Nov. 18, 2025 - Epoch Times
05:18
| 
| Time | Text |
|---|---|
| So the law fair had started almost three years ago now. | |
| We were at the Paris satellite show, which is one of the two main events of the space industry that happen, the satellite industry that happen globally. | |
| There's one in Washington, which happens early in the early part of the year, and then there's one that happens in Paris, which generally happens in September. | |
| And we, Rivada, were there. | |
| We had a display. | |
| We had our stand, podium, all the stuff that you have speaking. | |
| And I was actually at our stand and I got approached by a gentleman who's quite senior on the Chinese side of things. | |
| And he'd come from China and he said, Mr. Ganley, I've come here just to see you, just to meet you. | |
| It was a Monday morning. | |
| And I said to him, well, that's very nice, but I have a very full schedule this week. | |
| And he said, I will stay in Paris until I can meet you. | |
| I said, fine. | |
| So I decided that I would meet him on the Thursday. | |
| And I met him at the Place Vendôme. | |
| And we had a walk around. | |
| And during that walk around, he told me how, of course, justified their actions and why it was necessary that they took all of these legal actions, but that it was nothing personal and nothing against me. | |
| And that they think that I'm a great inventor and a wonderful person. | |
| And that they really wanted to be my partner, blowing smoke at me, you know, and buttering me up, basically. | |
| And they said that they had $7.5 billion for the project. | |
| And not only did they say that, but at the satellite show itself, they leafleted the show and even had those flyers put on each table at the venue of the hotel where the show was held. | |
| It was the Western Hotel in Paris. | |
| and saying that the funding of the $7-plus billion was there and this project was going to be going ahead by then. | |
| And he said... | |
| Wait, which project? | |
| The OuterNet, that they were going to do. | |
| They call it the Outernet. | |
| Exactly. | |
| What were you thinking of these leaflets? | |
| I mean, it was a topic of conversation because they were claiming at this time, they were claiming that this was their project because they had attempted a hostile takeover of a German company that had developed some of the technology around this. | |
| And they failed in that hostile takeover attempt. | |
| And the German government ruled against them and found against them in a saying that a Chinese company cannot take over this entity. | |
| But they were saying that they were doing this project themselves anyway. | |
| But this gentleman in our stroll around the Place Vendôme said that they would give me 50% of the equity and they would fully fund my 50%. | |
| So out of the 7.5 billion dollars. | |
| Not quite, but almost. | |
| A lot. | |
| Yeah, $3 plus billion dollars. | |
| Now, did I believe that? | |
| No. | |
| I mean, however, he was pressing upon me that this is what they would do. | |
| He asked if he could have a follow-up meeting. | |
| Had a follow-up meeting and in the the follow-up meeting it was made clear, you take the money, you go in partnership with us. | |
| We launch this thing from China, we manufacture the satellites in China. | |
| We will be your partner and we will be a much better partner for you than anybody else in the world could possibly be. | |
| And he said, we will deliver China Asia, Latin America and Europe. | |
| He said, we will deliver those markets. | |
| And he said, we won't be able to deliver North America at the beginning, but he said, we will immediately be able to deliver all of those other markets as addressable markets for this project. | |
| We will be your partner. | |
| You will have the capital. | |
| You will have the equity. | |
| You will have the equipment. | |
| We will get this thing done. | |
| You will use your team to work with us in China. | |
| You can keep some of the operations in Germany. | |
| And if you, he didn't say it as bluntly as this, but that if you don't do this, your life will be miserable. | |
| The lawfare will increase. |
Export Selection