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What Is Elio Stock Trading For Today?

Rickb

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Is there 'big' news on the horizon? I'd be happy just to see Paul say or do something....

It would be nice to believe that Paul is still in there, fighting the good fight. There is no doubt (very little, anyway), in my mind, that Paul started this with the best of intentions; why else would he put his name to it and not just call in the "Dale, part deux"?

Why put his name on It? Marketing........the face and the story behind it. Who wouldn’t believe this trustworthy face?
CDE29DBB-146B-4893-8CA9-5A938A9535BB.jpeg


Unfortunately, no longer credible.
 
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booboo

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Elio Amazed

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Is there 'big' news on the horizon? I'd be happy just to see Paul say or do something....

It would be nice to believe that Paul is still in there, fighting the good fight. There is no doubt (very little, anyway), in my mind, that Paul started this with the best of intentions; why else would he put his name to it and not just call in the "Dale, part deux"?
There will be no more mention of the scam that rhymes with "ale". That prop was nothing but a plywood shell.
It was promoted by a very dubious individual, and worst of all, it was the color that will not be named that rhymes with "mellow".
The two "vehicles" and their backgrounds are not even comparable. I've yet to see an Elio that rhymes with "mellow".

--Sincerely, Dale.
 

Travelbuzz1

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One of the other things to consider was that the goal was $25M and they raised $16M. they only got 64% of the money raised that they needed. There was lots of talk about how successful the IPO was but when you really look at it, it failed.

I ask this, what has changed since that February 2016 IPO to now make investors ready to throw money at the company? The only things I can tell are that they built 3 E-Series and announced a few letters of intent. The bad, is that they went from $312M to $376M on what it would take to go into production. As we all know, the real number is $531M. Then they never built the other 20 e-series and then never sold or built those 100 fleet Elios. Finish it off, they stopped all shows and the tour for about a year. When things were humming along with lots of announcements, shows and reservations, they could only raise 64% of their goal. Now things don't look much better and the goal is $100M.

If there was real progression the last 1.9 years since the IPO, then I could see that this will work but they have dug the hole deeper and thus it'll be harder to get out. Let's hope that big news is actually bug news as opposed to some of the other big news announcements that turned out to not be so big.
They only needed 12 mil.
 

Rob Croson

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Elio raised $4M more than the minimum yet only built 3 out of the 25. Another way to put it, they raised 33% more than what they needed as a minimum yet only produced 12% of the product. Something went really wrong and thus, a failure.
I agree with that. That is one of my major disappointments: the failure of the A+ funds to generate the stated prototypes. I understand that the majority of the funds went to redesign into the stamped frame instead of welded tube frame, and the improved NVH as assisted by Roush. But still, the failure to get the E series built is a rough one to get over.
 

Rickb

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I agree with that. That is one of my major disappointments: the failure of the A+ funds to generate the stated prototypes. I understand that the majority of the funds went to redesign into the stamped frame instead of welded tube frame, and the improved NVH as assisted by Roush. But still, the failure to get the E series built is a rough one to get over.
The Elio’s Frame redesign can be done with sophisticated Engineering CAD software which would take considerably less than $16 Million. SONDORS designed, engineered, and built one refined looking prototype for $1 Million.
 
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