Forum Archive Index - December 2002

["Shares" <shares@whoami.com>]

Anyone who gets involved with Inertialess Drive Technologies must have rocks in their head.  Inertialess Drive Technologies (In liquidation) has been around for a number of years but appears yet to sell anything.  There were early grandiose claims that they had technology for verticle take-off/landing jumbo jets, and elevators without cables (all magnets etc), predictions of huge profits and paranoid beliefs that big business and government alike were out to get them due to their world beating technology!  The outfit had a huge appetite for shareholders' funds.  They have developed generators.  They had a display at Feildays a few years ago, and while the Genny (TM) indeed powered a lightbulb albeit needing a huge energy input, and it seemed far from ready for marketing.  Plans were in place for a factory in the SEZ of China but these appear to have come to nothing.  They have had a number of brushes with the Securities Commission and are now in liquidation. Like the Phoenix, they appear to have risen from the ashes off shore - Switzerland I believe - charging existing investors to have their shares registered there.

 

Click on these links for more info.

 

http://www.nzherald.co.nz/storyprint.cfm?storyID=210598

http://www.mytown.co.nz/story/mytstoryprint.cfm?thecity=bayofplenty&thepage=news&type=nzh&storyID=283581

http://www.inertialessdrive.co.nz/statement.htm

----- Original Message -----

From: Keryn Greer

To: sharechat@sharechat.co.nz

Sent: Sunday, December 01, 2002 5:23 PM

Subject: Re: Re: [sharechat] Inertialess Drive Technology

Hello Malcolm,

have seen your warning re Inertialess  Drive.  What do you base your opinion on?

Have you any relevant facts that make you so suspicious?  Please email me to chat.

Regards , Keryn.