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Financing Elio Motors Development And Production

jetpack54

jetpack54

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whattheelf said:
My executive summary is post #103, Craig quoted it on post #111, and appeared to easily grasp where I am coming from.

My college degree is in mechanical engineering. My post grad is an MBA. I started on manufacturing floors myself, and retired securely at 45, and now at age 50. I now restore my own personal collection of vintage show cars and motorcycles in my own shop, start to finish. Thousands of my own personally fabricated sheet metal and plastic parts and bespoke custom work are also on other peoples' vintage cars worldwide, something I do because I enjoy it, not because I need the money.

I also drive a Prius, a Ford F150 when needed to plow my driveway and for (now) farm supplies, and I'm on the waiting list for the BMWi3, and as an avid cyclist now waiting delivery for my Elf from Organic Transport. Your blue collar I believe may be a little too tight, a far too common attitude problem that think they are the only ones that know how to get their hands dirty, every day.

EM seeking funding, thats common knowledge, and have been for some time, and have seen and heard Paul put the blame on this and that when he has been interviewed. I get it, I've been there, I was an executive in a few startups trying to secure funding, its not easy, and as Kuda has mentioned here, its a dance, unless you hit certain milestones/requirements set forth as part of the process, in dialogue with sources, funding is not going to happen, and yes they cannot just crowd fund their way to funding, as this isn't the next gadget on kickstarter to come along.

So, no one knows exactly what their funding options are, but given a certain level of knowledge about the process itself, bleed rates on current funding to support operations so far, and how far they've been delayed, the comments from the parish folks, the shopping around of the plant, the slow down in execution, is often a funding killer, almost always, and a door closer.

Without that 150M they are toast just to get started. After that we can talk whether or not they can get to Stage 2, growth, a whole other much bigger problem.
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I think you need to answer Craig's post- you admitted in your earlier post that EM is not a scam and yet it's so easy for you to say it's a Ponzi scheme??? You should also answer Cheeseheadearl post #163 asking you how do you know that EM is not receiving any funding right now???
All you have is an opinion based on your past experience, that's all! With your experience, you must have done plenty of analyzing....think of how crazy you sound....".you said no one knows exactly what their funding options are" is the only thing right you said and you should have stopped there....but there you go again going back in circle with your "but given a certain level of knowledge about the process"....LOL. I agree with one of the poster here saying "you're a legend in your own mind".! Again, your titles and experiences are not impressing anybody. You're just hell bent on discrediting EM at all cost! You already decided their fate by saying "funding is not going to happen"???? Guess what, you've just lost whatever credibility you have "chief". Maybe part of your resume is Psychic reading, palm reading??? :D
It was fun while it lasted but you've just demonstrated a lack of reasoning. Glass half empty is unfortunately what you are. What a waste of shall I dare say....talent???:D
 
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Craig

Craig

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jetpack54 said:
I think you need to answer Craig's post- you admitted in your earlier post that EM is not a scam and yet it's so easy for you to say it's a Ponzi scheme??? You should also answer Cheeceheadearl post #163 asking you how do you know that EM is not receiving any funding right now???
All you have is an opinion based on your past experience, that's all! With your experience, you must have done plenty of analyzing....think of how crazy you sound....".you said no one knows exactly what their funding options are" is the only thing right you said and you should have stopped there....but there you go again going back in circle with your "but given a certain level of knowledge about the process"....LOL. I agree with one of the poster here saying "you're a legend in your own mind".! Again, your titles and experiences are not impressing anybody. You're just hell bent on discrediting EM at all cost! You already decided their fate by saying "funding is not going to happen"???? Guess what, you've just lost whatever credibility you have "chief". Maybe part of your resume is Psychic reading, palm reading??? :D
It was fun while it lasted but you've just demonstrated a lack of reasoning. Glass half empty is unfortunately what you are. What a waste of shall I dae say....talent???:D
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It's our old friend 3 Card
 
creekstone

creekstone

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whattheelf said:
The published financial plan to date is nothing short of being completely hilarious.
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While I'm not an accountant, I must admit the "published financial plan" has some issues. So much so, I question the source. The only place I've seen 'the plan' was a posting by a blogger with an axe to grind. Is there credible source?
 
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