Where Do You Stand Now?

[JEBar]

I have a question for everyone, and this may be answered somewhere else. What happened to the statement made by EM that funding was lined up to get them to production, even if the ATVM loan doesn't come through? I thought we were told that with or without the loan, the funding was available from private investors. No sense in the private investors coming forward before the loan outcome happens, we had decided here on the forum.

Now that the delay is announced for production to 1st half 2016, the general statement from those of us on the forum, is that it's less than 50% chance that the private funding will come thru, which a week ago was 80-90%. Help me sort all of this out.

the bottom line is, nobody outside of EM knows .... one group (without any proof) believes that it wasn't true all along .... another group (without any proof) believes that something must have changed, example an investor pulling out .... to me it is a point that Paul needs to address

 

[Karg]

I think they should consider alternate means of obtaining the 240M, like an IPO. I'd be happy to invest my wife's hard earned money in that.

 

[Dusty921]

Thanks G1 for the continual supply of factual information.
You're a good man and have the patience of Jobe.
All of the Moderators are dedicated and intelligent folks with a basic belief in Elio and contribute way beyond their responsibilities.

Being relatively new to Elio and this blog, August 2014, I have observed, studied and participated with a lot of personal enjoyment and made what I hope is some long term associations. The predominance of the people here represent a great deal of knowledge and experience. For your contributions I will always be personally grateful. I've gained a ton of knowledge that I will use the rest of my life.

To those who have chosen another way to be a part of this media by detracting and pessimistic displays, your contributions are predictable, but unnecessary in the overall scheme of things. Elio will either succeed or fail, while nothing you do, will be remembered beyond the slight annoyance you created. You will quietly slither back under your rock without fanfare and, eventually, be forgotten. You will not dull or sully the experience the rest of us have as a piece of history is written. Our "Ignore" button is a wondrous and powerful tool.

We will stay the course and wait patiently.

 

[CompTrex]

Thanks G1 for the continual supply of factual information.
You're a good man and have the patience of Jobe.
All of the Moderators are dedicated and intelligent folks with a basic belief in Elio and contribute way beyond their responsibilities.

Being relatively new to Elio and this blog, August 2014, I have observed, studied and participated with a lot of personal enjoyment and made what I hope is some long term associations. The predominance of the people here represent a great deal of knowledge and experience. For your contributions I will always be personally grateful. I've gained a ton of knowledge that I will use the rest of my life.

To those who have chosen another way to be a part of this media by detracting and pessimistic displays, your contributions are predictable, but unnecessary in the overall scheme of things. Elio will either succeed or fail, while nothing you do, will be remembered beyond the slight annoyance you created. You will quietly slither back under your rock without fanfare and, eventually, be forgotten. You will not dull or sully the experience the rest of us have as a piece of history is written. Our "Ignore" button is a wondrous and powerful tool.

We will stay the course and wait patiently.

Deja vu!

 

[Norahsbed]

I think they should consider alternate means of obtaining the 240M, like an IPO. I'd be happy to invest my wife's hard earned money in that.

Ditto! But I have to ask her first!

 

[JEBar]

Deja vu!

all over again ..

 

[Kuda]

Snipped: In the mean time we'll enjoy the lower gas prices, nice weather (62 here today) and this forum!

 

[DanS]

the bottom line is, nobody outside of EM knows .... one group (without any proof) believes that it wasn't true all along .... another group (without any proof) believes that something must have changed, example an investor pulling out .... to me it is a point that Paul needs to address

I have one more "Guess" What if the ATVM loan approval is taking longer than expected. He wants to give it as much time as possible because it is more financially profitable for the company and it's investors. He may still have all the private investors onboard as a backup plan but it has been said before that going with them is more costly. To me it would make sense to wait until the ATVM process has completed, if it is rejected then he can go to his backup plan.

It's all a matter of Risk vs. Reward.

Possible Conversation:
Do we bail on the ATVM loan process and move forward to meet our projected date of 4th quarter 2015 with private funding, or do we wait the process out and risk public rhetoric? Could we possibly buffer that with the release of positive information about the progress being made?

What decision would you make it if were your company? If it were mine I would have made the same decision they did, push projected production date back and wait on the approval of the ATVM loan. The risk is worth the reward. I am sure it had to be voted on by all the key players in that meeting.

 

[DanS]

I have one more "Guess" What if the ATVM loan approval is taking longer than expected. He wants to give it as much time as possible because it is more financially profitable for the company and it's investors. He may still have all the private investors onboard as a backup plan but it has been said before that going with them is more costly. To me it would make sense to wait until the ATVM process has completed, if it is rejected then he can go to his backup plan.

It's all a matter of Risk vs. Reward.

Possible Conversation:
Do we bail on the ATVM loan process and move forward to meet our projected date of 4th quarter 2015 with private funding, or do we wait the process out and risk public rhetoric? Could we possibly buffer that with the release of positive information about the progress being made?

What decision would you make it if were your company? If it were mine I would have made the same decision they did, push projected production date back and wait on the approval of the ATVM loan. The risk is worth the reward. I am sure it had to be voted on by all the key players in that meeting.

Of course this is all just pure conjecture.

 

[Chris F]

I have one more "Guess" What if the ATVM loan approval is taking longer than expected. He wants to give it as much time as possible because it is more financially profitable for the company and it's investors. He may still have all the private investors onboard as a backup plan but it has been said before that going with them is more costly. To me it would make sense to wait until the ATVM process has completed, if it is rejected then he can go to his backup plan.

It's all a matter of Risk vs. Reward.

Possible Conversation:
Do we bail on the ATVM loan process and move forward to meet our projected date of 4th quarter 2015 with private funding, or do we wait the process out and risk public rhetoric? Could we possibly buffer that with the release of positive information about the progress being made?

What decision would you make it if were your company? If it were mine I would have made the same decision they did, push projected production date back and wait on the approval of the ATVM loan. The risk is worth the reward. I am sure it had to be voted on by all the key players in that meeting.

In a start-up, you pursue ALL avenues of funding at the same time, and the first money in gets the deal.