Replies to post #2052 on Moller International (fka MLER)

[j5mith]

The problem with anyone from Moller or Freedom Motors saying anything that cannot be independently verified is that they have absolutely zero credibility.

I have been following the antics of this company fairly closely for almost fifteen years. I've heard lots of things that they said they were going to do during this time frame. And I can only recall a single case where they said that they were going to do something and actually did it -- when they moved from Davis to their current location. By contrast, in the same time period they made innumerable announcements of joint ventures, planned production of various craft, public demonstration flights, memorandums of understanding to sell engines, annual objectives from shareholders meetings -- the list goes on and on. And not a single one of these things happened.

With this kind of track record, it's foolish to give an organization the benefit of the doubt. When they have such a long record of not doing what they say they're going to do, I can't trust a thing that they say unless it can be independently verified. I don't accept "This time is different" without some pretty convincing evidence that it really is. (Past positive performance is no guarantee of future positive performance, but consistent past negative performance *is* a good predictor of future negative performance).

They can claim that they have worthwhile rotary engine improvements that haven't been patented. I can't prove that they don't. However, given the long list of announcements mentioned above, that isn't credible by itself. Going by the evidence - no indication on financial statements of any investment in R & D, equipment almost completely depreciated (indicating little to no spending on equipment in the past decade or so), the fact that none of the numerous potential purchasers/investors thought that the company was worth purchasing/investing in, no indication that the company is capable of setting objectives and meeting them - My take is that either what they have isn't considered to be worthwhile by anyone that has looked at it, or alternatively, they don't have anything.