From reading, it looks like Freedom Motors will take $5M and pay off Moller International. Are both of them owned by the same person? If it is, it seems like you would just use the $5M to further the new engine and then use the profits to pay off yourself in your other business.
I guess most of this will be covered in the Freedom Motors SEC filing that should be out anytime soon because the plan to get to market looks like a year from now. I will definitely invest in Freedom Motors and can't wait to start buying stock on the IPO because with the demand for this product, I can see this will do very well. Like anything I invest in, I need to see the financials first just to make sure there are no gotchas.
To the CIO, let us know when that Freedom Motors SEC filing comes out because I'll dump a bunch of other stock and then prepare to buy up yours.
