What Is Elio Stock Trading For Today?

[RSchneider]

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

Those two trades were on the 15th as yesterday saw nothing. No news means no volume and it slowly goes down in price. It looks like it’ll go below the $2 psychological level. I honestly think Elio could care less about the stock price. It’s all about finding money. As we are seeing, the markets are not broken for funding projects like Elio. So I think Elio is doing something wrong.

 

[Made in USA]

Overstock.com CEO defends sale of shares
May 17, 2019 9:04 AM ET|About: Overstock.com, Inc. (OSTK)|By: Clark Schultz, SA News Editor
Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne maintains that he told shareholders a year ago that he would sell shares to fund different projects after

"I simply had to supplement my nominal salary with stock sales in order to fulfill personal commitments to invest personally in blockchain projects such as Medici Land Governance, along with a need to meet charitable pledges," writes Byrne amid some questions from shareholders.

Overstock.com fell 7% yesterday and is down 73% over the last 52 weeks. In premarket action today, OSTK is showing a 2.22% gain.

 

[mkiker2089]

I was a holdout believer myself, check my past posts to prove it. I made a prediction last year though and I'm sticking to it. Paul had a chance with Byrne. Even if Byrne was in it just for publicity then Paul still needed to use that publicity himself to get something moving, anything. Even if it meant just building 5 more prototypes for him and Byrne to loan out. He didn't. I said if we didn't hear anything by fall 2018 then the project is probably dead. I think I was right. That said I still have Elio stock. It's not worth selling right now and I want to see how far this can go.

My next prediction, and no I don't claim to know anything it's just a fun time passer, is that this will end ugly. A major lawsuit, the loss of assets, something. There's always a breaking point. How long until the breaking point? When will the GM plant be seized, when will a class action suit come forth?

I still hope I'm wrong but I'll be in a EM Solo anyway. I can't wait forever. If the Elio comes out then it'll be my 4th car, perhaps.

 

[Johnny Acree]

New low!
ELIO MOTORS, INC
OTC: ELIO
Markets Open

1.60
▼
-0.40
-20.12%

I think it traded even lower $1.26

 

[Samalross]

I'm guessing that it is because of fines starting next week, and that they still have not released 2018 10k

 

[RSchneider]

It's time for Paul to come out of hiding and address the people. It's not going to get any better.

 

[Johnny Acree]

Ever since EM went silent, many have ask WHY!
I came across an article that explains much of WHY, and what a public company can and can not disclose.
It's kind a long, so I'll just post the link.

https://www.inc.com/encyclopedia/sec-disclosure-laws-and-regulations.html

 

[Samalross]

Their failure to file quarterlies cost them the chance to qualify for Nasdaq. Not filing 10k in time for 2017 cost them the QX. They missed the deadline for filing 2018 10k. They have three more weeks to file 10k for 2018. If not. they will go to Pinks if someone registers a complaint. Being listed on Pinks will make it all but impossible to find investors.

 

[Elf]

I want my $100 back .

 

[Elio Amazed]

Last person out of here turns out the lights.