Dan wrote:

cavelamb himself wrote:

Anthony W wrote:

Gig 601XL Builder wrote:

Al G wrote:

And until he sells one of the things, and someone takes a loss, the
civil side is pretty much out. The EAA, however, should know better.

Al G



I love his balance sheet. Please note ZERO R&D for the last 4 qtrs.

http://finance.yahoo.com/q/is?s=mler.ob


Yes the EAA should.



OK so I now get the SEC stuff but now back to my other question. How
likely is it that this thing can fly with conventional take off? My
guess is not likely.

Tony


From wiki...

In the words of the SEC complaint, "As of late 2002, MI's
approximately 40 years' of development has resulted in a prototype
Skycar capable of hovering about fifteen feet above the ground."


That ought to just about finish the matter, wiki being taken so
literally these says...


Must be a typo, the one video I have seen of the thing hovering on a
tether was maybe 15 inches AGL.

Dan, U.S. Air Force, retired

That's what I thought too, but if Wiki sez so then it must be true...

Ironically, like the Avro Aircar, the only thing missing is a few yards
of rubberized fabric for a GEM skirt.

Richard