Elio Crowdfunding

[DAVID BROWER]

SO THEY GOT TIRED OF WAITING ON THE GOVERNMENT ?

 

[Smitty901]

Clearly, I'm missing something. I already gave Elio Motors $1000. What's this doing for me?

This is fund raise. A way to gather the capital needed to get on with it. If you can't get big bucks from one to a few. Then collect what you can from many.
One of the few socialist based ideas I go along with. Pennies can add up. so lets look it over if passes the smell test maybe we can make the ELIO happen after all.

 

[zarquon]

Clearly, I'm missing something. I already gave Elio Motors $1000. What's this doing for me?

I think this is a way of indicating you might be interested in investing in some type of stock offering if it became available in the future. It is not a binding agreement, they are testing the waters to see what type of interest there might be. Just the way I read it. I'm sure we will be getting more details in short order.

 

[Jeff Porter]

Well here we go. Those of us who have talked about it, now have a chance to act. Minimum of $250 max $500,000. I signed up, just need to look at the bank accounts first. Obviously since I'm a reservation holder I think it's a great investment opportunity but just not sure how much more to risk at this time . What's your thoughts?

If a person is interested in having their reservation fulfilled, this is excellent news. They need funding, and selling shares of stock is one way to get it.

I'm with you Lars, not sure how much more to risk.

 

[UCF'73]

Thanks !!! I hate getting confused. OK, This is the deal and I hope nobody later says they didn't know the rises involved.
THE COMPANY IS “TESTING THE WATERS” UNDER REGULATION A UNDER THE SECURITIES ACT OF 1933. THIS PROCESS ALLOWS COMPANIES TO DETERMINE WHETHER THERE MAY BE INTEREST IN AN EVENTUAL OFFERING OF ITS SECURITIES. THE COMPANY IS NOT UNDER ANY OBLIGATION TO MAKE AN OFFERING UNDER REGULATION A. IT MAY CHOOSE TO MAKE AN OFFERING TO SOME, BUT NOT ALL, OF THE PEOPLE WHO INDICATE AN INTEREST IN INVESTING, AND THAT OFFERING MIGHT NOT BE MADE UNDER REGULATION A. IF THE COMPANY DOES GO AHEAD WITH AN OFFERING, IT WILL ONLY BE ABLE TO MAKE SALES AFTER IT HAS FILED AN OFFERING STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC) AND THE SEC HAS “QUALIFIED” THE OFFERING STATEMENT. THE INFORMATION IN THAT OFFERING STATEMENT WILL BE MORE COMPLETE THAN THE INFORMATION THE COMPANY IS PROVIDING NOW, AND COULD DIFFER IN IMPORTANT WAYS. YOU MUST READ THE DOCUMENTS FILED WITH THE SEC BEFORE INVESTING.
I am excited about this and has been for a month or so. I am tickled pink. I'm in.

Thanks for the info, LillyMay. Then does this mean that they are under no obligation to actually offer shares some time in the future to those who indicated a willingness to invest? And does it also mean that those who register interest on Start Engine at a certain dollar level have no obligation to do the deal, if and when the offer is made?

 

[Good Will]

You have to admit, the new marketing / crowd-funding campaign is FABULOUS! If they build up an adequate pool of investment intent (say $100,000,000 of INTENT to invest), then people will say "Hey! This is legit!" and we can all jump in the pool together.

No one wants to be the only idiot who jumps in the freezing water alone, to be laughed at and left soaked. I hope this latest marketing campaign works. If they get past the next hurdle (build an actual, working car that starts to hit the price/fuel/performance specs they've promised), the future for this company will positively EXPLODE!

People know that the "legacy" car companies carry HUGE baggage (pensions, unions, etc.). That's why their cars cost so much! If Elio can pull this off (and start with a clean slate), the price savings will be ENORMOUS! And cars should start flying out the door.

Godspeed.

 

[BlioKart]

Ill buy an Elio cant invest in the company as I was born a poor black child. And continue to be poor. Hopefully this will help Elio somehow. For those with bigger pockets and brass balls to invest

 

[zarquon]

I might be inclined, as an 'all-in' reserve, to at least offer giving them the 'bonus' they are giving me back in this fashion. The bonus is bogus without it getting to production and, naturally, we are all hoping the investment would be a great one.

 

[Jeff Porter]

Wow, the video on the startengine website for Elio Motors is quite well done. Almost TV commercial quality. Maybe we'll see an edited 15 or 20-second version of it on TV in the future.

 

[John Painter]

I put in my interest in shares.