What Is Elio Stock Trading For Today?

[RSchneider]

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.

So this means, that Paul (the face of the company) should not address all of his stakeholders, stockholders and reservation holders? That the silent treatment is the best way to go about this? At this point, the die hard Elio supporters are nowhere to be found. There might be a few here or there but I'd think that a good realistic pep talk would do wonders for the company. It literally is an "all eggs in one basket" mentality people have. It's a big massive check or we just wait. During that period of waiting when nothing is being reported, the CEO has been MIA for a year, this is not a way to keep the people that trusted you, to keep that trust.

Something as simple as this: We are still working on funding but we are doing this for you, the ones that put your trust in our dream. We are still here and still doing everything we can to get that funding. We might not get all of the funding at once but when we do get some, you will see progress and as we know in the past, when we show progress, the more funding comes in and we get closer to the finish line. So, I know there are the detractors out there but instead of listening to them, I'm here to let you know that we here at Elio Motors, are doing our best to get this product out there and make a real difference in America. Thanks for your time listening to us today. We truly appreciate it.

Honestly, who would like to hear that or just get the silent treatment?

 

[84mpg]

I agree 100%. I’m about as hard core fan as they come.

Paul - if you read these posts, you need to take the above advice in post #2892.
Without fans, supporters you will never have a vehicle. It takes both funding AND buyers. Don’t lose your buyers.

 

[Marshall]

I find myself checking in periodically even though I never expect anything new.

 

[KD]

I find myself checking in periodically even though I never expect anything new.

By now, all of us old timers expectations are being met. I hate to be a neagative Nelly, but I finally believe this is the death knell. The heartbeat be faint, but...

 

[Karg]

As long as their web site keeps selling non-refundable reservations and people keep buying their stock, Elio will stay in business, even though they probably will never actually produce a car, or meet any of their reservation holder's expectations.

 

[Made in USA]

From the Elio Investor section:

$102M Raised

$24.1M Reservations Received1

$411.6M Potential Orders Represented1

1. (as of June 30, 2016)

So they don't even know how many potential orders they have received for the last three years? I would think that any investor would want to know what the current numbers are before investing. I'm sure they know, but perhaps don't want to waste their time telling the "public". It might be in the next SEC filing but we will have to wait and see.

(To put it another way - Why should I invest $300 million if you can't even count how many reservations you have?)

 

[RSchneider]

From the Elio Investor section:

$102M Raised

$24.1M Reservations Received1

$411.6M Potential Orders Represented1

1. (as of June 30, 2016)

So they don't even know how many potential orders they have received for the last three years? I would think that any investor would want to know what the current numbers are before investing. I'm sure they know, but perhaps don't want to waste their time telling the "public". It might be in the next SEC filing but we will have to wait and see.

(To put it another way - Why should I invest $300 million if you can't even count how many reservations you have?)

I would think they would update the numbers. As of June 30, 2018 it was 65,460 reservations totaling $28M. From May 11, 2018 Paul said that it was $700M in sales. Cash Investment $41.6M, Loans $38M and $28M in reservations totaling $107.6M. I know those numbers are 11 months old so whenever the next SEC filing comes out, then those numbers I listed, should be updated.

Here Elio webmaster, I have updated your numbers. Please update the website.

$107.6M Raised

$28.0M Reservations Received1

$700.0M Potential Orders Represented1

1. (as of June 30, 2018)

 

[Made in USA]

As of 1:45 EST Elio stock is down to $2.00
Pat Byrne just sold 500,000 shares of Overstock. (Still has about 5 million shares).
Byrne sold 500K shares this week split between a sale of 250K shares at $13.33 on May 13 and 250K shares at $12.84 on May 14. (Just over $6.5 million total)

Perhaps another lifeline for Elio?

 

[raptor213]

As of 1:45 EST Elio stock is down to $2.00
Pat Byrne just sold 500,000 shares of Overstock. (Still has about 5 million shares).
Byrne sold 500K shares this week split between a sale of 250K shares at $13.33 on May 13 and 250K shares at $12.84 on May 14. (Just over $6.5 million total)

Perhaps another lifeline for Elio?

Even if that were the case, just as the original $2M lifeline didn't get Elio Motors any closer to production readiness, neither will another $6M now.

I suspect this unachievable spiral is partly to blame for Elio's inability to garner any notable investor interest with deep pockets. Sure, some ambitious entrepreneurial minds with a few million to throw at a startup might bite. And that'd be just great.

But what's the most recent financial target set at? Something like $356M was needed prior to the power train commitment in order to be in a position to roll final production vehicles off the assembly line for customer delivery.

The reported savings attributed to the power train decision allegedly brings that grand total down to like $236M of newly generated fundraising needed. Anything short of that is wasteful spending on the part of any single investor or cumulative group of investors, because it wouldn't be sufficient to produce anything.

The Elio project truly is an all-or-nothing investment proposition, which is why nobody has stepped up to the plate.

 

[Made in USA]

From what I can tell Elio stock dropped to $2.00 and there were only 582 trades yesterday (5/16/19). Something up?