Posted on 12/02/2005 5:36:40 PM PST by kingattax
Born too late for the Wright Brothers' first plane? Missed out on Henry Ford's Model T? You can still have a piece of transportation history: the prototype for an unprecedented mode of transportation that melds sci-fi and state-of-the-art technology.
• The M400 Skycar is the world's first personal vertical takeoff and landing (VTOL) aircraft, designed to elevate individual drivers above the headaches of commuting and the dangers of highway travel.
• In development since the 1960s, the Skycar has completed successful hovering flights, and its first manned, un-tethered flight is planned for Fall 2005.
• Developed by Moller International, the three-wheeled, folding-wing craft is designed to be as safe, affordable, and easy to use as an automobile.
• Travels at 350+ miles per hour and achieves an environmentally friendly 21 miles per gallon on alcohol, a cleaner fuel than gasoline.
• Because most auto emissions occur at idle or low speeds, the M400 will produced less pollution by burning fuel more completely.
• A limited number of M400s is expected to be available within the next three years, but you can purchase the actual prototype for yourself or your favorite commuter now.
• For more information and to order, please call 1.877.9NM.GIFT.
• Delivery not included.*
To learn more about the M400 Skycar prototype, please visit www.moller.com.
*Neiman Marcus is acting as the advertiser for this product. Certain regulatory requirements must be met for purchase of the prototype, including International Traffic in Arms Regulations and Federal Aviation Administration authorization. A purchase agreement will need to be signed by the purchaser.
Item
Skycar Prototype
Price $3,500,000.00
I want one!
>In development since the 1960s, the Skycar has completed successful hovering flights, and its first manned, un-tethered flight is planned for Fall 2005.
They have been flaking this thing for 40 years. It's a no go.
Securities and Exchange Commission
Litigation Release No. 17987 / February 19, 2003
Securities And Exchange Commission v. Moller International, Inc., and Paul S. Moller, Defendants (U.S.D.C., Eastern District of California, Sacramento Division, Civil Action No. 2:03-CV-261 (WBS) DAD.
On February 12, 2003, the Commission filed a settled civil fraud action against Paul S. Moller ("Moller") and Moller International, Inc. ("Moller International"), in connection with a fraudulent unregistered stock offering and the filing of a fraudulent registration statement with the Commission.
The Commission's complaint alleges that Moller International, a California company, and Moller began selling the unregistered shares of stock directly to the public via the Internet, raising approximately $5.1 million from more than 500 investors nationwide. The company was supposedly engaged in the development of a revolutionary personal aircraft, dubbed "the Skycar," that would allow a person to travel at speeds over 400 miles-per-hour above roadways for about the same price as a luxury automobile. 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.
In its complaint, the Commission alleged that Moller International and Moller violated the antifraud and the registration provisions of the federal securities laws. Specifically, it is alleged that the Defendants violated Section 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder, as well as Sections 5(a) and 5(c) of the Securities Act. Simultaneously with the filing of its action, the Commission announced that each of the Defendants had agreed to a settlement in which they consented to the entry of a permanent injunction and in which Moller agreed to pay a civil penalty in the amount of $50,000.
The Commission would like to acknowledge the assistance of the Office of Securities Commissioner, State of Kansas.
HE IS STILL AT IT.
Nah...the idea's too compelling. People will continue to beat their heads against this concept until innovation and technology make it happen.
It might not be this year, or this decade, but it will happen.
Any pre-orders from Saudi "students" yet?
It's just $10,000 away from going into commercial production
People have a hard enough time driving in two dimensions, let alone three.
I was being "fake but accurate"
I agree. We're gonna have skycars some day,
but you're never gonna see a "Moller" in the sky.
Thank you, Dan.
:~)
Well put.
Kev', a sort of possible space ping, almost?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.