Staggering £3.8m Valuation for Water-Powered Batteries | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 28 พ.ย. 2024
- Next to face the fiery Dragons is Vivian Blick, managing director of Tango Group Ltd. He's here today to offer 5% equity in return for a £200,000 cash investment in his range of alternative energy products, but what does his patent really look like?
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #RenewableEnergy
Has anyone noticed Richard Farleigh looks like Prince Charming from Shrek 😂
I just watched Shrek 3 last night and you are 100% right
🤣
Hahaha that's awesome!
He's a good Oakington
I do now lol
They're not powered by water, they're *activated* by water, in other words there's a chemical already in there which reacts when water is added and produces an electric output. This isn't a green technology - it's just a battery with some water in it. Normal rechargeable batteries are more green than this because at least they avoid the landfill for longer.
Very important information, thanks for clarifying!
It's a great stepping stone though! Could be the start of something bigger give it 5 to 10 years of development and boom it could be something great
@Bitterman I know this bro bit that's just right now I always say you cant invent television until you've invented electricity this could just the start we have to start somewhere after all I personally think solar energy should be utilized more often
@@lukeellis758 you're not understanding. This is not the future. This is a farce. Richard was correct. Current battery technology has way surpassed this.
@Bitterman So this is basically the same thing as older car batteries or riding mower batteries where you had to occasionally top them off with water?
It's not "water powered". It is "water activated" and the water obviously dissolves some substance in the battery to make an electrolyte. That substance gets used up and ends up in the water which is poured down the sink. Not environmentally friendly, at all.
Any more or less than batteries in landfills?
@@B_Bodziak take into consideration the low power output "trickle" into the equation. It may be that it takes 10 water batteries to deliver the same energy of one high quality AA? I did not hear any info in the video regards amps, only 1.5v. but still a very interesting product and he should be praised, not kicked down, especially by Richard who is normally very nice.
Not necessarily.
acid
@@B_Bodziak In a landfill is better than in the oceans.
The most fascinating part about this whole thing to me was learning that there are men called Vivian.
Glad I wasn't the only one that noticed that.
Right? But that's not bad or anything, just uncommon.
Never watched the young ones then?
@@seymourskinner2533 I was just thinking that :)
@@seymourskinner2533YES, WE'VE GOT A VIDEO!
Richard Farley is usually quite a pragmatic and calm person. For him to get wound up like that, plus the nervous disposition of the pitch, says a lot.
Yeah, i read your comment and watched it again. He seems to have some ticks too.
He's like this because he knows about the market more than any other Dragon does and knows exactly what the person is trying to do.
Yeah correct its a con guys full of it
not really it just shows all people are able to lose their cool
You're a dullard
The water isn't suitable for fish to swim in, so for that reason I'm trout
marry me
For you JJK fans out there:
Tuna, tuna.
These are dragons not sharks.
Should have been on Shark Tank.
😆🤣😂be careful she's got two strapping lads at home.
He could use them to power a great invention I once saw called a “flow signal”
🤣🤣🤣🤣🤣
🤣🤣
@@Chrisdl901 wass
You see it's mimicking the traffic coming towards you
@@mohammedrahman6089 and you see it in your peripheral vision
The water for the water powered batteries comes from the sweat on his face.
I can see you took this from the pyramid scheme business... but lol, you’re right
I knew I was gonna see this comment lol
Hahahaha
He was sweating as much as Barry was.
You beat me to it 😆
Richard Farleigh is usually such a gentleman and very respectful of the presenters. The reason he wasn't here was that he saw right through his bullshit, and I agree with Richard completely. Should anyone actually invent and patent a fully recyclable water activated battery with indefinite shelflife, he/she will be rich. Bill Gates rich!
100% Richard was absolutely spot on with this one, there's a reason why this guy was sweating like an absolute pig, he knew what he was pitching was garbage.
Yea. Amazon and Tesla wouldn’t be able to hold a candle to that worth.
