Elio Crowdfunding

[John Painter]

Chatted very briefly with Graham at SE today. He said the counter on the website is no reflection on stock sales. I didn't have time for more questions, so don't know why the counter is moving. My GUESS is that some people are rescinding their pledge.

It's also possible, at this point, now that the non-binding interest stage is over, that the numbers are just gibberish. The only thing that would be interesting, to me, to know at this point, is whether EM can collect the entire $25million within this first time period.

 

[HonestTex]

I would like to know as well. No idea how or when we'll find out... Short sample on the "pledge" thread is looking positive.

 

[Ekh]

It wouldn't surprise me if EM did put up a counter -- assuming it's legal for them to do, which it may not be -- AFTER they've gotten a good chunk of the way there. It's the same strategy for setting up a successful Indigogo campaign -- get a serious dollar volume in pledges ahead of time, THEN post your campaign. Presto, momentum! In EM's case, if they have $10 or $12 million collected, a counter would help generate the rest.

On the other hand, with the level of oversubscription, they may not need to do anything like that, just send out emails and watch the cash roll in. Wouldn't that be luverly?

 

[Mustangblue01]

I imagine they will post something regarding how much was collected at the end of the 7 day pre-order period.

 

[LillyMayPatterson #1685 & #5648]

I don't know and it is driving me insane. BTW, I bought another car this weekend. A decked out, full size 2002 Mercury Grande Marquis with low mileage, good tires, new battery and the cruise control works. It is truly the biggest and prettiest car I've ever owned. HUGE trunk, nice radio, 6 passengers, lots of buttons that does things. Poor thing has a few dings on both bumpers. It was a little old man's car and he is blind now and the passenger side mirror is going to cost me plenty to replace. But, now it is a little old lady's car, who can wait a little longer for my Elio. Going to sell the old Ford, to daughter. She is going to need a grandma car soon. Yea, that means I am going to be a Great Grandma soon. BUT, I STILL WANT MY ELIO AND SO DOES SHE.

 

[Ian442]

Lilly...just shorten it to greatma .

That's what my grandmother did when the grandkids had kids of their own.

 

[HonestTex]

My Mom just goes by G.G. ...( great grandma)

 

[LillyMayPatterson #1685 & #5648]

I really like Oldma or O'ma. We best get back on subject or we'll get scolded. Even if we've been told it doesn't mean anything. It has slowed down to a crawl, the last two days of the holiday. Banks closed, people busy spending money at the stores. Credit and Debit cards being used to the max, bla bla bla.


$25,080,000
Funding Goal
183%
Reserved
$46,003,100
in non-binding indications of interest received
11,800
Reservations

Way less than 1% so far. FYI, Elio has asked for $110,000,000 from accredited invested and received only $765,000; way less than 1%. Worried? I am. Why would we do any better that the deep pockets. Specially at this time of the year. Too many people, now a days don't save or budget or even plan more than a week in advance. I wish start engine or elio would tell us how it is going.

 

[NSTG8R]

I really like Oldma or O'ma. We best get back on subject or we'll get scolded. Even if we've been told it doesn't mean anything. It has slowed down to a crawl, the last two days of the holiday. Banks closed, people busy spending money at the stores. Credit and Debit cards being used to the max, bla bla bla.


$25,080,000
Funding Goal
183%
Reserved
$46,003,100
in non-binding indications of interest received
11,800
Reservations

Way less than 1% so far. FYI, Elio has asked for $110,000,000 from accredited invested and received only $765,000; way less than 1%. Worried? I am. Why would we do any better that the deep pockets. Specially at this time of the year. Too many people, now a days don't save or budget or even plan more than a week in advance. I wish start engine or elio would tell us how it is going.

Maybe I'm not getting your point. You seem worried about the above numbers (in your post). When I went to the Startengine site to lay down my money it said that the test the waters phase was closed, so it goes without saying that it has slowed to a crawl...because it's closed.

Some other data I need to know about?

 

[tonyspumoni]

I am slogging through the SEC Regulations governing the offering and there are many reporting requirements, including seveal indicating the types of disclosures and ongoing financial reporting that Elio Motors is subject to as a consequence of offering securities under the JOBS Act, Title IV, Tier 2. We should have a pretty good idea after the window closes how much of the $25M offering was secured.

For those interested, the SEC has a slew of documents that have been cited here elsewhere on Elio Motors. These can be found at:

www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001531266&owner=include&count=40