Fire Side Chat With Paul - 9 Sept

[WilliamH]

In Seattle 140K salary is entry level position!! One of my daughters is H.R.Director for a (soon to be going public) tech company where, had I not been introduced, the appearance of the CEO, and the maintenance crew blends.

A $15/hr for a McDonald's spuds specialist I hope she's making that much otherwise she will need to move.

 

[Kuda]

I thought he looked tired, out-of-shape, and a little wired -- all that coffee. We SHOULD be concerned about the guy's health because our cars and our investments (if any) go down the drain if he can't function for at least 5 more years.

Managing stress isn't easy, almost as hard as doing a start-up. Go Elio!

 

[Kuda]

Maybe he has an endorsement from Starbucks.

If he doesn't, he should..))

 

[Coss]

I'm going to take a slightly different look at this:

Q: What’s your vision for the company’s long term-success? Will you have electric motors, or other power plants?
A: “There are three acts for Elio. Act One is to satisfy U.S. demand. Act II is to fill global demand. Act II is alternative power plants.

This tells me that in 10 to 20 years the Gen1 Elio's are going to be a real oddity, sort of like the Gen1 Vipers; they're not going to be anything like the 2035 models which = Big $ for originals.
For those that have a secure place for long term storage should consider it.

 

[Coss]

This part:
Q: What are the additional paths for funding Elio Motors into production? (paraphrased)
A: (paraphrase) There are three paths: 1. ATVM loan application for $186 million. 2. Crowd funding. 3. Ongoing reservations for the car. These three will get us there. But you don’t want all your eggs in one basket for something this size, “so there are two additional independent paths if one of these three doesn’t come through, but in this venue I don’t have time to explain them all.”

Tells me the two additional independent paths are private investors that will fund it completely but Paul would have to "Share Control" which is why he doesn't want to talk about it. He is somewhat willing to give up the one thing he holds so dear just to make sure it happens at all.
For that I do have to respect him for doing everything he can to make sure it does happen.

 

[Bilbo B]

I'm going to take a slightly different look at this:

Q: What’s your vision for the company’s long term-success? Will you have electric motors, or other power plants?
A: “There are three acts for Elio. Act One is to satisfy U.S. demand. Act II is to fill global demand. Act II is alternative power plants.

This tells me that in 10 to 20 years the Gen1 Elio's are going to be a real oddity, sort of like the Gen1 Vipers; they're not going to be anything like the 2035 models which = Big $ for originals.
For those that have a secure place for long term storage should consider it.

Except I don;t think they built 100,000 Vipers that first year. I suspect a 'first year' Elio will be no more an oddity than a first year AMC Pacer. Likely less.

 

[Bilbo B]

This part:
Q: What are the additional paths for funding Elio Motors into production? (paraphrased)
A: (paraphrase) There are three paths: 1. ATVM loan application for $186 million. 2. Crowd funding. 3. Ongoing reservations for the car. These three will get us there. But you don’t want all your eggs in one basket for something this size, “so there are two additional independent paths if one of these three doesn’t come through, but in this venue I don’t have time to explain them all.”

Tells me the two additional independent paths are private investors that will fund it completely but Paul would have to "Share Control" which is why he doesn't want to talk about it. He is somewhat willing to give up the one thing he holds so dear just to make sure it happens at all.
For that I do have to respect him for doing everything he can to make sure it does happen.

Except there's no mention of those two sources in the offering statement. Everything is laid out in there (ATVM loan, deposits). That tells me he's not confident enough in them to actually mention them to the SEC. Hopefully I'm over thinking things.

 

[AriLea]

Except there's no mention of those two sources in the offering statement. Everything is laid out in there (ATVM loan, deposits). That tells me he's not confident enough in them to actually mention them to the SEC. Hopefully I'm over thinking things.

He really doesn't like to mentions things he doesn't have to. The 'other-two' are not things actually in play, and apparently won't enhance the submission, so he doesn't.

 

[Ian442]

You can always tell the smartest guy in I.T., he looks like a homeless person, unkept beard, flip-flops, tie-died t-shirt, brings his dog into work.
Makes $140K and knows EVERYTHING, yea, I don't judge by clothes too much anymore, I've been around some smart people and they are hard to tell from Dead Heads, and sometimes they are Dead Heads too..

I am an that IT guy that you speak of somewhat. I don't dress 100 percent professional because of my work environment. I get downright filthy dirty at times as much as HVAC and other tradesmen do with some of the spots I wind up.

I have jeans and sneakers and only occasionally polo shirts because they just don't breathe like good cotton t shirts do. I have ripped pants and shirts alike going through some areas to get the job done.

 

[ecdriver711]

He is not required to mention other funding that would only be used if the government denies the loan guarantee.