Something’s Gotta Give.....

[Sega]

You guys should enlarge the bad management. That's the most important thing.

 

[Sega]

COOL CAR,
AWESOME CONCEPT,
flat broke?

Cool Car,
Awesome Concept,
Tacos are delicious?

 

[BaldGuy]

1. I can go get a website right now. No big deal.
2. A blog..... really?
3. There is absolutely no reason to throw in a towel. What good would that do for Paul Elio? He is married to this project. He might not have thrown in the towel, but he is down by 28 points with 40 seconds left.

Reminds me of advice once about picking an expert in (i think) martial arts to teach you. It said don't be too impressed with the trophies they might have at their place. It said if you are still impressed, visit a trophy shop.

 

[Rickb]

You guys should enlarge the bad management. That's the most important thing.

Sorry there is no bad management at EM. Elio Motors has brought together people from radically different marketing/retail sales/customer service fields and is one of the most highly successful startup vehicle marketing (based on the 4 must haves) and fundraising (over $141 Million) companies without a product to sell. Credit due for EM's Marketing successes: 65,000 reservations, REG A+ $16 Million funding round to complete the E Builds and testing ("a process that will take 4-6 months to complete"), and meeting the OTC market requirements milestones.

However, I look at the Elio team member job titles and wonder what the 5-6 figure salaried 12 team members do all day when there is no product to sell, no real customers, no retail centers, no finalized specs, no supplies needed, no test driveable validated preproduction Elio, and no future customer experience beyond marketing Elio prototypes test sit and touch experiences over 9 years. Sometimes it takes awhile.

 

[Johnny Acree]

Remember the Peter Windsor US F1 race team?
He had a grand idea, but no clue what it takes to start a F1 team. So, yes, it happens.
I remain positive about Elio, but with my eyes open.

 

[RSchneider]

Remember the Peter Windsor US F1 race team?
He had a grand idea, but no clue what it takes to start a F1 team. So, yes, it happens.
I remain positive about Elio, but with my eyes open.

You never know, the Elio toaster might be under your Christmas tree this year:

 

[Sega]

RickB, if you are going to talk about their successes, don't ignore the failures. Many times they have missed deadlines. This car was suppose to come out in 2014. Issues with the plant. (I thought it was originally going to be made in Michigan).

Stock has dropped from $40 to $4 in a year and a half. Dropped $20 in the last year. Reservations don't mean anything right now. They are a good marketing team. They also lied (imo) to several people to get those reservations. They kept pushing this ATVM loan when they could never get it. They weren't qualified for it. They kept blaming the gov't for it.

They have no plan right now other than to hope some magic billion comes in and gives Paul a blank check. They barely have any money in the bank. That is bad management.

 

[Sailor Dog]

Sorry there is no bad management at EM. Elio Motors has brought together people from radically different marketing/retail sales/customer service fields and is one of the most highly successful startup vehicle marketing (based on the 4 must haves) and fundraising (over $141 Million) companies without a product to sell. Credit due for EM's Marketing successes: 65,000 reservations, REG A+ $16 Million funding round to complete the E Builds and testing ("a process that will take 4-6 months to complete"), and meeting the OTC market requirements milestones.
View attachment 22231

Giving you a like for the first half only , Rick.

 

[Sailor Dog]

They kept pushing this ATVM loan when they could never get it. They weren't qualified for it. They kept blaming the gov't for it.
[/QUOTE]
The DOE (the gov't) asked ELIO MOTORS to apply for the ATVM loan.

 

[Sailor Dog]

They have no plan right now other than to hope some magic billion comes in and gives Paul a blank check. They barely have any money in the bank. That is bad management.[/QUOTE]
That's what the NASDAQ raise & ATVM loan will do...only $376 million to get it done a bargain by ICE new start up or model standards... try that billion that was mentioned.