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Do you get FM or MI newsletter? It is on the FM blog from the FM CEO he lists what he wanted to accomplish over 9 days in India and got them all target date was 90 days (Ish) so 11Nov ... Dr Moller also said the had 4 million coming in new money to help FM get to production
you are mistaken, it was delisted not revoked, if i so wanted i could exchange my MI shares for FM shares Per the MI CEO, Are you one the newsletter list?
Hold them since they will get 5 or 30% of any FM motor sale, seems FM Is on a roll ,we will know shortly if they really do the deal or just more endless miss management.
They have stated at some point they will do an IPO but they are not planning anything soon
NOT revoked CEO newsletter
MOLLER INTERNATIONAL
Moller International (MI) was delisted as anticipated in my last Newsletter. As President of MI, I apologize for being unable to raise the necessary capital to maintain MI as a public company. Raising capital for the development of a rotary engine proved to be easier than for a flying car (personal air vehicle or PAV). Consequently, the value of MI shares has continued to decline, while the value of Freedom Motors (FM) shares has remained stable. The number of MI shareholders who stated that they wanted to exchange their shares for FM shares was much larger than expected. This is very important for those who do exchange shares because as FM becomes a major shareholder in MI, exchangers will indirectly remain MI stockholders.
Questions that have been asked by MI shareholders include:
Question 1: Are my MI shares now worthless?
Answer: No, otherwise FM would not be discussing an exchange of shares. However, it is reasonable to assume that MI alone may continue to have difficulty raising enough capital to achieve FAA certification of its Skycar® and Neuera. To put into production and FAA certify both the aircraft and manufacturing facility of a conventional two-passenger airplane like the ICON can cost over $100 million and take many years to achieve. Needless to say, a very unconventional aircraft like the Skycar® could cost more and take longer.
Question 2: What was the last share price at which FM shares were sold and what is its market cap?
Answer: FM sold 70,667 shares at $1.50 per share resulting in a market cap of $62,250,000. In a recently signed agreement an investor will acquire over 4 million shares at a higher share price. This will double the FM market cap.
Question 3: What was the FAA’s objection to certifying the Skycar®?
Answer: The FAA did not object. The problem for MI was raising the capital required to produce and certify the Skycar® along with the time it might take to become FAA certified. This, and the over $22 million in debt, deterred potential investors.
Question 4: How many shares have been issued by MI?
Answer: 150 million shares were authorized and have been issued. MI is seeking authorization to sell another 150 million shares in order to provide 55 million shares to shareholders who have exercised options. The remaining 95 million shares will be available to raise capital should that become possible.
Question 5: Should I convert my MI shares to FM shares?
Answer: This must remain your personal decision. If you want to convert, but have reservations, you should keep some of your shares. The officers of MI and FM support this exchange; however, it must be approved by the SEC, which will take some time. During this period, you will be made aware of any developments before choosing to participate in this one hundred for one share exchange. Providing Freedom Motors with the number of shares you wish to convert will continue to be treated as an expression of interest that you can change at any time until a final agreement is signed between you and FM.
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
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!
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.
What is your language of birth?
From Dr Moller off a Facebook page MLER owner phone call. "Will not work to end suspension (MLER will be delisted,) but not going BK, you will still own your shares. FM will get the ball rolling again"
(Those who do not know MLER was idled and all effort was placed towards FM, MLER gets money from any future motors sold. The plan to put all efforts to FM has not changed with the delisting, still if FM is successful then MLER will be, which is where we have been for over a year (maybe longer)
Not sure what will happen to this page once they delist, the FB page will still reflect any movement with Freedom motors since no new investors can buy easily I will no longer be posting info here
Are they out of capital? FM owes them millions, FM may have 25k in the bank which could be paid back guess we will know in a few days
Battery life.. always the same issue
https://www.bing.com/amp/s/www.foxnews.com/tech/flying-car-hovers-above-ground.amp
That NO ONE is paying attention to
Stock options, has to be since there is no cash AND no one has ever heard of MLER or FM
It would be "Laughable" if you did not start many of your posts with condescending, insulting or belittlement of shareholders, rather then sticking to taking about the stock
Your post only get removed when you attack, demean, or try to intimidate shareholders rather then taking about the stock,
Stick to taking about the stock, rather then how you feel about shareholders and you posts will all fall with in the guidelines of IHub
Why would that be, just wondering if YOU know
That "somebody" is the CIO of the company
No it has been consistent, trust but verify. I have been painted as something different by those who live the past and think nothing will ever change which then colors all their thinking 1, realizing not this is a HIGH risk stock 2, somethings have changed
Until a check is cashed ... ZERO
No we do not, too many times we have seen what looks great to only have it not end well, this time it may work out there is different leadership at MLER, BUT Alife ran out of money and could not get its plan going the same CEO is running things, the Singapore market may have changed or any number of factors could have. There is not enough info yet
THEN there is the fact FM still has no production facility Alife could want a 100k motors tomorrow, they would have to get in line with the other hundreds of thousands who want motors only to be told sorry no money to tool up
No Progress? Anyone who does D&D will know that? NO ..Progress he build a flying craft (Ok 3) from NOTHING no off the shelf parts, no per writer computer programs, has a list of files PATs as long as your arm and a supercharged turbo motor he has not submitted, you have a FUNNY definition of "No progress"
But hey it is a free market sell as you will and I am sure you lot of other important things to do then hang out on a board of a dead company and tell everyone how foolish they are
Moller has a "History" with A-life
You discount a LOT of hard pioneer from scratch work that was done. Moller is also the only company who is not mining the dry hole of Electric power to fly by. All that has happen or not happen was not done in a vacuum you have left out the back story
There is a set of PATs that have not been filed yet, they delayed knowing it was going to be a while before they could be used
Yes, but as normal those who hate only pick and chose facts, the skycar was up for sale to fund the Neuera to completion and for advertising ... it did not sell so they had to find other ways to keep going
So tell me day trader, what is different between MLER and every other flying car company ?
You would not wonder it you were paying attention or done ANY DD on MLER you have already asked that question and had it answered
Facebook friends
Since he is back from this trip to Egypt, home, or he might be on his way to the Far East already. Or that trip maybe in the fall
No he is not, he knows right where he is
Freedom motors owns I would guess but the two companies are so intertwined at this point MLER still gets 5 or 30% of Each future sale of a FM motor
The motors in the vault have not had PAT filed yet , they have held off because they would run out before everything was ready
Dr Moller holds over 51%
Go do a history lesson on FM & Mler
Do you truly not know?