Go Back   EcoModder Forum > EcoModding > EcoModding Central
Register Now
 Register Now
 

Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 07-11-2009, 06:18 PM   #31 (permalink)
EcoModding Apprentice
 
PA32R's Avatar
 
Join Date: Apr 2008
Location: Anaheim, CA
Posts: 129

LR3 - '06 Land Rover LR3 HSE
90 day: 21.13 mpg (US)
Thanks: 1
Thanked 2 Times in 1 Post
I don't get it. He has to realize that at some point he will be exposed. I can't figure out what he might think is his exit strategy.

  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 07-11-2009, 11:42 PM   #32 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,762

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,585
Thanked 3,555 Times in 2,218 Posts
He will bilk as many "investors" as much as he can, for as long as he can, then disappear without having produced so much as one engine. He will have many excuses along the way for the lack of engines or keeping any sort of schedule: changing business plans, the economy, the price of oil, the availability of E85, El Nino, Obama's stimulus, you freekin name it.

Kinda reminds me of the Moller Air Car. That silly sum***** has been at it for what- 40 years???- he has no intention of ever producing it. The Air Car is Moller's "career"; it is a way to pull in investor dollars and if it never leaves the development stage, so much the better.

Last edited by Frank Lee; 07-11-2009 at 11:47 PM..
  Reply With Quote
Old 07-11-2009, 11:46 PM   #33 (permalink)
EcoModding Apprentice
 
PA32R's Avatar
 
Join Date: Apr 2008
Location: Anaheim, CA
Posts: 129

LR3 - '06 Land Rover LR3 HSE
90 day: 21.13 mpg (US)
Thanks: 1
Thanked 2 Times in 1 Post
Quote:
Originally Posted by Frank Lee View Post
He will bilk as many "investors" as much as he can, for as long as he can, then disappear without having produced so much as one engine. He will have many excuses along the way for the lack of engines or keeping any sort of schedule: changing business plans, the economy, the price of oil, the availability of E85, El Nino, Obama's stimulus, you freekin name it.
I guess that passes the Sherlock Holmes criterion, i.e., when you have eliminated the impossible, whatever remains, however unlikely, must be the truth.

It seems bizarre that he thinks he won't wind up in prison at worst, bankrupted by shareholder lawsuits at best.
  Reply With Quote
Old 07-11-2009, 11:47 PM   #34 (permalink)
Moderate your Moderation.
 
Join Date: Nov 2008
Location: Troy, Pa.
Posts: 8,919

Pasta - '96 Volkswagen Passat TDi
90 day: 45.22 mpg (US)
Thanks: 1,369
Thanked 430 Times in 353 Posts
He has another identity in a non-extradition country.
__________________
"¿ʞɐǝɹɟ ɐ ǝɹ,noʎ uǝɥʍ 'ʇı ʇ,usı 'ʎlǝuol s,ʇı"

  Reply With Quote
Old 07-12-2009, 09:19 AM   #35 (permalink)
Renaissance Man
 
Formula413's Avatar
 
Join Date: Jan 2008
Location: In the Northeast dreaming of the Southwest
Posts: 596

Aegean C - '17 Honda Civic LX
90 day: 42.4 mpg (US)
Thanks: 20
Thanked 31 Times in 24 Posts
Quote:
Originally Posted by PA32R View Post
I don't get it. He has to realize that at some point he will be exposed. I can't figure out what he might think is his exit strategy.
That's what I don't get either.

The last time this car came up I think someone did the math and determined that there isn't even enough energy in the fuel to produce the numbers he is claiming, assuming he could somehow increase the efficiency of an ICE from it's usual ~25% to 100%. Are investors really giving this guy money? What the heck is really going on here?
__________________

  Reply With Quote
Old 07-12-2009, 11:15 AM   #36 (permalink)
EcoModding Apprentice
 
Join Date: Mar 2009
Location: Massachusetts
Posts: 216
Thanks: 0
Thanked 1 Time in 1 Post
Fools and their money are soon parted. There's certainly no correlation between money and intelligence. This guy's a weasel, but I feel trouble having sympathy for idiots that blindly believe these outrageous claims when even uncommon sense should at least make them suspicious enough to look into it. Just an expensive lesson, providing they actually learn from the experience, which they probably won't. My only real issue is that it's pretty much guaranteed that this weasel isn't going to do anything good with the money—just buy himself some expensive junk. If he donated the money to charity or created his own, I'd say all power to him.
  Reply With Quote
Old 07-12-2009, 11:46 AM   #37 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,762

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,585
Thanked 3,555 Times in 2,218 Posts
Nope. I don't care if he does give it to a good charity. It's still bad money obtained by deception.
  Reply With Quote
Old 07-12-2009, 12:08 PM   #38 (permalink)
Moderate your Moderation.
 
Join Date: Nov 2008
Location: Troy, Pa.
Posts: 8,919

Pasta - '96 Volkswagen Passat TDi
90 day: 45.22 mpg (US)
Thanks: 1,369
Thanked 430 Times in 353 Posts
So this is kinda how it works...

I had a Ducati bike that was in not-so-great condition.

I kept getting offers for $900, $1000, $500, etc.

I knew it was worth more than that, obviously.

To create better bids, I lied to those bidding. Not about the bike, about the other bidders.

"Will you take $500?"

