Moller International (fka MLER)

[j5mith]

At last year's annual meeting, Moller International stated a list of goals for 2016. Here's the list:

* Demonstrate the Neuera 200 in a FAA approved flight before the international press. (Not achieved)

* Upgrade M400 Skycar to FAA flight worthy status. (Not achieved)

* Begin limited production of the Neuera 200 and/or Firefly. (Not achieved, impossible as craft has not flown in at least a decade).

* Begin prototype construction of the Skycar 200. (Not achieved)

* Construct and demonstrate a Skycar 100 if funded under contract. (Not achieved)

* Engage with a joint venture partner to undertake production. (Not achieved)

And the matching list for Freedom Motors:

* Acquire funding from one or more of the following on-going activities.
* EB5 funding for $5 million to $10 million.
* Regulation A funding for $2.5 million to $5 million.
* Fund raising consultant – Jon Feinstein our Administrator of marketing and Technology.

(Not achieved)

* Complete a Beta production run of 400 engines (200 – 150cc and 200 – 530cc). (Not achieved)

* If funding permits we will begin endurance testing a compound version of our 27cc displacement engine. This engine is the ideal candidate to power a one kilowatt gen-set. The US government is prepared to subsidize a $240 billion program to put one in every home in the US that has natural gas (about 75 million homes). (Not achieved)

So, from this list of planned objectives, Moller has accomplished exactly none of them.

The only thing that stands out this year versus others is that they have now gone almost a year without submitting any financial information to the SEC. It will be very interesting to see how this is explained at the annual meeting (due in October).