Financing Elio Motors Development And Production

[Edward]

Where do they come up with this stuff.
If someone or group with the cash wanted to take ELIO away from PE . He would lose it. They simply buy up his debt and then call it due and PE is history. That simple. Not that anyone would want to , but if they did there is nothing PE could do to stop them . As a privately held company it is ever easier than a publicly trade one. He does not have the resources to do anything .

Maybe I missed something. Aside from the ATVM loan which they haven't received yet, where has Elio borrowed?

 

[Smitty901]

Well the cash they spent so far did not fall from the sky. It has been reported that PE has put up everything he had. The cash comes from some where and as a private company they have no requirement to tell us. ELIO has not gotten this far on cash from the wallet. You can bet there is some outstanding debt hanging around. Not being a smart ass buy PE's lunch , money did not cover the engine work.

 

[JEBar]

40,000 reservations X $100 = $4-million .... by figuring all were for $100, that figure most certainly understates the actual amount .... reports are that over time they have raised 60 some million .... in times past they have had some investors, no clue as to the terms of those investments .... I've been told that Paul believes in pay as you go, so I tend to believe (pure guess) that any company debt wouldn't be that great

 

[bob haller]

I am very excited about the elio, and my girl friend has a 100 buck all in reservation. We are going to loretto pa on march the 11th to see a prototype

This vehicle has the opportunity to turn the car industry on its head.

with such a low cost to buy, it can change the used car business a lot..

used cars are highly overpriced, elio can stop that

much of the average people in the US are hurting fiancially. elio will open a big chunk of used car buyers, to the chance of buying a brand new vehicle

I wonder why elio hasnt raised more money by pre selling vehicles. buy a brand new vehicle for 5800 bucks be put at the front of the line......

In any case I HOPE the elio is a dramatic success....

 

[Rickb]

40,000 reservations X $100 = $4-million .... by figuring all were for $100, that figure most certainly understates the actual amount .... reports are that over time they have raised 60 some million .... in times past they have had some investors, no clue as to the terms of those investments .... I've been told that Paul believes in pay as you go, so I tend to believe (pure guess) that any company debt wouldn't be that great

Based on the Caddo Parrish Commission Meeting Minutes Mr. Lichter said, "EM generated $6 Million in non-refundable monies with 18,000 reservations". The resevation number has since doubled, so apparently EM has generated over $12 Million in non-refundable monies.

The "one of the fastest growing small businesses without a product" statement..............is a hoot!

 

[Rickb]

I am very excited about the elio, and my girl friend has a 100 buck all in reservation. We are going to loretto pa on march the 11th to see a prototype

This vehicle has the opportunity to turn the car industry on its head.

with such a low cost to buy, it can change the used car business a lot..

used cars are highly overpriced, elio can stop that

much of the average people in the US are hurting fiancially. elio will open a big chunk of used car buyers, to the chance of buying a brand new vehicle

I wonder why elio hasnt raised more money by pre selling vehicles. buy a brand new vehicle for 5800 bucks be put at the front of the line......

In any case I HOPE the elio is a dramatic success....

Welcome bob haller.

 

[WilliamH]

I am very excited about the elio, and my girl friend has a 100 buck all in reservation. We are going to loretto pa on march the 11th to see a prototype

This vehicle has the opportunity to turn the car industry on its head.

with such a low cost to buy, it can change the used car business a lot..

used cars are highly overpriced, elio can stop that

much of the average people in the US are hurting fiancially. elio will open a big chunk of used car buyers, to the chance of buying a brand new vehicle

I wonder why elio hasnt raised more money by pre selling vehicles. buy a brand new vehicle for 5800 bucks be put at the front of the line......

In any case I HOPE the elio is a dramatic success....

Welcome Bob
You might also consider that a lot of the good cars that might otherwise have made it to the used car market went into the crushers as a result of the "Cash for Clunkers" program. Some "well off" people used it as a way to upgrade and as a result some relatively new cars were crushed which explains some of the elevated used car prices today and the lack of good affordable quality used cars.
So yes, the Elio will put a lot of people in a much better quality car than they could have otherwise afforded.
This may also serve to depress the value of some of used cars on the market.

 

[JEBar]

Bob ....

welcome indeed .... I think you will find a community of folks here who join you in looking forward to the day that their Elio is in their driveway .... unfortunately you will also see a few (very few) whose mission seems to be to sew discontent .... please don't let them bring you down .... looking forward to exchanging info and to your reactions after seeing the tour in person

 

[Jim H]

I am very excited about the elio, and my girl friend has a 100 buck all in reservation. We are going to loretto pa on march the 11th to see a prototype This vehicle has the opportunity to turn the car industry on its head. with such a low cost to buy, it can change the used car business a lot.. used cars are highly overpriced, elio can stop that much of the average people in the US are hurting fiancially. elio will open a big chunk of used car buyers, to the chance of buying a brand new vehicle. I wonder why elio hasnt raised more money by pre selling vehicles. buy a brand new vehicle for 5800 bucks be put at the front of the line......In any case I HOPE the elio is a dramatic success....

bob haller, welcome to the forum and the Elio family. As you can see from the responses we are a friendly (mostly) and helpful bunch with diverse backgrounds and experiences. We look forward to your comments, questions and opinions. Welcome to the Elio dream and enjoy the journey with us.

 

[cortsdad2]

Well the cash they spent so far did not fall from the sky. It has been reported that PE has put up everything he had. The cash comes from some where and as a private company they have no requirement to tell us. ELIO has not gotten this far on cash from the wallet. You can bet there is some outstanding debt hanging around. Not being a smart ass buy PE's lunch , money did not cover the engine work.

The one loan that I have heard referenced is that there is a collateralized loan against the equipment being sold at the former GM plant... I don't however have any idea of the figures.