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84mpg
Elio Addict
LillyMayPatterson #1685 & #5648
Elio Addict
Another correction at 7:00 $1,072,000.00
AJ Maxey
Elio Addict
Hey, um. Did anyone notice that the Regulation A+ just went down like... $1.5M all of a sudden?
as of 6:13PM (Central) the total has dropped just under $3.5M and we have no clue just how far they have gone in reviewing/editing the pledges .... it appears that the estimates made by several of our members were pretty dang close
LillyMayPatterson #1685 & #5648
Elio Addict
$ (3,547,974.00)
Last edited:
its back up to $21.6M .... $25M - $21.6M = $3.4M
LillyMayPatterson #1685 & #5648
Elio Addict
That's what I've been saying. Looks like the guys at start engine are earning their payday.
$ (3,547,974.00)
$ (3,547,974.00)
Yes, they could get in pretty big trouble, it's possibly considered a criminal act by homeland securty, an attack on ecconomic activity etc etc. I would not want to be one of those people if the FBI should get involved. They probably didn't do all the sluthy techniques required to not get traced.
LillyMayPatterson #1685 & #5648
Elio Addict
Elio Motors recently launched a crowdfunding effort as one of several strategies we are using to raise capital. If you’ve been to our page at crowdfunding platform StartEngine.com, you might have noticed that we were above $25 million in expressed interest earlier today, but as of this post, the numbers now reflect $21,585,326 million.
Here’s why:
We have noticed several potential investors that expressed interest are “suspect” based on dollar amounts and newly created email addresses. The StartEngine.com team has flagged these inquiries for further investigation and is not including them in the current total number of investors or expressed interest in dollar figures.
Currently we have 5,559 investors who have expressed interest in an Elio Motors investment at an average of roughly $4,000 each, out of which 72 percent of those investors come from our reservation holders and other fans of the company.
Keep in mind that the Regulation A+ offering has made it possible for start-up companies to “test the waters” and see if there is sufficient interest from potential investors. This phase serves as an expression of interest and is non-binding. Following this phase, Elio Motors will proceed with filing an offering statement with the SEC and once that offering statement is qualified by the SEC, Elio Motors can make a formal stock offer to interested investors.
Overall, we are extremely pleased with the initial support of our crowdfunding initiative and will continue to take additional expressions of interest while working with the SEC on next steps.
Here’s why:
We have noticed several potential investors that expressed interest are “suspect” based on dollar amounts and newly created email addresses. The StartEngine.com team has flagged these inquiries for further investigation and is not including them in the current total number of investors or expressed interest in dollar figures.
Currently we have 5,559 investors who have expressed interest in an Elio Motors investment at an average of roughly $4,000 each, out of which 72 percent of those investors come from our reservation holders and other fans of the company.
Keep in mind that the Regulation A+ offering has made it possible for start-up companies to “test the waters” and see if there is sufficient interest from potential investors. This phase serves as an expression of interest and is non-binding. Following this phase, Elio Motors will proceed with filing an offering statement with the SEC and once that offering statement is qualified by the SEC, Elio Motors can make a formal stock offer to interested investors.
Overall, we are extremely pleased with the initial support of our crowdfunding initiative and will continue to take additional expressions of interest while working with the SEC on next steps.