RUCRAYZE
Elio Addict
BTW- the "clothing line" was a subcontractor who used products NOT produced in America.
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What Is Elio Stock Trading For Today?
- Thread starter Ekh
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RSchneider
Elio Addict
Since this is the Elio Stock thread, there's one thing that does worry me. It took over 2 months of Elio not reporting that got them to Pinks. I've seen this before where a company fails to report and there's a lag time. Elio was late a year ago and never went to pinks. The other issue is that when you do report, it takes about the same period of time to get off of Pinks. OTC seems to be slow at moving people from one to another. When Elio does do their SEC report, they might be sitting around for a bit until they move off of Pinks. Currently right now, Elio stock is slowly going downhill. It's not going to be a massive drop like some think but it's not going to get better. Right now it's just day traders playing with it as most probably have no idea what Elio does. One thing that does happen, the lower it goes, the volume goes up. Then it gets to the point where people are splitting pennies and then tenths of a penny if it goes low enough.
I just hope Elio would change their mind and file as the Eliocoin will be subject to the SEC rules at the whole STO thing is to be securitized. As in the words of Paul, "They will follow the SEC rules." Following the SEC rules doesn't mean following the European or Asian rules of reporting.
I just hope Elio would change their mind and file as the Eliocoin will be subject to the SEC rules at the whole STO thing is to be securitized. As in the words of Paul, "They will follow the SEC rules." Following the SEC rules doesn't mean following the European or Asian rules of reporting.
84mpg
Elio Addict
If it has any chance at all - Elio has got to get it together.... like yesterday. Sticking their head in the sand (and not reporting) ain’t gonna cut it. I’m not much into stocks - but I know enough to understand the severity of this situation. They’re digging the hole deeper each day.
C’mon Paul.... quit digging and make this happen.
C’mon Paul.... quit digging and make this happen.
I don't think anything is going to happen any time soon. 'Elio' isn't selling stock. Paul and others might be, but Elio Motors isn't all that attached to the stock price right now. I don't think there's anything they could do solely to raise the stock price, even filing the SEC documents (although they should be very enlightening). The only thing that will raise the stock price is some extremely positive news. We've all been waiting for that for quite a while. It could still happen, too.
I don't see them filing for Bankruptcy any time soon, either. The only reason you do that is to protect yourself from your creditors. I don't sense their creditors are breathing down their necks. We've already seen the equipment in the plant has little value, and more auto plants are getting shut down all the time, making that market even worse. Even the plant itself has plenty of competition for anyone looking for one. I am surprised Shreveport has been as quiet as they have the last year or so. They'd been squawking pretty steady for quite a while. Have they given up?
No one is going to buy EM. Why would they? Love of debt? All us reservationists are a significant liability, not to mention all the loans and fines. There isn't even a final design. If someone wants to build a 3 wheel vehicle, buying EM would be the worst thing they could do.
Finally, I find I disagree with many of you about the viability of a new IC based 'car'. Every automaker in the world is working on electrics. Some countries are already scheduling when fossil fueled vehicles are going to be forbidden. Ford and GM are winding down their small car lines because no one is buying them. Yes, there's more profit in big SUV's and trucks, but if people were lining up to buy a Ford Focus, or a Chevy Cruze, they'd still build them. They're not, not for much longer. Yes, I know an Elio 'could' get 84 MPG, but I'm not convinced enough people care. The ones who do are going Electric, or at least Hybrid. Part of my commute is a 2 lane, state highway, with little opportunity to pass, resulting in 15-20 car parades. It's not unusual to only have 2 or 3 'cars' in those parades, everyone else driving SUV's or Pickups. The fact that in the entire world, no one one is even working on something like the Elio is telling. You can't convince me every automotive company in the world is missing a sure thing. 10 years ago it was a great concept, but trends change in 10 years. Right now Electrics have all the attention. Hydrogen could be next.
I'm all in. I'll still buy mine if it shows up, even though I'll be retired by then and my need for an Elio will be gone with that 2 lane commute. Not sure where I'll park it, as a new Civic Si Coupe which is currently getting 45 MPG in mixed highway/city driving has its spot in the garage. As my first boss would say "Those are the problems we like".
I don't see them filing for Bankruptcy any time soon, either. The only reason you do that is to protect yourself from your creditors. I don't sense their creditors are breathing down their necks. We've already seen the equipment in the plant has little value, and more auto plants are getting shut down all the time, making that market even worse. Even the plant itself has plenty of competition for anyone looking for one. I am surprised Shreveport has been as quiet as they have the last year or so. They'd been squawking pretty steady for quite a while. Have they given up?
