Steorn's deficits rises to €21 million in most recent accounts

Steorn's deficits rises to €21 million in most recent accounts
Can sales of Steorn's physics defying O-Cube reverse a deficit of 21 million?

Sales of phone and charger to be announced this month

Steorn had spent just under €21 million of its investors’ money in its attempt to develop free energy -- in violation of the laws of physics -- according to accounts to the end of December 2014.

In the previous year, the company had registered losses €19.6 million.

In an interview at the end of last year, company chief executive Shaun McCarthy told The Sunday Business Post that the company’s expenditure has actually reached €23 million in the bid...

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