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Is Steorn Getting More Investor Money?

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Sun Apr 29, 2007 9:46 pm PostPost subject: Is Steorn Getting More Investor Money?
Thicket
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Joined: 09 Apr 2007
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Topic: Is Steorn Getting More Investor Money?

Much has been made of the claim that Steorn hasnít been getting any investor money since they went public with their free-energy claim in August, 2006.

The recent newspaper article has Sean stating that 14 million Euros have been raised from investors.

The Annual Return filed by Steorn and stamped 13 Mar 2007 by the Companies Registration Office has the following information.

1. This Annual Return is made up to September 30, 2006.
2. Up to September 30, 2006, Steorn had collected 5,896,562.95 Euros from investors.

In other words, an additional 8 million Euros has been collected starting October, 2006. It sure looks to me like Steorn is still collecting investor money.

Iím sure many were fooled by Seanís use of semantics. Heís really very good at that and manages to bullshit a lot of people. Steorn didnít Ďseekí investor money. It seems weíre expected to assume that 8 million Euro just rolled Steornís way.

Of course, it could be that Steorn screwed up their government submissions and misstated investments up to September 30, 2006. Iíve found some blatant screwups in Steornís returns, but thatís a topic for another day.
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