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I wrote something along those lines last year to them at there Las Vegas address...guess they were to busy spending my money to reply. At this rate they split again in the near future.
Note from a shareholder to the Mundas board...
"It might be time to refocus your efforts away from writing the next fluff announcement and onto lining up some sales. Get out there, pound the pavement and get back to us in a few of months with how you get on. To announcement a contract you landed i the 80s is not an announcement its and an embarrassment. Just sell something, anything were not fussy...."
Oh yes so it was. Still it's remarkable how little has changed since 2008.
"Mundus Group, Inc. (MNDP) announces new course of action to investors with letter from CEO / President
As CEO of Mundus Group, Inc. since 2007 I have overseen the company as it goes through the growing process from being a developmental aerospace technology company into an aerospace VTOL (Vertical Take Off and Landing) manufacturing and Production Company. Having just completed a necessary 100 to 1 reverse stock split in order to maintain operations, we are pursuing our goals of delivering our patented VTOL flying car with product sales worldwide clientele and a growth niche in the emerging UAV (Unmanned Air Vehicle) Drone industry.
History in the Making:
Mundus Group's subsidiary, Roadable Aircraft is the VTOL innovator which had begun in 1990 with its first successful prototype, had won the Best Invention of the Year at the Discovery Channel Invention Convention in 1993 and went on to build its 2nd prototype which was co-developed with the US Navy under a 3 year Cooperative Research and Development Agreement and was awarded a US Patent for VTOL Flying Car in 2002.
Further development at the NAWCWD (Naval Air Warfare Center Weapons Division) at Pt Mugu California included the building and flight-testing of RAI's 3rd prototype and first VTOL UAV in 2004.
RAI's 2004 UAV was co-developed and built by AirStar, which at the time was a world leader in remote controlled helicopters for both the military and movie industries. AirStar brought technical remote controlled expertise as well as development of the flight control systems that became pivotal in the manned VTOL flying car concurrently under development. That strategic relationship has remained in tact with plans for re-emerging in the future with a world-class product line. That time is now.
As of September 1st, 2008, Mundus Group and Roadable Aircraft (RAI) welcome the return of Josef Joebstl and AirStar back as head of RC, the Remote Controlled Unmanned Air Vehicle (RC UAV) technology team. Mr. Joebstl was an integral part of the 2003 RAI team who developed and built the UAV VTOL (Vertical Take off & Landing) Vehicle at Naval Air Warfare Center Weapons Division Pt. Mugu, California. Mr. Joebstl has been overseeing his niche business of serving international government agencies as well as Hollywood's commercial and movie production industry for 25 years, with state of the art, cutting edge action footage and breathtaking views from his remote controlled VTOL vehicles- helicopters fitted with optics and movie cameras.
As we approach completion of our VTOL vehicles, we are advancing our stride towards acquisitions that will provide an established foundation upon which Mundus can focus on development of its array of individually unique, niche ducted fan vehicles with applications that are positioned for immense growth as industry analysis predicts.
Our next agenda has been to complete the development and production of our 2 passenger KIT VTOL flying cars currently being marketed in 4 kit phases for a kit replica of RAI's first US Navy co-developed and patented VTOL Flying Car.
These are exciting times ahead for Mundus and Roadable Aircraft. We are ready to launch our vehicles and bring the friendly skies to the world. I invite you to participate in our growth plans and be part of our Historical purpose.
Best Regards for a safe and prosperous year,
Josef Obermeier
Mundus Group CEO / President
http://www.mundusgroupinc.com "
"Having just completed a necessary 100 to 1 reverse stock split in order to maintain operations..."
Josef Obermeier, Mundus Group CEO / President
Sums it all up.
I wasn't pumping. I own 8000k (8M as of last week). I was calling into question MNDPs competence and even their motives....selling shares is not a valid form of cashflow and is a bit much to stomache when its used to to pay their own sallaries and thereby keep them all gainfully employed....conflict of interest.
As i understand it, they need to raise 5M by August 2, 2011 to cover a note on thier patents.... I might be wrong, but the RS is probably integral (and needed) in that plan due to a complete failure by the firm to sell anything. The RS speaks volumes, and is representative of failure to get this thing of the ground (no pun intended). It should also be noted that the last year they reported no cash on the balance sheet and a mere $11,000 in current assets. So its business as usual for these guys.
