ecdriver711
Elio Addict
- Joined
- Mar 1, 2014
- Messages
- 1,351
- Reaction score
- 2,908
Hi Helios. Welcome to the forum.
-
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.
Funding Refused By Paul Elio
- Thread starter pistonboy
- Start date
HHH
Elio Addict
Since our understanding of EM's capital structure is lacking, I will relegate this matter to speculation. Suffice to say that PE has stated that he would only do an IPO if absolutely necessary. I would take this to mean that after exhausting 506(c) and A+ fundraising, and not receiving a timely ATVM loan guarantee, and not receiving sufficient, timely support from angel investors, and if EM could qualify under these alternate listing criteria, then PE would reluctantly pursue an IPO.
In the meantime, our actions related to https://www.opencongress.org/contact_congress_letters/69543-S-685-Autocycle-Safety-Act can have a useful impact on the success of EM.
Those are not alternate listing criterias, those are primary. If you do some research about other Nasdaq listed companies (http://www.nasdaq.com/markets/ipos/), you would see that it's common that their "capital structure is lacking". That's why they do IPOs! But that was not your original argument, it was that "because EM doesn't have net income it cannot be listed." If that would be criteria, there wouldn't have been Tesla's IPO nor Solarcity's nor thousands of other unprofitable ventures. And now you change the subject.... With all due respect, i have feeling that you don't know what you're talking about.
EM needs capital and PE would be idiot (which he's NOT), if he wouldn't take where it's most inexpensively available!
I rest my case!
Last edited:
Tesla's fiscal 2014 net loss was $300M. Elio hasn't matched that in total since 2002.
Last edited:
Ekh
Elio Addict
My version of the letter about S685.
I am writing as your constituent in Ohio. I support S.685 - Autocycle Safety Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
We need this bill because it brings safety and sanity to the changing world of vehicular transportation. In particular, it establishes safety requirements for "autocycles" -- enclosed 3-wheel vehicles that drive, handle, and feel like cars, but which offer great advantages in fuel economy and cost.
Please take an active role in supporting S.685.
Sincerely,
Eric Hatch
I am writing as your constituent in Ohio. I support S.685 - Autocycle Safety Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
We need this bill because it brings safety and sanity to the changing world of vehicular transportation. In particular, it establishes safety requirements for "autocycles" -- enclosed 3-wheel vehicles that drive, handle, and feel like cars, but which offer great advantages in fuel economy and cost.
Please take an active role in supporting S.685.
Sincerely,
Eric Hatch
tonyspumoni
Elio Addict
Pistonboy,
I think you have made your case well and plainly and I cannot add much, even nearly five months after the fact. Paul is clearly a visionary and deserves considerable respect for having gotten this far. But respect didn't garner him production-enabling funding since your initial complaint in June and it isn't likely to do so in the future either. No one is going to give him majorty-level resources for minority level control. That's just not how it is done in a marketplace for capital, where offerings vie to provide the best risk-reward balance. ATVM is clearly NOT the answer though. The rules are pretty clear: you have to be financial viable before you qualify and Elio either does NOT meet that criteria or might meet the criteria. At this point Elio Motor's best shot at ATVM would be to spend less to get into partial production - maybe no delivery centers and all deliveries at at the factory - and then make the case that they need the extra money to expand production. But this is just my idea and could be just as windy as he current plans.
I think your hittin pretty close
to home, TS. The 'numbered'
folks have a shot at Picken
them up at the factory. The
stores & fulfillment centers
I believe we're always meant
to come after the early
reservationists created stronger demand by virtue of flyin down the HOV lanes of the good 'ol USA...
Last edited:
tonyspumoni
Elio Addict
Well Paul's status as a risk taker certainly leaves little to doubt, does it? (Note to self: do not play poker for large stakes with Paul Elio).
I invested what I can afford to lose. I invested because if this does go I'll nail a nice multiple. I mostly I invested because eventually Paul will acrete around himself enough folks who stand to lose a lot more than I will if it does fail that he'll have to make some compromises if he genuinely wishes to succeed and make everyone happy. The real question we need to ask at this point is whether he's crazy or not. Ego has a funny way of infusing otherwise obvious rational decision-making with an element of, how shall we shall, um, unpredictability and self-destructiveness. If Paul gets to the go/no-go point where has only two choices, rename the damn thing a Fiat, sell gazzilions of 'em, and change the planet for the better, or take us all down with him, who's to say he won't do the later? There is no way of knowing for sure, is there?
I invested what I can afford to lose. I invested because if this does go I'll nail a nice multiple. I mostly I invested because eventually Paul will acrete around himself enough folks who stand to lose a lot more than I will if it does fail that he'll have to make some compromises if he genuinely wishes to succeed and make everyone happy. The real question we need to ask at this point is whether he's crazy or not. Ego has a funny way of infusing otherwise obvious rational decision-making with an element of, how shall we shall, um, unpredictability and self-destructiveness. If Paul gets to the go/no-go point where has only two choices, rename the damn thing a Fiat, sell gazzilions of 'em, and change the planet for the better, or take us all down with him, who's to say he won't do the later? There is no way of knowing for sure, is there?