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Let’s set the record straight (Score: 0)
by Anonymous on Wednesday, October 08, 2003 @ 07:51:31 UTC | In accordance with the confidentiality agreement I signed, I have requested and received permission in writing from UFCT to write this. I'm a stockholder in UFCT and nothing you've said here, or in other things you written on other sites is true in my opinion. The technology I invested in with UFCT was based on creating electricity and excess hydrogen gas by electrolyzing water with solar panels. That is clearly pointed out in the investment documents I received. It is my understanding the solar technology and the Edison technology were created by the same team, share some common process related components and UFCT is being compensated for the use of the common components.
In other things you’ve written, you’ve stated that Kelly and General Systems were the creators of the technologies. The facts the way I understand them is that General Systems was involved in helping facilitate the assembly of resources for the team to use and Kelly’s role involved bringing relationships together to make happen. I'm sure both Kelly and General Systems wished they had invented the technology.
Based on my understanding, UFCT entered into an agreement with GWE to market the solar technology as a low cost alternative to the Edison Device and to market the Edison Device using the shared process components also used in the solar technology. As a result of the agreement with GWE, UFCT shareholders receive generous dividends on both the solar and Edison technologies because of the shared components. The arrangement is a win-win for everybody. The information I was given was that UFCT owns an exclusive license for the solar based technology, not the technology itself. The information GWE posted on its financial page confirms these facts for me.
Another point I want to make is that to the best of my knowledge, everyone that bought shares in UFCT did so under “Reg. D” of the securities act and were required to certify in writing that they were both “qualified” (financially) and “sophisticated” as defined by the regulation. That means everyone involved was required to be wealthy and sophisticated about investments. The documentation I received related to the investment were about the best and most detailed from a legal perspective I’ve ever seen, and my entire income comes from my investments.
By the way, I’m one of the lucky people that have seen both the solar device and the Edison device in operation and as a retired engineer, I can tell you that it obviously works exactly as claimed by GWE.
I for one am tired of you misrepresenting what has taken place and slandering people. I am also tired of you intentionally trying to cause problems with my investment where none exists. I am thrilled with my choice to invest.
Anthony Marchetti
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