We could look at it this way. People thinking about the funding who do their research, maybe waiting on the P5 PR release and it's reaction. If that is true for a viable population, then we'll see a slowdown for a couple days until just after the event. This could affect both 'all-in' reservations as well as the 'expressions'.
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Johnny Acree
Elio Addict
- Joined
- May 12, 2014
- Messages
- 1,530
- Reaction score
- 2,573
Or,,, they could be lookin at the offer being over sold. They might be thinking why bother .
LillyMayPatterson #1685 & #5648
Elio Addict
Today..is..dead!!!
$25,000,000
Funding Goal
182%
Reserved
$45,661,691
in non-binding indications of interest received so far
11,705
Reservations
$25,000,000
Funding Goal
182%
Reserved
$45,661,691
in non-binding indications of interest received so far
11,705
Reservations
LillyMayPatterson #1685 & #5648
Elio Addict
The.Plug.Was.Pulled!
$25,000,000
Funding Goal
182%
Reserved
$45,661,691
in non-binding indications of interest received so far
11,705
Reservations
$25,000,000
Funding Goal
182%
Reserved
$45,661,691
in non-binding indications of interest received so far
11,705
Reservations
LillyMayPatterson #1685 & #5648
Elio Addict
WONDERING.......
Johnny Acree
Elio Addict
- Joined
- May 12, 2014
- Messages
- 1,530
- Reaction score
- 2,573
yes, it does make us wonder
Here's the latest word from Paul:
November 16, 2015
Hello Coss,
As you know, Elio Motors is likely to hear back from the Securities and Exchange Commission any day regarding authorization to make a formal stock offer under the Regulation A+ offering exemption. It is one of the most exciting times in our history and we appreciate your interest in the company.
Upon receiving authorization from the SEC, we will begin selling shares within approximately 24 hours. It will be important for you to continue to check your email inbox, as we will inform you via email about the timing of the offering. Our goal is to give you as much advance notice as possible, but it is difficult for us to predict exactly when the SEC’s authorization will occur.
StartEngine and Fund America
Two names you will encounter in the investment process (and might have heard already) include StartEngine and FundAmerica.
StartEngine.com is the technology platform where our Regulation A+ initiative is hosted. It’s the website where you made an account so that you could express interest during the “Testing the Waters” phase. It is also the website where you will go to make a formal stock purchase.
FundAmerica is a third-party administrator who handles the financial transaction between investors and Elio Motors. If you decide to invest in Elio Motors, FundAmerica will handle the logistics of the wire or ACH fund transfer.
7-Day Window for those who have expressed interest
Elio Motors is committed to making sure you and the more than 11,700 others who have expressed non-binding interest in making an investment will get every opportunity to do so. We will create a 7-day purchase window for making a formal stock purchase available only to those who have expressed interest. If, at the end of this 7-day time period shares remain, we will open the sale to the general public.
High demand leads to potential oversold situation
As you know, interest in Elio Motors is high. During our “Testing the Waters” phase of our Regulation A+ initiative, we received more than $45 million in non-binding, expressed interest in our $25 million offering.
Should demand exceed $25 million, we will adjust how many shares each person receives on a percentage basis. FundAmerica will then refund that portion of your investment that was not accepted due to the oversold situation.
Checklist for Review
There are several pieces of information that will be helpful for you to determine prior to making a formal investment. This includes the following:
Best regards,
Paul Elio
No money or other consideration is being solicited at this time, and if sent in to Elio Motors, will not be accepted. No offer to buy securities of Elio Motors can be accepted and no part of the purchase price can be received until Elio Motor’s offering statement is qualified. Any such offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. Any indications of interest in Elio Motor’s offering involves no obligation or commitment of any kind. Elio Motors filed its offering statement with the Securities and Exchange Commission on August 28, 2015. To obtain a copy of the Preliminary Offering Circular which is a part of the offering statement, go to www.eliomotors.com/equity.
November 16, 2015
Hello Coss,
As you know, Elio Motors is likely to hear back from the Securities and Exchange Commission any day regarding authorization to make a formal stock offer under the Regulation A+ offering exemption. It is one of the most exciting times in our history and we appreciate your interest in the company.
