[3] The M400 is a four-seat flying car, a type of VTOL personal air vehicle described by Moller as a "volantor" Skycar models from single-seat up to six-seat accommodation have also been envisaged.

[4] It is intended to be flyable by anyone who can drive, incorporating automated flight controls, with the driver only inputting direction and speed required.

The body of the M400 comprises a fairly conventional four-seat ground vehicle, which is expected to provide some aerodynamic lift in forward flight.

The pods enclose the propellers and engines, which are direct-coupled, and have movable deflector vanes at the rear to provide additional thrust vectoring.

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.

[14] 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.

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.

"[22] On November 5, 2013 Moller kicked off a crowdfunding campaign with an official announcement on the Happening Now program on Fox News Channel in the US.

The campaign was formulated to raise money to further develop the systems to fly the Skycar without a tether and with a pilot on-board - something that Moller had yet to accomplish with the flights that had been conducted to date with the M400X prototype vehicle.

[25] Data from [26] and [27]General characteristics Performance The Moller M400 Skycar was featured in the 2010 telemovie The Jensen Project with LeVar Burton and Kellie Martin.