Elio Crowdfunding

[AJ Maxey]

8:00CT lost 17 reservations but gained $1500? Lol okay.

 

[Chris F]

Just had a taste of 92% a moment ago at 22,901,000, then backed out a minute later. Ouch, but NP.
91% Reserved $22,843,349 indications of interest received so far 6079
But the indications never go down. I'm sure the -gaming- skills on both sides has been upped ( bogus vs admins ). All said and done, I don't think the SEC A+ requires an exact 25m, just a reasonable evidence of public interest, and yea maybe also believable list of investors. I think SE can provide that even now.
Anyway the -game- does play onward.

The rules don't require any interest. The $25M is determined by the company. The SEC rules allow a company to get the public indications of interest before they file with the SEC. That's one of the new features in this rule. Under prior rules, you had to go to the expense of filing with the SEC before you knew if anyone would buy.

 

[Ekh]

The rules don't require any interest. The $25M is determined by the company. The SEC rules allow a company to get the public indications of interest before they file with the SEC. That's one of the new features in this rule. Under prior rules, you had to go to the expense of filing with the SEC before you knew if anyone would buy.

Thanks, Chris, that's clear and helpful. To my mind, success in this very public campaign drives towards Elio's credibility, not just with Reg A+ investors, but with sec 506 and other private placement investors as well. A positive bandwagon helps, but doubt ridden, questionable, sputtering campaigns really do take the gloss off the apple.

When the dust has settled, I'm sure the SEC will be impressed -- but will the DOE? They're the gorilla in the room, and the better Elio looks and the wider its backing, the better the chances they'll approve the ATVM loan guarantee.

 

[JEBar]

a question : there are 2 ways (that I know of) for average folks to help fund EM .... the one that has been around a while is through making a reservation .... the second, crowd funding, will hopefully be approved soon .... so the question, which is the best way for a person to go

some thoughts - if a person wants an investment and doesn't want or isn't sure if they want an Elio, their best way to go would be crowd funding ??? .... if they want an Elio, wouldn't they be better off to up their reservation to $1,000 All In before putting a penny into crowd funding .... the theory being, doing so yields a 50% gain .... after the first thousand, crowd funding presents the only opportunity to invest

 

[AriLea]

a question : there are 2 ways (that I know of) for average folks to help fund EM .... the one that has been around a while is through making a reservation .... the second, crowd funding, will hopefully be approved soon .... so the question, which is the best way for a person to go

some thoughts - if a person wants an investment and doesn't want or isn't sure if they want an Elio, their best way to go would be crowd funding ??? .... if they want an Elio, wouldn't they be better off to up their reservation to $1,000 All In before putting a penny into crowd funding .... the theory being, doing so yields a 50% gain .... after the first thousand, crowd funding presents the only opportunity to invest

I would guess that since there are nearly 45k reservations, and while that 25m isn't fully reserved, then the A+ investment. After that getting your full 1k res in helps. And after that, it's the other funding types.

Basically what ever gets the P5 out then the next 24 P's paid for, that's the best help.

 

[Ekh]

a question : there are 2 ways (that I know of) for average folks to help fund EM .... the one that has been around a while is through making a reservation .... the second, crowd funding, will hopefully be approved soon .... so the question, which is the best way for a person to go

some thoughts - if a person wants an investment and doesn't want or isn't sure if they want an Elio, their best way to go would be crowd funding ??? .... if they want an Elio, wouldn't they be better off to up their reservation to $1,000 All In before putting a penny into crowd funding .... the theory being, doing so yields a 50% gain .... after the first thousand, crowd funding presents the only opportunity to invest

Yes, from a self-interest point of view, if you want an Elio and to support the company, maxing out your reservation is the way to go. But buying into the company makes a different kind of statement. Looked at another way, if 6,000 people reserved a car at 1,000 each, that's 6 million bucks for Elio. But if 6,000 people actually invest at amounts over 1,000 -- well, right now, that looks like $21 million for Elio -- with correspondingly greater risk for the investor.

But sometimes it just feels good to get in on what may prove to be the ground floor and immensely profitable 10 years from now.

 

[JEBar]

Yes, from a self-interest point of view, if you want an Elio and to support the company, maxing out your reservation is the way to go. But buying into the company makes a different kind of statement. Looked at another way, if 6,000 people reserved a car at 1,000 each, that's 6 million bucks for Elio. But if 6,000 people actually invest at amounts over 1,000 -- well, right now, that looks like $21 million for Elio -- with correspondingly greater risk for the investor.

But sometimes it just feels good to get in on what may prove to be the ground floor and immensely profitable 10 years from now.

understood on all fronts .... I don't see it as an either/or .... people should go whatever way they feel is best .... self-interest most certainly but in my way of thinking, with the first thousand the smarter way for us to go would be to maximize our reservation and then pump any additional money we may wish to use in supporting EM into the crowd funding program

 

[Ekh]

More bullsh*t with the campaign.

1:02 PM 7/20
$23,455,399

6134 participants

So, theoretically, in the last duple of hours, 9 people have signed up for $476,800, which is ridiculous. Possible, but absurd. When is SE going to get a handle on this crap and STOP IT?

 

[AJ Maxey]

 

[AJ Maxey]

Wait I can't even access SE on mobile right now. They disabled it temporarily I assume while they fix the false reservations?

EDIT: Got it working