Jet Cruzer 500

Has anyone heard of this thing?

All my information is 3rd hand, so I'm sure I either misunderstood some
portion of it, or some of it has been "lost in the translation." Just the
same, I assume that some may be interested in the rumor mill. The guy
behind this plane is a friend of my father. My father took the pictures
(available at alt.binaries.pictures.aviation - see Jet Cruzer 500, 4
picture series). I'm told that the plane has passed FAA certification and
is ready for production. I'm also told that a new, lighter, composite
wing is also being built right now (for another model??). While I admit I
do not know the exact details, here's more or less, what I've been told.
Supposedly, the plane was originally designed by Mooney and has near Lear
performance. I'm also told it has a pressurized cabin for 8 and is a
turboprop, which is rather obvious from the pictures. Rumor has it, the
owner is looking for investors to make ready for a production plant, but
I'm rather vague on such details. Accordingly, I've heard the plan is to
get it into production sometime next year or two. The target price is
supposed to be something like $850,000+. I'm told the version with the
composite wing may be higher, but I really have no idea where that will
all shake out. I have no idea what the avionics will look like.

At any rate, rumors aside, the plane is certainly an eye catcher. Anyone
know more details on this thing? What about on the original Mooney ties?
Details?

Thanks