Here We Are- End Of The First Quarter Of 2015!!-

[TeamCoconutOreo]

It would be awesome if a qualified investor created a way for us to invest in a fund that he/she would use to help fund EM. I'm not a rich man, but I can gamble a few hundred more on EM!

 

[BillJ]

If they need 125 million dollars to fund the Elio, all we need to do is have each of the 41000 current reservation holders kick in $3048.78, and Elio would be funded, THAT simple ! Then, each contributor would have a certain number of shares in the company, and would receive dividends on the profits.

If some of the people don't or can't contribute, open up some public investing invitations with a few ads in the car magazines, and newspapers, etc.

I'm sure it can be done. If we can put a man on the moon, we can get 41000 investors to kick in 3 grand.

 

[LillyMayPatterson #1685 & #5648]

Billj, You hit my thoughts exactly. I am not a wealthy person. I've been saving for my elios. I don't trust banks, health insurance, life insurance, property insurance, vehicle insurance or the government. But I do trust and believe in this ! If you math is right, as I believe and rounded up to make it easy and take up the slack, well I think it could and sure should be done just this way. But, I sell chicken eggs for cigarette money, who would listen to me. BTW, Good Morning my Friends. It's going to be a beautiful day. AND IT'S ALMOST FRIDAY !!!!!!!!!!!!!!!

 

[Nate_tx]

I agree! I was hoping to hear some sort of news regarding funding by now. It is a bit concerning...
Engine is probably still testing but should be ready soon to start production of some new ones and drop them into a p5 or mules.
Elio has enough money to run as is - I just dont know if they can progress towards 2016 without some investor capital going into q2/q3

 

[Graemexx]

He could always go public and issue only none voting shares. That would give smaller investors a chance to join in, while keeping complete control of the company. The downside would be that he would have to disclose his salary and bonuses.

 

[McBrew]

If they need 125 million dollars to fund the Elio, all we need to do is have each of the 41000 current reservation holders kick in $3048.78, and Elio would be funded, THAT simple ! Then, each contributor would have a certain number of shares in the company, and would receive dividends on the profits.

If some of the people don't or can't contribute, open up some public investing invitations with a few ads in the car magazines, and newspapers, etc.

I'm sure it can be done. If we can put a man on the moon, we can get 41000 investors to kick in 3 grand.

This won't work if you're counting on having that $3048.78 come off the price of your Elio. They'll need that money, too, when the time comes. The money they need now would be more of a long term investment.

 

[Smitty901]

He could always go public and issue only none voting shares. That would give smaller investors a chance to join in, while keeping complete control of the company. The downside would be that he would have to disclose his salary and bonuses.

Going public would add to many cost. That would be the end of ELIO.

 

[Graemexx]

Going public would add to many cost. That would be the end of ELIO.

Going public would take about two hours and cost between four hundred to eight thousand dollars, depending on the state registered and the lawyers fees.

 

[Graemexx]

I forgot that he has already incorporated. The cost involved would be two hours legal fees to split the stocks up between voting and non voting. Any brokerage company would gladly do the offering for free.

 

[Smitty901]

Going public would take about two hours and cost between four hundred to eight thousand dollars, depending on the state registered and the lawyers fees.

Now tell the rest of the story. Once you go public the regulation you come under the reporting the records add up fast. I own a small amount of stock in a public company that was the result of a sell off. It cost them more to send me all the required paper work than the stock is worth. They have offered me 4 times it's value to get me off their books but after 10 years I still refuse.
Once you go public it is very easy to lose control of your company