No. He/she be dead. Jimmy Hoffa dead
Or dead?
you spelled "dead" wrong
Richard: I know that you know that you are trying to pull wool over our eyes
Peter: I don't find it devious, I think it's just overvalued
Duncan: I don't care 😂
I don't think Peter would invest in this company even if it's $200k pounds for 100%. This dude's got practically nothing in that company worth anything other than that 5 year license.
@@stevengu1253 fr even then after the 5 years are up the business could literally crumble into nothing if they don’t renew the license
That was verbal battery by the dragons. He just couldn’t cell it to them.
😂😂😂
You could easily be the new host of this show. High class pun game
This is funny! 😂😂😂
hahahahaha
Go to bed
It seems like every 5 or 10 years someone "invents" the water battery.
The same thing being used since ancient Egyptian times, with some tweaks over the years.
I can't believe none of the dragons called out this scam technology.
@@nouton7432 I hope English is not your 1st language?
@UC-XbUU3TXvmKUyTbudrlghg Like people already pointed out in the comments, there are batteries out there (that have existed for years now) that use water (like this one) as a source to make the actual material that holds the energy to react (the water is not the fuel itself, fuel is the thing that holds the potential energy, so this is not), once that material exhaust its energy no matter how much water you pour into it, you won't get any more energy, so you can practically exchange any other liquid that contains hydrogen and oxygen, and bingo, you can make you material to react, and like you also point out, these batteries are not only expensive, they are also inefficient, and no eco-friendly, no amount of "development" or years will change that chemical reaction, that's why people selling this as "the future" are selling a scam.
This is equivalent of the machine that draws potable water out of thin air, the concept has been tried a thousand times, but you'll never make it work out, there is just so much water in the air, even in the most moist place ever, it will take you an eternity to make just a glass of water, so it will become the most expensive glass of water ever, so no matter how much "technology" you throw at that idea, you can't make something out of thin air, and people still claim is the future, and as many think they are discovering the wheel, while the idea, the concept, and the technology has been already fully developed years ago.
So people buy into these scams cause at first glance they work, they do what they promise, but not exactly as they claim, and it is known that the idea is a dead end, no improvement can be done to them, that's why no major company actually uses them, not because oil companies have unknown conspiracies going on.
So why aren’t we using them then?
@@notgoingout2234 because they're typically only suited for very low power applications and while some people think it's the water that's generating electricity, the water only acts as an electrolyte for a consumable metal inside.
So it's not some magical battery that turns water into power.
I am afraid Richard Farleigh is correct. And he always is. The battery is a scam, it’s just water dissolve sth inside then provide mobile ions start some reactions etc. He works with professors in the Oxford University for tech start up projects, he is indeed an expert compare to Peter.
Nobody is always right first of all. Second, that might the reason why Richard was out for good... Going personal on the character of entrepreneurs (who were by the way pre selected) is obviously not good for the image of the Dragons and the TV format. Many people in the comment do not get that this goes on national tv and while entrepreneurs are usually ready to be criticised on their business, no entrepreneur in his right mind would risk his personal reputation.
@@andrewalberti9121 There have been many instances in the course of the production of this show where the investors have pursued personally the presenters - they do this quite regularly, although I happen to think that Richard Farleigh's comment is correct considering the state of play of battery technology. I think the show is ok 'entertainment' but most companies should not bother presenting on this show and head directly to banks for loans, angel investors directly or obtain funding privately. The only real reason to be on the show is for media exposure in my view to push a cause, or for the purposes of more investor interest elsewhere.
Richard Farley was spot on about this guy, it looks like a total scam. The idea that his company was going to make improvements to battery technology is laughable.
Exactly, that's why the creator of the battery was not willing to go into business with Vivian - they knew that he'd not be able to improve on it enough for it to be viable for anything but a low current battery. I'm surprised Vivian didn't say that he was intending to develop his product for electric cars - why not go the whole ̶h̶o̶g̶ cow and really milk it!
He should have kept it to selling trickle powered toys instead.
Why would a scammer come in front of experts? Obviously he's just ignorant of science.
