This possibliy is the simplest I have seen of a VTOL.
Saju told me about this some time back.

What I like here is the simplicity of design.
Free Plans are available on the thread

The best is the way the plane transits from vertical to horizontal and back.

No Gyro or  special circuits is the great thing about this as well :

http://www.rcgroups.com/forums/showthread.php?t=1061037

Sai

Cool idea, but lot of instability. 

At any given point during normal (horizontal) flight, the aircraft can rotate on its exist, and the pilot has to adjust the controls to handle the new "top fin".  Might as well try to stabilize that with a gyro or two !

Hello everyone...Right I am almost done with the manufacturing part of the VTOL...Ihave a few questions now.

1. If you look at my design , it is cylindrical...now i want that cylindrical surface to be thermocol...Any idea how to cut thermocol into a cylinder of height 20 cm?
2. Where do I place my ESC, receiver and the Lipo ..are there any specific locations...or is it just weight balancing....
3. Also how do I connect these to the surface of the cylinder?

Thank You

1) get a 20cm block of thermocol and cut a cylinder using hotwire cutter then an inner cylinder to make it hollow

3) use hot glue

subbu

Do I apply the hot glue directly to the battery and ESC?How do I remove the glue incase I want to remove it and can I use hot glue on thermocol?

never apply the hot glue directly on the battery or esc (its fine on servos).
first apply a bit of glue on the thermocol when the glue gun is at its max temp the count till 10 and stick the esc on to the themocol and you never stick a battery just use some Velcro or make a battery holder.

just cut through the glue with a blade

can we have some more details of your project here

like electronics tx and batt and design and principle and everything else (in a bit more of detail)

Almost done with my construction...Tested the motor...
I have a doubt now
How does one do weight balancing?

Regards
Aditya

Some help needed guys.
When I connect the receiver to the ESC with the battery also connected, the motor gives out a little sound.
Then when I try to start the motor using the Tx it doesn't . Only after pressing some random sequence, the motor beeps once again and then the motor starts rotating. What is this all about?
Also, when I bought a motor it came with a collet type prop adapter. However, the propeller doesn't fit inside it. Any precautions before I drill a bigger hole?

Does anyone have an idea??

the beep sound is very likely from the ESC going into programming mode. I aswsume u have reversed channel 3 if u use a futaba system. the random sequence  probably puts it into run mode.
You may need to enlarge the prop hole in case it does not fit securely to our motor. or else if you are using a prop saver, it will fly off.
Avijit