Elio Crowdfunding

[Ekh]

It does look like we're on track for 140%, 35m by Friday or so.



It also says

I guess, among other things, this says that EM already has satisfied the 75mpg requirement.

I'm not sure you're right ... the "technical requirements' may refer to the nit-picky details in the application itself, not to the car's technical prowess. I think actual mpg data from the P5 would do the trick (unless it's way south of 75mpg). They certainly hadn't provided real-world data about mpg from the firs engine as of March 30 of this year.

 

[outsydthebox]

It's not a question of who can afford it. It's about offering a specific value, people making a commitment to that value and then having the value increased 2.4 times without notice . It's just bad business practice.

It's no different than agreeing to pay $6800 for your Elio and the day you pick it up the new price is $16,320. So that wouldn't bother you?

I think it's all in how you and I choose to look at it. Like AriLea just said...Look at three or four different ways. As I see it, If several people can "share" in the purchase of a Lottery ticket, several people could "go in" together on a $600 "minimum" buy in. Of course, one should only partner with someone they trust. Good Idea to have a contract of some sort, too. As mentioned earlier, with the higher "minimum", will mean less will go to SE and more towards EM, and more will also be applied to our "shares", too.

 

[outsydthebox]

I talked to a automotive paint wholesale buyer today. I asked about yellow being more expensive than the other standard colors--black, white, blue, red, etc. He informed me that yellow is more expensive than some of them but that RED is the most expensive of any color. So, I no longer believe that yellow is not available because it is more expensive.

Also, one of the spay booths could be updated to the system that allows the color to be changed with the flick of a switch.

I have also been told that red is the most expensive color.

 

[bowers baldwin]

 

[AriLea]

I think it's all in how you and I choose to look at it. Like AriLea just said...Look at three or four different ways. As I see it, If several people can "share" in the purchase of a Lottery ticket, several people could "go in" together on a $600 "minimum" buy in. Of course, one should only partner with someone they trust. Good Idea to have a contract of some sort, too. As mentioned earlier, with the higher "minimum", will mean less will go to SE and more towards EM, and more will also be applied to our "shares", too.

I suppose there's nothing stopping a group of people from forming an LLC and making an 'expression from that entity. Would have to read the 'who can' part of the law.

 

[Ekh]

I suppose there's nothing stopping a group of people from forming an LLC and making an 'expression from that entity. Would have to read the 'who can' part of the law.

I'd be happier joining an "Elio Pennypinching Investors LLC" than forking over $600 on this venture. Just don't have that much play money floating around loose. $300, OK.

 

[Bilbo B]

Is that something the SEC can review and 'suggest' changes to? We've heard that there is an expectation that the SEC will want some changes. You can't change the facts (Financial statements, people involved, Technical specs of the vehicle). The obvious things they could want changed would be minimum number of shares, price of shares, equity in the company, the 'variables'. Of course, no one really knows what the SEC will be looking for.

 

[TexasElio]

Interest titbit hidden in the Elio Reg A financial filing...

They're paying a company called "Black Swan LLC " $400,000 to lobby for the ATVM loan passage, plus an additional $1,000,000 if they secure the ATVM loan???

And with regards to the ATVM loan the word "partly fund" really stands out...

"We have submitted an application for a loan of approximately $185 million, the proceeds of which
would be used to partly fund the purchase of equipment and equipment installation into the Shreveport
facility prior to and ramp up after the start of production."

"partly fund"...does this mean they need more than $185 million...still leaving Elio Motors underfunded??

It seems Paul is selling his soul to obtain funding...just so many questionable transactions in the Reg A filing...

So many unanswered questions regarding this whole venture...

 

[Ekh]

Is that something the SEC can review and 'suggest' changes to? We've heard that there is an expectation that the SEC will want some changes. You can't change the facts (Financial statements, people involved, Technical specs of the vehicle). The obvious things they could want changed would be minimum number of shares, price of shares, equity in the company, the 'variables'. Of course, no one really knows what the SEC will be looking for.

They might request wording changes in the risk assessment for example. That kind of nitpicky stuff. Or they might require deletion or insertion of entire new paragraphs.

 

[Jeff Bowlsby]

Can someone post the current graph that shows the quantity of share 'reservations' over time (the rate)? Feels like EM is unstoppable...as I check the level and progress of share reservations, they continue to increase at a rapid steady rate with no end in sight. Very exciting.