He's just delusional living in a dream.@@wowalamoiz9489
@@wowalamoiz9489because he didn’t expect them to be experts in this specific, niche field. if Richard hadn’t been there to share his own insights on the technology, he wouldn’t have been called out.
also, scammers, grifters, and swindlers _often_ overestimate their own ability to trick their marks.
This must be Dragon’s Den in an alternate dimension because Peter is the good cop and Richard is the bad cop in this pitch
Peter prob just wants to set up against whatever richard says since that dinner party thimg with his wife
Richard is a Jenny
Honestly, Peter will just go for whatever angle is the opposite of Richard's.
@@leopardgeckocrazy Richards better than Peter doe
@@sachinfulsunge9977 completely agree
Entrepreneur: “hi this is my product”
Peter: 🙂
Entrepreneur: “it’s worth 3million”
Peter: 🙄
Entrepreneur: “first year turnover £750k”
Peter: 😯
Entrepreneur: “with a net loss of”
Peter: 😑
Entrepreneur: I've got this company currently turning over 10k a year...
Peter: *meh*
Entrepreneur: I've also got another company that turned over 3 million pounds last year!
Peter: Tell me ALL about your other company, and your house, and your wife, and your dog, and your postman!
Lol, that's too nice. It's more like: 👺
Actually, that's more Duncan. But Peter is like that on the inside, but the result's the same.
this thread is exactly how i wanted to start my new year
Entrepreneur: "we do not own the patent, but..."
Peter: 😂
Even when he's insulted and annoyed, Richard is calm af.
He’s always cool, calm and collected. I wish he was in more episodes.
Such an underrated dragon, a shame they replaced him.
He was smartest dragon
Just had an understanding of professionalism
Richard was replaced because he rarely invests and is actually boring and a bully
Me: I quite like this product
Dragon: I'm out
Me: I'm out too, trash.
😂
Lol
I swear Sarah Willingham does this..
Gives me confidence for my 'battery-powered water' pitch next month.
Just tell em you managed to tame an electric eel and enclose it to put in a car =)
Duncan is great.... "he thinks this, he thinks that... but at the end of the day... i dont care... i'm out".... LOL
Exactly, to the point.
NARRATOR: Theo Pefitus has been looking increasingly concerned
Theo: So, I'm increasingly concerned...
He must be psychic!
Pefitus? lol. It's Theo Paphitis.
Does this guy realise that that's how battery acid is made lol.
So it's not recyclable because if you throw it away it's still contains active battery corrosive properties.
You can get 1.5 volts out of a potato
There are WWII life jacket battery that use this tech on life jacket lamps.They are activated by sea water.
@@theodorosantreou8730 good old salt battery 👌
Not all potatoes. Joe Biden wouldn't produce any current at all.
Richard Farley was spot on.
Really wish Richard and Duncan were still on the show.
Doocan?
Agreed. Duncan in particular - not the same without him!
So, basically, he's selling cheap gadgets from China.
Indeed. All of his products are sold world wide, sometimes with a little change in design, but the same over all. I checked their website and many products are below $5 Canadian retail
It's nothing more than a gimmick. The water doesn't provide any power, it's just an electrolyte that dissolves some salts, forming a very weak battery.
@@DiabloOutdoors I guess that's how he amasses sales. Cheap, so end-user accessibility. So he is a Con-artist but through a collective through a toy company that he uses as his trojan horse for testing his products/ideas etc.
Wow
@@netweed09 most probably
He WAS trying to pull the wool over them and Richard was the only one who caught it. Also he probably made his previous sells by telling the buyers that it was water powered or just hiding it and telling them it was a "water cell battery" when it was only a gimmick of a con artist.
Richard Farley was so smart & a genuinely nice guy too.
I’m really sad he was let go by the programme, he was confused and shocked about the decision too.
I have a feeling it was because he was too nice. Definitely my favorite dragon though!
@@aliasad2143 It might have had something to do with not getting on with Peter Jones but there’s no foundation to that really.
@@SRPC21 From what has been revealed online, BBC got rid of him because they were seeking a more ethnically diverse panel of dragons. At least that is the rumour and what is stated on the dragons wiki page.
