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Steven Mark´s associate Jack Durban comes forward with more info !

Started by zapnic, March 17, 2008, 04:28:58 AM

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0 Members and 2 Guests are viewing this topic.

Cap-Z-ro


"Regarding patents on the TPU, I don't know whether the device itself has been patented. When last I knew anything about it in the late 1990s, this had NOT been done yet. Perhaps it has been done since. But if it has been done, it should be a matter of public record. A routine patent search should turn them up. Such procedures are now fairly easy to do over the internet. I don't see how Steven or any one else could prevent such patents from being examined."


In view of the sentence structure and the emphasis placed above, a detailed patent search PRIOR to the late 1990's may be required...just to be thorough.

Regards...

MeggerMan

Hi Stefan,
It was good to put a voice to a face on the radio show, in fact all the people that did ring in.
That was very kind of Mr Doleshal to reply in such detail about Steven Mark, this is more evidence the TPU is for real.
It would be good if the university lecturer could be tracked down and get him to confirm he saw a working TPU.
I very much doubt that Extreme Technologies will give out any info about an employee working for them, the best you could do would be to ask to speak to Steven Mark and see if they say, "ohh he left years ago".

I wonder who Spherics really is?
Maybe the data Spherics posted is an evolution of the TPU to the next level - a "Super TPU" with 10KW of output.
Think about it: 4 input/control coils, one toroidal collector coil.

Perhaps Jack can give us details about all these "other experimenters" who have the overheating issues after 20 minutes. Certainly no one person here has reached the stage of a working TPU let, never mind overheating problems.
[edit] I found this link that contains load more info: http://www.users.on.net/~lekh/stevenmark.html [/edit]
Regards
Rob

Jdo300

More importantly, *if* Jack is right and Steven didn't really conceive the idea himself (I am choosing to remain neutral on that one at this time), then Jack should be willing to help us find whoever did the research to find the original, French inventor who Steven allegedly got the idea from.

God Bless,
Jason O

hartiberlin

It seems this company Extreme TeleCom Inc. is bankrupt by now and thus out of business.
From:

http://sec.edgar-online.com/1996/08/15/00/0000898430-96-003905/Section7.asp


The following is an excerpt from a 10QSB SEC Filing, filed by PORTACOM WIRELESS INC/ on 8/15/1996.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS

BACKGROUND

The Company conducts business operations primarily through its wholly owned U.S. subsidiary, PortaCom International, Ltd. ("PIL"). The Company also has three inactive wholly owned U.S. subsidiaries; PCBX Systems, Inc. ("PCBX"), Extreme Telecom, Inc. ("Telecom"), Extreme Laboratories, Inc. (formerly known as Spheric Audio Laboratories, Inc.) ("Laboratories"), all of which ceased operations in August 1995, and presently have no active business operations.

Since 1994, through its PIL subsidiary, the Company has engaged in initial stage efforts to evaluate the feasibility of, and attempt to secure, licensing and joint venture arrangements for the operation of wireless telephone networks, mobile radio communication systems and other telecommunications technologies. In September 1995, the Company announced that it intended to focus all of its future activities on the development of its prospective emerging market cellular and wireless interests. Although the establishment and operation of wireless telephone networks and other advanced communications systems will be investigated by the Company wherever strategic opportunities arise, its principal efforts are presently focused on certain Asian countries. The Company's wireless telecommunications operations are in the development stage, have produced no revenues to date and remain limited in scope.

PCBX developed and was engaged in marketing a personal computer branch exchange which permitted the operation of a full-featured telephone network control system from a centrally-located personal computer. Telecom was engaged in distributing a line of telecommunications products manufactured by Nitsuko America Corporation. Laboratories developed and was engaged in marketing a line of audio speakers, as well as a proprietary audio recording and playback technology known as "SphericSound." PCBX, Telecom and Laboratories ceased operations in August 1995 and presently have no business operations.

Since the commencement of operations, the Company's revenues have been principally derived from the sale of its PCBX systems and to a substantially lesser degree from sales of Telecom and Laboratories products. Due to significant ongoing losses and the Company's inability to successfully develop and carry out marketing and sales strategies, the operations of PCBX, Telecom and Laboratories were closed in August 1995. The Company also attempted to secure licensing arrangements or other means of commercial exploitation of its SphericSound technologies; however, to date, only limited sales revenues were realized from these efforts.

Funding of the Company's operations since inception has been provided by:
(i) revenues from the sale of PCBX systems; (ii) proceeds from the sale of securities undertaken in a series of private placement transactions; and (iii) completion of an initial public offering on the Vancouver Stock Exchange during October 1992.

