John Painter
Elio Addict
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I have been an independent business owner for many years and prior to that a securities broker/dealer on Wall Street for EF Hutton. Hiring a company like Corporate Fuel Securities means nothing, they will do feasiblilty studies about going public and/or obtaining funds from outside sources, but very seldom will they (CFS) find the money source. If Elio goes public, it will be individual investors who put up the money and a huge commission for fee will be given to CFS. same thing if they find any outside investors, CFS will get a huge commission or fee.I thought it was rehashing previously released information, but it has clear substance; Elio has hired Corporate Fuel Securities to assist with this phase of fund raising for production. How would one be more direct than that? I do think Elio has had a challenge with putting too much information out that's too specific, that creates in a lot of peoples minds (including mine) an image that something is or isn't happening that has nothing to do with what's actually going on, because one can always go back and prove something was or was not communicated. I'm not sure if that is the corporate culture at Elio, or just the style of their PR team, either way it's problematic.
Think of the Queen of PR fails... Elio is nothing like her.
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I thought it was rehashing previously released information, but it has clear substance; Elio has hired Corporate Fuel Securities to assist with this phase of fund raising for production. How would one be more direct than that? I do think Elio has had a challenge with putting too much information out that's too specific, that creates in a lot of peoples minds (including mine) an image that something is or isn't happening that has nothing to do with what's actually going on, because one can always go back and prove something was or was not communicated. I'm not sure if that is the corporate culture at Elio, or just the style of their PR team, either way it's problematic.
Think of the Queen of PR fails... Elio is nothing like her.
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Good info. Thanks for sharing your expertise.I have been an independent business owner for many years and prior to that a securities broker/dealer on Wall Street for EF Hutton. Hiring a company like Corporate Fuel Securities means nothing, they will do feasiblilty studies about going public and/or obtaining funds from outside sources, but very seldom will they (CFS) find the money source. If Elio goes public, it will be individual investors who put up the money and a huge commission for fee will be given to CFS. same thing if they find any outside investors, CFS will get a huge commission or fee.
At this point, I'm in the "Fool me once, shame on you.", " Fool me twice, shame on me," mode. Still a fan, still all in, but, still feeling mis led by Elio. A month ago, I would have been there with you, but since we were led to believe this company was well on it's way to a 2015 production start, and didn't feel the delay was worth sharing with we supporters, I am having a problem putting any additional effort forward to helping Elio, when it has been made perfectly clear, we are just customers. I put $1000 worth of trust in this person, so I am far from being a naysayer. I will buy one when they start to produce them, and I will renew my excitement when they re-earn the trust I have lost through deception. For now, Paul can go find his own money, just like he found yours and mine. I"ll reserve judgment until I see some of those American jobs we all thought we were helping create, but for now, I don't think I'm ready to sign any petitions. I don't think Elio is a scam, or a hoax, and I don't think Paul Elio intended to deceive us. What he did was make a major error in judgement by not " Keeping us informed, along the way".
One need not be a reservation holder to sign the petition, just anyone who agrees with Elio's vision.
Personally I'm just counting the states where there seems to be support, I think that's interesting. Who knows if it's a dead end this early, 349 and counting.I signed it earlier , I think about 6 or 7, BUT it said we only need ( forgot the number- CRAFT) but way too large to have it approved to be sent forward- it's a dead end
Thanks for that insider perspective. I'm not surprised by anything Wall Street packages up and sells to the highest bidder for a nice profit, even if turns out to be toxic. I do not think Elio Motors is toxic.I have been an independent business owner for many years and prior to that a securities broker/dealer on Wall Street for EF Hutton. Hiring a company like Corporate Fuel Securities means nothing, they will do feasiblilty studies about going public and/or obtaining funds from outside sources, but very seldom will they (CFS) find the money source. If Elio goes public, it will be individual investors who put up the money and a huge commission for fee will be given to CFS. same thing if they find any outside investors, CFS will get a huge commission or fee.