FWIW, Moller Again ?

Jerry Springer wrote:
where extra lift is
obtained from operating near the ground. For more information,
visit www.Moller.com.


How are they going to solve the problem of having all those cranes
that his vehicles have to be tethered to? Even his Ground Effect
vehicle is tethered in the video.

Moller has not built an aircraft yet. BUT he has made some real cool looking
Gondolas.

I've known for a long time that the Skycar was a scam but I got bored
yesterday and I decided to look over his website. It's amazing he
hasn't been busted for fraud. I first heard about this thing in 95 and
12 years later he has no new news on making it fly. The videos make it
look like he has a working prototype. The feds should bust him for
selling stock for something that will never work.

I think he should stop trying to make it take of vertically and prove it
can fly conventionally but that's looks to be a scam too. It doesn't
look like it has enough wing surface to fly. I think it's best role
would be to sell it as a movie prop...

Tony

In a previous article, Anthony W said:
I've known for a long time that the Skycar was a scam but I got bored
yesterday and I decided to look over his website. It's amazing he
hasn't been busted for fraud. I first heard about this thing in 95 and
12 years later he has no new news on making it fly. The videos make it
look like he has a working prototype. The feds should bust him for
selling stock for something that will never work.

Read the Wikipedia entry:
http://en.wikipedia.org/wiki/Moller_Skycar

He already settled with the SEC after they sued him in 2003 for civil
fraud for making unsubstaniated claims about the performance of the
Skycar. He agreed to a permanent injunction and a $50,000 fine.

http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the projected
value of company shares after such listing, and the prospect for Skycar
sales and revenue. In September 2001, the company filed a fraudulent
registration statement with the Commission that exaggerated the true scope
of patents the company held for the Skycar. During the Commission's
investigation, the company belatedly cooperated with the staff in an
attempt to bring it into compliance with the securities laws and to
resolve all outstanding enforcement issues.

--
Paul Tomblin http://blog.xcski.com/
I'm fairly sure that if they took all the porn off the Net, there'd only
be one website left, and it would be called "bring-back-the-porn dot com".
-- Perry Cox, _Scrubs_

Paul Tomblin wrote:

Read the Wikipedia entry:
http://en.wikipedia.org/wiki/Moller_Skycar

He already settled with the SEC after they sued him in 2003 for civil
fraud for making unsubstaniated claims about the performance of the
Skycar. He agreed to a permanent injunction and a $50,000 fine.

http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the projected
value of company shares after such listing, and the prospect for Skycar
sales and revenue. In September 2001, the company filed a fraudulent
registration statement with the Commission that exaggerated the true scope
of patents the company held for the Skycar. During the Commission's
investigation, the company belatedly cooperated with the staff in an
attempt to bring it into compliance with the securities laws and to
resolve all outstanding enforcement issues.

I don't get it. He's already been busted but he gets to keep up the
same old BS?

Tony

Anthony W wrote:
Paul Tomblin wrote:

Read the Wikipedia entry:
http://en.wikipedia.org/wiki/Moller_Skycar

He already settled with the SEC after they sued him in 2003 for civil
fraud for making unsubstaniated claims about the performance of the
Skycar. He agreed to a permanent injunction and a $50,000 fine.

http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the
projected value of company shares after such listing, and the
prospect for Skycar sales and revenue. In September 2001, the
company filed a fraudulent registration statement with the
Commission that exaggerated the true scope of patents the company
held for the Skycar. During the Commission's investigation, the
company belatedly cooperated with the staff in an attempt to bring
it into compliance with the securities laws and to resolve all
outstanding enforcement issues.

I don't get it. He's already been busted but he gets to keep up the
same old BS?

Tony

Please note what he got busted for were all SEC violations and they were
mostly paperwork issues. He needs to get a civil or better yet criminal
charge for fraud slapped on him.

In a previous article, Anthony W said:
Paul Tomblin wrote:
http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the projected
value of company shares after such listing, and the prospect for Skycar
sales and revenue. In September 2001, the company filed a fraudulent
registration statement with the Commission that exaggerated the true scope
of patents the company held for the Skycar. During the Commission's
investigation, the company belatedly cooperated with the staff in an
attempt to bring it into compliance with the securities laws and to
resolve all outstanding enforcement issues.

I don't get it. He's already been busted but he gets to keep up the
same old BS?

He's not selling "private" shares any more based on fraudulent statements
about "imminent listings" on NASDAQ and/or NYSE. That's all the SEC cares
about. His shares are listed on OBB which is the lowest of the low.


--
Paul Tomblin http://blog.xcski.com/
Did you know that "Gullible" is not in the dictionary?

"Paul Tomblin" wrote in message
...
In a previous article, Anthony W said:
Paul Tomblin wrote:
http://www.sec.gov/litigation/litreleases/lr17987.htm
Moller, age 64, the company's founder, chief executive office and
president, made false and misleading statements about the company's
imminent listing on the NYSE and the Nasdaq Stock Market, the
projected
value of company shares after such listing, and the prospect for
Skycar
sales and revenue. In September 2001, the company filed a fraudulent
registration statement with the Commission that exaggerated the true
scope
of patents the company held for the Skycar. During the Commission's
investigation, the company belatedly cooperated with the staff in an
attempt to bring it into compliance with the securities laws and to
resolve all outstanding enforcement issues.

I don't get it. He's already been busted but he gets to keep up the
same old BS?

He's not selling "private" shares any more based on fraudulent statements
about "imminent listings" on NASDAQ and/or NYSE. That's all the SEC cares
about. His shares are listed on OBB which is the lowest of the low.


--
Paul Tomblin http://blog.xcski.com/
Did you know that "Gullible" is not in the dictionary?

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

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.

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

"Anthony W" wrote in message
news:WJxki.3398$lY4.1382@trndny07...
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

Well, the Navy throws pianos & Cars off the end of carriers, I
suppose...

Al G (Ex Navy)