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There was a time when EV's were considered a joke and nobody will every buy them in the masses. Plus there was a time that streaming movies was never going to work because we all really wanted to go to a video store and pick out what we wanted. Then there was a time when brick and mortar stores were the only way to go as nobody was ever going to buy into the notion of doing things online. Plus, people would only ride in certified taxis as using a shared ride service was never going to happen.
EVTOL's will never happen as people only want something like gasoline to power their trip to the store all while doing it by air.
Moller released a 1 page white paper a few years back (when Zack Rabin still worked for him for free) on how stupid Electric VTOLs are.
No, Moller will never go electric. Will he ever admit that he was wrong about the rotary engine? I think not.
Ahh, good old Zack. Remember what the fanboys said about Zack? They said "this time is different".
I think there is a place in the market for Non-electric VTOLs, but electric is definitely where big money is flowing into.
I don't know if it is age, but there was a time where Moller used to pump out new 'designs' in an afternoon. Think M100, M200 and the various Military models. They looked like they were drawn by grade schoolers.
I am surprised that he didn't spend an afternoon 'designing' an EVTOL, even just to fake the impression that he is still relevant. They did talk 'hybrid' a few times, but also it was just a little stab at relevance.
This reminds me of 10 years ago when it came to EV's.
They will never work.
Nobody will ever buy them
Impractical
Just a fad
Here we are in 2019 and there are Teslas everywhere and the rest of the market is throttling up on EV's. Plus, the resources that are going onto batteries is massive. When we finally get solid state batteries, that's going to be another game changer. So, being all down on E-Vtol's is just a reaction of old people that believe it has to have gasoline for it to work for them. Good part is, there is a younger generation that has a different idea. Unless Moller goes electric, it'll never see the light of day. That's where the investments are going, not in an ICE VTOL.
My post had nothing to do with the stock. I was talking about technology.
- I know MLER will never trade again.
- I know Moller will never fly anything again.
- I know Freedom Motors, despite all the "good news" will not achieve anything.
- I know both FM & MI will go down in history as failures
I have said it countless times before.
The fanboys, on the other hand will never give up because to them, well, "this time is different". Always.
All I was trying to say is that the Fanboys who continuously bash the hundreds E-VTOL developments are not looking at the bigger picture. They are fixated on their own beliefs that Electric propulsion will never work. They are fixated on the fact that the company and man they worship is developing an internal combustion engine that is in competition with electric propulsion.
If developers, customers and regulators ever get to a point where you or I can open and app and call a 'flying car', electric or not, then the door will be open for EVERYONE regardless of what propulsion system makes your aircraft go.
Po3sHare, MLER stock was revoked. It will never trade again. EOM
FACT:
Moller Fan: "Electric VTOL is so stupid! They won't ever get more than 20 minutes flight time!"
Me: "Well, that is 20 minutes longer flight time than anything Moller has!"
Besides, for the type of application these E-VTOL aircraft are designed, 20 minutes is enough. It is called "Urban Air Mobility" for a reason.
In my 20's I did the whole 'city life' thing. An 8 mile commute took me 1 hour on a good day and if there was an accident on the freeway (and there were a lot of them), it took me up to 3 hours to get to work. Heading home after work was even worse. In peak time that 8 miles back, without any problems on the freeway, took 1 hour 30 minutes if one chose to do it. I opted to leave the office later, but it still meant getting home late. Sitting in traffic is the MAIN reason I now live in a large town and not in a city.
Most E-VTOL trips will be 10 minutes or less.
I see the 'quadcopter-type' designs (like E-hang) doing the short hops, the 'fixed-wing' type designs (kitty hawk cora) for hops a bit longer and there are even the non-electric XTI Trifan and Pegasus VBJ VTOL 'business jets' for city to city travel. Somewhere between the 'VTOL Business Jets' and the 'fixed wing VTOL' I see space for a M400-type aircraft.
My point is, instead of bashing E-VTOL, Moller fans should support it. If these new flying cars fail, then the door will close for your company as well. Many companies and people are sinking billions into this. If this all goes tits-up, then NO investor, in the near future, will touch anything Flying Car related. It will be better for YOU, Moller Fan, if this thing works out. It will create opportunities for YOUR company.And lets face it, the reason Moller is where it is, is because doors won't open for them. The success of these VTOL Air Taxis may very well unlock some doors for Moller.
Besides, I doubt companies like Boeing, Airbus, Hyundai, Toyota and startups with backers like Larry Page and Sebastian Thrun and NASA will listen to your bellyache over the impracticality of electric propulsion.
BTW where’s the update from FM with all their alleged good news?
So what was the final outcome with exchanging MLER stock for FM stock
Keep us posted if you receive a response
I called them the other day to ask and got voicemail and left them a message. If it's like the lats time I contacted them, then they return phone call will happen soon. When I mean soon, that's when I'm telling you the sun is a dying star and will burn out soon. That frame of reference when it comes to time.
