If you’re not into cool tech, then never check out Moller International, Inc. (MLER) and never follow their penny stock. Months after climbing to 0.12, the 0.02 share price was too cheap for some penny stock traders to pass up considering the company developed the first and only feasible, personally affordable, personal vertical takeoff and landing (VTOL) vehicle the world has ever seen. Be it that it could still be years away before the SkyCar is parked outside the coolest people’s houses all over the country, it won’t take that long for MLER stock to relaunch back to above a dime.
Find out what other penny stock traders think about MLER shares here: $MLER
Brought to life by its inventor, Dr. Paul S. Moller, Ph.D., President, CEO, Chairman of the Board of Moller International, the SkyCar is the ultimate hybrid vehicle…an aircraft that takes off and lands like a helicopter, is able to fly at high speed, yet also able to travel at low speed on the ground and narrow enough to fit on urban streets. If this isn’t the coolest thing since sliced bread, someone needs to smack you upside the head to make sure you’re in the 21st century.
Featured by Examiner.com and Huffington Post earlier this year, a “real” vehicle which could take-off from even a small area such as a driveway, the former professor of aeronautical engineering at the California University at Davis has taken his 30+ year plan ever so close to becoming an available product. Just the idea of four power pods, each with roughly the power of a 500cc motorcycle engine, being able to shuttle you above ground at cruising speeds of 450 km/h makes wanting to see the next Star Wars movie that much more exciting.
We stumbled upon MLER due to the increased volume on Friday and the hike in share price. Even after looking at the company’s balance sheet and seeing $16,532,679 in total liabilities incurred during this “prototype” stage, MLER stock has already proven it can fly having skyrocketed from subpenny status to 0.12 during the months of April and May.
Note that, as of March 31, 2015, $7,164,338 of those outstanding accrued liabilities were to Dr. Paul who’s success with Freedom Motors has been helping substantially to fund the projects thus far. Moller International addresses the need for working capital on their IR page by inviting those who wish to purchase convertible notes, as well as pointing out how orders with deposits for its Skycar 200 and Firefly volantors have been placed and how Miller’s Freedom Motors has conditional orders and letters of intent for over 3.5 million engines.
After hearing in April that plans were to begin beta production of the Neuera and its Firefly derivative, two unique aircraft that can take-off and land vertically and are small enough to fit in a single car garage, seeing an update and/or an order for purchase could launch MLER stock to the moon.
When shares of MLER stock took off back in April, it was a month before the launch f the beta testing products was announced and two months before the featured articles appeared in the Examiner and the Huffington Post. Knowing just how awesome and real this technology will be for our children and our grandchildren, it’s almost worth believing that buying into MLER now would be like buying into AAPL back in the early 80’s.
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