"Astro Aerospace is the first company to have a working vehicle that is in an affordable price range."
What does that even mean? In the US, Canada, EU and Japan there are no governing standards under which it could be certified for flight with people aboard. Those standards haven't been developed yet. Only if the aircraft were light enough (which at 360kg MGTOW it is not even close) it would qualify under Ultralight standards in the US (similar standards in other countries.) It could fit under FAA LSA by wieght, but rotorcraft and vertical lift aircraft are not permitted in LSA class. The aircraft can't be sold. Even if it could be certified someday, presently none of the systems have been subjected to anything like typical FAA/JAA requirements.
"They are working on a second improved version of the vehicle that is currently slated to be ready around December."
Ready for what? More testing as an unmanned experimental aircraft?
"They have short-term funding, but they are currently seeking long-term funding."
(1) Who are 'they'? Not a single technical employee name is available, even on LinkedIn. As best we know 'Passenger Drone' was a Swiss company using mostly Bulgarian talent, but none of this is verifiable. Who was Confida Aerospace Ltd, from whom the business was purchased?
(2) Their 'short-term' funding comes from MAAB Global Limted, which is a Bruce Bent company, in the form of promissory notes at an interest rate of 10% compounded monthly. <<MONTHLY>> MAAB is the major shareholder with 79% of shares. MAAB is headquarted in the same Lewisville TX office as all the other Bent schemes. All this is in the filings.
Where is "new" board member Paul Beard who was named to the Board months ago?
This company can drop to about 0.20/share and Bent makes money. You won't; it's a scam.
