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raptor213

Elio Addict
Joined
Jun 3, 2016
Messages
270
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Location
Livonia, MI
Rick Deckard, one of three site administrators for the closed Facebook group "Elio Motors Owners Association", resides in Phoenix and attended Monday's 2017 ELIO Annual Shareholders Meeting. Below are his unofficial minutes from the event:

"
Elio Investor / Stockholder meeting May 15th 2017

I didn’t copy down the exact numbers but this is what passed

ELECTION OF DIRECTORS – Nominees passed. 23million and change to 25million and change for passage of each director

Paul Elio
Stuart Lichter
James Holden
David C. Schembri
Hari Iyer
Kenneth L. Way

PLAN OF DOMESTICATION has been approved only 200 voted against.

Other info:
Domestication in Delaware makes Elio Motors more attractive to investors. When Elio goes into production it helps the overall company.

Where they are in the financing cycle – Unfortunately SEC has them in handcuffs in regards to this. But there were somethings that Paul released:
Elio only needs 276 Million to be invested they can borrow 100 million on their own.

Only 6.5% of the people in the US are aware of the Elio Vehicle
76 Week timeline from acquisition of funding to production is pretty solid and is not an overly optimistic goal if anything it is reserved perspective.

All the chief officers and board members converted any notes to stock options and are continuing to invest in Elio Motors to keep them viable while funding efforts continue.

It looked like one of the funding efforts this past year was going to fulfil their round of funding but fell through at last minute.
5 million of equipment has been sold but Camau has had to hold back on selling all the robotics in large groups that is overstock since too much released too fast would depress the market.

The paint line is currently overkill and will need to be replaced because the cost to run the current line in utilities is 8x’s more than an entire new line with utilities is worth.

Elio has talked with the people involved with Ican’s takeover of Pep Boys and they are still on board.

Paul feels extremely confident in the next round of funding will go Elio’s way. Current Macro Economics is good.

They are doing what they can to get in front of the right people in the Government and the White House. They are also pursuing what the real resolution is with ATVM funding and if the past monies that was set aside is still available they will continue to pursue this but at this stage it is not known if this has been totally eliminated or what.

Suppliers are still working on things and a lot of them have invested in Elio with manpower and loans – an example is ASIN Group has extended loans to Elio Motors with the result of the repayment being only a slight cost increase of the Tranny’s to repay them. Paul mentioned how grateful he is to the suppliers and their support … he also mentioned a story about a 4.5MM interference on the ASIN Tranny and the IAV engine. ASIN sent out two US Engineers and two from Japan, IAV sent out some engineers to solve the problem on their dime along with some from internal team just to solve the problem. This is just one example of the Depth of the Relationships these suppliers have with Elio Motors.

Another example is that during the Detroit Auto Show one of the board members of Bosh came out to the Bosh booth and the only other place they visited was Elio Motors. He has a bunch of photos taken with The Elio which he asked if he could use in a meeting he had with Bosh in Germany. … Which of course was allowed.

One thing that Paul felt that was unexpected is the longest lead in this whole process for development and certification is the programming for the ABS, traction and stability control and get this all programmed. Continental is still in process of completing the programming for this.

One of the things Paul wished they had done differently is that with REG-A plus there is lack of analyst coverage on the stock and he wished they would have put that analyst coverage in place.

