Exciting News - Sec Resubmission

[LillyMayPatterson #1685 & #5648]

Having gone through both submissions, I don't believe that there are enough changes to make a comparison worthwhile. If you just read or scan the current one for what it is, you should be fine. As far as I could tell, there were no major contradictions between the two submission. It was mostly additions, updates, clarifications, etc. They did add financial information for the first half of this year, so that might be of interest to you.

Yes, Johnny, Can'twait is correct. I had the first filing printed out as soon as it came out. I sat down this afternoon while the internet was down and compared the two paragraph by paragraph. It was additions, updates to June 30, 2015 and expanded explanations. The second filing did not include all the emails, information and news tidbits we all have been receiving the past three years. I wondered why, but I really didn't miss it, lol. Please explain this thing Friday to me. Is it yet another fund raiser? Will it replace the the one we are working on now? Is the rule book available to read for myself now or is the sec going to write it up Friday? Then it will go into effect 60 days later and that is when we might get the email asking for the money? This is much more fun than trimming goat hoofs.

 

[John-b-gone]

$70 one way Denver to Shreveport

 

[Ekh]

I found these other points interesting. (I do hate the 2017 start date, but oh well.)


So they ARE NOT limited to only the population from SE 'expressions'. That sounds good, and means there is still a reason to 'express' for a place in line.


So yea, $7,600 was based on somewhat conservative sales. But the $6,800 price does not have a engineering challenge to meet, just a business and marketing one.

I assume that the reservation holders, esp SILs, will get the $6,800 price. Otherwise there's likely to be a riot ensuing .

 

[Ekh]

Yes, Johnny, Can'twait is correct. ..This is much more fun than trimming goat hoofs.

Yes, I dare say it is. You cracked me up!

 

[pistonboy]

I assume that the reservation holders, esp SILs, will get the $6,800 price. Otherwise there's likely to be a riot ensuing .

I agree. It would look bad for them to talk about $6,800 and no one get it. This would be bad public relations and the kind of think the press would love to rub in their face.

 

[pistonboy]

Elio Motors is trying to grab as much of the market share as they can as fast as they can. They should indeed do this. If this vehicle is as popular as it appears to be, other car companies will make their own. Why pay credits to Elio Motors when they can make their own vehicles, keep the credit money, and make profit from selling the vehicle. It is a simple design and with the deep pockets of the car companies, they can have one designed in a year. I believe they already have teams examining the possibility already. They would be poor managers to not already be examining the possibility. They would have two advantages the elio does not.
1) Service centers covering the whole nation. There are large areas not covered by Pep Boys. These service centers are called dealers. You can find a Ford, Chevy, Toyota, or Honda dealer anywhere. They probably instill more confidence in people than Pep Boys too.
2) They will not have an Elgin dash making it more visually attractive on the inside to most people.

I believe this is the point at which Elio Motors will have an IPO. They will want to use the money to significantly expand. They will already be a proven company that has a proven product and big sales. They will be fighting to stay on top.

 

[BaldGuy]

They would have two advantages the elio does not.
1) Service centers covering the whole nation. There are large areas not covered by Pep Boys. These service centers are called dealers. You can find a Ford, Chevy, Toyota, or Honda dealer anywhere. They probably instill more confidence in people than Pep Boys too.
2) They will not have an Elgin dash making it more visually attractive on the inside to most people.

3) Have the gas tank cap on the drivers side. I think of Elio every time I see someone having to disrupt the gas station flow. LOL

 

[Gizmo]

Well, they certainly can't expect all of us to pick them up at the factory (although I'd certainly like to). There has to be some sort of regional pickup option.

Won't hurt my feelings if it gets delivered to my driveway! Just saying.....

 

[Coss]

3) Have the gas tank cap on the drivers side. I think of Elio every time I see someone having to disrupt the gas station flow. LOL

I should send you pics of the Fred Meyer gas station near my place; whoever designed it must have been drunk, and had a really bad attitude about doing it, because it is one of the worst I have ever been to. Anyhow, that local station has 5 pumps for filling on the right side, and 5 for filling on the left; I was in there last week and was surprised at how many new cars have the filler on the right; a lot more than I ever expected.

 

[Gizmo]

3) Have the gas tank cap on the drivers side. I think of Elio every time I see someone having to disrupt the gas station flow. LOL

The Mountaineer I still had a little over a year ago had the gas cap on the passenger side. Worked great at the Sams fuel stations until others would ignore the directional lane arrows so they wouldn't have to wait in the "drivers side" lines. But I do appreciate not having to go to the other side of the vehicle to fill up.