@@jackrules24 A fair point, and just to bring it up, if 1 has to be cut, Peter Jones might have made more money for the program over the years, and by that fact alone would be weighed more, than "who is nice" for the investors of the show
yet they still always reserve a seat for one “friendly dragon” on the show - one who is usually polite and constructive in their feedback to the entrepreneur (which Richard normally is, except this pitch must have just gotten under his skin).
the actual physical location of the seat on the set might move around from series to series, but there’s always one dragon who’s _usually_ the “friendly” one. after Richard it was James Caan, then Nick, then Tej, then Sara Davis.
Richard is normally so nice, really layed the smack down on this one!
First time I saw Richard roasting anybody this hard.
Peter really hates Richard 😂😂😂
Richard is far smarter
Richard is sigma male - the quiet effortless cool, and Peter hates that he has to try so hard in comparison
I wonder if Peter was instrumental in getting Richard off the show?
@@billtilford3047 …no I haven’t heard it was Peter, they say the BBC wanted an ‘ethnic’ looking dragon…in comes James Caan, who was a good dragon, as equally nice and soft spoken as Richard . Richard apparently got the most fan Mail during his time. His year on the show was enough to make him famous and instantly recognisable anyway so it did the job. He’s even appeared in the celebrity columns when he romanced Anthea Turner - so at least we know he’s not perfect lol
Tech rivals but Richard is obviously much more educated and informed in the core field.
Vivian is no longer part of the company; terminated as director in 2016. And the company has around 32k in capital and reserves in 2020. Which is more than half of what they had the year before that.
Cool story bro. Like they just told everyone their capital and reserves.
@@DJcyberslash The accounts are filed at Compies House for anyone to see.
At that rate of progress he would most probably be better of simply selling and distributing bottled water.
This was definitely my favourite dragon lineup.
@deja No.
Too bad it wasn't brown enough for public consumption
@@joakimsen87Ooo the brown people are coming to get me! Help help!
I suspect Richard was right on this one…
To be working in that space and to pretend to not know what other work is happening in that arena is either ignorance and stupidity or porky pies
The company still exists but has gone from selling water activated to solar power products, I wonder why? I work for a science museum in the UK and I get their sales emails occasionally still!
@@lewisb85 these “green energy” products get tons of government subsidies. Basically, free money… pushing inefficient products/gadgets
Not entirely. It is possible to so focused on your own product you don't look at the competition (it's only a distraction which you can't do anything about), but when you come to VALUE your company, you have to.
Obviously, it all comes down to energy density, and sustainability.
Or the guy is just clueless about the industry. No need for the accusations tbh.
12:23 Notice the small smirk between Peter and Richard. Two "tech" guys knowing and respecting.
I always treat entrepreneurs with non-patented exclusivity deals with caution as there always seems to be a sense of desparation and sunk-cost fallacy going on. Guarantee if you asked this guy when the 5-year contract expires he'd say something like "the beginning of next year". Same was true with the vitimin candy and the gps kids watch
Exactly what it is.
Well, based on what he's told the Dragons, at most, his contract has 2 years remaining time because he's already did 3 years of distribution and got numbers for that. So yeah, terrible investment. I wouldn't give him a dollar.
I worked for a ferry company back in the 90's and they used similar batteries then to power harbour navigation lights so the technology has been around for quite a time.
It's because what he showed is just a regular battery
That was probably Lead Acid batteries which need topping up with distilled water regularly after recharging.
7:40 It might work as a battery, technically. But its a very weak battery. I’d be interested to see it’s power and duration (amp hours?) compared to an AA battery.
The moment he says it can’t substitute an AA battery... I’m out
Even if it can, you shouldn't invest in that company because the company doesn't own the patent to the product. If the inventor decides to not give him a renewal of the contract, he's bust. The entire company's completely worthless.
It would probably power an LED for about 30 seconds.
I'm Australian and I wish I was as educated and refined as Richard Farley.. Sadly, I am just another knuckle dragging Australian with a penchant toward thievery and skulduggery :(
We meet again my fellow lunchtime warriors!
😂
UK in the house!!!
