Elio Crowdfunding

[Chris F]

Got a question for Chris F, please. Since Start Engine can continue the 'water test' and the practice filing and the filing at the same time. We might not be privy to know when they actual file, they might have already, right? Oh, I hope so.
And since we were not privy to knowing how much was raise from the credited investor, we might also not be privy to knowing how much is raised with this phase neither, right? Or do they have to devolve that to us in the IPO and in the periodical mandatory reports to us,as stock holders?
I am thankful you and EHK are on this forum too.

Under the rules, as a first-time filer, they can do a non-public filing of the offering circular with the SEC. They may or may not have done that already. They have to file the public document 21 days before they want to sell, subject to SEC review. We will be able to see that, because it will be a public document. Once they start selling, they are subject to SEC rules on reporting, so yes, we will know, eventually, how much gets sold. The financial info they have to file will include disclosure about the accredited investor offering as well. Under the old rules, you could not run a Reg A and a Reg D offering at the same time. I'm not sure if that is still the case, given that the 506(c) exemption allows for public solicitation.

 

[LillyMayPatterson #1685 & #5648]

Thanks Chris. I hope we don't have to sign a non-disclosure agreement. What will we talk about?

 

[Ekh]

Under the rules, as a first-time filer, they can do a non-public filing of the offering circular with the SEC. They may or may not have done that already. They have to file the public document 21 days before they want to sell, subject to SEC review. We will be able to see that, because it will be a public document. Once they start selling, they are subject to SEC rules on reporting, so yes, we will know, eventually, how much gets sold. The financial info they have to file will include disclosure about the accredited investor offering as well. Under the old rules, you could not run a Reg A and a Reg D offering at the same time. I'm not sure if that is still the case, given that the 506(c) exemption allows for public solicitation.

Thanks, Chris. Clear and informed, as always.

 

[bowers baldwin]

 

[Chris F]

Thanks Chris. I hope we don't have to sign a non-disclosure agreement. What will we talk about?

The Reg A+ will be public

 

[bowers baldwin]

 

[Ty]

Didn't realize they caught and removed it. Well good, at least that part isn't falsely being included in the totals. But a lot of my skepticism doesn't stem from the fact of my thinking that this "expressed interest" total is full of trolls (which I suspect does comprise some of it, like Mr. Super Man), but more-so based on human nature. When it comes down to it, lots of people are "interested" and "want" something, but getting them to actually produce the money is elusive.

I'm sure anybody who has ever sold stuff on Craigslist or online knows about this. How many people are "going to come buy it tomorrow" or "on the way" and never show. I've had a buyer for a clutch for 6 months now. Guy keeps saying he wants it, saying he'll pay "next Friday", never happens. It's just how it is. I don't dispute that a of people "pledging" money here are well-intentioned, just highly skeptical that a high enough percentage will actually produce the money when it comes down to it.

That is true though I hope the "the wife says no" will be countered by people upping their amount as announcements make it more of a sure thing. Not that anything is a sure thing.

 

[Ty]

Got a question for Chris F, please. Since Start Engine can continue the 'water test' and the practice filing and the filing at the same time. We might not be privy to know when they actual file, they might have already, right? Oh, I hope so.
And since we were not privy to knowing how much was raise from the credited investor, we might also not be privy to knowing how much is raised with this phase neither, right? Or do they have to devolve that to us in the IPO and in the periodical mandatory reports to us,as stock holders?
I am thankful you and EHK are on this forum too.

In order for Elio to take in any of this as actual money, they'll have to make their financials available. We should know more than we do now.

 

[AriLea]

Funding Goal 118% Reserved $29,670,452 , only 80k more and it's 119%. 120% before Monday seems reasonable.
Most of us have stopped watching the A+ progress, I will too at 120%.
After Monday, the P5 milestones and collecting A+ funds for E6-25 tests remain the current 'watch-pot' milestones. Reaching 50k reservations wouldn't hurt either, but that subject is smoke-room talk at this point.

 

[LillyMayPatterson #1685 & #5648]

I'm still here. Just not as enthusiastic. The last two pledges were corrected. Numbers are back to 6:30 this evening. This is the first correction I seen for a long time. I guess the trolls are tired of playing the game too.