Elio Crowdfunding

[Ekh]

I suspect there is no requirement to limit to the reservation amount either. Some of the early birds, like me, are feeling more confident now, and might actually raise their amounts. I'm not sure either that once it's SEC approved that it's limited to only the reservationists. Probably limited to the requested $25m as submitted, but maybe not to prior reservations. True they get service first at their requested amount, but afterward? Or am I wrong on that?

It wouldn't make sense to limit it to the reservationists. This isn't the actual fund-raising campaign; it's "test the waters." I don't know if the actual fundraising campaign is limited to the amount requested; maybe it's open-ended. I suspect SE could answer that question pretty readily.

 

[Ekh]

I'm betting we're over 19 million by 2 PM eastern. It's 12:15 now, and we're at 18, 956, 260. That will make 2 million in 24 hours! Oy-veh!

 

[Ty]

$18,961,510

 

[Ty]

$18,962,260

 

[JEBar]

it might pay to keep in mind that crowd funding is only one of apparently several ways EM is raising funds .... for a while now vehicle reservations have been running 20 +/- a day .... at a minimum, if all are for $100, that's still $2,000 a day / $20,000 every 10 days / $60,000 every month .... they also have a larger investment program in place

 

[AriLea]

Now $18,964,060, 2pm for $19mil, might be a long shot. People with extra cash maybe heading out to catch that plane to Vegas right now. But by tonight is a -firm possibility-. (or up to $20M)

Another spanking new funding oriented article .. Green Car(link) and yet another The Street(link)

When it breaks over $20mil, I expect a rash of new articles by mid-day Monday. Friday gives people something else to do, so the armchair 'newsies' will check on things again Monday morning.

BTW, from the initial survey voting our EO average is $1770 per person. Far below the average showing up on StartEngines for Elio Motors.

 

[AriLea]

Now $18,981,810 with 50min to go. It's gonna be close! (edited oops meant 30min, 11am my time, 2pm Ekh's time)

 

[Ty]

$18,982,060

 

[Ty]

$18,982,560 from 4924 people $3,855 average per person.

 

[Johnny Acree]

Hot off the press
Graham (StartEngine Support)

Jul 10, 09:18

Hi Johnny,

The shares reservations are non-binding in every way. You may buy more or less than you reserve, or none at all. The only upper limit is the maximum allowable per investor and there is also a minimum investment (but again you are not obligated to actually invest).

Happy Investing,
The StartEngine Team