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dcsastry, once again, MLER stock was revoked;
It will never trade again, cannot be sold, or made a market for (i.e. exchanged or converted).
There is no value and any reincarnation of the company would not include past shareholders.
Good luck.
Sorry I should have been more clear in my post!
I am electing to retain my shares until I see the FM conversion price that is determined by the board and approved by the SEC. I don't want to sell or give them away to anyone before that time.
Why are you electing to retain your shares instead of trading them in for FM stock? I hope DR Moller understands he needs to keep a social media presence in today’s time if he wants to attract future investors or keep the ones he has.
In the event of Dr. Moller passing, what will happen with the Mler company, now a private company? Are there arrangements in place to have someone take over or will it just disappear, like my entire investment. Which is basically gone anyway at this point. I see ch. 11 in the near future for Mler and the creation of a new flying Moller company, that’s if any actually revenue is produced out of FM.
Hi Everyone,
Sorry I haven't posted in a long time, and of course I have not been blogging at all on the FM website. As some of you already guessed, I am not as engaged as I was previously with FM or MI. You should know I am still working on behalf of FM, but I have also taken on additional work with a company in the semicon industry. In addition I had some personal health issues from May through July, but I have fully recovered.
I was as sad as everyone that MLER got de-listed, but I guess it was inevitable. We did work to comply with SEC requests to keep MLER from being de-listed, but in the end MI didn't have the financial resources or the personnel needed to meet all the SEC deadlines and requirements. So effectively, MI is now a private corporation. If you own MLER stock, Dr. Moller is working on a program to exchange MI for FM stock if so desired. I am personally keeping my 1.2 million shares.
Freedom Motors is currently working on three collaborative projects using the Rotapower engine. Hopefully FM can share more about these projects in the future, but as of now they are under NDAs.
FM is also still working with the Canadian company to build a biogas generator, but unfortunately they have been focused on other alternative energy projects since the beginning of the year. Two weeks ago FM started to help them with getting their first prototype running on natural gas as a precursor to running on biogas. So they are making progress, but they are the ones setting the pace. We offered to buy back the engine from them, but they are committed to completing the prototype.
Our CEO, Dr. Paluru, has been working hard on fundraising for FM - he has managed to raise several small investments to keep the company funded through this year, but he is actively working on closing a much larger investment deal that will allow FM to jump-start manufacturing prototypes here in the US as well as start the development of volume manufacturing in India. More information on all this should be included in the December newsletter.
So for now, please don't expect any more communication beyond just the newsletter, but please know that I am still very much involved. Dr. Moller writes the newsletter, but I am the one who proofs and sends it out.
If you have questions, you can leave me a message here, or even better, send me email: david@freedom-motors.com
Best Regards,
Dave
I agree that just the decline in blog posts by itself doesn't mean that much.
But combine that with the fact that *nothing* from Moller/Freedom Motors has mentioned David since July (recall that for the past two years, he has largely been the public face of the company), and it strongly suggests that he has reduced his involvement.
Two years ago, I predicted that David's "arc" with Moller/Freedom Motors would match that of many others (Zack, Ed De Reyes, even Jeff!) -- Initial enthusiasm, followed by gradual disillusionment as the nature of the company came clear, and ending with departure. We seem to have witnessed that arc over the past two years.
If David parted ways with MI/FM, then another reason for "but this time is different" has gone out the window.
On the other hand, the decline in blog posts can also just be due to the lack of anything to report on...although, in the past, Moller would release monthly newsletters full of nothing covered with 'we are making progress' like statements and fanboy investors would be giddy with joy. By now they should know their audience. Baffle them with BS and they are happy as can be.
They did lose a mighty disciple in Jeff. He would keep conversations going for weeks based on the absurd conclusions he made from the newsletter.
Another reason for the lack of blog posts could be that it is perhaps pointless to waste energy on something only three people will read. And of that three people, two, perhaps are critical of the company.
An interesting question - is the Freedom Motors blog going the way of the dodo?
Postings have certainly slowed down. There have only been ten posts in the last nine months, and the only posts since the end of July have been to prompt people to look at the Freedom Motors newsletter. The most recent newsletter didn't even generate a post in the blog.
So it sounds like the blog is dying out. Another interesting question is whether David's involvement in Freedom Motors/Moller International is going with it, or is perhaps already gone. David hasn't been mentioned in any communication from Freedom/Moller since the end of July, and the reminders of updates to the blog that used to be sent in his name are no longer being sent. Any communication to people on the mailing list is now from Paul.
Circumstantial evidence, at a minumum, suggests that David has either reduced his involvement, or has gone away entirely.
TRUSTUNITS1000000, sorry to hear that. Your investment is gone. EOM
TRUSTUNITS100000, 10 years from now there will be no news. MLER stock is gone. EOM
Maybe we get a government contract
Maybe freedom will be rolled in to mler
I wonder about mler becoming a shell
You mean the scooter from Alife, which went out of business two years ago, and only ever made twenty scooters (all of them with conventional, non-rotary engines? (https://www.straitstimes.com/singapore/end-of-the-road-for-home-grown-motorcycle)
Of course, Freedom Motors says that Alife is back in business, and they never, ever, ever, ever tell untruths.
