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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
Freedom motors should go public, roll it into XNNHQ
Lolllll free snacks
Be careful with those questions. For the fanboys questions = attack.
When they did have SH meetings the only people who would go apart from the 'board' seemed to be people who wanted to have their pictures taken in the mock-ups, get free food and fruit punch.
But yeah, all valid questions
Engine will be a hot seller jmo lol
#6 was delisted for a few days and now trading or are they going to delist for sure
I know that Moller International and Freedom Motors never bother to have anything like stockholder meetings, where they can get asked questions and stuff. But if they did, what questions would you want to ask? Here's a starter list:
1. Was the trial at the Canadian University that you’ve stopped providing updates about completely imaginary, or was the engine just so lousy that they were disgusted with it?
2. Three years ago, Freedom Motors generated a lot of hype about the Rotapac 15KW generator, and then we never heard anything again. Did this actually exist, or was it just an attempt (yet again) to fake credibility?
3. When did the money from last fall’s stock selling exercise run out?
4. Can you provide any evidence beyond your own press release that Alife in Singapore still exists as a viable company?
5. What activities of the company are the “advisory panel” (Anjan Bose, Andee McCoy , Sudheer Kuppam) announced last fall contributing to? Can you point to any evidence beyond your own announcements that these people have any connection with Freedom Motors at all?
6. Recently, Paul Moller stated that Moller International is “making every effort possible to keep from being delisted”. Can you show evidence that anything is being done?
7. Why was commenting on the Freedom Motors blog discontinued? Why is it that not a single comment has been made to the blog since the new commenting system was implemented?
8. Of the four million orders that you claim to have for various Freedom Motors engines – how many of the orders are from companies that still exist, and how many of them date back to before 2014?
9. Is there any update on the PSC deal, or does everyone there finally comprehend that it was complete fantasy on someone’s part?
So when is the update gonna be from the over seas trip?
Is the delist lifted or no go
This is why they are going with a proven engine to power generators and scooters. That will allow Moller to be paid back and then Moller can make their product. If someone could come up with a new powerplant that would make the Moller a reality, that would be great, but as of now, not a single powerplant other than the Wankel works. I wish someone would prove me wrong but I doubt they will. I don't want to see a bunch of maths but a real working product that has been tested thoroughly. So investors are waiting....
Waste of 100,000,000 and they should have used the money to produce engines
And there you have it. "We have conveyed this message many times and we think it is appropriate to repeat it at this critical time again. MI’s success is totally dependent on FM’s success. The FM engines are the key technology required for MI to have a marketable product It is logical to focus on FM to ensure its success so MI can come out of its dormant state."
rwandrw Monday, 08/26/19 08:05:20 PM
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The News letter with the delisting info
To: All Newsletter Subscribers
From: Paul S. Moller
MOLLER INTERNATIONAL
We have conveyed this message many times and we think it is appropriate to repeat it at this critical time again. MI’s success is totally dependent on FM’s success. The FM engines are the key technology required for MI to have a marketable product It is logical to focus on FM to ensure its success so MI can come out of its dormant state.
FREEDOM MOTORS
FM has taken several positive steps towards engine production, including adding a number of very qualified people to our staff. Demand for the Rotapower® engine is incredibly strong with requests for nearly 4 million engines from 12 countries. FM is approaching these orders in the following way:
It is always progressive to find the most efficient and effective way of accomplishing a task. This is purely an optional funding play and is one of several funding routes. If one can pick up a million of so shares of a company for a few thousand dollars and one has the technology to boost the shares to where that million shares can become a million dollars then why not. The total time spent on this board and writing a couple of letters to Moller amounts to a grand total of no more than 8 hours (and that's being generous). I would say 8 hours for a million dollars is a fair trade.
It should be obvious that generating a million dollars piggybacking off a stock is better than going out selling equity for a million to get an engine produced. It shows that one does not depend only on one source of financing.
Moller has developed tunnel vision in that his only avenue for success is to get Freedom motors revenue going so that it gets the skycar going. The problem is that after $100 million he still doesn't understand that the rotary engine won't work for the flying car. A progressive CEO would at least announce that they are looking at electric powered flying taxis if not just to stay with the current course of industry and to keep the stock steady. I truly believe that Moller has made a promise with Felix Wankel. Sometimes promises have to be broken.
j5mith Thursday, 08/22/19 12:36:51 PM
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If you have a real working example of this world changing engine, then why are you wasting your time trying to sell it to losers like Moller International?
There are lots of other companies competing in this space with real programs and real flying aircraft. The limitations of electric propulsion in this area (battery mass, in particular) are well known. Why not try to convince someone that's actually flying (and has a chance to accomplish something), rather than a company that hasn't flown anything in more than fifteen years?