Hello from Newcastle, UK 👌
Good afternoon. How's the graft 🤣🤣🤣
😂😂 Hey there!
The fact I have never seen water powered batteries tells me this didn’t work out 😂😂😂
Because of Big Lithium. Lol
Hydrogen is a worthy competitor, think land rover is working on it
@@syndan9245 Landover is an Indian Company :)
@@syndan9245 Ubiquitous green hydrogen is a fallacy.
@@dipladonic not at all, electrolysis to seperate it out is just inefficient. If we were to start adopting liquid salt reactors to power that though... now we cooking with gas
6:58 "Selling something and making no money is easy. Anyone can do it." Duncan's book is Anyone Can Do it. In stores now. That's not what he was talking about though...
His book is crap though.
I'm glad Richard was there on this one.
I like him, man has a sort of Niles Crane quality to him
@@somemong989 Calm and collected. Quietly confident.
Dragons: "looks like meat is back on the menu, boys"
They just ate him up lol
Yes, it was a battery.
A Lord of the Rings quote, i can see it now
Ah yes, a lord of the rings reference, referencing the secretive orc restaurants of middle earth
It's just a battery, you add water to dampen the dry electrolyte. It's cool, and may last longer than a convenientianal batteries which dry out much quicker, but it works the same as recharables batteries which lose life span every time you refill them.
Richard: You trying to fool us! >:(
Peter: *Disagrees with Richard because he doesn't like him*
Duncan: I DUN CARE, AM OOT
A thief stole my water powered battery and drank the contents. The police charged him.
I heard that he punched an arresting officer and was then put in a dry cell and charged with assault and battery.
@@denisxx61 That was the one who broke into a bank and stole two vaults. He appeared before a circuit judge.
They gave him life?
Great puns
Here is how to make one if you are interested:-
One electrode of copper. One electrode of zinc, Some crystals of citric acid. Put them in a plastic tube.
See experiments running a low power device using an orange or even a potato. That is all.
To be fair to him, his business is still trading well and it looks like he sold it in 2016. No sign of water batteries however!
@@666m111 Yep; anyone can sell using an obscure vehicle from a Chinese importing company for low-priced products.
Richard was a great dragon.wish he was still appearing.
"it's left to duncan bannatyne to have the final word" 😂 haha we all know how that's gonna end
Richard "hold one a second I'm gonna fix my hair one more time then I'm ready to have my say"
🤣🤣🤣
This is; he can really back it up with proper substance.
Unlike Duncan who tries the same thing in effect but with the grace of a sweaty woodcutter in the Amazon to cover up his lack of actual product knowledge. Yes,, Mr ''Does the electric toothbrush need a battery?'' himself!
The question is, what is the internal resistance of that water cell, its like yeah you can get 5V out of a potato, but the internal resistance is in the range of 30kohms and therefore reduces how much power you can get out of it. That being said I did see someone powering a calculator with a potato array haha.
Well said. Good comment.
If Richard said the sky was blue Peter would say it was pink
Exactly!
A battery that is only useable with products also produced by this company…real useful
Apple had that idea first.
7:13 Bro Richard looked like he was about to kill someone and enjoy it a little too much 🤣
I’m actually surprised none of them could see through this bollocks
He held his ground really well considering
Farley didn't eat his Rusk today 🤣
£3.8 million!!! This is going to be a lunchtime treat!
Peters wrong, it's 4 million.
20 * 200,000 = 4 mil
Afraid you’re both wrong. 3.8 million is the correct, pre-money valuation. The business is (supposedly) worth 3.8 million. With an investor’s cash, it would then be worth 4 million but they’re discussing what it’s worth pre-investment.
The cash doesn’t go FROM the dragon TO the shareholder - it’s for newly issued shares.
@@tgooda4672 5/100 * x = 200,000
x = 20 * 200,000
4 million.
Can you show me what calculation you used? Generally interested, thanks.
