From the 10-q
the old scam:
"The Hydrogen Production Burner System is an efficient methanol-to-hydrogen production and burner integrated technology which utilizes a steam reformation process, employs a proprietary chemical catalyst and a unique low temperature pyrolytic reaction to convert common methanol into clean-burning hydrogen gas, on-demand, for use as a fuel source to a proprietary burner assembly. The inventor of the HPBS is located in Taiwan and has been developing the technology for over 9 years."
"Since April 2014, the Company has been in ongoing negotiations directly with Dr. Ching-Chang Chang, the inventor of the HPBS technology, who claims to have title ownership of the HPBS technology. In October 2014, Dr. Chang presented TTE with both pictures and video of a new 60m3 HPBS unit he completed building, at his own expense. While TTE and Dr. Chang have negotiated proposed terms and conditions for TTE to acquire the HPBS technology, TTE is continuing to undergo extensive due diligence to validate and verify title ownership of the HPBS technology. Until TTE is satisfied with title ownership of the HPBS technology, any final agreement to purchase the HPBS technology is pending."
It takes 1.5 years to figure out ownership of this? please
The new coming scam:
"In addition to the DCGT engine technology, Robert Scragg is also the inventor of an expired patent for a process in which methane gas, the primary component of natural gas, is converted into liquid methanol. This process is referred to as the Gas-to-Liquid process technology ("GTL" or "the Scragg Process").
In 1983, Robert Scragg received patent protection for his "Electromagnetic Process and Apparatus for Making Methanol". Mr. Scragg's 1983 patent proved that gentle oxidation of methane gas, a hydrocarbon, using precise electromagnetic activation produces methanol gas which is then condensed in the reactor chamber to form liquid methanol. The Scragg process for gas to liquid conversion provides for production of methanol, on a low-volume scale, using an easily transportable apparatus and system.
Throughout the United States and the world, at sites where oil-drilling operations are producing natural gas as a by-product, a large portion of the natural gas is being flare burned, instead of being sold, as the site is either too far from a pipeline or the accessible pipeline has no additional capacity.
With the recent increase of drilling in the United States, including fracking, the production of natural gas as a by-product of drilling has increased. When taking into account cost analysis, environmental considerations and commodity pricing in today's marketplace, TTE believes the demand for an easily transportable, self-sustaining apparatus capable of converting gas to liquid, even on a low-volume scale, has elevated. As a result of the market's willingness to consider other options, besides flare burning the on-site natural gas, several companies are working to develop a low-volume, easily transportable GTL apparatus for commercialization. To date, TTE is not aware of any company that has commercialized a low-volume, unmanned remote GTL system which has proved viable as a self-supporting, profitable business.
As noted above in the section on the Detonation Cycle Gas Turbine Engine, on November 14, 2014, the Company closed an Asset Purchase Agreement, with Robert and Barbara Scragg and Alpha Engines Corporation, completing the purchase, by Turbine Truck Engines, Inc. of all patents, intellectual property, trademarks, copyrights, trade secrets, rights, title, and interest for an electromagnetic process and apparatus for converting methane gas to methanol, the Scragg Process. While the Scragg Process patent has expired, certain intellectual property and trade secrets remain intact and protected and are now owned by TTE.
When the inventor received his patent for the GTL process technology, he created a working GTL prototype for presentation to the U.S. Patent office. Today, that prototype no longer exists and a new prototype has to be built using the inventor's notes, drawings and data collection to prove the viability of the GTL technology."
"On June 3, 2015, Turbine Truck Engines signed and executed a Services Agreement with Sahoma Controlware, LLC to provide the Company with engineering services for the design, modeling and simulation of TTE's Gas-to-Liquid Process technology, to include the Electromagnetic Generator, Chemical Reactor and Process Gas Feed Systems products. Sahoma will develop individual product simulation models & analysis for flow, thermal, vibration, structural/stress and electrical while also developing simulation models for the entire GTL Process to determine maximum operational effectiveness and efficiency. Based on the final analysis of all data and drawings produced from the work performed under the Phase 1 agreement, the Company intends to validate and confirm the viability of expending additional Company resources to move the product development of its GTL process technology into Phase 2 which is defined by the Company as building a physical bench prototype based on the design, data and blueprints generated by Sahoma Controlware from the June 3, 2015 Phase 1 agreement.
On June 3, 2015, Turbine Truck Engines signed and executed a Consulting Services Agreement with Justin Dean, an individual, to retain Mr. Dean as the Project and Program Manager for Phase 1 of TTE's product development of its GTL process technology. This agreement further defines Mr. Dean's responsibilities to include conceptual design analysis, product development analysis, product commercialization analysis, business plan analysis, product application analysis, and industry use & application analysis.
Upon successful completion of both Phase 1 and Phase 2 for the development of the GTL Process technology, TTE plans to pursue either a joint venture or a licensing agreement to continue the development of the technology for commercialization."
Stock holder are being diluted on an ongoing basis since 236 has taken over, currently to the tun of 2 million bucks.
22 million to date and nothing to show but more stock.
There is nothing good in this report
