Even if that were the case, just as the original $2M lifeline didn't get Elio Motors any closer to production readiness, neither will another $6M now.
I suspect this unachievable spiral is partly to blame for Elio's inability to garner any notable investor interest with deep pockets. Sure, some...
Having read the full source article from CoinDesk (https://www.coindesk.com/hong-kong-funds-projected-400-million-overstock-investment-ends-with-5-million-close), I don't interpret what's written as any sort of promise or guarantee of a timeline for ElioCoin making it onto tZero's ATS. On the...
There's absolutely no evidence that Elio Motors paid anything. That's the significance of the next annual report, whose contents should spell out all financial details for the period ending December 31, 2018.
Saying that $23 million was due doesn't imply at all that it was paid. What stops Elio...
You must be referring to the photo evidence in the Gallery section of the black E1c parked in the foreground of the Gateway Arch. Those shots weren't as much "testing" as it was a pit stop during a cross-country road trip. If I'm not mistaken, that was originally taken when the Tour Team was...
The calculus behind these recent appearances and subsequent damage repair is head-scratching. Paul Elio, Joel Sheltrown, Stu Lichter, the E1c vehicle, the OH Governor and staff.
The meeting could have been held in secret, but for whatever reason, it was brought to the attention of local TV...
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...
The public sighting of Paul Elio and the black E1c is encouraging, on a very small magnitude.
But think about the realities here -- Elio Motors does not have a factory problem. They've been leasing (correction: deferring lease payments) on a GM automotive production facility in Caddo Parish...
From searching this forum for mentions of 'stock holder meeting' and 'shareholder meeting', it appears past annual meetings took place on or around May 15th each year in Phoenix, AZ. Not sure how many shares of ELIO common stock a person from the general public would have to procure in order to...
May 2019 should bring with it a number of public milestones for Elio Motors:
-- 60-day grace period lapses, after which point the Company faces a daily fine of $5,000 for each day that the Company fails to possess recreational vehicle manufacturer and dealer licenses;
-- the release of their...
Elio Motors lost their appeal against the Louisiana Motor Vehicle Commission, with a ruling handed down on 3/27/2019 reinstating the original fines levied by the Commission.
The only silver lining is that the clock for the 60-day grace period before the company is charged daily fines for not...
Given this discussion topic, I'm curious what options may or may not be presented to those of us who naively opted to lock in our firm non-refundable reservations, agreeing to purchase an Elio if/when that opportunity presented itself. I wonder what provisions might allow for reservationists to...
I'm not sure how long the http://sondors.network/ website has been public or when it was last updated, but I saw a timeline there recently that laid out:
January 2019 -- $15M Series A fundraising
August 2019 -- Network Beta Testing
November 2019 -- Official Launch
TBA -- 750 Vehicles in Los...
If the speculative articles addressing the successful launch of tZero's trading platform last month hold any merit, then 60+ legal entities are waiting in line to go public with an STO, with Elio Motors allegedly being first in the queue.
I would think that implies we would all get to see some...
I'm personally not in the market to buy a new pickup truck, but the Rivian looks like a stellar value proposition if you ask me. Many of the guys I work with have recently purchased new light-duty trucks (Ram 1500, Silverado/Sierra 1500, F150, etc) and the sticker price is comparable with the...
I admit, comparing the design and development processes of the various autocycle competitors is mind-boggling.
We've watched Elio build <5 hand-made prototypes, start down the path of making <5 hand-made E1-series testing vehicles, never able to assemble 18 factory-built E2-series testing...
If it is from a very recent trip, and it's still configured as a RWD with the in-hub motor, then I question the timeline offered up last November when a Facebook post hinted at test drives in North America becoming a possibility in early summer 2019. I really hope progress is being made.
Given...