I'm still hoping they pull something out of the bag and who knows. Hopefully the GOKI aquisition was a master stroke, but lets see how it can be integrated into the Mundas Group.
Just my take on it.
Are you talking about me or MNDP? To clear it up, I don't live in the US but I'm pretty certain the MNDp management do.....
MNDP Directors:
Josef Obermeier, President/CEO has been Technical Advisor for RAI since 2001. Mr. Obermeier has had a successful career in the electronic industry. He graduated in Munich, Germany at the GBS, Technical School and has a degree Electrical Engineering. He worked in Germany as a project manager for FSG a company building TV studios. He immigrated in 1979 to the US and until 1988, worked as an IT manager and purchasing manager at California based Soltec, Inc., an electronic test equipment company, where he also acted as the liaison for the company's European vendors. From 1988 until 1993 he has been the General Manager for Sim-Trade Co., a computer peripheral company. He increased the company's business by setting up hard drive repair shops in Germany and Korea. In 1993 he founded what is now a successful computer consulting company. Mr. Obermeier brings to Mundus a wealth of knowledge and diverse expertise in the industry.
Keith Field, Chairman of the Mundus Group since June of 2006 and Sr. Vice President of Marketing for Roadable Aircraft Int. (RAI) a subsidiary, he has been involved in the VTOL aerospace technologies project since 1997 as project development coordinator and has co-developed the current UAV VTOL military and civilian applications including the concept of Pedestrian Proximity.
As RAI coordinator for the US Navy CRADA Cooperative Research and Development Agreement from 2000-2004, Mr. Field worked with Tom Hanson RAI VTOL design engineer and VTOL guru, Mike Sullivan, RAI’s NAVY CRADA & DARPA coordinator, and Dave Kalmbaugh, Chief Navy Patent officer at Pt Mugu. Mr. Field helped build the prototype 3 UAV and witnessed several RAI prototype pre flight and tethered flights, built a 2 foot scale static model for wind tunnel tests, and worked with Navy patent attorneys and engineers to secure RAI’ first patent for a VTOL flying car configuration. In high tech marketing and sales for over 25 years as a manager for ITT 1993-96 and consultant for AT&T 1991-93, Mr. Field majored in Architectural Engineering and received honors from Illinois Institute of Technology. Mr. Field attended Drake University, Iowa where he majored in Business/Psychology. Mr. Field attended Loyola University’s Pre-Medical school Chicago and majored in Bio/Psychology, studied Computer Science at Roosevelt University, Chicago.
A. Dale Henry, Director has been elected to the Board of Directors of the Company in November 2010. Mr. Henry graduated from the University of Texas in 1974, where he earned a Bachelor in Business Administration. He began his career as a State Auditor for the State of Texas. He is a Certified Public Accountant and has spent most of his career in the private sector as a CFO for both public companies and small corporations.
As Finance Director Mr. Henry has directed Accounting and Finance Departments, been responsible for human resources and payroll functions including benefits and payroll processing for 100+ employees, prepared operating statements for Board of Directors and Supervised staff and trained managers. He is currently the CEO of Spectrum Acquisition Holdings.
Consultants:
Robert McBride, Project Supervisor "Mac" has been with Roadable Aircraft since 1990 and was an integral part of the VTOL development, building and testing of the 1st prototype which won Best Invention of The Year and First Place at the Discovery Channel Invention Convention in 1993 and was Co Inventor of the patented 2nd and 3rd prototypes at Navy Air Warfare Center Weapons Division under RAI’s 3 year CRADA. Mr. Mc Bride is the Prototype Project Manager for RAI. He has extensive experience in experimental aircraft development and building, composite work, metal fabrication, light machining, electrical instrumentation, aircraft engine, and frame assembly. He was involved in the first and second vehicle prototypes for RAI. Mr. McBride has built Rotorway, Executive Helicopter, BD5 Airplane, Air Command Phantom Gyro, Stinson Aircraft and Bellanca Aircraft. He is currently maintaining a Boeing B25 and1950Convair 240 previously owned by Cary Grant. Mr. McBride has the skill and desire required to successfully lead the team of RAI to build VTOL UAVs. He holds a pilot license in fixed wings and rotorcrafts.
Frederick B. Hatfield III, CPA.
Frederick B. Hatfield, III, has established over ten years of leadership experience in accounting providing multimillion-dollar public companies with SOX compliance measures, internal auditing, and financial statement compliance. His enhancements in organizational performance with the introduction of accounting policies, systems and training strategies have resulted in increased profits and expense reduction.
