For the last few years they have been looking to partner up with someone that can supply funding for a test flight, further development and ultimately production. I do not think they are looking at selling the whole pot. Besides, they don't really have anything to sell, do they? Moller had a good run selling the dream, but realizing the dream remains elusive.
People have suggested that Moller 'just fly the thing'. It is unfortunately not that simple. If you do some research you will come to the conclusion that the Skycar model/models MI has is at this stage not able to fly. To get the aircraft ready to fly will cost money that Moller doesn't have. If they do get money, there is no guarantee that they will be able to get the skycar 'flight ready'. Remember that when they flopped the Skycar around on a tether in 2004, the engines weren't powerful enough. They stripped the skycar down to minimum weight just to get the engines to lift the empty shell up. They have made claims about increasing engine power in the decade since the tethered flight, but that is all it has been. claims.
Another problem with 'just flying it' is obviously the safety issue. Imagine they attempt a stunt like people suggest and they end up smashing into, killing the pilot, people in the house and destroying their only prototype. There are countless tests and checks that need to be done before you can fly a prototype. They have employed a reputable test pilot to fly the Skycar one day, I doubt he will just 'kick the tyres and light the fires'.
Lastly there are legal issues. A lot of legal red tape that need to be addressed before taking off. Just going for it will probably see someone end up in jail and that will definitely be the end of the Skycar.
My point is: The Skycar is not ready to fly. To get it ready, they need money they don't have and are struggling to get. Once they get money they will need to do a proper development and test program.
So he can't fly it down Madison Avenue. Okay. Well, how about using it someplace safer like in the desert or tour the Grand Canyon. This could spark interest and investors. Heck, fly it over the White House lawn.
What's the likely outcome from here? Someone with money steps in and buys the whole kit and kaboodel from Moller for pennies on the dollar, and then this new owner sinks his dough into it?
Mollers marvelous management skills, coupled with awesome technical ability, has gotten MI where they are today.
Sentiment: Strong Sell
It looks like the Martin Aviation company struck themselves a "china deal". No excuses. No "46 signatures". No "adminestration change" excuses. No #$%$
It looks like they are raising funds and getting people interested. Visit their website.
I think it is because the Martin Jetpack is getting people interested that MI is switching tracks to the Firefly/neuera/falling saucer thingy again.
Talking of jetpacks, hop on to youtube and search for "jetman aerobatics". Real life iron man.
I really don't think money is the problem. What does Moller burn a day, something like $4000? I genuinely believe Moller has no real intention of advancing, and certainly shows no sign of it. He will never fly the Skycar, and the reason is he knows it won't fly (at least untethered with a pilot and fuel on board), so he chooses to use his PR issuing, track jumping company to raise money, for himself.
Sentiment: Lies, lies and more lies
The problem is money. No money, no progress. They need some serious investment to get things moving, but all recent attempts to raise funds have been unsuccessful. No matter what the fanboys may tell you. The fact that they have failed to reach all of their self-imposed deadlines for over a decade is certainly not helping.
The position they are in is bad. No money, no moving forward, but with nothing to show the chances of attracting major investors are slim.
It looks like they are letting it all ride on the "A-life scooter engine" dealy thingy, whatever that is. Although that looks like a long shot to me.
Honestly while Gov has been part of the problem the main problem has been and still is Paul Moller himself and a aversion to risk. He want the Skycar "Fool Proof" even before untethered testing.
LOL I bought my first 100 shares at $3.10....and over the years I've alot of WTF moments.
With that said I still think there is potential for major returns. I might even buy another $200 worth next week....maybe.
Dean, you are wrong!
Lots will have happened.
* Over a million dollars will be spent.
* At least one new aircraft design will be flogged
* Several new "big deals" will be announced.
* Two new general managers will be hired and subsequently quit
* At least on major media appearance will be scheduled and then cancelled at the last minute.
Yes! Several of them!
Be patient boys, 2015 will be the Year of Moller, when all will come to pass exactly as promised.
I can just feel it!
Sentiment: Strong Buy
And after 8 years of "studying," you obviously haven't learned a thing! OMG Jefff, you are such an easy target!
Sentiment: 8 years of ABSOLUTELY NO progress.