The approach of Observational Astronomy is mainly aimed at the construction of larger aperture telescopes, more sensitive detectors and broader wavelength coverage. Certainly fruitful, this approach turns out to be not completely fulfilling the needs when phenomena related to the formation of black holes (BH), neutron stars (NS) and relativistic stars in general are concerned. Recently, mainly through the Vela, Beppo-SAX and Swift satellites, we reached a reasonable knowledge of the most violent events in the Universe and of some of the processes we believe are leading to the formation of black holes (BH). We plan to open a new window of opportunity to study the variegated physics of very fast astronomical transients, particularly the one related to extreme compact objects. The innovative approach is based on three cornerstones: 1) the design (the conceptual design has been already completed) of a 3m robotic telescope and related focal plane instrumentation characterized by the unique features: No telescope points faster; 2) simultaneous multi-wavelengths observations (photometry, spectroscopy o& polarimetry); 3) high time resolution observations. The conceptual design of the telescope and related instrumentation is optimized to address the following topics: High frequency a-periodic variability, Polarization, High z GRBs, Short GRBs, GRB-Supernovae association, Multi-wavelengths simultaneous photometry and rapid low dispersion spectroscopy. This experiment will turn the exception (like the optical observations of GRB 080319B) to routine.