He has served the Company since February 2009, and worked as an independent Certified Public Accountant since 2010. He has previously worked with non-profits and manufacturing companies since 1995. Mr. Hatfield graduated from Birmingham-Southern College with a BS Degree with a double major of Finance and Accounting in 1992. He received his certification and obtained a Certified Public Accountants License in the state of California 2002.
Michael Boehm, Chief Design Engineer and Autodesk Inventor is helping us design and build vehicles by giving them a true digital prototype working directly with the Inventor 3D modeling. Digital Prototyping capabilities give Mundus the ability to virtually explore a product that is completed before it is built. This allows Roadable Aircraft to create, validate, optimize, and manage designs from the conceptual design phase through the manufacturing process. Mr. Boehm is using a digital prototype that Roadable Aircraft can visualize and simulate real-world performance of the design with less reliance on costly physical prototypes.
Mr. Boehm joined RAI in March 2001 as Chief CAD engineer overseeing all Computer Assisted Design. Mr. Boehm served as a law enforcement officer for 11 years for the Ventura County Sheriff’s Department in California. In 1999, he worked for Sam Hill and Sons in Ventura operating heavy equipment. Mr. Boehm attended a 34-week CAD program at the Technology Center in Ventura, California and mastered the art of using CAD designing software. He also completed the Solid Works and Pro- Engineer courses.
James Crimi, JCSD Consultants, Inc. Investor Relations brings extensive experience to the company. He has been a series 7-licensed stock broker registered with FINRA and the SEC since 1994. He held a position as President and COO at JJ Rich Company, a New York broker dealer company with 65 licensed brokers and 600 customer aaccounts.
From 2002 to 2006 Mr. Crimi was the CEO of a London based broker dealer with 178 employees and over 2000 accounts. He has a clear understanding of the rules and regulations set forth by Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) as it relates to communicating with shareholders and the general public.
Team Roadable Technical Consulting Board Credits
RAI would not exist without those who gave us wings
Thomas Hanson (Retired) Tom Hansen, was RAI’s Executive VTOL Aerospace Engineer “Guru” 2001 -2006) Mr. Hansen’s innovations turned the heads of the scientific community and graced the news stands on the covers of two (2) Popular Science Magazines over the years covering separate and equally profound inventions and “propeller technology” applications joined RAI as an engineering Consultant in July 2001. He has extensive experience in aeronautical engineering. He worked on airplane and helicopter design at Boeing, Piasecki, Aeronca, and Republic. In 1945 at age 16 he soloed in a Piper Club. Mr. Hanson was involved in the successful development of a four - rotor helicopter that converted to wings in 1954 to 1959. He was the only engineer with previous helicopter experience among the half dozen who designed the first Lockheed test - bed helicopter in 1960. Mr. Hanson wrote the Lockheed handbook on the Design of Rigid Rotors and Control Systems. Mr. Hanson designed the models and conducted the first two dynamic helicopter model test programs run in the NASA Langley Freon wind tunnel. He was the group engineer of the Advanced Rotor Development Group. In 1967, he became a consulting engineer with Lockheed, Hughes, Grumman, MRI, Air Logistics, and others as clients. He designed, built, and flew a 2nd generation Rigid Rotor auto gyro in 1970.
Head of Federal Laboratories / Pentagon Director of R&D / US NAVY Technology Transfer / Who’s Who / RAI
Dr. Michael E. Sullivan (Retired) was the US NAVY visionary who created the CRADA contract which RAI and US Navy completed 2001-2004 (Creative Research and Development Agreement) between Roadable Aircraft Int. and the US NAVY. Dr. Sullivan has been an important partner of Roadable Aircraft’s military and anti-terrorism technology development team and was influential in RAI’s becoming the first civilian company ever to havea presence at the Navy’s prestigious and secretive Air Warfare Weapons R&D site. (Retired in 2004), he was Director of Technology Transfer for the US NAVY (ORTA) which develops cutting edge technology for American military interests, Dr. Sullivan was working at the Naval Air Warfare Center Weapons Division (NAWCWPNS) Point Mugu (PM), California. He was Head of Technology Development (TD) and the Office of Research and Technology Applications (ORTA) at PM. He was also the Head of the Far West Region (Washington, Oregon, California, Idaho, Nevada, Arizona, Alaska,and Hawaii) for the Federal Laboratory Consortium (FLC).
