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What Is Elio Stock Trading For Today?

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Samuel Gompers

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Ty said:
Question here... Could you use Elio stock as a way to trade and pay for things? Let me explain this question a little. Lets say I wanted to pay Made in USA for some carpentry that he did for me and shipped to my house. Could I have him buy Elio shares at some price, say $2 each and then I could put in a buy for $20 each for, say 100 shares? He'd have a sell order in for $20 on his 100 shares. I'd be buying his shares for $2,000 effectively paying him for the secret door bookshelf he carved from a fallen red oak. Of course, he'd have to pay taxes on it but if we were using this stock as an intermediary to conduct some kind of illegal activity, this could be a way to legitimize his earnings.

Just a thought. I'm sure there's some logical reason why this wouldn't work... I don't think I would be buying HIS shares, for instance because I'm sure someone has a "Sell if it gets to $20" thing set up. Anyway, I'm not thinking clear enough. (and, this would probably be illegal anyway)
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LOL, are you suffering from sleep deprivation?

It's simple. Sell your 2000 shares of ELIO, and buy the bookshelf.
 
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Samuel Gompers

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Elio was paying $100-150k for each SEC filing for a while there. There's a lot less work to do now, but the attorneys and accountants would probably still charge $25-50k just for the disclaimers. Since the reports are so far behind, it might well be multiples of that.

Even when it was in compliance, ELIO stock was always "highly risky".
 
Bookly

Bookly

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Ty said:
Lets say I wanted to pay Made in USA for some carpentry that he did for me and shipped to my house. Could I have him buy Elio shares at some price, say $2 each and then I could put in a buy for $20 each for, say 100 shares? He'd have a sell order in for $20 on his 100 shares. I'd be buying his shares for $2,000 effectively paying him for the secret door bookshelf he carved from a fallen red oak.
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It's a brilliant plan. Let's say Paul Elio wants to sell a million shares. You just have to pay for 10,000 bookshelves, and everyone is happy.
 
Made in USA

Made in USA

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Ty, sorry but I don't do commission work. No deal. That being said, eventually somebody will end up with the stock and they must have confidence that the Elio will be made and that eventually the stock would be worth something. At the moment, with no news, Elio Motors is a very risky investment. Too risky for me. If Elio Motors does go bankrupt and the stock becomes worthless, I might be generous and buy stock at $0.000001 each. This would be a total loss to me, but allow whoever sells it to claim losses on their taxes. (You have to sell at a loss to claim the loss). If I was able to purchase all the common shares at that price I would pay a total of $30 for all 30,000,000 shares.
 
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Ty

Ty

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Made in USA said:
Ty, sorry but I don't do commission work. No deal. That being said, eventually somebody will end up with the stock and they must have confidence that the Elio will be made and that eventually the stock would be worth something. At the moment, with no news, Elio Motors is a very risky investment. Too risky for me. If Elio Motors does go bankrupt and the stock becomes worthless, I might be generous and buy stock at $0.000001 each. This would be a total loss to me, but allow whoever sells it to claim losses on their taxes. (You have to sell at a loss to claim the loss). If I was able to purchase all the common shares at that price I would pay a total of $30 for all 30,000,000 shares.
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That really wasn't the point. I actually also build furniture but that isn't the point either. Lets say I needed a "product" from Bob. I can't just pay Bob $1,000,000 for his "product" because there'd be questions about where the money came from. But, if Bob bought 1,000,000 shares of some company for a penny each, he would have spent $10,000 on the stock. If I, then, bought his stock for $1,010,000, it would effectively be paying him the $1,000,000 that I owed him for his "product". Of course, there's no way that his shares would be the only ones I'm buying, it's illegal, and there would be easier ways to do this (isn't this basically what bitcoin is?). But, it was an odd thought exercise for me.
 
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Samuel Gompers

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Travelbuzz1 said:
..There seems to be a lot of trading going on the last two weeks.
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A "lot" only in comparison to days of no trading. A "big" trading day still sees less that $10k in stock trades. More than likely, less than 10 people per day are trading ELIO. It's amusing to watch, but the volume is so insignificant as to be essentially meaningless.

The spread got down under 10 cents for a while, but is still hanging out most of the time in the 25 cent range, which is a very large percentage of a stock hovering around a dollar.
 
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