Moller International (fka MLER)

[j5mith]

According to David on the Blog:

"I’ve been talking to a few companies that were successful in ICOs. Many of them are incorporated overseas in ICO friendly countries, and will not accept investment from the US, China, Singapore, and South Korea (just to name a few) so they will not have to deal with security laws in those countries."

Based on this, it sounds like an ICO would not be able to accept investment from the United States, which might make it difficult to get money out of the so-called "Moller Millionaaires".

It also seems pretty apparent that the only purpose of ICOs is to circumvent securities regulations that are in place for a very good reason. Moller already has a history of not living up to their promises, and have had no financial reporting of any kind for the last two and a half years. They're already highly suspect financially, and the proposed ICO makes them look even more dubious.