What Is Elio Stock Trading For Today?

[Samalross]

Still above $5.96 no worries

 

[booboo]

Y U NO make my 4 letter word on 3 wheels ?

 

[Donnyboy]

$5.50 close on 8,500 shares. Not a good day.

 

[Samalross]

They will have to bump it up to $5.96 tomorrow or a lot of shares will be able to be sold.

 

[wizard of ahs]

All of those at the same time?
Some of us would probably have a heart attack or a climax..

If those are my 2 choices,...........I'll go with climax

 

[Samalross]

Stock below 5.95 for two trading days. Do you think that they made a new deal with suppliers, or that they will let stock go float freely?

 

[Sailor Dog]

Stock below 5.95 for two trading days. Do you think that they made a new deal with suppliers, or that they will let stock go float freely?

Please explain...I think I like.

 

[Samalross]

Please explain...I think I like.

It looks like Elio was paying for stuff with Elio shares. The price was $5.95. I think that the suppliers could not redeem them as long as the shares were worth more than $5.95. Being below $5.95 for two trading days would entitle the suppliers to sell the shares. Thats why I think that Elio gave the suppliers more shares and a lower price point. Should find out, if a lot of shares are sold tomorrow. If not we will find out next SEC report.

 

[Watashiwah]

It does look like there are people trying to sell multiple medium sized blocks of shares, ranging from about $ 7,000 to $ 18,000....

 

[Samalross]

It does look like there are people trying to sell multiple medium sized blocks of shares, ranging from about $ 7,000 to $ 18,000....

Yes, I'm confused. My best guess is that not everyone agreed to a lower price with more stock. Be interesting to see the next SEC report to try and figure out what is going on