Freedom motors I wonder how they are doing
TRUSTUNITS1000000, MLER will never trade again at any share price. EOM
This stock is delisted. Why are you still pumping it?
Terrfugia I think they have a flying car, we have patents
Are we getting a billion dollar contract
I see this going from 1.00 to 10.00 and the maybe 100
Always say what they are going to do and don’t. This time is different
For that matter, all of the Freedom Motors newsletters from the past two years can be seen here: https://freedom-motors.com/freedom_media.html
Take a look. See all the people and projects that were announced with great fanfare, and then never referred to again.
Here's the text of the newsletter
To: All Newsletter Subscribers
From: Paul S. Moller
MOLLER INTERNATIONAL
This newsletter is a follow up to two recent newsletters that I sent out. If you did not receive either of these, please follow this link where links to copies are available. Many MI stockholders have been asking when they can exchange their MI shares for FM shares. Unfortunately, nothing happens quickly when the Government is involved. The exchange process must be approved by the SEC as to its fairness to both FM and MI stockholders. This process will be expensive and includes audited financial statements for both companies. Since MI has no funds, the cost must be borne and justified by FM.
Question: What makes a stock exchange worthwhile for some MI stockholders?
Answer: Many MI stockholders purchased their shares before MI became a public company. In this case they own nearly equal amounts of MI and FM shares. These shareholders have little reason to convert since liquidation of MI, if it were to occur, would have little effect on the value of their investment. Most MI shares were purchased after MI became a public company and the share price dropped to pennies per share. These very large stockholders would lose their entire investment if MI were forced into liquidation by its creditors, or if MI continues to be unable to raise capital.
An additional consideration is the possibility of FM or MI being mandated to become a reporting company. Both FM and MI have an enough non-accredited stockholders that once its assets exceed $10 million, it must, under SEC rules, become a reporting company and its stock could be publicly traded if it wished. MI’s debt would make it necessary to raise approximately $35 million before this could happen. FM has agreements in place that could require it to become a reporting company within the next few months. In this case FM could choose to become a publicly traded company.
Question: What makes a stock exchange worthwhile for FM?
Answer: FM sees the use of its engine for personal aircraft applications (PAVs) as a future high-growth engine market. MI cannot fund the production and FAA certification cost of an aircraft engine, while FM is reluctant to fund this cost without being a major stockholder in MI.
FM has indicated an interest in exchanging 100 MI shares for one FM share and will honor that offer even if the valuation indicates a higher ratio. On the other hand, FM will accept a lower ratio if that is indicated by the analysis, provided that enough MI shares are offered to be exchanged.
Please, be patient during this process. Very significant developments are occurring within FM, including an agreement to purchase a large block of FM shares concurrent with creating a volume Rotapower® engine production facility in India. You will know the details of this agreement long before you need to decide whether to exchange some of your MI shares for FM shares. It should also be noted that while FM owes MI over $2 million for contract work it did in the past, these funds when received by MI are needed to meet its pressing financial obligations.
If you did not respond to my previous Newsletter regarding exchanging shares, you may do so under the assumption that the exchange rate is unknown. Once it is known you can then decide how many MI shares you wish to exchange.
The previous response to exchanging shares was high, but not high enough to provide FM with an acceptable ownership of MI. Those exchanging their MI shares for FM shares will also benefit from maximizing the amount of MI shares that FM acquires.
Please feel free to contact me with any additional questions which I will answer in my next Newsletter. Email me at paul@moller.com or paul@freedom-motors.com. My cell phone number is (530) 760-7177.
Can you post link.
Well, those who get the newsletter, like me, got a newsletter yesterday.
It mostly talks about the 'exchange of MI shares for FM shares', quite a laughable read.
I mean, a while ago they offer to exchange MI shares for FM shares and now they say that it is not that easy, it will take time (blaming the government, of course) and that people should be patient.
The do, however, say this about FM's progress:
"Very significant developments are occurring within FM, including an agreement to purchase a large block of FM shares concurrent with creating a volume Rotapower® engine production facility in India."
AS USUAL there is no substance to their statement. Just talk, talk, talk. I haven't visited the Facebook fan page for a while, but I am pretty sure that the fanboys are beside themselves with joy.
Where’s the update!? BTW whatever happened to the invention stocks guy?
TRUSTUNITS100000, MLER stock is gone. Nothing will happen in the future. EOM
I will sell at 10.00 if moller is converted into f m
It's called "Business as usual"
MI/FM - Commits to a date
Fanboys - "Yay! At last."
Realists - "Not gonna happen"
Fanboys - "This time is different!"
**Date of commitment passes**
MI/FM - ......
Realists - "Told you so!"
Fanboys - "They never made a commitment"
MI/FM - Makes new commitment, plus "this is even better! That's why it takes a bit longer"
Fanboys - "Yay! At last."
Realists - "Not gonna happen"
Fanboys - "This time is different"
And so the endless cycle continues as it has for 50 YEARS!
