Moller has a chance to strike out 3 times in before the first half of 2012 is through... Will they strike out or hit a home run?
Strike 1: CHINA JOINT VENTURE Deadline: "early January 2012" Status: Struck out! Deatails: In a press release issued 9 December 2011, they state "The formal agreement is expected to be completed by early January 2012". As the whole January is gone, it is safe to say they struck out.
Strike 2: FREEDOM MOTORS IPO Deadline: 12 April 2012 Status: Nearing... Details: In an e-mail, dated 27 February 2012 sent to Jeff by Paul Moller himself, Paul states "Freedom IPO is still 30-45 days out.". Basic math puts it between 28 March 2012 and 12 April 2012.
Strike 3: "SPRING" DEMO OF THE M400X Deadline: 31 May 2012 Status: Nearing...we are in spring already Details: Spring is here and will last until the end of May 2012. Time is running out.
What will happen when they strike out? Nothing. Business as usual. "Long run" investors will still believe it is a good idea to hold MI stock, MI will simply give us revised dates for all the happenings and they will carry on "celebrating" 50 years of failure.
It appears Moller even failed on the "50 years of VTOL" celebration. I don't recall one "celebratory" thing he did. You would think he would have at least had some PRs, and then cancelled them at the last minute due to not being able to handle the overwhelming response!
Seriously, what else does Moe do? Go all the way back to his first "flight" attempt in the X M-1. It wobbled around like a loose hubcap, and they called it successful. He's nothing but fail, from the beginning to the end. He's got no "deals" because he's got no unique technology. Hell, high school kids are building quadcopters these days which far outperform anything he's ever "designed". The engine thing is more of a smoke and mirrors job. Rotaries are a harsh mistriss, as the two dozen large corporations who have tried to make them know. Moe's arrogance makes him believe that he can succede where all but a few have failed. Even those engines which were commercially produced did not have staying power in the market, and were eventually discontinued. Rotaries are very amazing motors, but they also have a lot of drawbacks. Good luck.