10/23/14 - Elio Passes First Review Phase For Atvm Loan

[BillZ]

good news!

 

[Jay3wheel]

I can't be believe there haven't been any reports in the local news ..

Jim

One would think the local news close to the plant would be all over this. One step closer to jobs for their viewers.

 

[Nate_tx]

This is FANTASTIC NEWS and something we can get a little fired up about.
ok sure still a ways to go - the engine coming along good - I think this news might spike some additional reservations.


HAPPY FRIDAY!
-nate

 

[Jeff Porter]

http://energy.gov/sites/prod/files/2014/05/f16/ATVM-Program-Application-Overview.pdf

Page 9 at the above gives a nice list of "key points of a strong application". :-)

 

[Hightech]

OLD News; just same old same old used to create the smallest sparks

http://www.eliomotors.com/nbc-6-exclusive-look-inside-the-plant/

Last ~15 seconds of the above video; thats dated 3 weeks ago

 

[Hightech]

"During the due diligence phase, DOE performs a detailed examination of the project's technical, financial, legal, and other qualifications and negotiates the terms of the loan with the applicant."

So stage 1 is basically just having it filled out and completed; they are now in "Due Diligence Phase" which is listed above.

 

[Jay3wheel]

Question other than technical, legal and financial what other qualifications are there?

 

[Jay3wheel]

Having done due diligence on corp. mergers, it is not as daunting as it sounds. It is just proving the things that were said in the application are true and accurate. Of course the Gov't will have to be sure that their list of requirements are fulfilled.

 

[Hightech]

I still think phase 1 is mainly just if all the sections of the loan are completed; aka uploading all the documents requested. Phase 2 is when the files are actually opened

 

[BilgeRat]

http://www.thetruthaboutcars.com/20...85-million-dept-energy-atvm-loan/#more-936042