Funding Refused By Paul Elio

[TexasTesla]

Jones trading is placing those Eliocoins. They were doing it through October 15, 2018 (which was a year ago). Hopefully they got that $25M filled and the Eliocoin can go live come December.

FYI... JonesTrading Institutional Services LLC never completed Elio Motors application for issuing the ”ElioCoin” STO...it was DOA from day one...just another one of Patrick Byrne’s unworkable financial schemes...

Elio Motors did not meet the necessary financial guidelines as required by the SEC...

This is the same outcome when Elio Motors attempted to list on the NASDAQ stock exchange several years ago...

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[TexasTesla]

On September 20th, 2018 Paul Elio made the following public statement...

"This is a watershed moment for Elio Motors," said Paul Elio, CEO. "Our newest partnerships with Dr. Byrne and other major institutional investors have further crystallized our vision of bringing the Elio to production. We look forward to the launch of ElioCoin and offering secondary trading on tZERO's security token platform."

Today’s reality is...Paul Elio has disappeared...Patrick Byrne left overstock.com in disgrace ...tZERO is in disarray...and “ElioCoin” never materialized...

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[RSchneider]

I checked on the Elio website and they are updating the Investor page. So that tells me there's an update coming really soon:
http://ir.eliomotors.com/

 

[Made in USA]

I checked on the Elio website and they are updating the Investor page. So that tells me there's an update coming really soon:
http://ir.eliomotors.com/

Tried following the link and it reports that the account has been suspended.
No payment or maybe updating?

 

[RSchneider]

Tried following the link and it reports that the account has been suspended.
No payment or maybe updating?

With the Eliocoin being recoded and coming out at the end of the year along with the positive email that Cross got, I'd guess they are changing the investor page to accommodate the Eliocoin because that's where you will be investing from here on out.

I also have noticed that for the last 6 months, you can't make a reservation. You can go through the process but the cart is always empty. So I suspect they are updating it for when the Eliocoin comes out as interest in Elio builds and more reservations come in. It would be cool if the new T-Shirt has the Eliocoin logo on it.

 

[Samalross]

With the Eliocoin being recoded and coming out at the end of the year along with the positive email that Cross got, I'd guess they are changing the investor page to accommodate the Eliocoin because that's where you will be investing from here on out.

I also have noticed that for the last 6 months, you can't make a reservation. You can go through the process but the cart is always empty. So I suspect they are updating it for when the Eliocoin comes out as interest in Elio builds and more reservations come in. It would be cool if the new T-Shirt has the Eliocoin logo on it.

Never heard of any real news of the Eliocoin coming out for a long time.

 

[RSchneider]

Never heard of any real news of the Eliocoin coming out for a long time.

I'm too lazy to look it up but it was on one of the quarterly conference calls with Dr. Byrne when he was still CEO of Overstock. It was along the lines of them recoding it and it'll be out by the end of the year. We are in the 4th quarter of 2019, so we are getting closer to the end of the year. The pre sale is to raise up to $25M then it'll go public, which can raise more. So the next few months are going to be exciting.

Maybe Elio will then release what engine Roush picked for them. With 110hp, that 1,350lb Elio is going to be a blast to drive all while getting 84 mpg. A 2019 MX-5 with the new 181hp motor is at 13.2 lbs/hp while the Elio is a staggering 12.3. If you like a Miata, the Elio will blow it's doors away. No wonder why Elio got Roush involved. The Roush package for the Elio could easily take it into Mustang territory.

 

[dbacksfan81]

The presale ended 10/15/18

JonesTrading Institutional Services LLC is acting as the placement agent for the pre-sale which will continue through October 15th, with the company reserving the right to extend or terminate the pre-sale at its sole discretion. Units in the pre-sale offering are constituted of ElioCoin Tokens and Series E preferred equity convertible at $10 per share. Following the pre-sale, Elio plans to launch a more broadly marketed main sale of the ElioCoin. This sale will be conducted in the same spirit as the company's long-stated goal of building a vehicle affordable to a wide range of consumers. Details on the main sale will be forthcoming after the conclusion of the pre-sale. As currently planned, the main sale will also be conducted pursuant to Regulation D of the Securities Act.

Neither the ElioCoin nor the Series E have been registered under the Securities Act and neither may be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements. In addition, as a condition to the sale of the Series E, the company has agreed to file a re-sale registration statement with the U.S. Securities and Exchange Commission for purposes of registering the re-sale of the shares of common stock issuable upon conversion of the Series E.

https://www.prnewswire.com/news-rel...en-pre-sale-to-fund-production-300716124.html

 

[Made in USA]

Now if Elio Motors/Paul Elio will just put out a "forward looking statement" which is allowed by the SEC, maybe there could be some hope.

 

[84mpg]

Welcome to the Elio forum.