The News letter with the delisting info
To: All Newsletter Subscribers
From: Paul S. Moller
MOLLER INTERNATIONAL
The SEC had temporarily stopped Moller International (MI) stock from being traded on the Over the Counter Bulletin Board (OTCBB). This is because MI’s accountant was unable to file quarterly or annual reports since September 2015, due to MI’s dormant state. MI primary address was also not updated since we moved to our new facility, even though we have promptly alerted SEC. Finally, when we did receive the letter due to the good deed of the current occupants of MI’s previous location, we sprung into action and rectified the first issue we have with the state of California. We also ensured MI is represented by legal counsel who continue to engage with SEC. Now the MI stock is trading again. As we know actions speak louder than words, we wanted to reach out to you through this newsletter to let you know MI is making every effort possible to keep from being delisted.
Many of you are probably familiar with the history as to why the MI stock price fell dramatically almost immediately after it registered as a public company. For the astonishing details behind this fall see the Website: http://www.somi2003.org/index.html. This Website was generated by the Stockholders of Moller International (SOMI). MI did not raise capital as an Initial Public Offering (IPO) when it registered as a public company because shareholder options for $8.5 million were to be exercised when it became public. Only a small portion of these options were exercised before the price of the stock fell due to the egregious behavior outlined on the SOMI website. When MI became a public company in 2001, existing MI stockholders received shares in Freedom Motors (FM) as it was spun off to become the exclusive developer and manufacturer of Rotapower® engines. While FM’s ability to raise production funds has been hurt by the MI’s damaged history, the demand for engines is allowing FM to overcome this problem. However, MI’s funding raising problem remains.
We have conveyed this message many times and we think it is appropriate to repeat it at this critical time again. MI’s success is totally dependent on FM’s success. The FM engines are the key technology required for MI to have a marketable product It is logical to focus on FM to ensure its success so MI can come out of its dormant state.
FREEDOM MOTORS
FM has taken several positive steps towards engine production, including adding a number of very qualified people to our staff. Demand for the Rotapower® engine is incredibly strong with requests for nearly 4 million engines from 12 countries. FM is approaching these orders in the following way:
For high profit margin applications like VTOL aircraft or mitigating global warming, modest production can occur in the US.
For large US orders, the production cost can only be competitive if the engines are produced in countries like India, Mexico or China.
For large orders from outside the US, it is prudent to create a joint venture leading to production in that country.
Dr. Paluru, our CEO is preparing to return to India next week. This will be his third trip with the purpose of finalizing several agreements. FM will provide a report on details of his trip following his return.
I agree that Moller's obsession with his rotary engine is a problem, but he has convinced himself and his shareholders and fans that his rotary engine is the key. Convincing him (and his shareholders and fans) that he is on the wrong path will be impossible. Impossible.
There are some fundamental beliefs held by the Moller fans and shareholders and they are impossible to change:
- The Rotary engine is the key
- Moller is not at all at fault with their 2003 run-in with the SEC
- Moller just needs a little more money to achieve success
- The Skycar prototype is basically ready to fly
- Moller is somehow still THE authority on flying cars
- There are 'provisional orders' for millions of engines
- There are actually engines working to claimed specs
- "This time is different"
None of these are true, of course.
This is getting interesting, they seem to have the delist restriction away as it is trading again, what the hell
What about the government contract that was up for grabs, they needed vertical take off and we had the patents, something like this, someone said government contract available
Problem is, there's no real world example of what can make the Moller work. It's all on paper and done by an unknown person with zero credentials. If the stockholders would just tell Paul that there has to be a new engine that will blast the stock price higher than the Moller could fly, then they need to let him know. Plus they need to let him know that they will put in more money to make this work because this time, the maths do not lie. How we know,is because a stranger told us.
There you go. It's one simple trick. At this point, not a single company or person outside of Moller has a real world example of a car that can fly. So, at this point, you can only just do that one thing that keeps Moller back and that's funding a powerplant that exists on paper. It might blow up on the dyno over and over again. Might be unreliable or cost 100X to maintain or need yet another funded project to get the efficiency to match theoretical but that's no big deal. The maths in the paper and pencil stage are all that matters. Show it flying in a Mexico desert and the stock will be at $1000. It's that the stockholders need to take over the company and then fund yet another paper project.
If you have a real working example of this world changing engine, then why are you wasting your time trying to sell it to losers like Moller International?
There are lots of other companies competing in this space with real programs and real flying aircraft. The limitations of electric propulsion in this area (battery mass, in particular) are well known. Why not try to convince someone that's actually flying (and has a chance to accomplish something), rather than a company that hasn't flown anything in more than fifteen years?
