Moller International (fka MLER)

[j5mith]

David -- I read the executive summary.

Given Moller's extensive track record for "funding" that turns out to be nonexistent, this just sounds like more of the same. Look at the past eight years, littered with deals sounding just like this that went nowhere. As long as the funder of the deal remains anonymous, it's not credible - until some actual proof of the money surfaces. And since the money flows to Freedom Motors (privately held), there won't necessarily be any public record of this. (Not that Moller's recent financial reporting [nothing reported to the SEC in over a year] counts for much anyway).

The other three companies are real enough. But what they are supposed to be supplying to this joint venture isn't at all clear. What are these "major partners" supposed to be doing, beyond supplying a fig leaf of respectability to what otherwise looks like another desperate attempt to try and make Moller's operation look credible?

Perhaps I'm being unduly cynical. But with Moller's history over the past decade, it's very hard to be anything else.