Elio Crowdfunding

[Ekh]

Here's the thing. There is no mystery that EM is a start up. DOE could and would have immediately disallowed the application if that were an absolute barrier. Instead, they have sat on it for almost a year.

The number of paid reservations converts to 290 million in first year sales IF they can get the doors open.

SO EM does have a definite revenue stream, a decent amount of cash (counting the SE money), and a nearly ready to manufacture product.

Nowhere's near as risky as earlier ventures. So it's probably about crunch time. Get those prototypes out on the road and crash tested, and DOE might just say OK.

 

[Ekh]

I agree this is a tough one, but it is
inherently ambiguous. It could mean
that if you get the funds you've applied for that you must be able to
make the payments without any
further (additional) funding. My
guess is that Elio is in the advanced
due diligence phase of the process
& has submitted the required financials, & projections, etc. The
key remains the testing.....

We know they've submitted all required information; DOE ruled the application complete and acceptable last fall (around November). They've probably filed a supplement based on 15,000 additional reservations since the time of the application, and on the SE process plus qualified buyer programs. I don't know what downside revisions they've had to make, if any.

 

[Ekh]

What we do not know, and Elio pretty well has to state clearly in the very near future, is: how much money they actually need to begin production. That number has changed as often as your teenage daughter's hair color, and it needs to be locked down. Soon. Publicly, because it affects any future private placement programs.

Just to explain that, the SE program's next step is for Elio to apply to the SEC for permission to launch an actual fund-raising campaign. Part of the required disclosures will the be level of risk the investor faces. The size of the remaining gap to enter production is a big part of that risk, and it must be acknowledged and accounted for. EM is unlikely to succeed in a campaign if they don't say exactly what they need and when they're likely to need it, at the very least. To justify an investment, investors have to know the chances of a good return and the possible time until such return starts to be generated. I'm not talking sentiment. I'm talking risk assessment for genuine investment -- and that's the standard the SEC will insist Elio live up to.

 

[Bilbo B]

What we do not know, and Elio pretty well has to state clearly in the very near future, is: how much money they actually need to begin production. That number has changed as often as your teenage daughter's hair color, and it needs to be locked down. Soon. Publicly, because it affects any future private placement programs.

Just to explain that, the SE program's next step is for Elio to apply to the SEC for permission to launch an actual fund-raising campaign. Part of the required disclosures will the be level of risk the investor faces. The size of the remaining gap to enter production is a big part of that risk, and it must be acknowledged and accounted for. EM is unlikely to succeed in a campaign if they don't say exactly what they need and when they're likely to need it, at the very least. To justify an investment, investors have to know the chances of a good return and the possible time until such return starts to be generated. I'm not talking sentiment. I'm talking risk assessment for genuine investment -- and that's the standard the SEC will insist Elio live up to.

Getting that information, even if it's under a NDA, is worth the cost of the investment.

 

[John Painter]

People seem to think the mileage somewhere around 81 is a betrayal. It isn't of course; it is a technical goal and we are right now within 3 percent of it.

I think that's absolutely fabulous. I'd be happy as a pig in mud with mileage like that.

Save some of that mud for me bro!

 

[LillyMayPatterson #1685 & #5648]

99%

 

[JEBar]

unless they have to do some major subtracting, it shouldn't be long now ..

 

[LillyMayPatterson #1685 & #5648]

Yeah, Well, there was some funny stuff between 6:00 and 7:30, that might need correction.

 

[Ekh]

367,000 to go

 

[AriLea]

Yes that was a little fast, it may back out a bit by tomorrow, even if later it turns out to be lagit.