David they're talking about a situation where somebody will pay 200k to own 5% of the business including the 200k cash injection. This would mean the business with the 200k cash injection is worth 4 mil, and the business without the 200k (i.e. the business as it currently is today that's being brought to the table) is worth 4 mil - 200k = 3.8mil. So it's worth 3.8 mil before the investment ('pre money') and 4 mil after it.
This is always referred to incorrectly in the den. The dragons will definitely know this, I can only assume it's done for the purposes of tv (and on some really early clips you do hear them talk about pre and post money).
I can literally make that cell in my toilet. The water is acting like a "Solute" between two metals. This is the very basic galvanic cell, without the water. What this dude dis was add the water part after.
This is exactly like ordering noodles from a restaurant compared to buying cup noodles. Just add water and all the ingredients are already in there
Do you put the anode in the cistern, the cathode in the bowl, and flush whenever you need the ions to be balanced?
Walter whites battery was way bettet
@@jasonwen7495 nice humour but a basic salt bridge should take care of balancing the ions
Hi!
0:32 what?
0:32 who?
0:32 chika-chika Slim Shady.
Just checked the company on Companies House and it's still around. Filing micro accounts and definitely not in the £4m bracket! Vivian Blick resigned his directorship in 2016.
i spit out my water when he said "portable radios and dvd players"
That aged well lol
I was waiting for him to bring out his bag of magic beans
😂😂😂 stop it
His amount of sweat could power a battery🔋😰😂
Lol, you could clearly smell that those weren't nerves - that was just the sheer anxiety of a scammer knowing his ass would very-likely get found out.
It's a water-activated battery with a consumable one-time use fuel.
That's what ppl aren't getting. The "water" is a red herring. Gives the impression that "Oh when the battery runs out ya just refill it w/ water".
They deliberately have hot lights placed in the direction of the person asking for the investments to make them sweat and look as if they are nervous.
Richard Farley is a really astute guy. You can see how he got to where he is.
So instead of pitching an actual hydrogen fuel cell... he pitched a water battery?? Hell, lead acid batteries use water and are fully recyclable
Exactly. He's coming out of no-where among all those researching students Richard mentioned and already establish Mega-companies like Duracell and thinks he can eat at the round table, lol.
Lead Acid batteries use sulphuric acid.
@@fly9wheel you put water in them though
The Chinese guy doesn't want to invest or do joint ventures with his Anglo behind for good reason, he doesn't need him. If he needed investment or a joint venture, he can go to any number of Chinese investors/companies.
How do they get a £3.8m valuation from 5% at £200,000? Surely that's £4m? Did they cut something out?
@Paul Blackman That's not how it works. Original comment was correct, Offering 5% for £200K means he is valuing the business at £4 million.
@Paul Blackman Makes sense. His valuation says that the £200k would be 5% of the new value of the company. Hence the present value is £3.8m.
I think the thumbnail image should have included Richard and not Debra..
"Tunova tunova tunova" - Duncan 6:51
Pasta for lunch - I like my carbs
Lucky sod. I can't have pasta, trying to lose weight.
@@OakApplegardens I'm not trying to lose weight. KFC for my lunch.
Same here just had a carbonara
Cheese, salami, tomato and hot sauce sandwich, today's hot sauce is Frank's for that mild but classic taste
Idk why im taking part of this wierd thing XD but I had bolognese myself for lunch
Btw why is everyone sharing their lunch lol
PJ pandering to the inventor to get back at Richard. ‘You’re clearly a good guy’.. & ‘I would’ve invested if this & that’
•How unnecessary, geez he can be a real pain in the backside
he's clearly a skanker, Peter is always so up himself.
Richards honesty is why Dragons den producers didn't like him
I actually thought the opposite. I like him as a Dragon but you could see here how uncomfortable he was with confrontation. I think the producer's want someone who is more willing to go in on people, here he seemed to be fumbling for words and unable to make eye contact. Nice guy but I guess the producers like something a little more spicy.
@@jordanmeanes4464 disagree with that. I don't think you can be as successful as he is an not be able to handle confrontation
@@tiprat5051 Of course you can.
@@jordanmeanes4464 no
Damn, lol!
BLT for me today💪🥪
I like that Richard guy.
