It is a brilliant theory of time which complements my theory that time passes at a variable rate. Intuitively we know time passes at a variable rate. Remember how some morning you get up and go through your normal routine only to find you're 20 minutes late leaving for work? But the next day you do exactly the same and you're 15 minutes early? See, the passage of time is variable. Worse it is locally variable; ie. varies differently for me and you. Why can scientists not prove this? Because observing something is known to disrupt that which is being observed; the effect only happens if we're not specifically looking at it.
Well that's my crackpot theory anyway! :-)