CLIR's tech advisor and co-inventor involved with transparent tech scam
Clearsign’s co-inventor and Technical Advisor, Dr. Thomas Hartwick, was recently an advisor for John Rivera’s technology at Sustainable Power Corp (SSTP). Dr. Hartwick arrived to summarize a scientific study of Rivera’s technology for investors and to advise the company on how to commercialize its technology. His name was frequently used in SSTP press releases to promote Rivera’s technology and its commercial viability. Clearsign’s omission of this material fact leaves investors at risk.
Hartwick in SSTP Press Release
"'When I was approached to review the SSTP process and the utilization of the proprietary catalyst, I spent nearly five weeks reviewing the technical data before I agreed to accept the position as scientific and technical advisor. Only after I became convinced that the technology was based on sound scientific principles would I accept this position,' stated Dr. Thomas Hartwick." ~ Sustainable Power Corp. Appoints Dr. Thomas S. Hartwick as Scientific and Technical Advisor to the Company Dec 14, 2009
From Court documents:
"The central fraud alleged involves claims by Rivera that USSE could produce viable commercial biofuel and fertilizer products." (Page 2.) (USSE = US Sustainable Energy Corp.)
"Rivera was also the principal shareholder of SSTP. According to the Commission, Rivera used SSTP for misconduct similar to that alleged in this case." (Page 3, Note 2)(SSTP = Sustainable Power Corp)
"The defendants also argue that two purported contracts filed with their response demonstrate that USSE (or, later, SSTP) was commercially viable." (Page 20)
~ Summary Judgment against John Rivera in July 2011, (Case 5:08-cv-00245-DCB-JMR) An exhibit in the case included the same Texas A&M study that Dr. Hartwick was tasked with. That report was submitted as an exhibit
“Dr. Hartwick's function at Sustainable Power Corp. is to provide advice and counsel on the commercialization of SSTP's Green Energy Vertroleum® process utilizing the Company's proprietary catalyst to produce biofuels, biogases, and biochar.” ~ Sustainable Power Corp. Appoints Dr. Thomas S. Hartwick as Scientific and Technical Advisor to the Company
The SEC commissioned Tunstall Adams, Inc. to examine John Rivera’s technology. Tunstall Adams concluded that Rivera’s technology was not commercially viable. The report was submitted in federal court as an exhibit. The SEC won the case in a summary judgment. Both Hartwick’s team and Tunstall Adams evaluated the same technology and both took the same Texas A&M report into account.
"In conclusion, USSE/SSTP does not produce an approved or certified liquid or gaseous fuel that is suitable for commercial sale and use in reciprocating and combustion turbine equipment. “ ~ SEC commissioned report submitted as an exhibit in the Federal case against Rivera, March 3, 2010
Clearsign has no credible inventors.
SSTP went public in 2004 with $0.90 per share. What do you expect this stock will from pennies to $10 per shares? Matt, you use bad example to degrade Clearsign. Please keep shorting because next week at the Monaco Cleantech, Clearsign will announce a partnership with a company. Don't cry.
The point is: Rivera's SSTP was conducting a tech scam.
The report that Hartwick's team summarized for Rivera's technology was completed in 2010. John Rivera was convicted of fraud in 2011 for making false claims about that tech. Additionally, it appears that Hartwick signed up for Clearsign before he signed up to work on Rivera's technology.
Rivera's technology was a transparent scam and that scam was central to the SEC case. Rivera was convicted in Federal court.
“In conclusion, USSE/SSTP does not produce an approved or certified liquid or gaseous fuel that is suitable for commercial sale and use in reciprocating and combustion turbine equipment. “ ~ SEC commissioned report submitted as an exhibit in the Federal case against Rivera, March 3, 2010
Matt, I know you short this stock like hell, but there is no reason this stock will go down the way you want it to go unless it files for bankruptcy. Clir is owned by institutions and do you think they are naive to throw money away knowing that it is a fraud? So how is your whistle blow reporting to the SEC? Listen, Clearsign is invited to the Monaco CleanTech next week and do you think the panel with smart people and investors are loaded with cash believing Clearsign's folks are a bunch of scam artists? Give me break, dude.