Another shared story was that Jo Borras was at the Detroit motor show and was very positive about the results and quality of the E1C which floored everyone at the EM booth

All and All I felt it was a very good meeting. Paul and the CFO were very positive – I felt they were all being very honest and they had proper body language to support there was no deception. Paul looked tired but with all his running around that is understandable. Paul was very upbeat and shared as much as he could – you could tell he just wanted to reveille more but had his hands tied. He was very relaxed since this was not a hostile environment. But with us and the suppliers and the rest of Elio covering Elio Motors back … This is going to happen just not in as quick a manner as we all would like. . High end business and financing takes time.
"

Sounds like the management team may be in northern Indiana tomorrow to discuss revamping the Shreveport factory's seven independent paint lines with Creative Liquid Coatings, Inc.
 

larryboy

Elio Addict
Joined
Apr 17, 2014
Messages
248
Reaction score
625
Location
Springfield NE
Rick Deckard, one of three site administrators for the closed Facebook group "Elio Motors Owners Association", resides in Phoenix and attended Monday's 2017 ELIO Annual Shareholders Meeting. Below are his unofficial minutes from the event:

"
Elio Investor / Stockholder meeting May 15th 2017

I didn’t copy down the exact numbers but this is what passed

ELECTION OF DIRECTORS – Nominees passed. 23million and change to 25million and change for passage of each director

Paul Elio
Stuart Lichter
James Holden
David C. Schembri
Hari Iyer
Kenneth L. Way

PLAN OF DOMESTICATION has been approved only 200 voted against.

Other info:
Domestication in Delaware makes Elio Motors more attractive to investors. When Elio goes into production it helps the overall company.

Where they are in the financing cycle – Unfortunately SEC has them in handcuffs in regards to this. But there were somethings that Paul released:
Elio only needs 276 Million to be invested they can borrow 100 million on their own.

Only 6.5% of the people in the US are aware of the Elio Vehicle
76 Week timeline from acquisition of funding to production is pretty solid and is not an overly optimistic goal if anything it is reserved perspective.

All the chief officers and board members converted any notes to stock options and are continuing to invest in Elio Motors to keep them viable while funding efforts continue.

It looked like one of the funding efforts this past year was going to fulfil their round of funding but fell through at last minute.
5 million of equipment has been sold but Camau has had to hold back on selling all the robotics in large groups that is overstock since too much released too fast would depress the market.

The paint line is currently overkill and will need to be replaced because the cost to run the current line in utilities is 8x’s more than an entire new line with utilities is worth.

Elio has talked with the people involved with Ican’s takeover of Pep Boys and they are still on board.

Paul feels extremely confident in the next round of funding will go Elio’s way. Current Macro Economics is good.

They are doing what they can to get in front of the right people in the Government and the White House. They are also pursuing what the real resolution is with ATVM funding and if the past monies that was set aside is still available they will continue to pursue this but at this stage it is not known if this has been totally eliminated or what.

Suppliers are still working on things and a lot of them have invested in Elio with manpower and loans – an example is ASIN Group has extended loans to Elio Motors with the result of the repayment being only a slight cost increase of the Tranny’s to repay them. Paul mentioned how grateful he is to the suppliers and their support … he also mentioned a story about a 4.5MM interference on the ASIN Tranny and the IAV engine. ASIN sent out two US Engineers and two from Japan, IAV sent out some engineers to solve the problem on their dime along with some from internal team just to solve the problem. This is just one example of the Depth of the Relationships these suppliers have with Elio Motors.

Another example is that during the Detroit Auto Show one of the board members of Bosh came out to the Bosh booth and the only other place they visited was Elio Motors. He has a bunch of photos taken with The Elio which he asked if he could use in a meeting he had with Bosh in Germany. … Which of course was allowed.

One thing that Paul felt that was unexpected is the longest lead in this whole process for development and certification is the programming for the ABS, traction and stability control and get this all programmed. Continental is still in process of completing the programming for this.

One of the things Paul wished they had done differently is that with REG-A plus there is lack of analyst coverage on the stock and he wished they would have put that analyst coverage in place.

