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You can register using your Google, Facebook, or Twitter account, just click here.That is interesting. There is a case where they don't have to report? Is that per sale or accumulative? I'll assume the later.- Unregistered sales of 10 percent or more of outstanding equity securities
I believe it is per each SEC filing. There is probably someone here could confirm or correct me.That is interesting. There is a case where they don't have to report? Is that per sale or accumulative? I'll assume the later.
The SEC filing for Sept 30 2016 showed Elio Motors was basically out of cash. Activity since then reflects that. Most observers would conclude that is "real financial trouble".Seriously, if they were in real financial trouble, we'd have heard about it unless it happened in the last few days.
Their last filing stated that they might have to curtail operations unless they got new funding. No need to add anymore information until next filing.Then why have we not seen a 1-U filing stating that they are out of cash and unable to pay for continued development? That would need to be filed within four days of that happening.
It looks like they curtailed but did not cease. Makes sense because when you already have plenty of debt, it's pretty hard to keep going when the cash in the bank reaches zero. With the reservations they keep getting, that has to be enough to pay for the website and someone to monitor the social media feeds. It's when the new reservations become zero is when you know that you have to cease operations.Their last filing stated that they might have to curtail operations unless they got new funding. No need to add anymore information until next filing.