Previously he was Head of TD and the Head of the Capability Development Branch in the Sea Range Office at the Weapons Division. His responsibilities included: the Technology Development Program, Modeling & Simulation Program, Independent Research & Development Program, Advanced Technology Demonstration (6.2 and 6.3a) Programs (ATDs), Central Test & Evaluation Programs (CTEIP) and Internal Discretionary Funds – Bids & Proposals and Management Support Items at PM. In 1993, Dr. Sullivan completed a three-year assignment working in the Pentagon for the Chief of Naval Operations N091, Director of Test & Evaluation and Technology Requirements on the RDT&E infrastructure Division. Previously he was Head of the Operational Systems Integration Office (OSIO) in the Range Operations Department at PM. Dr. Sullivan completed a two-year assignment in 1988 working in the Pentagon for the Chief of Naval Operations in OPNAV – 098, Director of Research, Development Test and Evaluation in the Test and Evaluation Division. Prior to his selection as Head, OSIO, Dr. Sullivan was Head of the Special Programs Branch in the Range Operations Department at PM. He was responsible for: TRIDENT, TOMAHAWK, HARPOON, SDI, GPS, AND FMS YSSM-1 (JapaneseMissile) programs. Before becoming Head of Special Programs, he was Division Head of the Offshore Islands. Prior to joining Range Operations in 1982, Dr. Sullivan was Head of the Engineering Division at the NAVY ASTRONAUTICS GROUP at PM, Staff Program Administrator with NORTHROP CORPORATION, and Supervisory Member of the Technical Staff at HUGHES AIRCRAFT COMPANY. In 1974, he left HOUSTON LIGHTING AND POWER (HL&P) where he was SeniorEngineering Analyst to accept a Electronics Engineering position at PM in the Software Management Branch, Tactical Software Division. Prior to HL&P he was a Scientist at BRADDOCK, DUNN AND McDonald, Inc., and a Junior Engineer for the PHYSICAL SCIENCE LABORATORY at New Mexico University (NMSU). He served in the UNITED STATES ARMY before attending NMSU. He was born in Philadelphia, Pennsylvania, and earned a Doctorate in Systems and Administration, a Masters in Public Administration, and a Masters in Systems Management all from the University of Southern California. He also holds a MBA from the University of Houston, BS in Mathematics and MA in Psychology from NMSU, BS in Engineering form the Universityof Texas, BS in accounting from the University of La Verne, and graduated with honors from La Salle College High School.He has been elected to various honor societies. Dr. Sullivan is listed in: WHO’S WHO IN THE WORLD, WHO’S WHO IN FINANCE AND INDUSTRY, WHO’S WHO IN THEWEST, WHO’S WHO IN CALIFORNIA, WHO’S WHO OF INTELLECTUALS, MEN OF ACHIEVEMENT, AND COMMUNITYLEADERS OF AMERICA Dr. Sullivan is the author of: “Management of Research, Development, Test & Evaluation Organizations”, “The Management of RDT&E Organizations”, and “Self-Actualization in a Health Care Agency”.Roadable Aircraft International is privileged and honored to have been taken under Dr. Sullivan’s wing. We will always be grateful for his vision. And there were many other great men and women who have been our “Angels” over the last 18 years.
DR. MICHAEL E. SULLIVAN appears at the end of the RAI website video stating, “ Roadable Aircraft is one of the only companies ever to have a facility at the US Naval Base at Pt Mugu.” Dr. Sullivan was at the time, head of the Far West Federal Laboratories and part of the nationwide network of federal laboratories that provides a forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. The FLC Far West is one of six regions covering the United States.The Far West Region is comprised of 8 western states, Alaska, Arizona, California,Hawaii, Idaho, Nevada, Oregon and Washington. There are more than 100 federal laboratories and facilities in the Far West Region.“ Of all the configurations that are currently being considered, Roadable Aircraft has the most elegant solution we have seen for a VTOL flyingcar that drives like a car and flies like a helicopter…”Mike Sullivan 2004
Alan Christ, RAI Auto/Aerospace Engineer 2001-2003 Alan Christ brought his aerospace and automotive engineering experience to Roadable Aircraft to become our chief engineer from 2001-2003. He was our “Hybrid” engineer with many years in aerospace at Raytheon, engineering everything from electronic missile deterrent systems to aircraft surveillance enhancements. Mr. Christ’s automobile engineering experience is of equal caliber with 15 years in the automotive R&D department at Ford Motors Company.