No one is going to buy EM. Why would they? Love of debt? All us reservationists are a significant liability, not to mention all the loans and fines. There isn't even a final design. If someone wants to build a 3 wheel vehicle, buying EM would be the worst thing they could do.
Finally, I find I disagree with many of you about the viability of a new IC based 'car'. Every automaker in the world is working on electrics. Some countries are already scheduling when fossil fueled vehicles are going to be forbidden. Ford and GM are winding down their small car lines because no one is buying them. Yes, there's more profit in big SUV's and trucks, but if people were lining up to buy a Ford Focus, or a Chevy Cruze, they'd still build them. They're not, not for much longer. Yes, I know an Elio 'could' get 84 MPG, but I'm not convinced enough people care. The ones who do are going Electric, or at least Hybrid. Part of my commute is a 2 lane, state highway, with little opportunity to pass, resulting in 15-20 car parades. It's not unusual to only have 2 or 3 'cars' in those parades, everyone else driving SUV's or Pickups. The fact that in the entire world, no one one is even working on something like the Elio is telling. You can't convince me every automotive company in the world is missing a sure thing. 10 years ago it was a great concept, but trends change in 10 years. Right now Electrics have all the attention. Hydrogen could be next.
I'm all in. I'll still buy mine if it shows up, even though I'll be retired by then and my need for an Elio will be gone with that 2 lane commute. Not sure where I'll park it, as a new Civic Si Coupe which is currently getting 45 MPG in mixed highway/city driving has its spot in the garage. As my first boss would say "Those are the problems we like".
Rabrandt99
Elio Enthusiast
To be frank, going pink is not a great or encouraging sign for anyone who looks at Elio Motors as a potential investor.
But I do not believe it is the death knell of Elio Motors or that they're close to announcing bankruptcy.
It all boils down to the one item I keep coming across during my ongoing research into blockchain... tZero is meant be the Wall Street killer. Patrick Byrne and Medici Ventures have that as the #1 goal: make paper stocks and bonds go the way of the dodo and move everything into blockchain.
Patrick Byrne also constantly uses the phrase Paul Elio touts as being the biggest roadblock to getting Elio off of the ground, "Our capital markets are simply broken". That belief stems completely from how Wall Street is run today, and whether or not you agree with that assessment, tZero is meant to rectify that.
I would not be at all surprised if the decision to go pink was because of A: the belief that the stock wasn't going to go anywhere, B: the time/effort/cost to submit an SEC form was better suited to getting the Eliocoin finished and C: if tZero is the future and Wall Street will go down in flames, why bother with an antiquated business model to raise funds?
When you have someone like Patrick Byrne at your back, telling you that you're on the cusp of a new age of fundraising and that you'll get all you need and possibly more with his platform, why bother with the traditional anymore? They've done that and Eliocoin is the last hurrah, anyway. Plus, Patrick Byrne has flaunted the SEC before and come away with few scars, so if he could do it, why couldn't Elio?
Personally, for whatever reason they decided not to file with the SEC, I think it was a bad decision... for exactly the reason that RScheinder gave earlier: for the STO, they're going to have to file with the SEC for that, so why give the regulators reason to give you side-eye early?
In any event, until Patrick Byrne fervently decries Elio Motors in public or I see a news story about how Elio Motors is filing for bankruptcy, I'm keeping a glimmer of hope that perhaps I might get an autocycle. I'm just not expecting it in 2020 or 2021.
But I do not believe it is the death knell of Elio Motors or that they're close to announcing bankruptcy.
It all boils down to the one item I keep coming across during my ongoing research into blockchain... tZero is meant be the Wall Street killer. Patrick Byrne and Medici Ventures have that as the #1 goal: make paper stocks and bonds go the way of the dodo and move everything into blockchain.
Patrick Byrne also constantly uses the phrase Paul Elio touts as being the biggest roadblock to getting Elio off of the ground, "Our capital markets are simply broken". That belief stems completely from how Wall Street is run today, and whether or not you agree with that assessment, tZero is meant to rectify that.
I would not be at all surprised if the decision to go pink was because of A: the belief that the stock wasn't going to go anywhere, B: the time/effort/cost to submit an SEC form was better suited to getting the Eliocoin finished and C: if tZero is the future and Wall Street will go down in flames, why bother with an antiquated business model to raise funds?
