After Job Losses Local Lawmaker Wants Elio Investigation

[W. WIllie]

Seems he didn't say anything BAD about ElIo.

 

[Elio Amazed]

Seems he didn't say anything BAD about ElIo.

No, but I will. What Paul is talking about is ancient history. EM did not have the money to even begin to tool the freaking plant, much less move in.
And they still don't. I'm very disappointed in Paul Elio for insinuating such nonsense in an effort to divert attention and lay blame elsewhere.
Think about it. Even inferring that someone else caused EM a six month delay in moving into the plant? Are you freaking serious?
EM still doesn't have the funds or even a true production-ready prototype to base the tooling on! OMG. This is crap.

And, as far as the article and the reporter...

"Pierson also tells KEEL listeners what he know about rumors that auto manufacturer Range Rover was set to move into the plant,
a move that was squashed, some say, by Caddo Parish’s previous deal with Elio."

What Caddo Parish deal with Elio?

And just what current "negotiations" is Pierson talking about? The LED has no current leverage or agreement with anyone involved in this.

Just how stupid do both sides in this think we actually are? Besides the fact that the article has a glaring typo...

I'M TIRED OF SAYING THIS AND I'M ONLY GOING TO SAY IT ONE LAST TIME..

CADDO PARISH / IDB HAVE NEVER HAD, NOR DO THEY NOW HAVE, ANY DIRECT "DEAL" OR "DEALS" WHAT-SO-EVER WITH EM.

Even the parish Commissioners publicly agree with that.

And Stu and his SBP/IRG can basically do whatever they want (or they can choose to do nothing) with that property until Dec. 2018 with impunity.

That said, from now on, I'm going to let people spread all the misinformation that they want. It took a lot, but now I'm pissed.

I've been hanging in there through all of this, but Paul just blew his credibility with me 100%.
I told you that he never should have met with these people. This is absolutely sicking.
I'm going to have to go take a bath to wash the crud off after all this.

IMO, Paul Elio just shot a hole in his leaking rubber raft.
Concerning everyone involved in this (or claiming to be involved in this)...
This even tops politics. I haven't seen behavior like this since I was in elementary school.

 

[Elio Amazed]

July 1st 2017 is going to be a very significant date.
If EM cannot renegotiate/extend it's equipment agreement with RACER, and Stu doesn't open his piggy bank once again...
$7.5M in fines will be due. $7.5M that EM does not currently have.

Think about that amount in the context that it took new legislation and just about moving heaven and earth...
for EM to raise $17M that was $8M short of the $25M they had hoped to raise in the A+ offering.
And we saw what... Five incomplete E-series vehicles produced?

Seems to me that a whole lot of this project, and consequently your stock, is riding squarely on Stu's shoulders at this point.

Please don't talk about the mysterious SEC rules and the ever-imminent top-secret nine-figure investors anymore.
My sides already hurt and my BS meter pegged a long time ago.

 

[Samalross]

If Mr Don Pierson established a 6 month right to negotiate for the GM plant to another potential Customer some time in the past, well, that is indeed a delay as to the securing the plant facility to Elio's future. That's all Mr Elio mentioned or said. The lady announcer on this station is the only person needing thrown under the bus. Gimee a break. Will you?

He did not mention that for Elio to leave it would cost $180 Million (think that was the price) to find Elio a replacement building.

 

[raptor213]

July 1st 2017 is going to be a very significant date.
If EM cannot renegotiate/extend it's equipment agreement with RACER, and Stu doesn't open his piggy bank once again...
$7.5M in fines will be due. $7.5M that EM does not currently have.

Think about that amount in the context that it took new legislation and just about moving heaven and earth...
for EM to raise $17M that was $8M short of the $25M they had hoped to raise in the A+ offering.
And we saw what... Five incomplete E-series vehicles produced?

Seems to me that a whole lot of this project, and consequently your stock, is riding squarely on Stu's shoulders at this point.

Please don't talk about the mysterious SEC rules and the ever-imminent top-secret nine-figure investors anymore.
My sides already hurt and my BS meter pegged a long time ago.

I have to agree with Elio Amazed on this unfortunate yet palpable reality check.

Stu Lichter principally, along with other Board Directors and company chief officers, has/have kept Elio Motors financially afloat and solvent over the years by way of a few hundred thousand dollars here and there that have accumulated to large sums in the millions of dollars. But even the deep pockets of Stu Lichter, I'm afraid, aren't going to be enough to pony up the $7.5M needed to cover the contractual fine levied to RACER Trust. And if I were Stu Lichter, it'd be a painstakingly tough business argument to justify or rationalize providing such a large sum of money, knowing full well that it gets Elio Motors not even one cent closer to igniting its 76-week proposed production timetable. It's salt in the wound when amputation has already been called for.

That same difficulty or inability to rationalize writing a $7.5M check just for Paul to sign it over to RACER Trust and be no closer to production is what's going to unfortunately keep other deep-pocketed investor types harbored to the sidelines for a while. I would be ecstatic as the next guy should Elio Motors acquire the funding that they need, but I honestly don't foresee any help coming until the smoke clears and the dust settles in mid-July. Until then, we wait.

If you take Elio Motors' revised 76-week timeline to production (from receiving a minimum of $33M to initiate early phases to completion of S1/S2 pre-production vehicles and first consumer-ready production car), and have it end on 12/31/2018 so that Paul Elio could literally and legitimately stick to his word on the most recent production start date of Q4 2018, guess where that 76-week timeline would begin? Mid-July 2017.

