Elio Crowdfunding

[Ekh]

And, at last, a progress report on sales of surplus equipment. It's a disappointment so far, but they're not finished yet.

We will not use all the equipment purchased at the Shreveport facility. Thus far, sales of excess equipment has yielded approximately $1,000,000. We will continue to sell excess equipment and use the proceeds to pay down the cH Capital Lending loan.

The Grammar Police do not like subject-verb disagreements, but the SEC won't care! Bottom line: sales haven't worked out al all as PE had hoped and expected they would.
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[bowers baldwin]

 

[Ekh]

You are right. I didn't even notice it said copyright. A glaring oversight on my part.

Not to worry. Patents act differently from copyrights (17 years vs. 96 years, if renewed) and still differently from trademarks (use 'em or lose 'em). So these distinctions do make a difference -- alas for the complicated world we've built for ourselves. And regarding intellectual property, the legislation is light-years behind the web-driven infringement problems that bite all musicians and photographers in the butt every day/

 

[AriLea]

Now THIS is interesting: Elio has filed for no patents relating to this car.

Patents for the engine and supplier parts are owned by those vendors.

 

[Kuda]

You are right. I didn't even notice it said copyright. A glaring oversight on my part.

http://fairuse.stanford.edu/overview/faqs/copyright-protection/.

 

[Ekh]

You could copyright the logo, trademark the words "the Elio" (as the use of italics every time this term shows up in the SEC filing suggest they have done or will do), and patent specific technologies (if any) invented -- say, a new hood latch spring design or a unique element in the suspension.

 

[Coss]

Here's another new tidbit for everyone



Moving Forward – Reg A+
by The Elio Team

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Happy Friday Elio’ers. Yet another great week at Elio Motors. We are sure that you read the Momentum blog on Wednesday that detailed the successes we have had over the last week. This morning (actually last night after business hours) we put the final touches on our SEC filing and filed it! The amount of hours that went into this process were staggering and the blog staff wants to give a hearty thank you and a pat on the back for job well done to the team that put this together, great work.

We have talked about the Reg A+ quite a bit lately for a couple of reasons that are relevant to every fan of Elio Motors.

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First, Reg A+ is the next step in our funding plan and an important one to move us forward. Second, Reg A+ is a relatively new and innovative tool for start-up companies to move their business forward which is what Elio Motors is all about. New ways to get things done – be it funding great ideas or changing the way people move – are the backbone of civilization.

And finally, Reg A+ gives our fans and supporters a chance to capitalize on their passion for Elio Motors. They say if you want to be successful in life, do something that you love. Reg A+ and Elio Motors takes that axiom to the next level. We are thankful for the opportunity to partner with our fans and supporters.

The Elio Motors Reg A+ opportunity is still active on the site (www.eliomotors.com/equity) and open for the time being to anyone that would like to reserve shares. As of press time, 8,400 plus people have stepped up and indicated interest in Elio Motors. 8,400 people is a huge number in just two short months. If these people all moved and became a city they would be the twenty-eighth largest city in Nevada, #13 in Wyoming and #250 in Illinois (out of over 1,100!).

This process started with a lot of preparation in advance of the June 19 opening of the program to the US investor. We went live the minute we were allowed to and have set the pace for all other "crowd funders" to follow and now have led in the filing with the SEC. The next step is for the SEC to pour over the documentation and work with us to make it perfect before we complete the process with a formal offering of stock to those that indicated interest.

Progress every day.

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This week on the Elio Preview Tour:

August 28 – August 30: Sonoma, CA - Sonoma Raceway - GoPro Grand Prix of Sonoma - Indy Car Series - We will be outside of the race in the manufacturers’ area, free to the public; P4 show

September 5 – 7 – Sausalito, CA; Sausalito Art Festival


Thank you for your continued support.

 

[TeamCoconutOreo]

By the way,
NSTG8R
I want to thank you for the link. I read through it. Really gives some insight into the inner financials of Elio.

 

[NSTG8R]

Yep, the SEC is just trying to make things difficult for investors when they required audited financial statements to be included in securities offerings. Why would they want someone to have information about the financial activities and stability of a company before investing? /sarcasm off

Friend, it's your money, and I believe you have earned the right to spend it as you see fit. You might surprise yourself just how understandable the audited financial information is, especially the notes. It's your life, but you just might learn a lot about the company by taking time to review those extra 20 pages. Best wishes.

I've got over 1500 shares of Boeing stock in my portfolio. But, of course, I've work for Boeing (originally McDonnell Douglas in my unit) for over 25 years. I totally understand how stock works at this point in my life. And as I appreciate your concern for my financial decisions, I assure you, I'm one of those "read the fine print" guys before I pull the trigger. Granted, nothing is a sure thing, but I'll take my chances, if only on a gut feeling that this could be a paradigm shift vehicle.

And welcome to the forum, Mr./Mrs. Laughingoutloud! Glad to have your input!

 

[LillyMayPatterson #1685 & #5648]

I'm not. Laughingoutloud or eliothegreat is just back to troll. The average pledge yesterday since the release of the finance statement was $4,456.00. That is proof enough for me. I'm proud of Elio and my decision to pledge and reserve my egg money into this adventure.