RESULTS OF OPERATIONS

Quarter ended March 31, 1996 as Compared with Period Ended March 31, 1995.

For the quarter ended March 31, 1996, the Company incurred a loss of $624,958 with no sales occuring. This compares to a loss of $4,014,522 on sales of $97,449 for the comparable prior year quarter. The decrease in sales (to nil) was due to the fact that the Company's revenue-producing subsidiaries (which were also generating significant net losses) have been closed. Revenues are expected to be nil throughout the fiscal year. Virtually all of the Company's sales in the 1995 period were attributable to the Company's PCBX systems and related products, with a small percentage of such sales being attributable to Spheric Audio. No sales have been realized by PIL.

The Company's loss for the quarter ended March 31, 1996 represents a loss of $.04 per common share, as compared to a loss per common share of $.13 for the comparable prior year quarter.

There were no cost of sales in the quarter ended March 31, 1996, as compared with $568,899 or 584% of sales in the prior year quarter. The Company's cost of sales as a percentage of sales in the quarter ended March 31, 1996 is not comparable to the prior period due to (i) the closure of the Company's revenue-producing subsidiaries in August 1995, and (ii) the Company's current business development activities not generating revenue.

Operating expenses fell in the quarter ended March 31, 1996 to $534,943 from $3,543,072 in the comparable year-earlier quarter, a decrease of $3,008,129, or 85%. Of this decrease, the most significant factors were a reduction in workforce and the cessation of sales, marketing and product development activities related to the closed PCBX, Telecom and Laboratories subsidiaries.

During the quarter ended March 31, 1996, wages and benefits fell to $79,716 from $728,096, an decrease of 89% from the comparable year-earlier quarter, primarily related to the cessation of sales, marketing and product development activities related to the closed PCBX, Telecom and Laboratories subsidiaries.

Consulting fees decreased to $264,137 in the current quarter from $1,175,758 recorded in the comparable prior year quarter. This reduction was primarily related to the cessation of business activities related to the closed PCBX, Telecom and Laboratories subsidiaries.

The Company's operations have become more dependent on its wireless telecommunications business development activities. The Company expects that it will continue to expend significant funds in order to obtain the licenses and form the joint ventures necessary for the Company or PIL to provide wireless communications services in developing international markets, although no revenue will be generated until such licenses are obtained and such joint ventures are operational. This may necessitate a material increase in general office overhead and other general and administrative costs.

LIQUIDITY AND CAPITAL RESOURCES

In the quarter ended March 31, 1996, the Company realized net proceeds of $975,785 from the issuance of shares of common stock in a private placement and exercise of stock options. In the quarter, the Company also did not repay any loans outstanding. These activities contributed to a net working capital (deficit) position as of March 31, 1996 of ($1,586,150), which is up $2,071,167 from ($3,657,317) at March 31, 1995.

The Company has incurred cumulative losses from inception through March 31, 1996 of $15,544,847 and has not yet achieved revenues sufficient to offset direct expenses and corporate overhead.

Since inception, a substantial portion of the Company's operating capital has been provided through financing activities. Operations have provided gross revenues to the Company of $2,222,650 whereas financing has yielded the Company net proceeds of $15,176,456. The Company's financing has been provided by an initial public offering and a series of private placements of shares. The Company anticipates that it may seek additional financing through the private placement of equity or debt securities, although there can be no assurances as to the success of such anticipated placement.

8

Between January 5 and March 31, 1996, the Company has arranged, subject to regulatory approval, private placements of convertible promissory notes having an aggregate principal amount of $780,000. The promissory notes are due and payable after two years, or after six months upon demand of the holder. The promissory notes are convertible into shares of common stock of the Company at conversion prices ranging from $1.49 to $2.50 per share. The Company will also issue to the investors non-transferable warrants to purchase an aggregate of up to 154,990 shares of common stock of the Company for a period of two years at a price equal to the conversion price of the notes (see Subsequent Events).

As of March 31, 1996, the Company had 1,467,268 (567,433 options and 899,835 warrants) options and warrants outstanding which upon exercise would yield to the Company additional proceeds in excess of $4.7 million. The exercise of existing warrants is impossible to predict with any certainty, accordingly, management can render no assurances that any material funds will be realized upon the exercise of such warrants, or whether such will be exercised at all.

The Company has been able to secure financing in the past through loans from certain stockholders. Management has no reason to believe that similar arrangements will be available in the future.