Another shared story was that Jo Borras was at the Detroit motor show and was very positive about the results and quality of the E1C which floored everyone at the EM booth

All and All I felt it was a very good meeting. Paul and the CFO were very positive – I felt they were all being very honest and they had proper body language to support there was no deception. Paul looked tired but with all his running around that is understandable. Paul was very upbeat and shared as much as he could – you could tell he just wanted to reveille more but had his hands tied. He was very relaxed since this was not a hostile environment. But with us and the suppliers and the rest of Elio covering Elio Motors back … This is going to happen just not in as quick a manner as we all would like. . High end business and financing takes time.
"

Sounds like the management team may be in northern Indiana tomorrow to discuss revamping the Shreveport factory's seven independent paint lines with Creative Liquid Coatings, Inc.

Thanks, very good information. Just a couple of questions that have bugged me for a long time. Is there a staff associated with AVTM? Are they just sitting on their hands? How about the congress critters from LA? Are they just sitting on their hands? Thanks
 

Doug McDow

Elio Addict
Joined
Nov 9, 2016
Messages
620
Reaction score
1,100
Location
Southwest
Rick Deckard, one of three site administrators for the closed Facebook group "Elio Motors Owners Association", resides in Phoenix and attended Monday's 2017 ELIO Annual Shareholders Meeting. Below are his unofficial minutes from the event:

"
Elio Investor / Stockholder meeting May 15th 2017

I didn’t copy down the exact numbers but this is what passed

ELECTION OF DIRECTORS – Nominees passed. 23million and change to 25million and change for passage of each director

Paul Elio
Stuart Lichter
James Holden
David C. Schembri
Hari Iyer
Kenneth L. Way

PLAN OF DOMESTICATION has been approved only 200 voted against.

Other info:
Domestication in Delaware makes Elio Motors more attractive to investors. When Elio goes into production it helps the overall company.

Where they are in the financing cycle – Unfortunately SEC has them in handcuffs in regards to this. But there were somethings that Paul released:
Elio only needs 276 Million to be invested they can borrow 100 million on their own.

Only 6.5% of the people in the US are aware of the Elio Vehicle
76 Week timeline from acquisition of funding to production is pretty solid and is not an overly optimistic goal if anything it is reserved perspective.

All the chief officers and board members converted any notes to stock options and are continuing to invest in Elio Motors to keep them viable while funding efforts continue.

It looked like one of the funding efforts this past year was going to fulfil their round of funding but fell through at last minute.
5 million of equipment has been sold but Camau has had to hold back on selling all the robotics in large groups that is overstock since too much released too fast would depress the market.

The paint line is currently overkill and will need to be replaced because the cost to run the current line in utilities is 8x’s more than an entire new line with utilities is worth.

Elio has talked with the people involved with Ican’s takeover of Pep Boys and they are still on board.

Paul feels extremely confident in the next round of funding will go Elio’s way. Current Macro Economics is good.

They are doing what they can to get in front of the right people in the Government and the White House. They are also pursuing what the real resolution is with ATVM funding and if the past monies that was set aside is still available they will continue to pursue this but at this stage it is not known if this has been totally eliminated or what.

Suppliers are still working on things and a lot of them have invested in Elio with manpower and loans – an example is ASIN Group has extended loans to Elio Motors with the result of the repayment being only a slight cost increase of the Tranny’s to repay them. Paul mentioned how grateful he is to the suppliers and their support … he also mentioned a story about a 4.5MM interference on the ASIN Tranny and the IAV engine. ASIN sent out two US Engineers and two from Japan, IAV sent out some engineers to solve the problem on their dime along with some from internal team just to solve the problem. This is just one example of the Depth of the Relationships these suppliers have with Elio Motors.

Another example is that during the Detroit Auto Show one of the board members of Bosh came out to the Bosh booth and the only other place they visited was Elio Motors. He has a bunch of photos taken with The Elio which he asked if he could use in a meeting he had with Bosh in Germany. … Which of course was allowed.

One thing that Paul felt that was unexpected is the longest lead in this whole process for development and certification is the programming for the ABS, traction and stability control and get this all programmed. Continental is still in process of completing the programming for this.

One of the things Paul wished they had done differently is that with REG-A plus there is lack of analyst coverage on the stock and he wished they would have put that analyst coverage in place.

