raptor213
Elio Addict
Call me a skeptic, but the timing could not be more impeccable. It's mid-April. Everything that's been swirling around Elio Motors is about to come crashing down all at once in spectacular fashion:
-- annual shareholders meeting should be scheduled for mid-May based on past trends;
-- SEC report for fiscal period ending 12/31/2018 is due for public release in the coming weeks;
-- 60-day grace period instituted by Louisiana Court of Appeals for acquiring necessary recreational vehicle manufacturer/dealer licenses or else pay imposed daily fines is approaching;
-- Patrick Byrne reportedly delayed launch of first coin offerings on his tZero platform until further notice;
-- a cursory perusal of past SEC reports reveals that in the months of March, April, and May of each year is when Paul Elio is faced with the task of renegotiating his way out of paying all of his creditors, either forbearing, deferring, capitalizing, or otherwise restructuring his debt obligations to RACER Trust, CH Capital Lending, Stuart Lichter personally, among others.
At this stage, based on the fact that existing automakers follow a routine redesign and revamp lifecycle with their products in order to keep them modern, desirable and competitive, I'd expect the Elio vehicle to undergo another iteration. The basic design hasn't been touched, as far as we publicly know, for a number of years, save for decisions regarding routing of exhaust, battery placement, which side features the gas filler, shape of wheel skirts, etc.
But they're back to the drawing board anyway. We've all been complaining about how the design is beyond its prime and is in desperate need of a refresh. It'd certainly be refreshing to see an Elio 2.0 unveiled, with more modern styling, the new power train packaged together, all of the reported enhancements and design modifications addressed, and perhaps some modern safety features and creature comforts comparable to what's becoming standard equipment in legitimate passenger vehicles today.
-- annual shareholders meeting should be scheduled for mid-May based on past trends;
-- SEC report for fiscal period ending 12/31/2018 is due for public release in the coming weeks;
-- 60-day grace period instituted by Louisiana Court of Appeals for acquiring necessary recreational vehicle manufacturer/dealer licenses or else pay imposed daily fines is approaching;
-- Patrick Byrne reportedly delayed launch of first coin offerings on his tZero platform until further notice;
-- a cursory perusal of past SEC reports reveals that in the months of March, April, and May of each year is when Paul Elio is faced with the task of renegotiating his way out of paying all of his creditors, either forbearing, deferring, capitalizing, or otherwise restructuring his debt obligations to RACER Trust, CH Capital Lending, Stuart Lichter personally, among others.
At this stage, based on the fact that existing automakers follow a routine redesign and revamp lifecycle with their products in order to keep them modern, desirable and competitive, I'd expect the Elio vehicle to undergo another iteration. The basic design hasn't been touched, as far as we publicly know, for a number of years, save for decisions regarding routing of exhaust, battery placement, which side features the gas filler, shape of wheel skirts, etc.
But they're back to the drawing board anyway. We've all been complaining about how the design is beyond its prime and is in desperate need of a refresh. It'd certainly be refreshing to see an Elio 2.0 unveiled, with more modern styling, the new power train packaged together, all of the reported enhancements and design modifications addressed, and perhaps some modern safety features and creature comforts comparable to what's becoming standard equipment in legitimate passenger vehicles today.