Editing Moller M400 Skycar (section)

===Setbacks===
In 2003, the [[Securities and Exchange Commission]] sued Moller for civil fraud ''(Securities And Exchange Commission v. Moller International, Inc., and Paul S. Moller, Defendants)'' in connection with the sale of unregistered stock, and for making unsubstantiated claims about the performance of the Skycar, even though Moller's statements had passed the review and received "cleared comments" from the SEC during the filing and public information phase prior to being listed as a publicly traded company. Without admitting any wrongdoing, Moller agreed to pay $50,000 to settle the matter quickly so as not to delay the initial public offering of the stock.<ref name="seccase">[https://www.sec.gov/litigation/litreleases/lr17987.htm Securities And Exchange Commission v. Moller International, Inc., and Paul S. Moller, Defendants] from the [[Securities and Exchange Commission|U.S. Securities and Exchange Commission]] website</ref> In the words of the SEC complaint, "As of late 2002, MI's approximately 40 years' {{sic}} of development has resulted in a prototype Skycar capable of hovering about fifteen feet above the ground."<ref name=seccase/> The shareholders of Moller International banded together to form a group known as "Shareholders of Moller International ("SoMI"),<ref>[http://www.somi2003.org/our_story.html Shareholders of Moller International website]</ref>

In October 2006, Moller attempted to auction the only prototype of its M200X model on [[eBay]]. It failed to sell. The highest bid was $3,000,100; Moller reported at the annual meeting of stockholders on October 21, 2006 in Davis, California, that the reserve price had been $3,500,000.<ref>[http://www.motorauthority.com/news/concept-cars/ebay-watch-moller-m400x-skycar-prototype/ "eBay Watch: Moller M400X Skycar prototype"] from MotorAuthority.com</ref> A previous attempt in 2003 to sell the M400 via eBay was also unsuccessful,<ref>[http://www.moller.com/files/DEC2006CAMPInSightMollerreprint.pdf "The Skycar: Transportation of the Future"] {{Webarchive|url=https://web.archive.org/web/20070206050451/http://www.moller.com/files/DEC2006CAMPInSightMollerreprint.pdf |date=2007-02-06 }} from official Moller website ([[Portable Document Format|PDF]] file)</ref> as were two subsequent attempts to sell the M400 prototype on eBay in July 2017.

On May 18, 2009, Paul Moller filed for personal protection under the Chapter 11 reorganization provisions of the federal bankruptcy law<ref>[http://biz.yahoo.com/e/100216/mler.ob10-q.html, "MI Financial Statements"]</ref> and it is unknown how this will affect the fate of his ideas; Moller International itself did not file for bankruptcy but reduced operations.<ref name=burn/>

On June 21, 2011 Moller International applied for Experimental Airworthiness Certification of the M400 Skycar with the [[Federal Aviation Administration|FAA]] who accepted the application. Demonstration flight plans were scheduled for October 2011 and a flight test consultant was maintained by Moller International.<ref>{{Cite web|url=https://generalaviationnews.com/2011/06/23/moller-files-for-experimental-certification-for-skycar/ |title=Moller files for experimental certification for Skycar |access-date=2019-03-19 |date=June 23, 2011 |publisher=General Aviation News|author=Janice Wood }}</ref><ref>{{Cite web |author= |date=June 30, 2011 |title=Skycar Gets FAA Experimental Airworthiness Certificate – Thunderbirds Are Go ! |url=https://www.uasvision.com/2011/06/30/skycar-gets-faa-experimental-airworthiness-certificate-thunderbirds-are-go/ |access-date=2019-03-19 |website=uasvision.com |publisher=UAS Vision}}</ref> However, no demonstration flight ever occurred.