Any person who still believes that this company is capable of bringing a product to market should go see a doctor, because I am pretty sure you need to be declared brain dead.
I have spent more time than I should have researching this company for a few years and I cannot believe that there are still people going 'Go Moller!' out there...
Apart from a few very old videos of barely controlled, barely in the air flights where the craft are tethered and unmanned (apart from the M200x 'saucer' that Moller was aboard in the 80's), this company has absolutely nothing but claims(or arrogant boasting in some circumstances). Claims of aircraft performance and claims of engine performance. They have no proof. None whatsoever of their claims. Yet, I see on the various platforms where supporters of this company comfort each other, those claims are defended as if it is gospel. They claim Moller's products (engine and aircraft) are so much better than those of the, only recent, competitors. Yet, nobody can show any proof.
Claims aside, what about the companies's progress over the last decade? There has been no progress. Not on the aircraft or engine side. Surely engines are not so complex? I mean, one of their constant claims are 'not complex'. Surely if they really did have orders for 3.5 million engines, they would have found a way to at least produce and sell engines? Non stop, because 3.5 million engines is a lot of engines. If I had the money to invest and someone came to me with proof of purchase orders for 3.5 million engines and the proof that the engine performs to the miracle specs that is claimed, then I would throw the money at them. Why do they have to rely on 'schemes' like a 'global currency reset' for funding? If the orders are real and the claimed specs are true, then there should not be a problem. My conclusion is that there is no working engine or at least no miracle engine and those orders do not exist. Paul Moller does have a history of phrasing sentences so it can be conveniently misunderstood. And by the way, were they not going to produce engines for a scooter company in the far east? What happened to that?
On the aircraft side one must remember that he has been at it since at least the 70's. And even with a successful muffler business and various investors, he has not been able to demonstrate a working model of his vision. He himself stated on more than one occasion that he spent more than $100 million thus far on his flying car idea. And now it seems that the cost of developing a flying car is a mere $101 million, because just yesterday the M400x went on auction on eBay (again).And with that money they plan to build a new flying car. Or do they? Perhaps it is Moller's retirement money? Who knows. If they do sell the vehicle (they failed to sell vehicles on eBay in 2003 & 2006), the complete lack of current transparency will only ensure that no-one ever knows where the money went.
If anybody still believes this company will make it what happened to all the plans announced in previous years? Thorntail? The $480 million investment from China? What happened to all these? There are more 'investment opportunities' that didn't pan out. Did they not have a partner getting ready to sell a RC version of the Skycar? What happened to that? Crowdfunding campaigns? Fail! And lets not forget the good old SEC complaint. Although the supporters established a website to dispute the claims, the fact remains that Moller was rapped over the knuckles for fraudulent behavior. If he was completely innocent (as he claims), why not dispute the complaint? Why settle and pay a fine?
Everything this company touches turns into poop. And yet there still are people believing without any shadow of a doubt that this company will succeed. And I am not even going to list the times 'public test flights' were scheduled and cancelled, some at the last minute.
To the investors I want to say: I am sorry for your loss, but there is no way you are going to recover. But I see on other forums that some tend to load up when prices dipped to almost and below 0.02. To you I want to say that you will get what you deserve. Just don't be angry at Moller they day your money is gone. There is more than enough evidence out there that this is a bad buy. More than enough.
To potential investors I want to say: Really? You did your due diligence and you still think this is an investment opportunity? You also need to be checked for brain activity.