The Company's net working capital position increased approximately $319,518 from December 31, 1995 to March 31, 1996. Working capital levels have only been able to increase in the past by virtue of the Company's continued offerings of securities.

With the exception of fixed rental and certain personnel expenses, the Company anticipates no significant capital expenditures within the short term. Rental expense accounts for approximately $5,000 of fixed expenses on a monthly basis. Personnel costs, which are expected to remain relatively stable within the short term, are likely to account for approximately $26,500 of fixed expenses on a monthly basis. Additional variable expenses, such as consulting fees, legal and accounting, travel and entertainment, utilities and miscellaneous equipment purchases (or rentals) are expected to account for approximately $132,000 per month.

Management does not believe that in the near term the Company's operations will generate revenue or cash flow to finance its working capital or any capital expenditure requirements and the Company's operations will remain dependent on the Company's ability to obtain additional debt and equity financing (including from the exercise of existing warrants), as to which no assurance can be given. In the past, the Company has been able to secure financing through loans from certain stockholders. While the Company will continue to seek both debt and equity financing, there can be no assurance that any such financing will be available on terms acceptable to the Company or at all. Without such additional sources of financing, the Company will not be able to continue as a going concern.

9

SUBSEQUENT EVENTS

Convertible Promissory Notes

Subsequent to March 31, 1996, the Company arranged, subject to regulatory approval, private placements of convertible promissory notes having an aggregate principal amount of $1,025,000 (for a total amount of $2,405,000 of such securities placed between December 19, 1995 and May 7, 1996). The promissory notes are due and payable after two years, or after six months upon demand of the holder. The promissory notes are convertible into shares of common stock of the Company at conversion prices ranging from $2.50 to $3.25 per share. The Company will also issue to the investors non-transferable warrants to purchase an aggregate of up to 142,958 shares of common stock of the Company for a period of two years at a price equal to the conversion price of the notes. As of July 31, 1996, the issuance of such securities remains subject to regulatory approval.

Debt Settlements

In October 1995 the Registrant began to enter into written agreements to settle indebtedness in the aggregate amount of approximately $2,809,000 for cash or share consideration. These agreements were subject to regulatory approval. In May 1996, the Registrant received regulatory approval and completed the settlement of $2,513,121 of such debt through the issuance of a total of 1,256,561 shares of Common Stock. As of July 31, 1995, 53,675 shares continue to be reserved for issuance when permissible.

In December 1995, the Registrant agreed to the restructuring and settlement of claims of two parties related to each other, which settlement has subsequently been amended and partially paid. As of the July 31, 1996, the Registrant is obligated to make a final payment of $200,000 due December 31, 1996.

Between October 10, 1995 and May 28, 1996, the Registrant had settled for cash approximately $1,090,000 of accounts payable owing by the Registrant and its closed subsidiaries. As of July 31, 1996, the outstanding accounts payable of the Registrant's closed subsidiaries is approximately $185,000, which management of the Registrant is continuing to attempt to settle on terms favorable to the Registrant, although no assurances about such settlements can be given.

Cancellation of Performance Shares

In October 1995, certain shareholders agreed to surrender their 5,950,000 performance shares which were then held under an escrow arrangement. In consideration therefor, the Registrant agreed to issue 314,762 common shares at a deemed price of $2.00 per share. Although the performance shares have been irreversably canceled by the Registrant, as of July 31, 1996, the issuance of the 314,762 shares continues to be subject to the removal of the Registrant from the jurisdiction of both the Vancouver Stock Exchange and the British Columbia Securities Commission.

Bonus Shares and Warrants

In connection with the issuance of certain short-term debt by the Company in January 1995 and May 1996, the Company has agreed to issue, subject to regulatory approval, 85,590 "bonus" shares of common stock and 166,667 share purchase warrants, exercisable at $3.30 per share,

10

expiring on May 31, 1997. As of July 31, 1996, the issuance of such shares and warrants remains subject to regulatory approval.

EFFECTS OF INFLATION

The Company does not expect inflation to materially affect its results of operations, however, it is expected that operating cost and the cost of capital equipment to be acquired in the future may be subject to general economic and inflationary pressures.

Stefan Hartmann, Moderator of the overunity.com forum

Motorcoach1

  So the whole thing in a nut shell Lindsy Manix came here because of Collins that got holding the bag from Steve  Mark    , is now looking for a way to make  it to work in a Sneekey (get everyone involved) way to better there empty coffers.         good day mate and cheers    LOL them Aussies !!!