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Borrow $240 Mil, Or Borrow Alot Less And Start Out Slow?

eddie66

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I don't know. There have been times when I've blabbed news I thought was good, there were times I held it pretty tight to my chest.
Not the Elio marketing team. If they have anything positive, so do we. In my experince here, when you hear nothing, it is because there is nothing to hear. Just my opinion.
 

John Painter

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I must be blessed, I have both
6bg0t0.jpg
 

Rickb

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I get your point, and had similar thoughts until I listened to Mike Thibodeaux speak. He makes it sound like a wise decision for the Parrish.
http://www.shrevetalk.com/caddo-gop...guest-speaker-mike-thibodeaux-on-elio-motors/
.............and it is if the new startup EM fulfills it's promises, but was a gamble at the time and still is because not much has changed except for an additional delay and an extension granted by the Caddo Parrish Commission who may be more concerned now. I would hope my County Commissioner would have exercised the same concern if spending millions of our public funds. EM was and still is a startup wannabe vehicle manufacturer with a dream and a concept. EM odds of success weren't good then, but sounded better than it does now. Tesla Motors was the last and I hope EM is the next successful startup vehicle manufacturer.
 

outsydthebox

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.......They have already wasted millions in developing the engine, and the additional multi-million dollar costs to bring it up to production quality....

.

I am confused...so, do you think that, (left alone) the engine would have developed itself???
It has been explained (add nauseum) that ....1) NO other engine currently in production, fit the requirements for this unique vehicle. 2) no other engine manufacturer is currently capable of meeting production volume that EM will require. 3) Even "if" point #1 was NOT true, in order to meet production volumes would require building larger facilities, which would need to be paid for by increasing the price of each engine produced. Then, when the initial contract expires, what prevents them from holding EM "hostage" by doubling the price? At that point in time, EM would have (IMO) 3 choices...1) pay the price, 2) start from scratch and design their own engine, or 3) go out of business.
I think you give EM too little credit for their intelligence. ;) :)
 
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