| Author | Message | ||
     anonymous Rating: N/A |
Most of you reading this board are probably aware of the minor scandal that erupted in Calgary, Alberta last year when it was discovered that Visualab's glasses free 3D projection TV and its seamlessly tiled LCD technology were both hoaxes perpetrated by its CEO, Sheldon Zelitt. His plot came unglued when he tried to pass off a plasma TV bought at the local Sears store as a prototype tiled LCD display at the July 2001 stockholder's meeting. An investigation by the company's board and some of the engineers proved that the autostereoscopic 3D system was nothing more than a conventional high end 2D projection TV showing very high quality digital clips. The quality was good enough that when seen from across a room at the company's demos after a marketing hype speech it looked "3Dish" enough to convince people that they were seeing a 3D image (but not always, apparently). Visualabs had also started talking about a 2D-3D conversion process that apparently did not exist either. Anyway, Visualab's stock, which had been trading at above $4.00 Canadian, crahed to less than 20 cents the day they let it start trading again, and Visualabs is now a shell company trying to get itself acquired by someone in another industry who can put it's remaining money to good use. Anyway, Sheldon is scheduled to stand trial later this year in Canada, but has apparently skipped the country to join his wife, who has been in the Czech republic for quite some time. An ex-Visualabs investor who posts on the Stockhouse USA bulletin board did some investigating and found that the domain name of a new company, www.variedlight.com, is newly registered in Sheldon's name. If you go to their website, you will find that this company claims to have technologies related to 3D without glasses, a tiled LCD system, 3D advertising, and a 2D-3D conversion process. These are the exact same things that Visualabs was hawking to its investors at the time it crashed and burned in 2001! If you want to get more information on this sordid tale, a Google Search on Sheldon Zelitt's name or Visualabs will bring up a host of listings both before and after the hoax was found out. The Calgary Herald had a lengthy multi part article online that is especially good if you can find it. You can also look at the positngs on the Stockhouse USA bulletin board (click the "company name" button next to the search field and search for Visualabls, the link to the bulletin board appears right above their stock chart). You can scroll back through previous pages to see old postings, but I don't know how far back they go. | ||
| Anonymous Rating: N/A |
The actual video shown by Mr. Zelitt was "borrowed" from the work being done my Mr. Chris Mayhew of Vision III Imaging Inc. It's too bad that the hard work that Mr. Mayhew has put into this invention has now been tarnished. |