According to the annual reports, the Moller International shares that were sold before the company went public (October 2003) sold at prices ranging from $7.50 to $0.90 each.
If some of these guys had as many shares as they used to claim they had, they certainly *ought* to be pissed.
Yup, and how did faking credibility work out for MI? Sure, a lot of noise was made, but when it came to handing over cash, people with sense knew better.
FM is walking the same path, but with them not being a listed company, they will go after individuals and as we have seen with MI before they were listed, there are a lot of fools that were willing to part with their money.
I would also like to know what Jeff thinks about all this, but those guys that gave Moller money for shares before they went public, I would like to know that they think.
I would presume that the current plan with Freedom Motors is what the plan was for Moller International from 2003 - 2015 -- Fake credibility to fool someone into funding them.
I don't see the collapse of Moller International as changing that. They're not in a position to do anything else.
I would be *really* interested to know what Jeff feels about Moller being delisted...
Greenpower1, call the company and ask;
They still exist but MLER stock will never trade again.
Good luck
With the stock being revoked, what happens next for Moller? Will this change the current plans with Freedom Motors?
rwandrw, MLER stock was revoked not delisted. EOM
It is NOT worth less in there seance it is delisted, it has been idled as the plan has been, ALL money and effort is not place into Freedom motors the motor the car would use. MI received between 5-30% of any FM motor sales...As of right now FM New CEO is still working on getting deals
TRUSTUNITS1000000, MLER revoked; now completely worthless. EOM
Last October, Paul was offering to sell Freedom Motors shares at $0.75 each (half the so-called market price), but you had to buy at least 2500 shares. Then in January, David posted that "A large FM stockholder must liquidate its stock ownership" and was offering shares at $0.975 each, but you had to buy at least 2000 of them. Most recently, the offer is $1.00 each, minimum of 1000 shares, and lesser amounts will be considered if there is interest.
How much are Freedom Motor shares currently worth?
Why 2 s when seller is higher
How does he sleep at night?!
I feel the scooters will be good
They can offer FM stock for MI stock for 1:1 for all I care. FM is going nowhere. I've been following these companies for long enough to know that they are incapable of achieving anything despite all the talk, talk, talk, talk...
Moller kept on tinkering with his Skycars until the funding dried up. He will tinker with the engines until the funding also dries up. Not that there is any funding at this stage. Talk of finding, yes, but no 'investment partner' has put pen on paper yet.
Even if, by some miracle, an 'investment partner' gives FM some money, they will tinker it away before anything concrete happens and then we'll be back to the square called 'we cant move forward, because we have no money'.
How dare I say that, you ask? I say that, because that is what Moller does. He's been doing it for 60 years. He's a tinkerer. He uses funding given to him by investors like he used grants back in his college professor days.
You really think that after 60 years of tinkering and blowing through millions of dollars that 'this time is different'?
That whole definition of insanity thing may apply to those who believe 'this time is different' and 'Moller won't let us down'. Wake up. Smell the coffee.
Headed to .0000 range with no bids. Right where this scam belongs.
Maybe wait a few months or yrs and if freedom does well then buy if they go public or buy privately
This stock is like a royalty play
The recent newsletter confirms that Moller's "every effort possible to keep from being delisted" ended up being no effort, as realistically, there's nothing they can do.
They suggested the possibility of being able to convert Moller International shares to Freedom Motors shares. But I'm pretty sure that the conversion rate that they were talking about will have shifted dramatically with the collapse in the share price today -- instead of 100 Moller shares to 1 Freedom Motors share, we're probably talking 2000 to 1 now.
Scooter looks good, to the moon, maybe we hit dollars soon
I am staying with my shares, not going to convert, unless it is really good terms
I am willing to bet that by 09/12/2020 nothing in this message will have come to pass.
1) No "manufacturing partner" will have manufactured anything
2) No "investment partner" will have invested anything
3) No "strategic partner" will have added any value
4) No "influential Government official" will have added value
5) None of the "FM team in India" will have added any value
To: All Newsletter Subscribers
From: Paul S. Moller
MOLLER INTERNATIONAL
Moller International worked closely with the SEC to determine what was necessary to keep it from being delisted. Unfortunately, even if MI had the funds to generate its annual 10K filing report, it would still be delisted because the time it would take to prepare the filing exceeds the SEC’s allotted time to do so.
