Moller International (fka MLER)

[j5mith]

In the last period that MLER reported financials (year ending June 30 2015), the company was losing $8500 per day, and had been losing $4700 to $8500 every day for the previous five years.

I'm not sure where all the money was going (since it doesn't seem that any kind of actual development work was in progress during this time), but it seems to me that skipping less than two days of expenses to save the cost of filing with the SEC is false economy in the extreme.

I also wonder if the quarterly report really cost them $15,000. Moller's quarterly and annual reports mostly contained the same boilerplate statements from one quarter/year to the next. The only actual changes were the specifics of how much money they lost doing nothing that particular quarter.