I sent an email about the recent weird trades
There is belief and there is science. I don't understand why most people on this board keep thinking that if Moller throws a few more million at the skycar it will work. He has said verbally (and you can find it on the web) that he spent $100 million. He has done test after test after test. And not only him but other companies.
Why does not anyone understand that there are only two attributes to every engine that exists. These are rpm (rotational speed) and torque (i.e. weight, g-force). Helicopters have no problem getting off the ground. This is because it has a large rotor area which allows it to have a low rpm. When you shrink that rotor down to the area of the skycar rotors the rotors have to rotate faster. The torque does not change. This increases the required horsepower. Everything is embodied in the equation hp=rpm x torque /5252. You can easily see that if the rpm increases and is multiplied by the same torque the required horsepower doubles, triples, and so on.
Its an engine issue.
This is the SP Engine's law of heavy vertical lift: When the speed of rotation is completely separated from the force that creates said rotation, said force is placed at a moment arm length away from the axis of the rotation, any practical weight can be vertically lifted.
The turbine engine, the wankel rotary engine and the 4 stroke engine all have their phases (air intake, compression, combustion and exhaust) all mechanically linked to one another. This limits rotational speed or if a high rotational speed is achieved the torque is limited. Its a catch 22. There is no way around it. The core designs of these engines are set and cannot be changed except for a few superficial enhancements like metal type, coatings, superchargers, more spark plugs, air-fuel swirl, etc.
Moller had a flawed agenda. He became so focused (obsessed) on making the Wankel engine work in the Skycar he lost sight of the fundamentals of physics. And instead of admitting that the Wankel does not work for this application he says that a few more million dollars and it will work. No it won't. He should have set out to design a new engine according to the problem's need.
$1 a share is an easy target with the right technology. A deal with Moller was on the table and not even a call back. A handful of flying car companies called back and listened and were told about the technology and they said that they were willing to place orders. Even a called back from a company that does 4 billion a year in turbine engine sales, although it is known that they don't want to rock the boat because after all they are making 4 billion a year.
None of the assets of Moller Int are needed, not the prototypes, not the equipment, not the engines, not any patents. Nothing. The only valuable assets that Moller Int has is that the media will readily cover him and that he is on the stock market. It is these two things combined with a new scientifically sound engine that will make the stock go up to a $1. At $1 a share Moller would have funds to completely build the engine. Its just an easy way to generate cash from cheap stocks and get final engine built without coming out of pocket the couple of million thats needed. Its just that simple.
Investors doing something is better than sitting around doing nothing. Moller is no different than any other shareholder, he just has more shares and was the first shareholder. Moller has a legal duty to shareholders and when he failed to keep MI registered as a legal entity and failed to file SEC reports and failed to keep investors in the loop he has essentially abandoned the corporation. There are laws regarding abandonment and applies to businesses as well. Trust me. When a public company is formed you are essentially giving your company to the public. He lost the 50% voting control as laid out in the last Article of Incorp filing.
People can bash me all they want but the fundamental fact is that the Wankel engine has not worked and will not work for a practical flying machine and that a new type of engine is the answer. If Moller did nothing when the company was on the Pink sheets he will definitely do nothing now that its on the gray sheets.
Shaken Not Stirred Wednesday, 08/21/19 10:49:31 PM
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Why do you believe it would go to a dollar?
Po3sHare Thursday, 08/22/19 02:16:44 AM
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I have to ask. In the very, very, very unlikely scenario of MI being taken over by shareholders, what exactly do you think the shareholders will get?
What does MI have? A couple of fibre glass mock-ups? What else? There are no engines as anything engine related belongs to FM.
And then, if control goes to the shareholders, then what? What happens then?
My sentiments exactly. Inventionstocks' assumption is that not filing with the SEC is the only concern that Moller International has, and that if that is fixed, the stock price will promptly increase fifty times.
Paul Moller has millions of shares of MLER. If this could be fixed that easily, don't you think he would do it -- out of self interest alone?
Interesting that, only three weeks after the stock was delisted from the Pink Sheets, someone from Moller finally got around to admitting that there was an issue. It doesn't really say what they intend to do, and I suspect that there isn't a lot that they *can* do. I've always suspected that there was a very good reason (beyond the company being dormant) why MI stopped reporting financial results, and I don't think that the reason why they didn't want to report their results has gone away.
The newsletter also included an update from Freedom Motors that wasn't really an update. Same old sh*t, apart from another trip to India for Doctor Paluru.
I have to ask. In the very, very, very unlikely scenario of MI being taken over by shareholders, what exactly do you think the shareholders will get?
What does MI have? A couple of fibre glass mock-ups? What else? There are no engines as anything engine related belongs to FM.
And then, if control goes to the shareholders, then what? What happens then?
Why do you believe it would go to a dollar?
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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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