERATION BY THE CUSTOMERS. WE HAVE TO WORK ON MANUFACTURING LINES TO MAKE RELIABLE AND ECONOMIC OUR PRODUCTS.
2- COMPETITORS: WE NEVER COMMENT ON OUR COMPETITORS, BUT STILL WE DO NOT SEE ANY COMPETITOR ON THE MARKET. WHEN WE WILL FIND PRODUCTS WHICH WILL COMPETE WITH OURS, THEN WE WILL HAVE COMPETITORS, BUT NOW IS NOT THE CASE. I AM ABSOLUTELY SURE THAT WITH OUR PRICES NOBODY WILL BE ABLE TO COMPETE, ALSO FOR THE NEW TECHNOLOGY WE HAVE DEVELOPED FOR THE E-CATS AND FOR THE PRODUCTION LINE WE ARE MAKING.
I WILL NOT ANSWER TO FURTHER QUESTIONS REGARDING THE MILLIONAIRE AND THE WANNABE COMPETITORS.
WARM REGARDS,
ANDREA ROSSI

It’s very interesting to see that Leonardo Corp. is now apparently owned by an outside entity, and Rossi is apparently not fully in charge of the company he founded. He gives no details about the organization, but presumably there will be some kind of board of directors overseeing his operations who he will now answer to. They will naturally advise him on important issues, and he says their attorneys have done so in the Dick Smith Case.

The good news for Rossi would of course be that he should now have the funding he needs to build his manufacturing and commercial operations. If this is the case, there is little wonder he is not interested in a chance to earn a million dollars from giving Dick Smith a demo.

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