Re: Electro-gravity proof!!??
Lindsay Mannix ( (no email) )
Wed, 21 Jul 1999 18:18:07 PDT
To all, here is a story which was in the sunday times in Perth,
Western Austrailia last sunday - it relates to the Stevens device
I would like to either duplicate the effect seen on the video or
find out what this thing is .....someone told me 22 turns of 22/0076
twinflex lamp wire ...any ..more info out there?
The following has nothing to do with whether this device works but
everything to do with greed amd big business....to me this is
fascinating even if this is a scam from the ground up...
Quote:
ANGRY investors are demanding thousands of dollars from Perth inventor
Brian Collins, claiming he has failed to deliver on promises of a
revolutionary power generator.
The Sunday Times understands 35 mainly WA investors, including leading
businessmen, have handed Mr Collins about $1 million for a share in the
project in the past six years.
Another '150 to 200' people had supported earlier development
of the device, on which he first started work in the early 1970s.
The money was to further develop a secret generator that allegedly
converted natural magnetic fields into electricity, seemingly doing
the impossible by breaking a fundamental law of physics.
Mr Collins won world praise for the Collins Motor, a revolutionary
engine design which received international interest during the 1980s
and 90s.
The engine won the top award in the 1979 International Innovation and
Invention Exposition in Geneva.
Mr Collins claims the power generator will overshadow that success.
But after a string of broken promises, some investors are demanding
their money back and want answers to conflicting claims over who has
rights to the technology.
Mr Collins, who is still in WA, maintains all investors will be repaid
once a $6.9 million deal with a US company is signed on August 2.
But two angry investors have picketed Mr Collins' Victoria Park apartment
demanding to know where their money has gone.
A syndicate headed by Perth beekeeper Garth Harvey handed over $80,000
and investor Rob Blakeley contributed $17,000.
Mr Blakeley said $2000 was from the trust accounts of his two sons.
The 'short-term' loan was done on the promise of getting the
money back, plus 10 per cent and an equal value of shares in technology,
he said.
After several years, no money has been repaid to the men despite Mr
Collins' repeated promises that they would be reimbursed.
'The money was always coming tomorrow, next week or next month,' said Mr.
Blakeley, who has been waiting years for his money.
'There was always a deal being done. He had a legitimate reputation as
an inventor and we trusted him.'
The two investors said they were led to believe Mr Collins was the sole
inventor but later discovered he was working with a US associate named
Stephen Mark.
Mr Collins has told the men he and Mr Mark had been working independently
on developing similar technology and made a breakthrough when they got
together.
He has signed authority from Mr Mark to raise money for the generator,
despite claims by Philippines-based lawyer Paul Stemm, who says he has
the rights to raising money to develop the invention.
'Since January 1995 I have had the authority to promote the TPU (toroidal
power unit),' he said.
'To say that I have no involvement with Stephen's work on the development
shows total naivety.'
Mr. Collins has continued to seek investment through his many WA
supporters.
Documents show a London finance broker worked for more than a year with
the head of a leading finance bank to secure investors.
Although he refused to comment on the record to The Sunday Times, the
documents show the London link claimed to be involved in talks with
telecommunications giant Nokia and even an English lord.
The broker said the high-flyers of London's business centre were willing
to put whatever money was necessary in the machine, provided they were
satisfied it could do what was claimed.
Negotiations broke down after the head of the bank began demanding
scientific tests.
Mr. Collins denied the UK deal was ever officially supported by the bank.
He later explained he was not happy with the arrangement, which he said
did not provide adequate finance and would have seen him become a minority
partner.
'They wanted control,' he said. 'I did that with the Collins engine and
they stabbed me in the back.'
A group known as the Holy Club was also allegedly prepared to raise $50
million and in September last year Mr Collins talked with a major WA
mining company about a possible $20 million share in the technology.
None of the big deals has been signed but Mr. Collins continues to
reassure investors that an agreement is imminent which will allow him
to repay all the money he owes.
He raised much of his money to develop his engine from friends who
trusted him and had done the same to secure finance for the generator.
'I know in my heart I am doing God's work but I would be the first to
admit that I am only human and I made mistakes," he said in a letter
to an investor.
'But God knows my heart and I'm only too willing to swear on the Bible
that I will repay in full any outstanding debt that I have incurred, not
only in full but with a generous bonus.
'My commitment to God when he saved my life and showed me the vision of
a new way of generating electricity was real and I have endeavoured to
bring it to fruition from that day.
'I have never wavered from the mission I was given.'
But the plea is starting to wear thin, even by some who support him.
As one investor wrote: 'Brian, I kick myself for being so stupid and
greedy when I handed over my money.'