Alan Christ was an engineering consultant for RAI working with Mike Boehm. His vast automotive experience started with the Ford Motor Company’s Scientific Research lab, conducting research on advanced piston and turbine engines. Advanced vehicle development continued at MCR Technology, designing and testing Research Safety Vehicles and battery/electric driven buses. At Raytheon, Mr. Christ was the Lead Mechanical Engineer on the Navy’s primary electronic ship protection system and was assigned to an emergency team to develop a protection system for destroyers in the Persian Gulf.
Mr. Christ continued his career in the engine R&D at Southwest Research Institute, developing engines for the Navy Unmanned Aerial Vehicles. He was the program manager at BMI and was responsible for a DOE subcontract to design, integrate and manufacture three fuel cell hybrid buses, which he personally delivered to the Secretary of Energy. Other experience includes work for Air Pollution Control district and certification of gasoline and diesel engines to meet California Air Resource Board (CARB) and Environmental Protection Agency (EPA) exhaust emission standards. Mr. Christ has a BS degree in Mechanical Engineering and holds a Professional Engineering license in Mechanical Engineering.
Brad Sorensen, RAI Design Illustrator 2001-2004 is famous for his “Skunk works” illustrations that would be the physical impression for the US congressional House Means and Ways committee to persuade the senate and procured over $1 billion dollars in government funding. Mr. Sorenson has been the artist behind many of the early renderings and illustrations for Roadable Aircrafts military and civilian applications and has achieved notoriety for his work for Lockheed’s secret Skunk Works experimental aircraft division as well as Boeing, Grumman and Volvo.
This 1:1000 split is indicative of a management team that hasn't the ability or maybe even the intention to build an income stream (other than dumping shares). I've lost all confidence in the MNDP management. As it appears to me now MNDP is either a scam with its sole purpose to dump shares and provide personal income, or just a company out of its depth with a bunch of fools at the helm. Could well be both.
I for one feel as though I've been conned and robbed... 8m down tp 8k....Go MNDP!!!. Cut the BS PR and make some sales, any sales, just sell something to someone.
Not over yet......but a reverse split is probably in the works.
I came across this article. Last part on Mundas finances, or lack of finances, is worth a read
http://www.hotstocked.com/article/8252/the-latest-promotions-for-mundus-group-inc.html
Doesn't get any fluffier but hopefully with the low dollar and Japanese supply constraints they can make some decent sales. Either way I decided to average down "again" yesterday. Probably something I'll regret down the road
Goki looks like it could have been a smart move based on info available on their website.
http://www.goki-mfg.com/
Does anyone have a theory on what yesterdays trading spike was about?
Can someone be nice enough to post L2..
Anyone know if Goki makes any money. Wish we had more details of this acquisition.
It's a Dumpathon!
Nope. Have had an order for 4M in for 3 weeks. Not even partially filled yet :(
all aboard the good ship lollipop :)
Expand it's storm range to what? ....more fluff.
Can someone please paste Level 2 with MM's.
Thanks for the links Burbank....looks like the Mundas group could actually be gearing up to produce something. Thought they were finished with the departure of Airstar. Hopefully they'll released some more details soon.
Looks like someone just dumped 20m @ .0001
Can someone please post level 2.
Sorry about that guys. Got my hopes up a little to much on those low volume days.
Based on the company taking a break from the 20m + daily dump we've seen. Hoping they had come up with another plan. We saw it stabalise briefly this week.
yes it was beginning to look like they had secured another source of funding.
What just happened?
Anyone else thinking about averaging down sometime this week?
Interesting announcement Burbank. Theres no doubt that the Mundas Group has some good products (+ R&D) in an expanding market. It's just a question of how long they can stay afloat from here on in.
Of course, didn't think of that.
Who sells 30 000 shares @ 0.001? Thats $30 worth.
Not trying to pump it, but there's been a a lot of orders going through today at the asking price.
Bit of late interest being shown.... 1.6m @ 0.0013 just went through.
Interesting day today. Lets see what tomorrow brings.
Thanks F.M. Really appreciate it.
Where can you see these guys in 6 months time Foxwood?
She's in free fall.
3.3 m @ .0010 just went through.
0017 took a bashing.
Can anyone explain why MM's like NITE sit on either side of the spread? I know it's to push price up or down but dont really get it.