Ekh
Elio Addict
Nah, it's just a big round number!
-
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.
Ekh
Elio Addict
I don't know about you guys, but these letters from Elio to go out and hustle their stock bother me. While I can and do tout the Elio to everyone who will listen, I do not feel I can recommend an investment in Elio motors to people who do not have plenty of "play money" in the bank. It is too risky an investment. I'm going in for a modest amount primarily out of loyalty, but I view that money as being on par with playing roulette -- about the same odds of winning.
A number of my friends are too old and too restricted financially for me to encourage them to spend money this way. On the other hand, these same friends tend to get very excited about the car, and THAT I encourage whole heartedly. So EM puts me in an uncomfortable position with these letters urging us to create mailing lists, etc. They don't need to do it that way, and they shouldn't.
Others of you may disagree, I expect that. But there is an issue of conscience here, and mine is bothered by EM's request. The cars are one thing, and stock is another.
A number of my friends are too old and too restricted financially for me to encourage them to spend money this way. On the other hand, these same friends tend to get very excited about the car, and THAT I encourage whole heartedly. So EM puts me in an uncomfortable position with these letters urging us to create mailing lists, etc. They don't need to do it that way, and they shouldn't.
Others of you may disagree, I expect that. But there is an issue of conscience here, and mine is bothered by EM's request. The cars are one thing, and stock is another.
Last edited:
CompTrex
Elio Addict
CompTrex
Elio Addict
Huh. I have that one, but no email.
quote below from an email received this morning from EM :
"Also, in the very near future, Elio Motors will file with the Securities and Exchange Commission (SEC) for authorization to offer a formal investment in the company. But that doesn’t mean the time to express interest is over. There is still time for someone you know to show interest in becoming an investor in Elio Motors through this Regulation A+ investment opportunity. That is, up until we receive authorization from the SEC to proceed with our offering. Once that occurs, the opportunity to express interest will come to a close."
so you have access to the info, the entire email is posted below :
"August 12, 2015
Hello Jim,
The reason you are receiving this letter, and will be receiving others like it in the future, is to keep you well-informed of the momentum that continues to build for Elio Motors. To date, our innovative crowdfunding campaign has commanded the attention of more than 7,700 supporters who expressed non-binding interest in investing more than $28 million in Elio Motors’ revolutionary concept. We’re thrilled that so many people like you are committed to changing the way America looks at transportation.
This week, we are holding a Supplier Summit to help us take one step closer to production. Designers and engineers from our world-class network of suppliers will put the finishing touches on designs for engineering prototypes that will eventually become the E1 through E25. These vehicles will be funded by money raised in the crowdfunding initiative that you have already expressed an interest in supporting and will be used for a variety of testing and validation purposes. It’s a critical step in our development.
Also, in the very near future, Elio Motors will file with the Securities and Exchange Commission (SEC) for authorization to offer a formal investment in the company. But that doesn’t mean the time to express interest is over. There is still time for someone you know to show interest in becoming an investor in Elio Motors through this Regulation A+ investment opportunity. That is, up until we receive authorization from the SEC to proceed with our offering. Once that occurs, the opportunity to express interest will come to a close.
Anyone still interested in expressing a non-binding indication of interest in becoming an Elio Motors’ investor can go to our crowdfunding website. In addition, please continue to share this opportunity by:
1. Creating a list of people you know and who might be interested in becoming a part of this movement and unique investment opportunity.
2. Reach out to them with this link www.eliomotors.com/equity. Send them an email, find them on Twitter, post on their Facebook wall.
3. Introduce them to Elio Motors, the company, by sharing the Alter the Course video.
4. Share the video clip of Paul Elio's most recent interview with The Motley Fool <click here> to learn more about Paul and also the purpose of this project.
5. Consider increasing your expressed interest of shares.
Thank you for being a part of the Elio Motors family and for your help with keeping the momentum going.
The Elio Motors Team"
CompTrex
Elio Addict
Thanks Jim!
given that it is a marketing piece, to me the news found within is the statement about when the ability to take part in Crowd Funding will end (post 1966)
Ty
Elio Addict
Anybody else notice they are only closing the opportunity to "express interest"? Others will be able to buy stock, apparently. There is a legal limit to the TOTAL stock they can sell. What happens if the first people who actually buy stock increase their stake to the highest legal amount (is there a max?)? Will that put the rest of us out on the street?
Say if Elon Musk or someone with that kind of cash comes in and is the first person to buy stock but he buys $50,000,000 worth of it (the legal limit for Elio). Does that mean the rest of us are out of luck? Yes, it does. What keeps that from happening? Another instance, not as extreme but more likely...
Goofyone decides to double what he expressed as interest... If everyone did a little more, eventually, we'd hit the cap and someone would be out of luck.
I suppose the take away is this: When available to purchase stock, do NOT delay. Sure, there will be some who back out but I'll bet the number who increase their interest are greater in number...