Shreveport Plant Operations And Personnel Questions

[3 Card]

Your numbers are real close to what I figure, too.

And a final thought /red flag.. When a start up company tells you they are going to go in production in 2013 then delays it until 2014 and again to 2015 isn't a red flag?... A production delay of 30 or 60 days is reasonable or even 90 days..I'll give them that benefit of a doubt but when they say another year TWICE it means they either do not know what the hell they're doing, they counted on the 200,000 million being raised from eager buyers, 200,000 reservations or both..If I told you I'd be over June 1st to mow your lawn then called to say my mower is in the repair shop but would be there June 15th you might be ok with it... If I later called and told ya July 1st you'd be suspicious..Then called again telling you sometime in August you'd figure out I don't own a lawn mower or can't afford to get it out of the shop..Me, I don't need weeds growing knee high to ascertain something ain't right with Elio's story..

 

[creekstone]

The bottom line is if Elio does not come up with 15,000 more reservations with the majority being 1000 bucks in the next 4 or 5 months there won't be an Elio going through an assembly line.

It's not quite that simple. Elio Motors is NOT solely dependent on reservations to raise capitol. They will lean on investors. (And placing an all-in reservation does not make you an investor.) I'm talking about guys with deep pockets (who risk $20M like I risk a $100 Elio reservation).

The real strength of reservations is driving momentum (from a marketing perspective) and proving a broad interest to potential (AND existing) investors.

 

[creekstone]

When a start up company tells you they are going to go in production in 2013 then delays it until 2014 and again to 2015 isn't a red flag?... A production delay of 30 or 60 days is reasonable or even 90 days.

Just today, Honda announced an AT LEAST six month delay on a plant they are building in Thailand.

Also, due to production delays, BMW has an 11,000+ backorder for their i3.

If existing successful automotive companies can experience delays, well, think about starting from scratch.

 

[creekstone]

You may also recall Paul Elio Recently brought in another investor just to secure the GM plant , oh , just to secure a rental not a purchase.

While technically correct, that was a win-win-win situation for Caddo Parrish, IRG (Stu Lichter) and Elio Motors. Let me explain why...

Caddo Parrish bought the ENTIRE plant from Racer Trust for $7.5M. They did their due diligence in advance; the land and salvage value of the buildings exceeded the purchase price. Best case scenario, they make a nice profit, bring jobs to Shreveport, and generally help the overall economy. Worse case, still money ahead.

IRG (Shreveport Business Park, Stu Lichter) will develop the ENTIRE plant (with or without Elio) for a nice profit. AND he has the right to buy the ENTIRE plant from Caddo Parrish down the road.

Elio Motors has a home for the equipment they already bought from Racer Trust (that cost more than the ENTIRE plant). IRG gave Elio Motors a very favorable initial lease agreement. And here's the real kicker, not only did Elio Motors not come out of pocket for the ENTIRE plant (when they only needed a portion), the terms of the final agreement with Caddo Parrish stipulated that IRG (Stu Lichter) give Elio Motors $7.5M at closing.

Win-Win-Win. Sometimes being a renter makes more sense than being an owner.

 

[Jim H]

Come back with some good news,,I promised my niece one for her birthday next year.. I want her to be popular in college, poor kid won't have much going for herself other than intelligence and an Elio, hell she's almost as ugly as me..

Not Possible (hehehe)

 

[3 Card]

It's not quite that simple. Elio Motors is NOT solely dependent on reservations to raise capitol. They will lean on investors. (And placing an all-in reservation does not make you an investor.) I'm talking about guys with deep pockets (who risk $20M like I risk a $100 Elio reservation).

The real strength of reservations is driving momentum (from a marketing perspective) and proving a broad interest to potential (AND existing) investors.

Never said I was an investor, I'm a fucking customer, Did you read that ? I've been following Elio since 2008, many investors commited and many dropped out after not getting any where near the pre=orders Elio thought they would, The first two deep pocket as you say fellows who were going to help secure the GM plant backed out.. The people designing the 3 cylinder held up production because Elio could not pay at the time produce it, Their finance plan has changed several times..As I said they do not count 100 down payments as firm sales nor do they rely on 100% of the 1000 all in's to follow through..I paid in knowing it was more than a 50% chance it would not happen..

 

[Jim H]

The bottom line is if Elio does not come up with 15,000 more reservations with the majority being 1000 bucks in the next 4 or 5 months there won't be an Elio going through an assembly line.. They practically stated that to us when we signed on / sent our deposits..Risk and possibility kissing your $$ were spelled out several times..So far 3 different start up dates..It's a simple build, they have suppliers and vendors lined up..The only thing holding up start up is not enough buyers..We can help fix that by ordering 2 with the max deposit..Creditors , suppliers, and vendors are not going to move forward on making Elio parts by taking the word of a few thousand people that have put up a 100 bucks.. Also the four thousand who have sent 1000 dollars ain't gonna convince anyone to get started..If you want to see the email I got from them when I asked financial questions I'll post it again,,Basically it said I should have known it was a risk and their exact words were "you are not guaranteed a car ..

If that's what it takes to get this going count me in for another $1K. I'll keep it in storage and sell it later

 

[3 Card]

If that's what it takes to get this going count me in for another $1K. I'll keep it in storage and sell it later

That's the spirit..

 

[3 Card]

While technically correct, that was a win-win-win situation for Caddo Parrish, IRG (Stu Lichter) and Elio Motors. Let me explain why...

Caddo Parrish bought the ENTIRE plant from Racer Trust for $7.5M. They did their due diligence in advance; the land and salvage value of the buildings exceeded the purchase price. Best case scenario, they make a nice profit, bring jobs to Shreveport, and generally help the overall economy. Worse case, still money ahead.

IRG (Shreveport Business Park, Stu Lichter) will develop the ENTIRE plant (with or without Elio) for a nice profit. AND he has the right to buy the ENTIRE plant from Caddo Parrish down the road.

Elio Motors has a home for the equipment they already bought from Racer Trust (that cost more than the ENTIRE plant). IRG gave Elio Motors a very favorable initial lease agreement. And here's the real kicker, not only did Elio Motors not come out of pocket for the ENTIRE plant (when they only needed a portion), the terms of the final agreement with Caddo Parrish stipulated that IRG (Stu Lichter) give Elio Motors $7.5M at closing.

Win-Win-Win. Sometimes being a renter makes more sense that being an owner.

Elio is shooting for about 25% of rental space, Many vendors and Elio part manufacturers plan to produce parts in the same gm plant.. Saving shipping and parts on time troubles, changes,expense etc..All this was not Elio's first plan or even the second..

 

[creekstone]

Never said I was an investor, I'm a fucking customer, Did you read that ?

I never said you were an investor.
I have no doubt that plenty of folks you deal with think you're a f***ing customer.