This date is fast approaching and we are seeing no signs of them following thru with the latest promises. I’m assuming another newsletter should be coming out this month with adjustments to their schedule
Haha as always
And he makes no sense whatsoever.
"you are mistaken, it was delisted not revoked" - No, sir, you are the one that is mistaken...
https://www.sec.gov/litigation/admin/2019/34-87020.pdf
"ORDER MAKING FINDINGS AND
REVOKING REGISTRATION OF
SECURITIES PURSUANT TO
SECTION 12(j) OF THE
SECURITIES EXCHANGE ACT
OF 1934 AS TO MOLLER
INTERNATIONAL, INC."
"accordingly, it is hereby ORDERED that:
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of
Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is,
revoked. The revocation is effective as of September 20, 2019"
Please read the official document before making any further arguments in the matter.
"seems FM Is on a roll"?
What exactly gave you this idea?
Because they said so?!?!
Arguably, when Moller announced the "China deals". one could argue that they were "on a roll".
When they announced the "Thorntail" deal one could argue that they were "on a roll".
When FM announced the first "A-life" deal it can be said that they were "on a roll".
What about the ever elusive IPO's of FM over the years that was to be expected "before year end" and so forth? Weren't they 'on a roll' then?
Nah, nah, what am I saying. Of course THIS TIME IS DIFFERENT.
Getting stock in freedom might be good
There is a document at the SEC EDGAR specifically stating that the stock was revoked. No ambiguity about it. The stock is now Monopoly money.
Moller may have said that their stock was only delisted. They also said lots of other provably false things in the past. Like the fact that the planned test flight in October 2011 was cancelled because too many people wanted to come and see it (rather than because they didn't have anything close to a flyable vehicle to demonstrate). Or the fact that they have provisional orders for millions of engines (despite having had this order backlog for over a decade, and never actually selling any engines). Or saying that they would make every effort to prevent the stock being revoked, when after the fact it's clear that they didn't do anything. Or that they had this amazing deal to invest 250 million dollars in the company from PSC (despite the deal relying on the revaluation of the now worthless Zimbabwe dollar).
It's not just that Moller regularly lies (although they do). It's also that it isn't even **good** lying.
Of course, I know the response. "This time is different".
rwandrw, the company and the SEC say the stock is Revoked;
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000871344&owner=exclude&count=40
Good luck
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Moller International (MLER)
http://www.otcmarkets.com/stock/MLER/news
*** TOP REASONS TO BUY MLER ***
The Rotapower® Engine
Moller International (MLER) has developed a lightweight cutting edge rotary engine technology, called Rotapower®. It is vibration free with twice the power and one third the weight and size of the engine it is replacing designed AND the company has developed for the first and only feasible, personally affordable, personal vertical takeoff and landing (VTOL) vehicle the world has ever seen. (Flying cars called volanters the future is here!) It produces 3 Hp per each 1lbs
Moller International (MLER) has exclusively licensed its Rotapower® rotary engine production and distribution to Freedom Motors except for aircraft and ducted fans. Everytime Freedom Motors sells an engine Moller International (MLER) gets a cut!!
Freedom Motors agreement with Moller International (MLER) provides for a 5% royalty on engine sales and 30% of any revenue Freedom Motors receives from sub-license agreements it makes.
Freedom Motors has contracted with Moller International (MLER) to provide all engine development and now owes Moller International (MLER) approximately $4 million for these services
BUT IT GETS EVEN BETTER:
Moller International (MLER) focusing on it's sky car production has already received orders with deposits for its Skycar 200 and Firefly volantors. The Skycar is capable of vertical take-off and landing (VTOL) similar to a helicopter and flies from point of departure to destination much like an airplane. However, the Skycar has been designed to also travel at low speed for short distances on the ground like an automobile. It has fold-up wings which make it narrow enough to be usable on roadways. All this and, incredibly, it's easy to fly!
Neuera/Firefly volantors
There is an exception in the FAA rules for airplanes that weigh less than about 1400lbs. They are called Light Sport Aircraft (LSA). Moller International (MLER) plan to work with the FAA to create a category for powered lift aircraft which has the advantages of the LSA category. The Neuera/Firefly is a is particularly suitable for: Border Patrol, Search and Rescue and Utility Use or ATV replacement. Getting the Neuera/Firefly is now the priority, since it will talk the least amout of FAA Regs to jump over to get it certified.
Awesome share structure, as of February 19, 2015 there were 150M A/S and 69,379,796 shares of common stock outstanding meaning that when the share price rises it can rise quickly with the limited number of shares available!
Moller International (MLER) will eventually be uplisted to a senior exchange if it is not purchased by a bigger company which is highly likely! Currently MLER shares are trading around a penny, with it's new revenues and continued growth look for MLER to be trading in the multi dollar range within 12 months.
President and Chairman of the Board Dr. Moller has received 43 patents including the first U.S. patent on a fundamentally new form of powered lift aircraft
Moller International (MLER)
http://www.moller.com/
Freedom Motors
http://www.freedom-motors.com/
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