First: it's nice to give arXiv links to the abstract/metadata page rather than straight to the PDF: http://arxiv.org/abs/1205.2720

Second, this paper is from 2012.

And third, who is this guy? A quick Google search suggests that he's a college dropout who somehow made a big media splash in 2003 after announcing that he had a radical new theory of time, but has had zero impact on the actual physics community. Why is this paper worth our time?