I Have Given Up On Elio, Have You?

[RSchneider]

This whole thing has degenerated into silly nonsense. I was also one of the "hopefuls", wanting and rooting for Elio Motors to succeed. Even though I easily recognized that bringing a NEW product to a NEW market from a NEW enterprise will almost always spell disaster from day one. And sure enough, Elio Motors has been a farce from its inception. Unsubstantiated, grandiose claims of unbelievable fuel economy, while providing reasonable performance and all at a low, low, low cost were just ridiculous. But many folks, fervently wanting to believe Elio Motor's marketing lies were taken in. Well that money is long gone and that's a shame. I never invested a penny, even though I wanted and still want Elio Motors to succeed. It's simply not going to happen.

Maybe look into a $1K non refundable deposit on the Meyers EV then.
https://myersev.com/
They even have the Legacy Edition:
https://myersev.com/editions.html#header3-jn

 

[Rickb]

Rob, Check out the Arcimoto FUV or SOLO only if interested and either happens to meet your everyday urban commuting needs.

 

[wjdom]

It's all you can do, keep the faith.

Cross place this where you think is appropriate:

I have been a hopeful supporter of Elio since 2014, I'm all in SIL #9044 and have stock in Elio. However on Sept. 29, 2019 my son Alan (who was also "All In") was killed in a tragic accident. I wrote to Elio requesting a refund on behave of his widow Kristen. Elio responded quickly and said they would refund his deposit and it would take approx. two weeks. A month later I wrote again stating Kristen had not received the refund, and Elio replied that they were having scheduling issues and that the refund has been approved and they will notify us when mailed.
I emailed Elio again another month later, this time all I got was the auto response that they received my email, no follow up from anyone with a pulse. Four months have passed since Alan's death and my request for his refund has not been completed.

I have been a long time advocate of Elio, and have never posted anything negative on this site, but I feel the "LIGHTS ARE OUT" at Elio when they choose to ignore an issue such as this. Regretfully, Walter Dominique #9044

 

[Made in USA]

A little ray of hope? From Seeking Alpha:

Overstock's tZERO may go outside Overstock for capital this year
Jan. 30, 2020 1:50 PM ET|About: Overstock.com, Inc. (OSTK)|By: Liz Kiesche, SA News Editor
The CEO of Overstock's (OSTK -0.4%) majority-owned tZERO blockchain-focused subsidiary said it "may become appropriate to approach external sources of capital in late 2020 or 2021," according to his letter to investors.

tZERO CEO Saum Noursalehi also said the company expects trading its third digital security on the tZERO ATS, formerly called the PRO Securities ATS, in coming weeks.

Long-term pipeline of potential issuers exceeds 200; potential issuers include real estate, investment funds, technology, film, and pharmaceutical companies.

Near term, tZERO expects real estate to be a leading asset class, followed by funds and other private companies.

Targets launch of tZERO Markets in H1 2020.

 

[Watashiwah]

Cross place this where you think is appropriate:

I have been a hopeful supporter of Elio since 2014, I'm all in SIL #9044 and have stock in Elio. However on Sept. 29, 2019 my son Alan (who was also "All In") was killed in a tragic accident. I wrote to Elio requesting a refund on behave of his widow Kristen. Elio responded quickly and said they would refund his deposit and it would take approx. two weeks. A month later I wrote again stating Kristen had not received the refund, and Elio replied that they were having scheduling issues and that the refund has been approved and they will notify us when mailed.
I emailed Elio again another month later, this time all I got was the auto response that they received my email, no follow up from anyone with a pulse. Four months have passed since Alan's death and my request for his refund has not been completed.

I have been a long time advocate of Elio, and have never posted anything negative on this site, but I feel the "LIGHTS ARE OUT" at Elio when they choose to ignore an issue such as this. Regretfully, Walter Dominique #9044

Walter, So sad to hear of your loss.....

This sad situation, is unfortunate on many levels: The one person who was able to ‘motivate’ Paul and Co. to do the right thing AND what they already promised is that investigative reporter, Joe Ducey, in Paul Elio’s hometown of Phoenix AZ.

It appears that Mr. Ducey may have been mollified by Paul’s excuses: this episode indicates that Paul isn’t performing what he again promised. I am forwarding this info to Mr Ducey. It also appeared that the local BBB in Phoenix may have pressured Paul into an earlier compliance resolution. In Alan’s case it looks like he was a ‘non refundable’ but nevertheless Paul did say he would process the refund?

Here’s Joe Ducey’s contact info, FYI:


jducey@abc15.com

 

[RSchneider]

A little ray of hope? From Seeking Alpha:

Overstock's tZERO may go outside Overstock for capital this year
Jan. 30, 2020 1:50 PM ET|About: Overstock.com, Inc. (OSTK)|By: Liz Kiesche, SA News Editor
The CEO of Overstock's (OSTK -0.4%) majority-owned tZERO blockchain-focused subsidiary said it "may become appropriate to approach external sources of capital in late 2020 or 2021," according to his letter to investors.

tZERO CEO Saum Noursalehi also said the company expects trading its third digital security on the tZERO ATS, formerly called the PRO Securities ATS, in coming weeks.

Long-term pipeline of potential issuers exceeds 200; potential issuers include real estate, investment funds, technology, film, and pharmaceutical companies.

Near term, tZERO expects real estate to be a leading asset class, followed by funds and other private companies.

Targets launch of tZERO Markets in H1 2020.

I wonder if this is what has been holding up Eliocoin? They were scheduled to launch it in December but heard nothing. I wonder if tZero needs more funding before they can get Eliocoin up and running? With tZero launching of these markets in H1 2020, that means we can start the countdown clock for the Eliocoin to be no later than July 1, 2020. With that, it means Elio can begin production December 15, 2021. That would bring it in under the 2022 date.

 

[Made in USA]

I wonder if this is what has been holding up Eliocoin? They were scheduled to launch it in December but heard nothing. I wonder if tZero needs more funding before they can get Eliocoin up and running? With tZero launching of these markets in H1 2020, that means we can start the countdown clock for the Eliocoin to be no later than July 1, 2020. With that, it means Elio can begin production December 15, 2021. That would bring it in under the 2022 date.

Not sure if Tzero is holding up the Eliocoin or if they want money from Elio to do the programming. Maybe both.

 

[RSchneider]

Not sure if Tzero is holding up the Eliocoin or if they want money from Elio to do the programming. Maybe both.

I just checked the blog and no update on tZero or the Eliocoin. I'll keep you up to date when that comes out on the blog. I assume that they are grinding away behind the keyboard, recoding it.

 

[Michael Casey]

Maybe look into a $1K non refundable deposit on the Meyers EV then.
https://myersev.com/
They even have the Legacy Edition:
https://myersev.com/editions.html#header3-jn

For $20,000, I'd rather buy a used Ford F-150. F the Planet.

 

[W. WIllie]

MhyersEv....Four levels of non refundable deposit!