Replies to post #20994 on Romana Food Brands Corp (RFBC)

[05181992J03huA]

Everything in this article is pointing to large Financials and a real big win for us!! Many articles actually point to this conclusion.

[runner14]

I like this part

The SDE African project, signed a year ago will involve a 25 year commitment and will cost more than $100 million USD. It is estimated that once this project is completed, revenues from generated electricity could be in excess of $1 billion.

This was back in 2009

[S3lfMade]

The SDE African project, signed a year ago will involve a 25 year commitment and will cost more than $100 million USD. It is estimated that once this project is completed, revenues from generated electricity could be in excess of $1 billion. After all, wave energy is estimated to have at least 4 times more power generation capacity than wind.


Hi There:)

[Mad Money Monkey]

Nice article!!!!

[The Rainmaker]

This is the letter from the inventor. Confirming there is no working power plant, the Israeli government stopped investing, the inventor had to shut things down for a few years because his leg got crushed and needed repair, The old patents are expired, he said they applied for new patents, couldn't find them...

Sunday, August 18, 2013


Our company has the best accumulated knowledge in sea wave power plants in the world. We have build 12 models in Israel in the Jaffa port and two power plants for Chinese investor of 150kw each.

Our technology was chosen no. 1 in sea wave energy by independent PesWiki scientists. They have examined the top 100 clean technologies in the world. It is a Wikipedia site and they do not take money for publications. Anyone reading this report will see this has nothing to say against SDE's technology. SDE was the first to invent the hydro pneumatic system in sea waves.

This report is composed of lies and half of the truths delivered in poorly communicated fashion.

Former Shell Oil CEO John Hofmeister, recently said to the British magazine 'The Independent', if once the price per barrel was $5, in the near future it will be more than $150. He added that the countries that will not be able to develop alternative sources of energy will go into bankruptcy. Even if take the raise of prices from $10 to $100 it means a 1,000% change in the price. A country cannot change its energy budget in 1,000% this is one of the reasons for global economic recession that leads the US and Europe without foreign currency in their wallet. On the other hand OPEC countries are building towers made of gold. Since a lot of money is on the line we will face bigger resistance and that is why we will have to be in a low profile as much as possible.

SDE has no financial problems. We have been working for 17 years with the same bank. Never has one of our checks bounced and we have never taken on a single loan. We always work with what we have. Making the best of what we have.

El Salvador

There is a person with private property including access to the ocean and a hotel. We want to build a power plant generating electricity for the hotel and for nearby small villages. He is working to raise the capital needed. We have a NDA singed with him and the presentation he made with our materials. The press release was made jointly with him. Once he gets the required financing and a working power plant, naturally he would like to expand it to larger markets. Up until now the finance has not been raised, but he is still working on it. We can send relevant documents to anyone who contacts our team about this concern. There is no false information since we only published what we agreed on.

1. Chief Scientist

Please contact one of our staff directly to see a translated certification of the Chief Scientist approval number 23425 in accordance to the investment made in SDE of 791,730 NIS. There is no false information. We will also forward in an email received for the chief scientist referring the fact the grant was not approved for the second time. Due to the fact that they did not approve this grant SDE asked the office to cancel our commitment to pay them royalties from the model power plants. They did not approve the grant because they had no budget left for 2010 and that is why SDE was not approved. Our systems work and generate electricity so they did not agree to close the file and withdraw our royalties. Please feel free to call them and verify any detail you would like to receive.

2. Investments

Please contact us and show us any court numbers and dates of any amount of money that was received by SDE. We are not aware of any. Our CPA can show you our yearly balance. Please understand that the court did not give its final verdict. The Chief Scientist Office did not invest their money again in 2010 but investments were made in SDE along the years. Our CEO still invests his own money in SDE until this day. Chinese have invested thousands of dollars and so have investors from Mexico, Spain, Chile and so on. Using court protocols from a case which is still ongoing is unethical. For some reason this reporter is not willing to wait for the final judgment.

On a personal note: In 2/2000 our CEO's leg was almost disconnected due to an accident. We had one of our models working in the Jaffa port at that time. A screw from a buoy was loose and the buoy fell into the water. We picked it up back from to the sea wall and a big wave came slamming the buoy on his leg. He spent 14 days in the hospital just to get it connected back to his body. He spent another year in cast with metal reinforcement to get his leg back in place to the point where he can use it again. It took us a few years to get operations back to how they were before. It was during this period that our firm did not function as usual.

3. Patents

SDE has been registering patents for many years now. We always state the year that the patents are registered and we make new applications once new changes are made for the technology. We have also made an international application for a PCT made in 2009. SDE recently made a new application in the UK.

4. Miga

Please contact us to see the letter from Miga. We never made any publication telling beyond what is written in this letter. If a web site decided to attract more readers and make more than there was to it, it was not in SDE's control. As we all understand SDE cannot control everyone who decides to sit on a keyboard and write something. As the saying goes, it does not matter what they write about you just make sure they do not misspell your name…

5. Working power plant

SDE never claimed to have a working power plant. Any website saying otherwise writes so on his its own behalf.

6. Going public

SDE has checked the possibility of going public in the past and confirmed a few options. SDE considered the possibility to buy a shell subsidiary (TVGTF) in the form of stock for 10% of the company's shares. In the end it did not work out.

7. $70M in South Africa

Never has SDE claimed to build a power plant or made an agreement it this size. In the past there were times that SDE spoke about MOU's or other documents singed at the preliminary stage but independent reporters have made it into something else.

8. Chinese electric company – YUDEAN GROUP

True. SDE signed with Guangdong Yudean Group co. ltd, on an MOU. It is one of the largest electric companies in China and probably in the world as well. We decided to make an agreement with our current partners who offered us besides the building of power plants to receive shares at the local factory that they will build for our power plants parts.

We hope you find this information helpful. If there are still any open questions please feel free to ask.

http://www.ripoffreport.com/r/Shmuel-Ovadia/Tel-Aviv-Select-StateProvince-69359/Shmuel-Ovadia-SDE-WAVE-ENERGY-Publishes-misleading-and-fraudulent-information-Tel-Aviv-I-1037566