When you have someone like Patrick Byrne at your back, telling you that you're on the cusp of a new age of fundraising and that you'll get all you need and possibly more with his platform, why bother with the traditional anymore? They've done that and Eliocoin is the last hurrah, anyway. Plus, Patrick Byrne has flaunted the SEC before and come away with few scars, so if he could do it, why couldn't Elio?
Personally, for whatever reason they decided not to file with the SEC, I think it was a bad decision... for exactly the reason that RScheinder gave earlier: for the STO, they're going to have to file with the SEC for that, so why give the regulators reason to give you side-eye early?
In any event, until Patrick Byrne fervently decries Elio Motors in public or I see a news story about how Elio Motors is filing for bankruptcy, I'm keeping a glimmer of hope that perhaps I might get an autocycle. I'm just not expecting it in 2020 or 2021.
Watashiwah
Elio Addict
Interesting, and I agree in principle but methinks you are omitting one key factor. Both Paul, now, and Pat, historically, are trying this tZerocoin venture primarily under duress. Pat would like everyone to believe that he is Don Quixote to Wall Street’s Windmills, and there is little question that Paul getting dangled a paltry $2.5million to ‘play’ is anymore involved in the cause than a ‘dog watching TV.’ IMHO, For Paul, this is purely fortuitous ‘damage control’, he gets to say ‘Your Honor, we tried everything to get funding, even bitcoins!’ (As a personal aside: this lousy $2.5million ‘red herring’ is fishy business. I would not be a bit surprised if Paul and Hari (out of their ESG Engineering Bankroll) didn’t orchestrate this: Pat has expressed, a few times, unfamiliarity with even the basics of Elio Motors, in general.
You give them both too much credit: Pat just has an axe to grind, (and his own Overstock problems as his shareholders ain’t too happy). Paul and Hari just want the clock to run out and the paying audience to go home (or die of old age) before they all bunch up in ‘the returns line’ when they realize there was no show (performance) at all. Paul doesn’t even want to bring out the Zamboni, as evidenced by his, now over a year, disappearance and the abysmal absence of any courtesy or news.
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RSchneider
Elio Addict
That's not true. They are not broken. It's that if you have a business that you can;t find investors, then the market seems broken to you. For what Paul said, it all made perfect sense until Atlis and Rivian got massive amounts of capital investment. When they did it proved that massive capital investment for something that's 5 years out of even making any money proves that the market is not broke. Paul claimed that the huge amount of capital investment ($376M) and 1.5 years until they turn a profit is not good enough but for some reason Rivian got $700M and $500M all while Atlis got $700M. These companies will not have a product for a while and they will be losing money hand over fist for much longer. The difference is, Atlis and Rivian do not have a one pony show when it comes to product and it was designed on throwing on various bodies to attract various markets. Elio has a single product that will attract one audience.
Even Tesla got lots of investment all while Elio went from being a startup to a seasoned 10 year old business. Tesla is still struggling. Paul and Pat are correct in the area of they offer a product that investors are not interested in. So it's broken due to lack of interest.
RUCRAYZE
Elio Addict
My pappy once said (maybe trice)
"A million dollar idea with 10 cents of advertising gets you 10 cents.
A 10 cent idea with a million dollars of advertising gets you millions"
IMO Paul meet/met the 1 mil product idea........and then......
"A million dollar idea with 10 cents of advertising gets you 10 cents.
A 10 cent idea with a million dollars of advertising gets you millions"
IMO Paul meet/met the 1 mil product idea........and then......
Made in USA
Elio Addict
Might just be noise, but just saw this on Seeking Alpha:
Overstock.com's tZero sees Android crypto app live in a few weeks
Overstock.com's tZero sees Android crypto app live in a few weeks
- Overstock.com's (NASDAQ:OSTK) tZero crypto unit CEO Saum Noursalehi lists a roadmap for 2019. Among the items:
- Sees crypto trading app on Android going live in the next few weeks.
- Aims to trade more security tokens; PRO Securities hopes to have 5 to 10 quality digital assets trading on the PRO Securities ATS. There is a pipeline of deals under the review.
- Sees tZero tokens issue in August 2018 in a private placement becoming freely tradeable by non-accredited investors in August 2019.
- Overstock.com slips 0.1% in after-hours trading.
Watashiwah
Elio Addict
I see Overstock stock falling by 10 to 15 percent initially, amid investor outrage. I think that eventually Pat Byrne will ‘step down’ (read: be forced out), and O never recovering. If Wall Street ‘stays healthy,’ alternatives won’t look so appealing and if we do suffer a real crash there won’t be much ‘overstock’ to remarket. A correction might help in the very short term.