What Is Elio Stock Trading For Today?

[Ty]

A survey of 35 people? Seriously?

I guess they took a survey at a family reunion....

I liked this part "disparate rediculaous business"

 

[ABC123]

Technically, this decade ends Dec 31, 2020, and the next one begins Jan 1, 2021. Dang it! I just gave Paul another year for his ‘end of the decade’ comment.

Tick-tock, those of us remaining have no choice but to wait a little longer.

 

[RSchneider]

Technically, this decade ends Dec 31, 2020, and the next one begins Jan 1, 2021. Dang it! I just gave Paul another year for his ‘end of the decade’ comment.

Tick-tock, those of us remaining have no choice but to wait a little longer.

I go by what 99% of the people say and plus what 100% say in business. My guess is that if we go by your version of the decade, Elio Motors will not be exporting their product and hit that date let alone exporting one from the inside the Shreveport plant to the parking lot.

 

[Rabrandt99]

For some reason it's not letting me quote all of RSchneider's post, but this bit is fascinating to me...

"Elio Motors, a car manufacturer that Byrne has previously said was working on a token issuance with tZERO, will not be among the first issuers on the platform, Noursalehi said. Elio wants to code a more complicated functionality into their tokens, like allowing token holders to get their ordered cars faster, and working on that will take more time, he explained."

This seems like it confirms what Patrick Byrne said on Bruce Fenton's periscope chat about a year ago... where people buying Eliocoins would auction autocycles in production, get 'bumped' in line and receive cars earlier, as an incentive for investing in the company. Unless I'm misunderstanding what's being said here, that's what I'm taking from it (and, frankly, I'm fine with it if it gets me an Elio sooner versus never).

Here's the Periscope video for reference: https://www.pscp.tv/brucefenton/1ypKdmQdgvrGW

 

[raptor213]

By the end of the year we will have Eliocoin!

Having read the full source article from CoinDesk (https://www.coindesk.com/hong-kong-...verstock-investment-ends-with-5-million-close), I don't interpret what's written as any sort of promise or guarantee of a timeline for ElioCoin making it onto tZero's ATS. On the contrary, my takeaway was the exact opposite of RSchneider's rosy outlook. Patrick Byrne reportedly targeted to generate $404 million in external investment in his tZero brainchild. But estimates later dropped to $100 million, then $30 million, and now a firm $5 million from GSR. So tZero has a funding problem and appears stalled for the time being. The Overstock earnings call reportedly mentioned the plausibility of funneling cash from the parent company down to tZero, but Overstock is not exactly liquid on its own merits. Plus the shout-out mentioning Elio Motors detailed how rather than being one of the first STO's to launch on the platform, as had been previously stated publicly, complications have arisen and the ElioCoin is on the back burner until further notice.

If Elio Motors is hedging its future success on the cash raise generated by a successful STO launch on tZero, then that is not a bright future.

 

[Made in USA]

Eggs all in one basket? I don't get any warm fuzzy feeling from what Patrick Byrne said. His Overstock earnings call transcript gives me several impressions about the company. All of them were saying what great jobs they were all doing and the use of so many slides shows they like pictures better than plain numbers. I am also concerned that they are not focused on just one or two businesses. Looks more like a dozen or so. I believe this is like a scatter gun approach. Surely one of them might be successful?

https://seekingalpha.com/article/42...yrne-q1-2019-results-earnings-call-transcript

 

[RSchneider]

There is something that I find interesting. Elio Motors can't tell us a thing about their fundraising efforts, yet Overstock can. I was assuming that they needed to raise an initial $25M from accredited investors, then the STO goes live. Now no mention of the $25M and that it'll take until the end of the year to recode the Eliocoin.

- Did Elio already raise the $25M and the only thing holding them back are a few computer programmers?
- Did Elio not raise the $25M and this recoding is just an excuse to just move the goalpost further away and give all of the stakeholders in Elio Motors, the 30th countdown clock to good times?
- Did Elio get suckered into Pats scheme to launch tZero and the big numbers promised and all it's turning out to be is yet another countdown clock that need to reach zero before Elio can start their countdown clock to Eliocoin then that starts another countdown to Elio Motors going to production?
- When Pat keeps talking about how people with these tokens will move up in the line or get their cars first, are there people out there who will get the ElioCoin just for that or wanting to make money? To me, for people to invest that type of coin, a $7500 car is not high on their priority list.
- Why does Pat get to talk about Elio Motors fundraising efforts yet Paul can't?
- Will Paul do a press conference today or will it be a year since he's said a word?

 

[Made in USA]

Maybe he'll say something in the blog today? Ha Ha. Very doubtful. I was thinking about the Ohio governor meeting and perhaps Paul was being used by the governor to get a commitment from Workhorse to buy the plant quicker, thinking there is competition.

 

[RSchneider]

Maybe he'll say something in the blog today? Ha Ha. Very doubtful. I was thinking about the Ohio governor meeting and perhaps Paul was being used by the governor to get a commitment from Workhorse to buy the plant quicker, thinking there is competition.

I think it was both sides using each other. I guarantee you that Stu knew that Workhorse was talking to GM long before it came out. He knows GM, knows what to do with old GM plants and Ohio knows what he did when he repurposed an old GM plant in that state. Elio had a chance to make big news and maybe see a 214% increase in their stock price and jumpstart their funding efforts. The Gov did it to push someone to get in that plant and I bet he already knew about Workhorse (they are an OH company) and this just jumpstarted that whole process.

The Gov looks better and Elio had the chance for lots of press, scare LA and lots of money (Workhorse stock jumped 214%). The problem was the Elio PR thing just fell on deaf ears and only the hard core Elio Owners found this information. Even the typical magazines that ripped on Elio relentlessly, never picked up the story. It was a risk and never worked out.

On a side note, Workhorse applied for an ATVM loan a year and a half ago. Still haven't got it.

 

[Bookly]

- Did Elio already raise the $25M and the only thing holding them back are a few computer programmers?
- Did Elio not raise the $25M and this recoding is just an excuse to just move the goalpost further away and give all of the stakeholders in Elio Motors, the 30th countdown clock to good times?
- Will Paul do a press conference today or will it be a year since he's said a word?

Sigh. If there were any actual news whatsoever, Elio would shout it. Look at press releases in the past. They even did a press release on selecting a paint provider.
If Elio had enough new money to buy coffee and Post-It notes Paul would announce a strategic partnership and memorandum of understanding with Keurig.

There is nothing.

Do you need this in multiple languages? Nada. Nichts. Niente.