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Made in USA

Made in USA

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I guess it might be a question of what "production" means. If they started up slowly and only made one Elio a day, that could be considered production. If you calculate the fastest output one line could produce every week, that would give an idea of how efficient they are. They are not going to start up the line at full speed. So my guess is that yes, they could start production by 2019, but it will take time to ramp up to a full capacity speed. If I recall, they also have other lines they could start up as well. It will also take some time to get all the new employees trained. Still, I'm hopeful.
 
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Travelbuzz1

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Sailor Dog

Sailor Dog

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OSTK hit $48 this morning up $9.40 or over 24%, amazing gain for a mature company...on the strength of tzero after weak quarterly earnings headwind. Long term looks better. Tzero picked up a lot of the talent from OSTK, intentionally, but it hurt short term profits.

Trillions & trillions of dollars are untapped in Asia & Africa, Eliocoin will lead the 63 stos I think it was, that have been fully screened...out of well over a thousand who have applied. Eliocoin just needs a very thin slice of the accredited worldwide $$$ pie. Talent, investors & companies want to work for tzero, invest with tzero, list with tzero. The future of investing, the rest will follow, the future of transportation, the rest will follow. Better (and more profitable) to be positioned on the cutting edge of change when you thought you knew who the leaders & therefore winners would be.

I think some on this forum were bullish on ELIO because of the overwhelming negativity towards ELIO... especially by the media. After all, we are herd animals, so we need to get out of our comfort zone.
 
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RSchneider

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Travelbuzz1 said:
Car manufacturer Elio Motors just announced a token sale for its own ElioCoin. The token sale, scheduled for 2019, will help the startup fund production of its vehicle.
https://bitcoinexchangeguide.com/el...urrency-is-coming-with-overstock-partnership/
Click to expand...
It says "scheduled" not "it will". So, I have my doubts that the timeline has started and production will start in 2019. Elio is almost 4 weeks past their 76 week timeline and they only got $2.5M in cash when they needed $33M in cash to start the timeline. If something has changed, I'd sure like to see that information.

With STO's just because Eliocoin is offered, doesn't mean they get full funding on day one. As we all watched, it took tzero about 6 months longer than planned to get their funding.

This explains it here:
Elio Motors has not yet announced how their ElioCoin will work. However, if the company is successful, they could launch their $7,500, three-wheeled, highly-fuel-efficient vehicle before the end of 2019.
Click to expand...
 
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Travelbuzz1

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RSchneider said:
It says "scheduled" not "it will". So, I have my doubts that the timeline has started and production will start in 2019. Elio is almost 4 weeks past their 76 week timeline and they only got $2.5M in cash when they needed $33M in cash to start the timeline. If something has changed, I'd sure like to see that information.

With STO's just because Eliocoin is offered, doesn't mean they get full funding on day one. As we all watched, it took tzero about 6 months longer than planned to get their funding.

This explains it here:
Click to expand...
It seems that Elio Motors along with Overstock.com have plenty of time and staff to make ELIOCOIN work in their time table for early 2019. The SMELL of $$$$$$ is over whelming to both companies and Elio in particular wants everyone off of their backs for the delays of this product for SO LONG!

How Will ElioCoin Work?
Soon after announcing the Overstock.com investment news, Elio Motors announced its security token sale for Elio Coin.

Elio Motors has partnered with JonesTrading for the security token offering, making this the first digital token sale led by a major investment bank.

As a regulated security token sale, ElioCoin’s ICO will only be available to accredited institutional investors – so unless you work for a major financial institution or fund, you won’t be able to purchase ElioCoin for your crypto portfolio anytime soon.

It’s not totally clear how ElioCoin will work. The Verge is reporting that investors will be able to redeem ElioCoin tokens for a real Elio vehicle. Others suggest that ElioCoin will represent a share of Elio common stock.

Elio Motors has not yet announced how their ElioCoin will work. However, if the company is successful, they could launch their $7,500, three-wheeled, highly-fuel-efficient vehicle before the end of 2019. Stay tuned for more information as the ElioCoin token sale continues to roll out.
 
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RSchneider

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As it sits (quoting someone else) "It's as clear as mud."

So it's just speculation covered by the official catch words or "scheduled" and I assume when Elio cranks out the good news on the latest blog it'll include the word "targeted".

I'm just going to go back to "coming soon" with the official Eliocoin website.
 
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