Bring On 2017!

[booboo]

Any news ?
http://orig01.deviantart.net/6425/f/2011/310/8/6/____i_got_nothing_by_demachic-d4fbelf.gif

 

[skychief]

EM's viability all hinges on the ATVM loan. It might be another year until they get it. It might be two. Or they might not ever get it. But until they get it, all EM can do is present a positive attitude and send warm and fuzzy group-mails periodically.

Elio made the mistake of putting all his eggs in one basket, with no contingency plan for funding the venture should the Loan not come through. Not an optimal business plan, imo.

 

[Ty]

'Recently our CEO was attributed to several quotes with statements on the company’s financial health by small news entities and blogs. They are not direct quotes from our CEO. They were taken from our financial statements, which are public reports that include standard risk statements and disclaimers. They are designed to communicate the various risk factors for investing in a start-up company and are part of thousands of reports submitted each quarter by public companies to the Securities and Exchange Commission.'
Funny! Financial statements don't lie, they can't doctor the numbers so it is what it is, so who cares if the quotes came from the CEO or not?? Everybody now knows where EM stands and it does not look good financially. (source: EM). I'm curious who ACTUALLY writes this Momentum updates/e-mail??? Does Paul Elio had some input on it??

I remember one such "quote" saying something like 'Founder Paul Elio says that Elio Motors will fold unless funds are found soon.' That was never said but the financial statement which requires such dire statements as 'Elio Motors, as with other start-up businesses can fail should suitable funding or revenue stream not be found' or something of the like.

Basically, there are some news outfits that are picking phrases from the company's SEC filings and claiming they are quotes from Paul when they are really just legally required statements.

 

[Ty]

EM's viability all hinges on the ATVM loan. It might be another year until they get it. It might be two. Or they might not ever get it. But until they get it, all EM can do is present a positive attitude and send warm and fuzzy group-mails periodically.

Elio made the mistake of putting all his eggs in one basket, with no contingency plan for funding the venture should the Loan not come through. Not an optimal business plan, imo.

The above is an example of propagating misinformation. Where do you get that "EM's viability all hinges on the ATVM loan"? That has never been said. In fact, Paul came out and said he is not relying on the ATVM loan. The same can be said about "putting all his eggs in one basket, with no contingency plan for funding..." That is just outright speculation. No, that's just outright incorrect, according to Paul who has said "We have several paths to funding." That doesn't sound like the lack of a plan.

One question: If you owned a company, would you wait as long as possible for a loan that basically lets you keep ALL of your company or would you jump at the first offer of money even if it meant giving away a huge chunk of your potential earnings?

Paul would be an idiot to take money in exchange for part of the company at this time. Shoot, he should wait until he can no longer hold out. If there is even a chance the ATVM loan will come through, he should wait. It would be financially dumb to do otherwise.

I, of course, want my Elio now and I don't really care who owns the company. Sure, I think Paul should be rewarded for all the hard work and effort he has put out but in the end, it really doesn't matter.

I'm pulling for you, Paul. Hang on as long as you can. I sure won't blame you.

 

[skychief]

The above is an example of propagating misinformation. Where do you get that "EM's viability all hinges on the ATVM loan"? That has never been said. In fact, Paul came out and said he is not relying on the ATVM loan.

From Elio Motors: (i added the bold)

"If we are unable to continue to obtain financing to meet our working capital requirements, we may have to curtail our business sharply or cease operations altogether. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis to retain our current financing, to obtain additional financing, and, ultimately, to attain profitability. Should any of these events not occur, we will be adversely affected and we may have to cease operations."

The same can be said about "putting all his eggs in one basket, with no contingency plan for funding..." That is just outright speculation. No, that's just outright incorrect, according to Paul who has said "We have several paths to funding." That doesn't sound like the lack of a plan.

I looked for some other proposed funding but couldn't find any.

Could you quickly outline some other "paths to funding" that are being considered?

Thanks!

 

[aahz]

Let me ask a question here. Does it make more sense to let everyone know what underwear your wearing or to just let it be assumed you are wearing them? I rarely go into anything without first looking at possible alternatives. I don't believe Paul has done different. He has stated there are alternative venues for capitol, that's the easy answer. The ATVM loan is just the most ideal one.

 

[Coss]

Let me toss in another little bit of information, does anyone know who actually writes the SEC statement?
If you answer Paul, you'd be incorrect, Paul does not write it, it's written by the lawyers.
So saying the "Paul said on the SEC filing ......" is not a valid statement.

 

[Jerry Hudis]

Why cant anyone tell us the truth about what is happening about production models and start dates?
Im all in on an non recoverable one grand. Hope to see something soon.

 

[WilliamH]

Dr. Ernest Moniz - Secretary of Energy is out on Jan 20, 2017.
Maybe then the DOE will stop changing the ATVM loan requirements every time Elio meets the current set..

 

[Ty]

From Elio Motors: (i added the bold)

"If we are unable to continue to obtain financing to meet our working capital requirements, we may have to curtail our business sharply or cease operations altogether. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis to retain our current financing, to obtain additional financing, and, ultimately, to attain profitability. Should any of these events not occur, we will be adversely affected and we may have to cease operations."


I looked for some other proposed funding but couldn't find any.

Could you quickly outline some other "paths to funding" that are being considered?

Thanks!

https://www.eliomotors.com/tech-talk-v52-update-on-funding/

This has been going for quite a long time. Paul never put all his hopes in the ATVM loan though he'd much rather use it than private funding. (my opinion - and it just so happens to make sense)