BLT for lunch, Richard for a snack 😶
You know it's a very old episode when you hear "DVD player"
- Hi guys, guess what, you know that scam thing I am doing? I get to go on Dragon's Den and try and scam the Dragons?
- But Vivian, won't they immediately see it as a scam?
- Nah, I'll be fine.
HAHAHAHA! "It's got so many problems they'll get bored with finding them, and just give me the money"
You could presumably power the space shuttle using these batteries just with the sweat coming off Vivian in this pitch.
Lol
That man is "sweat activated"
0:24 - female vs male reaction to a toy car
His forehead is producing enough water to power half of Britain.
😂😂😂😂
Still not producing as much water as Barry's forehead from a pitch offering the PUREST, FRESHEST, ICE COLD BEST DRINKING WATER ON THE PLANET!
Possibly enough water to power one of his tv remote devices lol
They purposely make where he stands hotter to make him look nervous to the camera. They either use hot lamps or heaters.
I love you tubes closes captions. Theo per fetus
The water is delivered in a funneled utensil... And for THAT reason, I'm spout.
The battery started leaking on his forehead half way through the pitch 😂😂🤣🤣
😂😂😂
They must turn the heat up in there for a laugh
And encourage them to wear suits to look smart
Richard Farley is an Aussie. We are straight out, and we don't do straight out politely, as the English do.
He sold the business in 2016 and resigned as director. Did he make any money out of the sale?
Yes.
He sold it to some poor sod that is going to have to take his place as a sweaty guy attempting to sell batteries nobody wants
Sweatyness is just part of the act. You sweat every day. It's in your blood.
@@TheManInBlueFlames your not a true sweat, come back when you can perform a simple cone and floor edit followed by a reverse ramp and wall edit then you can talk about sweating everyday! You don’t know the meaning mate! Low iq brah
I’m writing this from 2024, where everyone is powering their portable clocks and DVD players with water.
FFS sake - anyone can take anodic an cathodic materials which have a potential difference which is exploited and available when ionic water (e.g. seawater) is added, and make them into a cell - at no point did the supplicant even say that they are rechargeable, as I recall. It's a sheer pisstake.
Correct. He lets people think that you can just keep adding more water to get more electricity, just like you can keep adding petrol to your car to get more miles. But never actually says that.
@@beeble2003 adding water is cheap and easy enough for most people, but anodes and cathodes erode and degrade - and they are expensive and have to be produced. The 'amount' of electricity which comes from them is negligible (without power input) in any reasonable size of apparatus.
Never seen Richard Farley get irate before
everyone here having their lunch while I'm in Asia having my dinner.
I just got back from Hong Kong were in Asia are you
I'm in the Northern Hemisphere waiting for my dinner.
@@smurfarooney2003 singapore :)
I always watch over my breakfast in Canada lol
@@pupplemupple I was in johor a few years back what do you do out there
Nice view of the prop money at 4:27.
I know everyone says it on every video but Richard Farley was such a good dragon.
Fairly standard confusion between infringement and patentability....
Do they turn heaters onto some entrepreneurs area? Really some sweat unnaturally while pitching. Asking for a friend … 😬
3:09 The business isn't worth 3.8M..
It would be an even 4M...
He's asking for 200,000 for 5%
I agree; I was looking for this comment as I don’t understand the £4m v £3.8m discrepancy. One could argue that the offered 5% direct ownership of the company would mean a 5% indirect ownership of the £200k received by the company via the investment, but even that argument would only result in a £10k difference in perspective, not a £200k difference in perspective.
@@matthewbell4273 If you invest £200k in it, your £200k will be 5% of the value. So the value _then_ is £4M. But that value includes the £200k that you just put into it, so the value before your investment must have been £3.8M.
Never before heard a man named Vivian!
It's not common these days, but there are plenty of them. Viv Richards, the West Indian cricketer, for example. Or Vyvyan in _The Young Ones,_ if fictional ones are allowed.
Richard: *fixes hair* I'm about to ruin this man
This is like watching a ship sinking and the captain has bailed out and the deck hand is trying to take over