Anyone Else Think It Wont Happen?

[Cache Man]

I would think if Elio was not going to be made, the first thing they would do is stop working the individual states for the autocycle law. This hasn't slowed and seems that it has increased. They have 15 bills in the works.

As per Facebook: Elio Motors, We have bills lined up and ready to go in about 15 states to help remove any need for a motorcycle endorsement or helmet in an Elio!

They also stated that they are on phase 2 of 3 on the loan.

This doesn't sound like a company giving up.

 

[JEBar]

This doesn't sound like a company giving out.

agree but that can't be said for some understandably frustrated individuals who have who aren't willing to ride it out with out professing that the sky is falling .... whether it may or may not be, only time can tell

 

[goofyone]

I would think if Elio was not going to be made, the first thing they would do is stop working the individual states for the autocycle law. This hasn't slowed and seems that it has increased. They have 15 bills in the works.

As per Facebook: Elio Motors, We have bills lined up and ready to go in about 15 states to help remove any need for a motorcycle endorsement or helmet in an Elio!

They also stated that they are on phase 2 of 3 on the loan.

This doesn't sound like a company giving up.

You are correct, there is no reason for EM to be anywhere close to being ready to give up at this point!

EM has merely encountered a temporary tight money spot however there are several solutions to this already in the works. There is equipment worth millions already available for sale and much more still waiting. There is a private placement underway and the ATVM loan is still working it's way through what we knew would be a fairly long process as previous approvals have taken up to a year to complete. With the extension EM also has the plant secured for nearly another 1.5 years and as long as they can show movement towards production that date can be extended as well. Some people are trying to claim the sky is falling however the truth is that Elio Motors has quite a long way to go before any conclusions can be reached.

 

[Rickb]

You are correct, there is no reason for EM to be anywhere close to being ready to give up at this point!

EM has merely encountered a temporary tight money spot however there are several solutions to this already in the works. There is equipment worth millions already available for sale and much more still waiting. There is a private placement underway and the ATVM loan is still working it's way through what we knew would be a fairly long process as previous approvals have taken up to a year to complete. With the extension EM also has the plant secured for nearly another 1.5 years and as long as they can show movement towards production that date can be extended as well. Some people are trying to claim the sky is falling however the truth is that Elio Motors has quite a long way to go before any conclusions can be reached.

There is certainly no reason to think the sky is falling with plenty of time providing funding sources materialize sooner than later. What I didn't like was Paul Elio's statement regarding the still on track to 2015 production statement at the CES. It leaves a black mark on credibility. As a result I take what they say with some doubt. I am peronally less enthusiastic about the company than I was prior, but support and remain hopeful for funding to materialize so they can move forward.

 

[RUCRAYZE]

There is certainly no reason to think the sky is falling with plenty of time providing funding sources materialize sooner than later. What I didn't like was Paul Elio's statement regarding the still on track to 2015 production statement at the CES. It leaves a black mark on credibility. As a result I take what they say with some doubt. I am peronally less enthusiastic about the company than I was prior, but support and remain hopeful for funding to materialize so they can move forward.

well said, this sums up my position as well
TY

 

[goofyone]

This is where some reservation holder expectations were likely higher than they should have been. While Paul Elio was certainly aware of the official timeline possibly or likely changing soon after CES what he can say publicly about such matters is decided by the company. While Elio Motors is much more transparent than most companies important decisions, such as official timeline changes, are not simply made by Paul Elio but instead they are discussed among the management team to determine the best way to handle things to suit the companies best interests and then approved by the board of directors.

The fact of the matter is that Elio Motors will never tell us everything they have going on as soon as it happens. Instead they will tell us a few things as they happen, they will tell some others things after varying amounts of time, and the vast majority of what happens remains behind the scenes as most of that stuff is boring and/or unimportant. There may also be a few skeletons which are quietly buried along the way but this is just the way life works. Just like everything in life there are trade-offs to every decision made.

Those of us observing will never agree with all the decisions EM makes. We can play armchair quarterback all we want however we do have to realize that we do not have access to most of the information EM uses when making these decisions. We also generally have a completely different point of view as we tend to view things as customers and not as they are viewed by the management of a company who are generally looking at things from a long term point of view. As outside observers we simply have to trust that the Elio Motors team is trying to address things in a manner that is best for the company as this ultimately benefits us as we want them to succeed.

 

[grampi]

I would think if Elio was not going to be made, the first thing they would do is stop working the individual states for the autocycle law. This hasn't slowed and seems that it has increased. They have 15 bills in the works.

As per Facebook: Elio Motors, We have bills lined up and ready to go in about 15 states to help remove any need for a motorcycle endorsement or helmet in an Elio!

They also stated that they are on phase 2 of 3 on the loan.

This doesn't sound like a company giving up.

I think the most telling piece of evidence that Elio intends to see this thing through is the fact that they developed a brand new from-the-ground-up engine...businesses don't go to THIS much trouble if they don't intend to go forth with it...

 

[JEBar]

I think the most telling piece of evidence that Elio intends to see this thing through is the fact that they developed a brand new from-the-ground-up engine...businesses don't go to THIS much trouble if they don't intend to go forth with it...

the purpose of a scam is to put money in the pockets of those running it .... the mega bucks EM has spent on such things like motor development, securing a manufacturing facility, years of nationwide tours, and such indicate to me that they are trying to build a business, not con and run .... as others have mentioned, the folks running the company don't walk on water and being human can/do make mistakes .... their abrupt reversal in reports of their financial viability is hard to understand and in the minds of many long time supporters has created a credibility issue .... for me, I too have questions for which I have no answers .... the reality is about all I can do is wait and see, time will tell .... throwing wild accusations and building conspiracy theories based on supposition serve no purpose

 

[CompTrex]

the purpose of a scam is to put money in the pockets of those running it .... the mega bucks EM has spent on such things like motor development, securing a manufacturing facility, years of nationwide tours, and such indicate to me that they are trying to build a business, not con and run .... as others have mentioned, the folks running the company don't walk on water and being human can/do make mistakes .... their abrupt reversal in reports of their financial viability is hard to understand and in the minds of many long time supporters has created a credibility issue .... for me, I too have questions for which I have no answers .... the reality is about all I can do is wait and see, time will tell .... throwing wild accusations and building conspiracy theories based on supposition serve no purpose

What are your two questions? We can't answer them, but we can wonder as a group.

[EDIT] Oops. Read I too have questions as I have two questions.

 

[Dusty921]

BlioKart said: ↑
As outsiders we really have no idea. You can speculate all you want it doesn't make it true. Even the best and most experienced of people make mistakes and are fallible. I cannot render judgement on something I have no direct involvement on other than my reservation and a desire to see them succeed. We are all on the outside looking in.

Thanks BlioKart for some semblance of reality and sanity.
Every few posts here contain the same reheated hogwash.
Does any of us really know what has or has not transpired in EM's central command?
No you do not!!
Could it be possible that something changed after Paul's ATVM remark?
Yes it could!!
Give it a rest.