MI can reapply to become a registered company, which will be expensive and require ongoing 10K and 10Q filings costing up to $150,000 per year. For 16 years MI has not been able to raise funds, except through borrowing. The reason for this was explained in my last Newsletter. I personally have provided much of MI’s operating capital until I was forced into a Chapter 11 reorganization in 2008. Before MI decides to re-register as a public company, it will need a funding commitment from some source to provide a substantial amount of capital. Lack of funds is precisely why MI was unable to keep its filings current. Before any funding source would make a financial commitment, the potential investor would want to see MI’s balance sheet. You can see the balance sheet for June 30, 2015 clicking here. You will note that as of that date, MI’s liabilities were $16,875,225 with little assets. Debt was rising at $1.8 million per year, primarily due to accruing interest. Today, liabilities exceed $22 million. Until funding is available to cover the cost of 10Q and 10K filings, registration, and operations. MI will remain a private company, unless it is forced into liquidation by a creditor.
A number of FM stockholders have asked me whether it is possible to exchange some or all of their MI shares for FM shares. Based on an exchange of market value for market value, the exchange rate would be over 300 shares of MI stock for one share of FM stock. FM might be willing to accept an exchange rate of 100 to 1 if enough MI stockholders are interested in participating.
If you are interested, email me at: paul@freedom-motors.com stating the number of shares of MI stock that you would like to exchange if given this opportunity.
Please note “This is not an offer to exchange stock but rather an inquiry as to the interest you may have in exchanging some or all of your MI shares for FM shares. Such an exchange would require approval by the SEC and Directors of Freedom Motors.”
CEO of FM update
Hello readers, I just returned from my 9 day India Trip a few hours ago, which has been very hectic. Here is a high level summary of the trip.
Dr. Moller and I had put in numerous hours preparing for this trip. This trip had several strategic agendas that needed to be explored and fulfilled.
1. Meet with several prospective manufacturing partners that we had already engaged.
2. Meet with several prospective investment partners that we had already engaged.
3. Meet with several automobile manufacturers and engage with at least one to be our
strategic partner in the future.
4. Reach out to the most influential Government officials to understand their vision for
automobile future in India.
5. Strengthen and build the existing FM team in India.
I am pleased to report that I have accomplished all the agenda items successfully within the 9 days. In India, I have traveled to the states of Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and New Delhi.
Thanks to the hardworking team in India, here are the accomplishments.
1. Successfully identified one long term and one short term manufacturing partner. For long term, the plan is to identify the land, layout a draft plan to build, develop and start the manufacturing. While the build out is ongoing, develop the short term manufacturing partner to provide necessary equipment and expertise to manufacture high demand engines within 90 days.
2. Successfully identified and engaged 4 different investment partners. We will continue to work with all of them and choose the best investment partner who could be a long term partner and ally for FM.
3. Successfully engaged and discussed with several potential automobile partners. They have shown tremendous interest in our engines and are willing to work with us in the future. One in particular, who is the second largest 2 and 3 wheelers manufacturer in India has agreed to visit FM in November 2019 to see our prototypes first hand and discuss potential prototype deal with them. I believe that this partner will be able to use our engines in their two and three wheelers as a primary powerhouse and also as a hybrid range extender. More exciting details will be provided as this endeavor progresses.
4. I met with several influential members of India automobile society and also prominent Government officials including the Transport Minister of India, Honorable Nithin Gadkari. I was pleased to see how much our strategies are aligned with their vision for the future of India. FM was welcomed to conduct business in India and have secured their nod to help support us in every way they can.
5. I met with our five advisory champions and congratulated them for a plan well devised and securing several meetings with Government Officials, Automobile industry CEO’s,
investment groups and manufacturing partners. I should also mention our tireless advisory champions in the United States who have assisted in every way to make my trip as fruitful as possible.
I am excited for the future of FM and reiterate that our future is looking bright and we are moving on a solid footing. I had a sleepless and exciting 9 days across India and assure you all that I will not rest until we reach the finish line. Once this agenda is accomplished, which would be in the next 60 days, I will change the mode of direction to manufacturing and delivering products to our current established customers and attract more.
I thank all our shareholders for their patience and support throughout this endeavor. I extend my gratitude to the Board of Directors of FM and Dr. Moller who have faith in my abilities and their continued support.
Sincerely, Subhash
Dr. Subhash Paluru, PhD
Chief Executive Officer
Freedom Motors
Twitter: @RotaPower
Web: http://www.rotapower.energy Experience the power of freedom!
We could go to $000 stock price
This could be a few dollar stock
Gm brother.
A slightly off topic here:
I'm in LAH* atm..
It just got suspended by SEC for delinquent yesterday.
The stock is HALT FOR 10 DAYS OF NO TRADING.
Qss..
Is there a similarities with MLER and LAH* that you see of?
I understand you may not know LAH* situation??
But any insights is absolutely I am grateful to hear from your opinion..
Thanks.
-Chaka.
A while back they were talking about a billions dollars contract, this is decades ago
Fm needs to roll into a shell
I am sure they are trying to get financing but the terms are not good
I wonder if we hear an update on the scooter
Maybe they should do a r m when the debt is all paid off
Maybe fm will get a financing
Why would a bank not give him a loan for fm
The secret engine maybe is true that is in the vault like someone said
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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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