Elio Crowdfunding

goofyone said:

I was able to speak to a newer Elio VP, who I had not met before as it was his first time to a showing however he knew already who I was (I can't sneak up on them anymore ), and in our conversation he told me that the debate they have had internally was not whether they would sell out the $25 million but whether or not they should exercise the $5 million option even if they are not sure if they will need it. Of course they want to sell the minimum amount of stock in each offering as possible as each time they do it makes everyone's piece a little smaller.

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cantwait said:

You do understand that those numbers no longer have any meaning, right? People can no longer sign up to indicate an amount, though they can still add their names to the mailing list. At this point, the only numbers that really matter are the actual stock purchases, and that information is not being currently published.

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pistonboy said:

I am surprised the SEC lets them get away with this. $25,000,000 is suppose to be the max. At $12 per share, I would have thought the SEC would only let them sell 2,083,333 shares which comes to $24,999,996.

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John Painter said:

The largest and possibly the first to make it through the SEC review, I don't know if they were the first to apply.

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Ekh said:

Where have you been, ChrisF?

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John Painter said:

It also doesn't hurt that investment groups like Cowen are ready to join the Reg A+ party because of what they see EM doing. http://www.crowdfundinsider.com/2015/11/77728-cowen-and-company-is-interested-in-using-regulation-a/

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