Elio Crowdfunding

[LillyMayPatterson #1685 & #5648]

unbelievable.
$25,000,000
Funding Goal
181%
Reserved
$45,289,677
in non-binding indications of interest received so far
11,562
Reservations

 

[Ekh]

I do not understand why they're limiting this solicitation to max $30 million. There's no legal need to do so; there must be some other fly in the ointment (or spritzer of perfume, perhaps) of which we're unaware. It's as if they've said "we need X dollars to complete the E series, so that's all we're going to ask for, and oh, yes, we know we need another $240 million, but hey we're not gonna ask you folks for even 10% of it, even though we could. We just believe in the tooth fairy!"

Something else is playing out in the background -- either it's a lock on the ATVM, once they prove the ability with the e-cars, or a whale of an investor somewhere else. But what investor won't want control? So my bet is on the ATVM, in about 4 months time -- and not a minute too soon to make 12/16 mfg promise.

PS -- I figure it will take at LEAST 4 months to get the e-series built and mileage tested -- even if they already have half the space frames built or partly built (which they may).

 

[JEBar]

I do not understand why they're limiting this solicitation to max $30 million. There's no legal need to do so; there must be some other fly in the ointment (or spritzer of perfume, perhaps) of which we're unaware. It's as if they've said "we need X dollars to complete the E series, so that's all we're going to ask for, and oh, yes, we know we need another $240 million, but hey we're not gonna ask you folks for even 10% of it, even though we could. We just believe in the tooth fairy!"

Something else is playing out in the background -- either it's a lock on the ATVM, once they prove the ability with the e-cars, or a whale of an investor somewhere else. But what investor won't want control? So my bet is on the ATVM, in about 4 months time -- and not a minute too soon to make 12/16 mfg promise.

agree .... specially, with the "some other fly in the ointment (or spritzer of perfume, perhaps) of which we're unaware." .... that's the only thing that makes sense to me

 

[Sethodine]

Keep in mind that the crowdfunding stock is all dilutable, so the more they sell, the less each share will be worth compared to stock currently held by the company and other investors. And PE doesn't strike me as the kind of person who desires to do that to his crowd supporters.

 

[slinches]

There is a bit more about the ATVM loan in the latest offering circular. Optimism about that in combination with not wanting to dilute interest too much may be what drove that decision. Additionally, I think they want to set a limit that's likely to be met. If they end up asking for $50million and only end up with $35, that could be viewed as a failure.

 

[AriLea]

Definitely a big jump. You may be right LilllyMay, 200% could be in-scope now. Just when you think it's over, it's not. Definitely there will be a new Friday or Monday chart. I can't help think part of this is to show support, part to get a foot in the door and part to be added to a list for later investment opportunity. Some may just want to get any directly related news and emails.
181%Reserved $45,344,627 in non-binding indications of interest received so far 11,583

 

[Jeff Porter]

I figure it will take at LEAST 4 months to get the e-series built and mileage tested -- even if they already have half the space frames built or partly built (which they may).

Here's the info from the SEC Resubmission thread and what EM provided in it:

• E1 Engineering drawing release – Month 2
• E1 Builds begin – Month 3
• E1 Testing – Month 4

So by their own plans, the publicized E-series builds begin in a certain month and testing begins the following month. I agree, they may have started on certain pieces already.

 

[AriLea]

181% Reserved $45,454,877interest received so far11,617

 

[LillyMayPatterson #1685 & #5648]

$25,000,000
Funding Goal
181%
Reserved
$45,498,377
in non-binding indications of interest received so far
11,623
Reservations

 

[LillyMayPatterson #1685 & #5648]

bigdeal!
$25,000,000
Funding Goal
182%
Reserved
$45,501,877
in non-binding indications of interest received so far
11,625
Reservations