In one way, it's a good thing Moller is majority shareholder/owner of both companies. It could be seen as he wouldn't want to shoot himself in the d!ck by increasing the share count and diluting just because he wanted to pull some money out for himself or his board of directors as they "raise capital". Also good to know he's got something in the works for scooter engines. That's a more immediate stream of revenue.
A skycar company is kind of a funny thing indeed. I only came across this company because my 6 year old son is all about being an inventor, and the Moller Skycar was in one of the books we read before bedtime. I saw that it is a public company so I figured I would pick up some shares just for him :)
As far as the hedge fund goes, I was only using that as an hypothetical example for an institutional buyer of the stocks since retail buyers down here can be... well, if you've played the OTC, they can be a bunch of ass-hats that squash a run for their own love of the 25-50% profit taking strategy.
I don't see a mention of up listing the ticker but that's probably a few PR's away I would assume.
