Funding Refused By Paul Elio

[Reid3400]

Take a look at the people in camera range at most of the events.
As far as the people "buying in right now", I don't think the demographics are much different.
.

The people in camera range at many events are typical age because they have retired and do not need to be at work. Not necessarily a cross section of the line-up for the ride.

 

[outsydthebox]

... PE did the initial research and purchased 16 re-manufactured Geo engines, which are powering all of the demo vehicles so far....

So...That puts 4 engines in each of the 4 prototypes?

Just kidding!!! Actually It makes little difference weather or not the Geo engines were capable of meeting the requirements or not. As has been stated, since the engine is no longer in production, and the dies and mold are not available (and the technology is a quarter of a century old), a total redesign was needed.

 

[pistonboy]

So...That puts 4 engines in each of the 4 prototypes?

That is a lot of engines left over. What are they going to be used for? Lawn mowers?

 

[Thomas Maule]

That is a lot of engines left over. What are they going to be used for? Lawn mowers?

sell em...

 

[Reid3400]

That is a lot of engines left over. What are they going to be used for? Lawn mowers?

I wonder why they bought 16 in the first place? Just another of the Elio mysteries. Maybe there are more than 4 vehicles?

 

[Elio Amazed]

The people in camera range at many events are typical age because they have retired and do not need to be at work. Not necessarily a cross section of the line-up for the ride.

I disagree.
If I were 'not of retirement age', was within driving distance of an event...
And was thinking about plunking $100 to $1000 down...
Work would have to do without me for one day.

What about the pictures of weekend events?

Supporting what I said earlier, those metro engines were probably for plans B through M o_O.

 

[Reid3400]

I disagree.
If I were 'not of retirement age', was within driving distance of an event...
And was thinking about plunking $100 to $1000 down...
Work would have to do without me for one day..

Would it not be a better decision to keep on working, earn the $100, save the cost of driving, thus eliminate the cost of your place in line to buy a ticket with the money you saved? Or do you work for minimum wage and math was not your best subject?

 

[BADBOY]

I want my Licorice ASAP; having said that Elio is Paul's idea and he has got it where it is now. Like it or not, he has the right to accept funding when and from whom and under what criteria he chooses. He can (hopefully not) shut down the whole thing rather than agree to any loss of control. Like it or not the Elio is his .

 

[pistonboy]

First, the best IPO candidates have revenues, are cash flow positive and are selling product. Second, an IPO is NOT for start-up money. That's what the private equity business is for. PE won't go public "unless he needs to", because he does not want to dilute his and other insider control. IPO money is usually for large-scale roll-out, substantial expansion or acquisitions.

I am glad you are commenting. This forum is heavy on technical knowledge and lite on financial knowledge.

How does EM qualify then for an IPO? What is a large-scale roll-out and is this how EM would qualify for an IPO?

 

[Reid3400]

Maybe the rules have changed? It was common practice to buy a shell company, roll your entity into it and then do an IPO. Common practice for air mines in the pink sheets. Maybe this is no longer possible in the US?