"No... the bike's highest bid is $1600"

"Let me look it over again... Ok, I've got $1650 cash"

Nothing has changed about the bike, but the bidder's attitude (and thus, bid) changes.

The point is that you can interest people by talking up your figures. This guy is saying 312,000 orders... maybe that will get him the attention to get more "orders". Saying a really high MPG number obviously got him the attention he wanted, look at how many threads and replies are around because of this guy. He's a household name when it comes to people like us, and not even a good one!

So, basically, he could be inflating his numbers just for more market attention so that he can make a faster money share.

Then again, he could be telling the truth... 312,000 fools could really have bought into this thing.
__________________
"¿ʞɐǝɹɟ ɐ ǝɹ,noʎ uǝɥʍ 'ʇı ʇ,usı 'ʎlǝuol s,ʇı"

  Reply With Quote
Old 07-12-2009, 01:30 PM   #39 (permalink)
EcoModding Apprentice
 
PA32R's Avatar
 
Join Date: Apr 2008
Location: Anaheim, CA
Posts: 129

LR3 - '06 Land Rover LR3 HSE
90 day: 21.13 mpg (US)
Thanks: 1
Thanked 2 Times in 1 Post
Quote:
Originally Posted by Christ View Post
So this is kinda how it works...

I had a Ducati bike that was in not-so-great condition.

I kept getting offers for $900, $1000, $500, etc.

I knew it was worth more than that, obviously.

To create better bids, I lied to those bidding. Not about the bike, about the other bidders.

"Will you take $500?"

"No... the bike's highest bid is $1600"

"Let me look it over again... Ok, I've got $1650 cash"

Nothing has changed about the bike, but the bidder's attitude (and thus, bid) changes.

The point is that you can interest people by talking up your figures. This guy is saying 312,000 orders... maybe that will get him the attention to get more "orders". Saying a really high MPG number obviously got him the attention he wanted, look at how many threads and replies are around because of this guy. He's a household name when it comes to people like us, and not even a good one!

So, basically, he could be inflating his numbers just for more market attention so that he can make a faster money share.

Then again, he could be telling the truth... 312,000 fools could really have bought into this thing.
I agree that that's possible, but the question is what he plans to do when he finally has to deliver something? Declare bankruptcy and hope for the best having tried to hide a bunch of money offshore? Leave the country?

It was easier for Madoff, all he had to do was deliver money, which he got from new investors. This enabled him to keep the scam going for years. Pelmear has to deliver engines. Is he really going to say "gee, I thought you guys understood that the mileage figures don't count the ethanol being burned"? His site explicitly denies that that's what he's doing.

He's not a total moron, as best I can tell he's a reasonably skilled speed shop operator. He must have a plan of some sort to get himself out of the mess he's creating.

Last edited by PA32R; 07-12-2009 at 02:07 PM.. Reason: Changed "fool" to "moron." I think he is a fool, but not without some smarts.
  Reply With Quote
Old 07-12-2009, 02:12 PM   #40 (permalink)
Dartmouth 2010
 
SVOboy's Avatar
 
Join Date: Nov 2007
Location: Hanover, NH
Posts: 6,447

Vegan Powa! - '91 Honda CRX DX
Team Honda
90 day: 66.52 mpg (US)
Thanks: 92
Thanked 122 Times in 90 Posts
Send a message via AIM to SVOboy Send a message via MSN to SVOboy Send a message via Yahoo to SVOboy
Quote:
Originally Posted by PA32R View Post
I agree that that's possible, but the question is what he plans to do when he finally has to deliver something? Declare bankruptcy and hope for the best having tried to hide a bunch of money offshore? Leave the country?

It was easier for Madoff, all he had to do was deliver money, which he got from new investors. This enabled him to keep the scam going for years. Pelmear has to deliver engines. Is he really going to say "gee, I thought you guys understood that the mileage figures don't count the ethanol being burned"? His site explicitly denies that that's what he's doing.

He's not a total moron, as best I can tell he's a reasonably skilled speed shop operator. He must have a plan of some sort to get himself out of the mess he's creating.
This is basically how venture capital on the internet works. You get a lot of money to make a site and say "well figure out how to make money later, once we have spent all the investors money."

However, when the time comes they dont make money and the investors end up paying for the tech nerds to drink cafe lattes while they fiddle around with whatever since nothing of their own is on the line.

So, taking orders before being product construction, I am sure, will allow for money to live while production is "delayed" and "problems" are "reanalyzed," etc.

And no one will question out their because of misguided pride in american industry, when really the only industry employed is misdirection, boasting, and deception.

  Reply With Quote
Reply  Post New Thread




Similar Threads
Thread Thread Starter Forum Replies Last Post
Video: tuft testing (rear) 1993 Ford Mustang notchback MetroMPG Aerodynamics 12 02-05-2011 10:40 AM
Ford Mustang getting 100 SickMPGs General Efficiency Discussion 22 11-01-2009 01:58 AM
Mustang neutral coasting? (in Ford Mustang V6 automatic) JRK5150 Hypermiling / EcoDriver's Ed 17 02-15-2009 12:25 AM
Mustang belly pan streeter Aerodynamics 13 11-09-2008 04:11 PM
1998 Ford Mustang V6. Stanger98 Introductions 11 07-04-2008 07:27 PM



Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com