After Job Losses Local Lawmaker Wants Elio Investigation

[Kuda]

"Elio claims progress is being made but also claims he can't give any specific details about that progress without violating SEC rules as a publicly traded company."
http://www.ksla.com/story/35843911/elio-motors-has-another-date-with-louisiana-panel-monday

This Is current: https://www.ktbs.com/news/la-motor-...cle_f71e6a5c-659d-11e7-b0e1-c393b99d01e6.html

 

[Elio Amazed]

This Is current: https://www.ktbs.com/news/la-motor-...cle_f71e6a5c-659d-11e7-b0e1-c393b99d01e6.html

"We wanted to follow the law and protect the customers, but we didn't want to put them out of business by imposing a multimillion-dollar fine, Hightower said."

I think we all know who they're protecting, and it's definitely NOT the customers.

 

[Ty]

So... Elio has 60 days to get licensed and put refundable deposits into a separate account... Haven't they already put refundable deposits into a separate account? And another question - the commission was going after a fine of $7.5M. $7.5M! How many reservations were actually IN Louisiana, anyway? 10,000? That'd be a fine of $75,000 per car! I'm glad that at least the commission relented when it realized $7.5M was a bit much. $545,000 is much better but is still $54 per car.

 

[RUCRAYZE]

So... Elio has 60 days to get licensed and put refundable deposits into a separate account... Haven't they already put refundable deposits into a separate account? And another question - the commission was going after a fine of $7.5M. $7.5M! How many reservations were actually IN Louisiana, anyway? 10,000? That'd be a fine of $75,000 per car! I'm glad that at least the commission relented when it realized $7.5M was a bit much. $545,000 is much better but is still $54 per car.

As far as anyone knows, yes the reservation $ for want-ins, is secure. (But like everything else, until I was to see the account it's B.S.)
If it's part of the filing, that would make it solid.

 

[wizard of ahs]

So... Elio has 60 days to get licensed and put refundable deposits into a separate account... Haven't they already put refundable deposits into a separate account? And another question - the commission was going after a fine of $7.5M. $7.5M! How many reservations were actually IN Louisiana, anyway? 10,000? That'd be a fine of $75,000 per car! I'm glad that at least the commission relented when it realized $7.5M was a bit much. $545,000 is much better but is still $54 per car.

Yes, those funds are ALREADY IN AN ESCROW ACCOUNT !!!