Another shared story was that Jo Borras was at the Detroit motor show and was very positive about the results and quality of the E1C which floored everyone at the EM booth

All and All I felt it was a very good meeting. Paul and the CFO were very positive – I felt they were all being very honest and they had proper body language to support there was no deception. Paul looked tired but with all his running around that is understandable. Paul was very upbeat and shared as much as he could – you could tell he just wanted to reveille more but had his hands tied. He was very relaxed since this was not a hostile environment. But with us and the suppliers and the rest of Elio covering Elio Motors back … This is going to happen just not in as quick a manner as we all would like. . High end business and financing takes time.
"

Sounds like the management team may be in northern Indiana tomorrow to discuss revamping the Shreveport factory's seven independent paint lines with Creative Liquid Coatings, Inc.
Thanks Raptor, you have made my day!:p
 

ABC123

Elio Aficionado
Joined
Dec 18, 2016
Messages
85
Reaction score
78
Location
Rochester, NY
If you get a chance to attend in person, you should do so. Often the executive team and board members are in attendance. It's a bit of PR, but you can ask them questions, and sometimes they answer them. Do this before the meeting starts. Mostly it's a chance to have your voice heard when your impact is drowned out by the major stock holders.

The presentations are scripted. These are what's filed and you see these transcripts on Edgar. The Q&A is the only unscripted portion, usually limited to current or past documented shareholders. Some companies have you register before being allowed to pose a question. The priority for questions usually go to the big investors/institutional buyers first, then if time remains, goes to smaller individual shareholders. If you have a question, don't wait until the meeting is over, as the leaders and board members leave quickly for other closed-door meetings.

This is my experience from participating in another company's annual shareholder meeting. Your experience may vary.
 

Johnny Acree

Elio Addict
Joined
May 12, 2014
Messages
1,529
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2,573
This one surprised me.
One thing that Paul felt that was unexpected is the longest lead in this whole process for development and certification is the programming for the ABS, traction and stability control and get this all programmed. Continental is still in process of completing the programming for this.
 

Johnny Acree

Elio Addict
Joined
May 12, 2014
Messages
1,529
Reaction score
2,573
Well it has been almost a year that Continental has been working on this. AND at that time, we were told we would be driving our Elio by now.
Elio Motors Momentum v61

View attachment 19992
First E-Series Vehicle Revealed

The energy in the room consisted of both excitement and a sense of pride and accomplishment as we prepared our first E-Series vehicle – the E1A – for debut in front of what turned out to be a standing-room-only, capacity crowd of Elio Motors’ suppliers and invited guests at our Pilot Operations Center in Livonia, Mich. We’ve been sharing details about the progress of the first E-Series vehicle for the last few weeks, but there’s nothing like seeing the finished product unveiled for yourself.

The E1A sat patiently under a green Elio Motors cover as Paul Elio spoke about the challenges that the company had overcome to get to the testing and validation stage represented in the E-Series. Finally, with the jingle of keys in Paul’s hand, the cover was removed, and the E1A made its first public appearance before a crowd of more than 250 attendees.

View attachment 19993
Paul Elio addresses a crowd of more than 250 at the reveal for the first E-Series vehicle.

After the keys were ceremonially passed from Paul Elio to a Continental representative, the Elio Motors supply partner that, among other components, will be calibrating the anti-lock braking system on the vehicle, the reveal was complete. View attachment 19994
The unveiling of the E1A resulted in a standing ovation from the suppliers, government officials and Elio Motors employees attending the event.

The crowd, which included engineers and executives from more than 82 different suppliers, media outlets, a handful of elected officials (including U.S. Congressional Representative Debbie Dingell), Elio Motors board members, and a number of company executives, gave the revealed E1A vehicle a standing ovation. This unveiling signified the progress that the company had achieved in reaching this phase of testing.
 
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