Financing Elio Motors Development And Production

[Craig]

EM more similarly mimics that of a Ponzi scheme. The earliest ones in get their reward, which appears to the rest all is well, and then people stop getting what they invested, whether they be deposits for payment in full. A scam is no one gets anything but their money stolen.

If EM gets their additional funding, and note they are already 25M short of where they wanted to be now at 75M, they still need 150M more to "launch", after being around and showcasing for several years. That big gap is not going to come from deposits. The question is how long can they tread water for the 150M, and then tread water thereafter until actual sales demand sees a monthly rate just about the same now that they have in total for "reservations".

Therefore, say even they see 5K/mo unit sales per month, by some sheer marketing miracle, or 10K/month, the operation still runs at heavy losses, which is when also Ponzi scheme like activity kicks in, ie: people plunk down deposits, even at a "dealer", but the cars never come. I certainly cannot foresee EM floating much of a dealer "inventory", not even a Tesla could afford that.

Thanks 3 Card.

 

[whattheelf]

My executive summary is post #103

Anyone can make an anonymous declaration.

Lets see yours, I'll be able to rather tell if you know what you are talking about or not.

So far, no post of yours has shown any degree of competency in these matters, just a typical forum punk.

 

[Dustoff]

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money, rather than from any actual profit earned. You can face a maximum term of 20 years in prison on the securities fraud charge. !

I doubt that Mr. Elio is unaware of this.

 

[CheeseheadEarl]

Lemme see, 8 years of college, a 28 year career, and retired at 45.

I live on a farm, and know crap when I smell it.

Real resume: Current student in Business English at the local Community College. Practicing use of action terms for his finals, after which he'll likely intern at my work and annoy the crap out of people for a few months.

 

[Dustoff]

I am king of my domain, respected by all that matter and have more education and experience in more things than you can imagine.

 

[whattheelf]

Many members have sent EM e-mails voicing their concerns, wants and wishes.
I think if you send EM an e-mail today, voicing your concerns and telling them of your extensive background, they will answer and then you can post it.

Several creditable Engineers on here have done that and ended up getting a little one on one. You can then show us how they feel about your concerns and the changes they are contemplating for the car or business plan, if any, because of those concerns and most on here will probably get off your back. JMO

P.S. Please include all of your post #63 in your e-mail to Paul. Thanks.
http://www.elioowners.com/threads/funding-alternatives.1460/page-7

Didn't claim you agreed with any of my points, but the suggestion of contacting EM for more information is actually a legitimate suggestion, even though it would not yield any progress.

The issue is you have to go way beyond just being a credible engineer to be able to determine if there is any shred of merit to their business plan, big difference. The published financial plan to date is nothing short of being completely hilarious.

 

[CheeseheadEarl]

Didn't claim you agreed with any of my points, but the suggestion of contacting EM for more information is actually a legitimate suggestion, even though it would not yield any progress.

The issue is you have to go way beyond just being a credible engineer to be able to determine if there is any shred of merit to their business plan, big difference. The published financial plan to date is nothing short of being completely hilarious.

Where exactly is this "published financial plan"? I'd like to see it.

 

[whattheelf]

On the contrary, we're doing just fine, thank you! I don't know how many times before you get it that we all understand the risks, it's a gamble, etc. I for one is willing to wait it out and SO DO YOU because EM is the only one that will decide when it's over or not! there's no debate here, sorry, if you don't like what's presented to you, hey, feel free to move on. Again, be patient because if you believe enough, EM might introduce an electric version!

Yes, point was understood the first time. Give the high probability that EM is going to fail, this will happen well before anyone over there could say the word "electric".

The big automakers will determine what gets made and when, and alot of that is driven by corporations, lobbyists, and then legislation. The same kind of shenanigans recently played on Tesla once they were foreseen to be seeing a little too much traction. There are issues and roadblocks here far beyond even what funding they can get.

 

[Craig]

Where exactly is this "published financial plan"? I'd like to see it.

I think this is what they are talking about.
http://c1gas2org.wpengine.netdna-cdn.com/files/2013/08/retailstore_plan.jpg

 

[Dustoff]

That comes from a blogger that sounds exactly like someone here.

http://cleantechnica.com/2013/08/19/paul-elio-motors-releases-financials/

This is quite old.