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Moller International Inc. Message Board

  • redbacktill2004 redbacktill2004 Mar 21, 2013 5:02 PM Flag

    The latest news from BRUCE at Moller ......from the facebook page.....3/21/13 posted today!

    Yes, we have been quietly working with Athena to get the MOU in place and get the funds flowing to make everything happen. We keep reminding our friends in China that their goals and schedule will be adversely impacted if they don't get going. In response we were told earlier this week that a National Congress meeting had concluded and several key people are getting back to work at their offices. Also the China Ministry of Science and Technology has assigned several people to review our technology as part of government's due diligence. While we know our technology is ready to be moved into the pre-production design and demonstration stage, the development stage work still needs to be reviewed before they will release the funding. I think I told you previously that John Gong, Athena's CEO, said there were something like forty people within the government who need to sign off on a deal of this magnitude. John continues to tell us that everything remains positive.

    In the meantime we're limited to mainly non-material activities. Paul and I continue to look for alternative sources of funding, but most of these are "small potatoes" compared to what Athena offered.

    Hang in there...it's still going to be awhile, but it is moving forward.

    Regards,
    Bruce

    Sentiment: Strong Buy

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    • I'm just impressed the stock is holding at around 30 cents. So apparently, there are still believers out there. There is no need to be early into this stock. Whether you buy at 30 cents or a buck is irrelevant in the grand scheme of things. Just need to see forward momentum and share price will take care of itself. MOU is an ok start, but we really need a definitive agreement and money in MI's pockets before buying into this company. Otherwise, it's no different than drilling for oil, gold, etc. with one of those junior miners with nothing but a lease and a story.

      Sentiment: Hold

    • Per Roseanne Roseannadanna, it's always something. Chinese New Year has come and gone, now it's the National Congress. lol

 
MLER
0.071-0.012(-14.35%)Aug 29 9:44 AMEDT

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