Elio Crowdfunding

[Ekh]

Yes, I certainly understand. From a pure financial standpoint, which is always on the basis of being mirco-focused on self interest, there are other things that are more opportune. This one would not be attractive based on unknown risks.

It is the very reason that the car has not existed before. Of course this kind of in-the-box thinking is not what drove the first Ford model for the masses. There was no prospectus that made that a reasonable risk at the time. Most great adventures are like that.

There are many many things that require an emotional personal involvement before it 'makes sense'. For example, this issue of saving more money than the car costs. It was never discovered until highly interested people took a deep enough look at it. With out that interest, there was no reason to analyze it that deeply. The price of the car at 6800, could only be discovered by 'prejudiced thinking' that it IS possible.

When this takes hold, I'm going to be soooo much happier than having lived a risk free, uneventful and unemotional life.

As one who has had an EXTREMELY colorful life so far, I'm with you ... but risk is one thing and some basic level of prudence another. I'm not at my age going to go cave-diving any time soon just because I think it would be fun.

 

[AriLea]

I think it really needs to exceed 50m in interest before 50m is viable. Also the toll-weeding needs to be more reliable.
I'd say more like 40days, plus some P5 progress released, and if interesting, that would about do it. That WILL happen before the 'prospectus' is distributed.

Look, at say 14000 reservations(if that can happen), that's only $3600 each. Given that some number of current non-troll parties are willing to up their bet, then a total reserved amount of 110% or 55mil makes this seem fairly possible.

But this is all academic. I'm not that sure EM wants to acquire a full 50m from this venue, or may not want to depend on it from a PR standpoint. They will set their amount based on two things, how this goes in the short term(amount reached), and the integrity of the actual population.

 

[Bilbo B]

Poll.
Could EM raise $50mil if they left it up another month?

Depends upon what comes out of the 'Final' Supplier Summit (this week? next week?) and if/when the P5 makes an appearance. Get the P5 on the road with the Elio drive train and some fence sitters will jump over.

 

[AriLea]

One thing I have to agree with, we don't really know how reliable the population of reservationists actually is. I can only imagine what methods they will use to assess that. But you can bet they are working on that with energy and interest.

And to tell the truth, I sometimes think this A+ funding has a primary purpose of encouraging 506c funding. Oh yes, plus it might pay for the test mules.

 

[AJ Maxey]

EMC has been awwwwfully quite since we hit the $25M goal lol. I keep lurking their page to check out their next pathetic swing at EM.

 

[AriLea]

EMC has been awwwwfully quite since we hit the $25M goal lol. I keep lurking their page to check out their next pathetic swing at EM.

Look no further than here for fuel to feed the fire! :-) We do present some ideas!

 

[bowers baldwin]

 

[Art Vandalay]

John, that's an excellent question. My doubts about the validity of the latter-day "investors" (to coin a term; I fear they're definitely not saints) stems in part from having been through one very disruptive series of troll attacks already. If we're not dealing with trolls, and the ES campaign has "gone viral" amongst web-oriented folks, when a sober-sided account of the risks is presented -- which Elio must certainly do to comply with SEC regs -- I suspect a higher drop out rate from these latter-day-punters than from the pre-goal crowd (trolls excluded). This is long-winded way of saying I'm concerned about the quality of the "expressions of interest" that are coming in so briskly just now.

I don't want to see people playing in this pool because they can't afford it or don't understand the risks involved. I also don't want to see people signing up who have no intention of actually writing checks. Both classes hurt EM in the long run. Accordingly, I think I'd give it another week or two, declare a victory, and leave. The actual solicitation can be for more (or less) than the face value of the SE test-the-waters campaign. Also, if I were EM, I'd want to get cracking on the formal pitch to the SEC sooner rather than later ... and ask for more in the formal solicitation based on the success of this partial one. They can only do $50 million per campaign, and only one campaign per year. tick-tick-tick-tick.

e

I heard PE say in an interview that each prototype would cost somewhere around $750,000. If they plan on building 25 prototypes, that's only $18.75 million. It's possible that the $25 million goal included a considerable pad for those investors whose enthusiasm outpaced their availability of funds.

 

[JEBar]

Poll.
Could EM raise $50mil if they left it up another month?

much depends on news released within the next couple of weeks .... the P5 hitting the road with a corresponding media blitz, I believe they could

 

[bowers baldwin]