Moller International (fka MLER)

[j5mith]

Isn't it interesting that the Freedom Motors blog - usually so quick to respond to anything that might darken their reputation (like the recent fire at Paul's farm) - hasn't said a word about the suspension of trading in MLER?

Within the SEC statement, it says "Respondents shall file an Answer to the allegations contained in this Order within ten (10) days". There isn't really much that they can say to contest this -- they haven't filed financials for four years and it's a matter of public record.

Follow on consequences from this (which include a possible twelve month suspension in trading, or for the registration of MLER securities to be revoked completely) also affect "new corporate names of any Respondents". So they can't just dump MLER and start a new company. I assume that this doesn't apply to Freedom Motors, as it already exists as a free standing company.

They have seven days to respond. We shall see what happens.