• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

When Will Production Begin?

Graemexx

Elio Aficionado
Joined
Apr 1, 2015
Messages
51
Reaction score
39
Location
Toronto
I will not be buying an Elio and do not wish any reservation holders to lose their deposit. So you can dismiss me as a hater if you want. I feel that Paul Elio has no desire to start production of the Elio. The reasons are that of the thirty million he has raised he has spent about $250.000 on mock ups and about $500,000 on an engine. If he used the money towards the car he could have built thousands by now. He wants to raise $30,000,000 and out of it, the directors would keep four million. This is a cash grab that would scare away any potential investors. Some posted that the 4 million would be used for other purposes. If this was true they would not have put this in the prospectus. I think that Comtrex is coming to this realization and I think that John Painter will realize it soon. I hope that I am wrong.
 

NSTG8R

Elio Addict
Joined
Jul 24, 2014
Messages
3,838
Reaction score
10,994
Location
Pacific, MO
I will not be buying an Elio and do not wish any reservation holders to lose their deposit. So you can dismiss me as a hater if you want. I feel that Paul Elio has no desire to start production of the Elio. The reasons are that of the thirty million he has raised he has spent about $250.000 on mock ups and about $500,000 on an engine. If he used the money towards the car he could have built thousands by now. He wants to raise $30,000,000 and out of it, the directors would keep four million. This is a cash grab that would scare away any potential investors. Some posted that the 4 million would be used for other purposes. If this was true they would not have put this in the prospectus. I think that Comtrex is coming to this realization and I think that John Painter will realize it soon. I hope that I am wrong.

o_O...consider yourself dismissed. But not as a hater.
 

Kuda

Elio Addict
Joined
Feb 24, 2014
Messages
2,104
Reaction score
4,750
Location
NC
Please don't feed on #336, dismiss it as starter fluid and let it go. just sayin.
upload_2015-4-1_11-19-23.png
 

bowers baldwin

Elio Addict
Joined
May 2, 2014
Messages
1,890
Reaction score
4,667
I will not be buying an Elio and do not wish any reservation holders to lose their deposit. So you can dismiss me as a hater if you want. I feel that Paul Elio has no desire to start production of the Elio. The reasons are that of the thirty million he has raised he has spent about $250.000 on mock ups and about $500,000 on an engine. If he used the money towards the car he could have built thousands by now. He wants to raise $30,000,000 and out of it, the directors would keep four million. This is a cash grab that would scare away any potential investors. Some posted that the 4 million would be used for other purposes. If this was true they would not have put this in the prospectus. I think that Comtrex is coming to this realization and I think that John Painter will realize it soon. I hope that I am wrong.
And this post will keep us from loosing our "deposit" how?
 
Top Bottom