The non refundable and commitment to purchase for $7000 will in my opinion be considered a down payment. Their defense would have be they were never planning to build.
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New Sec Filing
- Thread starter Johnny Acree
- Start date
Travelbuzz1
Elio Addict
Well, your opinion and those who brought the suit seem to be the same.
Doesn't matter what I think, only what the judge does. I don't envy the Elio lawyer arguing how Elio can not afford $500,000 when they are planning on raising $360,000,000.00
Sailor Dog
Elio Addict
The point is that the fine violates the law as it is written... probably unconstitutional as well. Guaranteed to be thrown out at sooner or later
wizard of ahs
Elio Addict
Travelbuzz1
Elio Addict
Your going to lose.
The IPO will probably not happen until the fine in Shreveport is resolved. I believe fines are to punish, not destroy, and thus the fines are geared to the assets and income the company has. By having only $4,500, the fine would be small. If the fine was decided after the IPO, EM would have all the money and the court would order EM to pay all of it.
EM would not want to have the IPO until after the fine is resolved.
EM knows what it is doing.
EM would not want to have the IPO until after the fine is resolved.
EM knows what it is doing.
Wonder how long it takes to go to court in Louisiana?
LillyMayPatterson #1685 & #5648
Elio Addict
Well, Looks like my guess of a February IPO is looking good.
Sailor Dog
Elio Addict
Hoping sooner