Upon receiving authorization from the SEC, we will begin selling shares within approximately 24 hours. It will be important for you to continue to check your email inbox, as we will inform you via email about the timing of the offering. Our goal is to give you as much advance notice as possible, but it is difficult for us to predict exactly when the SEC’s authorization will occur.
StartEngine and Fund America
Two names you will encounter in the investment process (and might have heard already) include StartEngine and FundAmerica.
StartEngine.com is the technology platform where our Regulation A+ initiative is hosted. It’s the website where you made an account so that you could express interest during the “Testing the Waters” phase. It is also the website where you will go to make a formal stock purchase.
FundAmerica is a third-party administrator who handles the financial transaction between investors and Elio Motors. If you decide to invest in Elio Motors, FundAmerica will handle the logistics of the wire or ACH fund transfer.
7-Day Window for those who have expressed interest
Elio Motors is committed to making sure you and the more than 11,700 others who have expressed non-binding interest in making an investment will get every opportunity to do so. We will create a 7-day purchase window for making a formal stock purchase available only to those who have expressed interest. If, at the end of this 7-day time period shares remain, we will open the sale to the general public.
High demand leads to potential oversold situation
As you know, interest in Elio Motors is high. During our “Testing the Waters” phase of our Regulation A+ initiative, we received more than $45 million in non-binding, expressed interest in our $25 million offering.
Should demand exceed $25 million, we will adjust how many shares each person receives on a percentage basis. FundAmerica will then refund that portion of your investment that was not accepted due to the oversold situation.
Checklist for Review
There are several pieces of information that will be helpful for you to determine prior to making a formal investment. This includes the following:
- Determine if you are an accredited or non-accredited investor. An accredited investor has either $1 million in assets excluding their primary residence, or a $200,000 annual income for an individual or $300,000 for a married couple the past two years. Anyone who does not meet this criteria is considered a non-accredited investor.
- Determine how many shares you’d like to purchase
- If you are not an accredited investor, make sure the number of shares you would like to purchase is no more than 10 percent of your annual income or net worth (exclusive of your home), whichever is higher
- Determine whether you want to make your payment via wire transfer or ACH
- Review our FAQs so you are fully informed
- Make sure you have contact information for FundAmerica and StartEngine.com in case you have questions relating to the investment process.
Best regards,
Paul Elio
No money or other consideration is being solicited at this time, and if sent in to Elio Motors, will not be accepted. No offer to buy securities of Elio Motors can be accepted and no part of the purchase price can be received until Elio Motor’s offering statement is qualified. Any such offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. Any indications of interest in Elio Motor’s offering involves no obligation or commitment of any kind. Elio Motors filed its offering statement with the Securities and Exchange Commission on August 28, 2015. To obtain a copy of the Preliminary Offering Circular which is a part of the offering statement, go to www.eliomotors.com/equity.
slinches
Elio Addict
tl;dr summary:
Get out your check books.
Get out your check books.
LillyMayPatterson #1685 & #5648
Elio Addict
wacky
$25,000,000
Funding Goal
182%
Reserved
$45,670,391
in non-binding indications of interest received so far
11,707
Reservations
$25,000,000
Funding Goal
182%
Reserved
$45,670,391
in non-binding indications of interest received so far
11,707
Reservations
slinches
Elio Addict
Interesting situation they're in now. Let's say they get SEC approval before the end of the day Wednesday, do they shut off the indications and start the 7-day window immediately or give it a few days for those who want to wait for the P5 reveal to get in? (although, there's an argument that anyone remotely interested should have indicated interest already)
I could see the P5 drawing quite a bit more investor interest, but these new investors could be left out if the full $25 Million is collected before the 7-day period ends. On the other hand, if they don't get the full amount in the week, opening up share purchases to the public as soon after the reveal as possible may help EM reach the $25 Million goal.
I could see the P5 drawing quite a bit more investor interest, but these new investors could be left out if the full $25 Million is collected before the 7-day period ends. On the other hand, if they don't get the full amount in the week, opening up share purchases to the public as soon after the reveal as possible may help EM reach the $25 Million goal.