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Space Elevator Company LiftPort In Trouble

Posted by kdawson on from the going-dwn dept.

TropicalCoder writes "The LiftPort Group, founded four years ago with the lofty dream of building a stairway to heaven, has seemingly reached the end the line. The dream was to develop a ribbon of carbon nanotubes 100,000 km long, anchored to the Earth's surface and with a counterweight in space, providing a permanent bridge to orbit. Elevator cars would be robotic 'lifters' which would climb the ribbon to deliver cargo and eventually people to orbit or beyond. Now LiftPort has all but run out of funds, and the State of Washington's Securities Division has entered a Statement of Charges (PDF) against LiftPort Inc. dba LiftPort Group and founder Michael Laine."

3 of 257 comments (clear)

  1. Well I guess we'll never know now... by datapharmer · · Score: -1, Troll

    Well I guess we'll never know now if it would run linux.

    --
    Get a web developer
  2. Re:Blue Sky Laws by Anonymous Coward · · Score: -1, Troll

    You make a very interesting point. However, if you learn how to speak properly I wouldn't have to read it twice to understand it.

  3. Re:Blue Sky Laws by Anonymous Coward · · Score: -1, Troll

    that is exactly what happened. i gave the documents to the individuals, but not to the state. i thought i was covered under Reg D,

    Micheal, it's same shady shit you pulled back in the days of Teknology-Laine when you routinely misrepresented who you were and what you planned on doing with the money you were asking for. You always interpet laws and regulations as something to skirt around and promises you make as mere casual conversation. Your convictions as to what is the "most important business opportunity ever" evaporate as soon as the checks stop flowing.
     

    nd no, so far as i know, i dont have any angry investors - anywhere. it is a paperwork snafu, and nothing more.

     
    Signed: "An angry investor in Bremerton".