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Borrow $240 Mil, Or Borrow Alot Less And Start Out Slow?
- Thread starter ozarkbugg
- Start date
Does Paul Elio assume that one of the funding options will materialize in time for the assumed 2016 Deadline?
WilliamH
Elio Addict
Taken from Caddo Parrish Meeting
I bet they have had more than one.
And who is "she". I can guess, but why not tell me.
WilliamH
Elio Addict
No idea what Paul Elio assumes. I can't read his mind.
I added the dates in the original post.
I posted official commission meeting minutes Elio statements made to all the commissioners regarding equipment costs period. I don't give a rats butt about the commissioners in general. Feel free to read the entire Meeting minutes as it's official public record.
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We have to assume Paul Elio assumes funding will materialize or he has no project.
There appears to be some confusion going on as to what amount of funding EM is seeking at the moment. EM is NOT actively trying to find $200+ million from private investors right now. Instead, as Paul Elio has explained on video several times recently, EM is currently only seeking $30 million which is mostly intended to build approximately 25 pre-production prototypes (E-series) and 31 engines which they will use to complete the vehicle and engine development and testing process which will result in EM having a fully engineered and tested vehicle ready for production.
It is likely that at some point during this final testing cycle EM will seek another round of funding however as of yet we do not know what amount is intended for that step out of the $200 or so million EM has told us they need to for this project total. It is also not clear how much, if any, of that amount is intended for additional steps beyond production setup such as rolling out retail sales which will require funding for a mass marketing campaign, setting up the distribution network, and setting up and staffing the retail stores.
It is likely that at some point during this final testing cycle EM will seek another round of funding however as of yet we do not know what amount is intended for that step out of the $200 or so million EM has told us they need to for this project total. It is also not clear how much, if any, of that amount is intended for additional steps beyond production setup such as rolling out retail sales which will require funding for a mass marketing campaign, setting up the distribution network, and setting up and staffing the retail stores.
eddie66
Elio Addict
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Go to the search box on this web page, pick a year and type in elio motors in the search box.
you can download the minutes, or watch a video on the actual meeting, by clicking on the little tv icon.
http://www.caddo.org/agendacent
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eliothegreat
Elio Addict
Thanks. That was the information that I was remembering, even though I had the payment times and amounts wrong.