Watashiwah
Elio Addict
What happens if they don't file on time, what happens if they don't file at all?
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New Sec Filing
- Thread starter Johnny Acree
- Start date
RSchneider
Elio Addict
There is some more good news with the new lobbying firm that replaced the old one for Elio. Looks like the man upstairs is lending a hand in the Elio lobbying effort but unofficially.
https://www.politico.com/story/2017/11/15/inside-the-lewandowski-embassy-244910
https://www.politico.com/story/2017/11/15/inside-the-lewandowski-embassy-244910
Donnyboy
Elio Addict
No one at the Pink Sheets would even care. They could report nothing for the next year and be fine with their Pink Sheet listing. But since they're working hard to get on NASDAQ they will very likely keep reporting.
The Pink Sheets are literally the wild west: This is right from the Pink Sheets website:
The Open Market
The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.
That's where Elio resides right now, not because they did anything wrong, but because they're small and starting up! If they can make the move to NASDAQ investors will take notice big time! For example mutual fund companies will want to tour their operations and hold meetings. It will be very good!
Elio is not pink,it is listed as a QXNo one at the Pink Sheets would even care. They could report nothing for the next year and be fine with their Pink Sheet listing. But since they're working hard to get on NASDAQ they will very likely keep reporting.
The Pink Sheets are literally the wild west: This is right from the Pink Sheets website:
The Open Market
The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.
That's where Elio resides right now, not because they did anything wrong, but because they're small and starting up! If they can make the move to NASDAQ investors will take notice big time! For example mutual fund companies will want to tour their operations and hold meetings. It will be very good!
Sailor Dog
Elio Addict
No one at the Pink Sheets would even care. They could report nothing for the next year and be fine with their Pink Sheet listing. But since they're working hard to get on NASDAQ they will very likely keep reporting.
The Pink Sheets are literally the wild west: This is right from the Pink Sheets website:
The Open Market
The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.
That's where Elio resides right now, not because they did anything wrong, but because they're small and starting up! If they can make the move to NASDAQ investors will take notice big time! For example mutual fund companies will want to tour their operations and hold meetings. It will be very good!
The highest quality OTC stocks are on the OTCQX, followed by lower quality OTC stocks on OTCQB, and 'bottom of the barrel' OTC 'penny' stocks on Pink Sheet. ELIO is on OTCQX, Electra Mecannica on OTCQB. Can't think of a Pink Sheet auto stock...
Regardless of whether on OTCQX, OTCQB or Pink Sheet tier...a company can usually choose from several financial reporting standards, but ELIO would need to meet the Reg. A reporting standard which requires quarterly financial reports....and necessary to move up to the NASDAQ.
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Last year they filed on the 18th, maybe it was not due until today. This would let them report on Monday.
Elio Amazed
Elio Addict
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Donnyboy
Elio Addict
It's hard to say when they're going to file their next report and when a NASDAQ announcement will come. Why do you figure it will be good if they don't receive their NASDAQ listing? I believe the ATVM loan is directly tied to raising money through a NASDAQ IPO. But even if the ATVM loan is a dead end, I can't think of any other way Elio raises capital beside NASDAQ. So basically it's NASDAQ IPO or hang the out of business sign in the window. It's a must at this point.