Replies to post #542 on Moller International (fka MLER)

[rakindjo]

OMG!!!!LATEST NEWS EVERYONE! Moller to pay $300K:

Hey Guys, look at MLER's latest 10Q. It states that Moller needs to pay some$$$ to somebody!!! :(:

The liability, Judgement Liability, is related to a legal settlement that was recorded as a note payable in the three months ended March 31, 2015. The estimated liability related to this judgement was previously included, in the amount of $345,000, in accrued liabilities in prior quarters. MI agreed to pay the judgement principal ($300,000) in monthly installments of ($5,000), plus interest.

Oh no!