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Friday's The Big Day ... Or Is It?

How long will the engine run during the official "first start" ceremony?

  • Total voters
    85
  • Poll closed .
H

Horn

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Goofyone - where does it say that only 10% of EM equipment is on ebay. (Just curious)

Also the estimated value is 75-100M....they will NOT get 75M for the equipment.

They have to sell at a discount due to needing funding asap. Buyers know this. The big pricey equipment is considered Long Term Assets.....usually harder to sell and at a bigger discount.

The buyers' have the upper hand.

In terms of the engine, i want to see it run. I highly doubt it runs much more than 5 mins. You better believe if the media is there, everything will be in top notch shape to make sure it goes according to plan. It's just a "dog and pony show"....not a dig on EM, all companies do it.
 
H

Horn

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Also, in terms of what has sold, the highest priced item sold (that you can see on ebay) was $2,200 unless I missed one.

I would guess there is $15,000-20,000 sold in January. I believe they started mid month, so lets say 2 weeks.

I did see that there was a $20,000 item that had an offer. It is safe to assume that if it was a good offer, it would be immediately accepted. This is speculation - it could have been a ridiculously low offer. No idea of knowing.

Also, a press release by EM http://www.eliomotors.com/the-elio-plant-equipment-11615/
says that the current list is valued at $17M and represents less than 15%. To be save, 17M/15% equals almost $113M....not 75-100M.

Now another factor to consider is selling fees (which could be factored into appraised value) could be anywhere from 6-20% imo. Ebay gets a cut, seller gets a cut, some smaller items may be paid with paypal which is about 3%. If not there may still be other fees factored in.

More important is when they get significant proceeds. They need it ASAP, not at the end of the year.
 
Ekh

Ekh

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I'm guessing here, but I suspect the stuff is listed on eBay just because there's so much of it. But I suspect that Comeau is also privately search for buyers; they need to make money from these sales and are deeply experienced in this market place. That said, I have no idea what the actual final value of the stuff will turn out to be -- my guess is far less than Elio hopes, since the world economy is slowing down except for the U.S.

As for timing, I'm sure everybody involved wants the stuff moved ASAP -- but ASAP may turn out to be a year or more. If I were Paul, this one would be keeping me up at night.
 
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