 

[3wheelin]

No, but I will. What Paul is talking about is ancient history. EM did not have the money to even begin to tool the freaking plant, much less move in.
And they still don't. I'm very disappointed in Paul Elio for insinuating such nonsense in an effort to divert attention and lay blame elsewhere.
Think about it. Even inferring that someone else caused EM a six month delay in moving into the plant? Are you freaking serious?
EM still doesn't have the funds or even a true production-ready prototype to base the tooling on! OMG. This is crap.

And, as far as the article and the reporter...

"Pierson also tells KEEL listeners what he know about rumors that auto manufacturer Range Rover was set to move into the plant,
a move that was squashed, some say, by Caddo Parish’s previous deal with Elio."

What Caddo Parish deal with Elio?

And just what current "negotiations" is Pierson talking about? The LED has no current leverage or agreement with anyone involved in this.

Just how stupid do both sides in this think we actually are? Besides the fact that the article has a glaring typo...

I'M TIRED OF SAYING THIS AND I'M ONLY GOING TO SAY IT ONE LAST TIME..

CADDO PARISH / IDB HAVE NEVER HAD, NOR DO THEY NOW HAVE, ANY DIRECT "DEAL" OR "DEALS" WHAT-SO-EVER WITH EM.

Even the parish Commissioners publicly agree with that.

And Stu and his SBP/IRG can basically do whatever they want (or they can choose to do nothing) with that property until Dec. 2018 with impunity.

That said, from now on, I'm going to let people spread all the misinformation that they want. It took a lot, but now I'm pissed.

I've been hanging in there through all of this, but Paul just blew his credibility with me 100%.
I told you that he never should have met with these people. This is absolutely sicking.
I'm going to have to go take a bath to wash the crud off after all this.

IMO, Paul Elio just shot a hole in his leaking rubber raft.
Concerning everyone involved in this (or claiming to be involved in this)...
This even tops politics. I haven't seen behavior like this since I was in elementary school.

Really good EA. And it's also good you got it out of your chest!

 

[3wheelin]

July 1st 2017 is going to be a very significant date.
If EM cannot renegotiate/extend it's equipment agreement with RACER, and Stu doesn't open his piggy bank once again...
$7.5M in fines will be due. $7.5M that EM does not currently have.

Think about that amount in the context that it took new legislation and just about moving heaven and earth...
for EM to raise $17M that was $8M short of the $25M they had hoped to raise in the A+ offering.
And we saw what... Five incomplete E-series vehicles produced?

Seems to me that a whole lot of this project, and consequently your stock, is riding squarely on Stu's shoulders at this point.

Please don't talk about the mysterious SEC rules and the ever-imminent top-secret nine-figure investors anymore.
My sides already hurt and my BS meter pegged a long time ago.

....now walk and get some air!

 

[3wheelin]

For all the money that EM raised and from all the reservations, I still can't figure out how a "simple, no new technology 3wheeler (EM's own claim) can blow all that money and never quite get there to come up w/ a production ready unit for investors to decide on. Even the brand new engine they claimed is specific to ELIO to reach their mpg goal never showed it's true glory...or failure because it didn't get a chance to be tested in a production ready unit! I get it that employees needs to be paid including PE's salary, after all, he started this whole dream of a project that's turning into a nightmare but in the end, his claim of half a car, half the price just got us all excited BUT not to the investors that thinks it does not make business sense to sell the units for a measly 7K and make any kind of money for everybody. Forget that fact that EM motor is seating on a potential 455mil from the 65K plus reservations....it's all unrealized potential profit when we take to account the 376mil they now need to get to production. Glass half empty??? We're way beyond bullshit now and like the saying...bullshit walks. And hiding behind SEC ruling what PE can say or can't just makes me laugh, because commitment to his project will just get him halfway, commitment to actually infuse funding from the investors is the key to get it done. But in the end, he's still running the show, I think, and if he's got aces up his sleeves, waiting for something....only he knows. Just my 2 cents worth.

 

[Samalross]

He did not mention that for Elio to leave it would cost $180 Million (think that was the price) to find Elio a replacement building.

Just checked, Lichter wanted 200 million from Range Rover to get Elio to move out.

 

[Samalross]

For all the money that EM raised and from all the reservations, I still can't figure out how a "simple, no new technology 3wheeler (EM's own claim) can blow all that money and never quite get there to come up w/ a production ready unit for investors to decide on. Even the brand new engine they claimed is specific to ELIO to reach their mpg goal never showed it's true glory...or failure because it didn't get a chance to be tested in a production ready unit! I get it that employees needs to be paid including PE's salary, after all, he started this whole dream of a project that's turning into a nightmare but in the end, his claim of half a car, half the price just got us all excited BUT not to the investors that thinks it does not make business sense to sell the units for a measly 7K and make any kind of money for everybody. Forget that fact that EM motor is seating on a potential 455mil from the 65K plus reservations....it's all unrealized potential profit when we take to account the 376mil they now need to get to production. Glass half empty??? We're way beyond bullshit now and like the saying...bullshit walks. And hiding behind SEC ruling what PE can say or can't just makes me laugh, because commitment to his project will just get him halfway, commitment to actually infuse funding from the investors is the key to get it done. But in the end, he's still running the show, I think, and if he's got aces up his sleeves, waiting for something....only he knows. Just my 2 cents worth.

I think Lichter is the brains, Elio is the face of the company. Could be wrong.