What Is Elio Stock Trading For Today?

[Made in USA]

Interesting article about Overstock and tZero and a new way to "manipulate" stocks from Seeking Alpha.

https://seekingalpha.com/article/4279718-overstock-com-new-kind-manipulative-game

Here are some paragraphs:

These shares are supposedly traded in on the “PRO Securities alternative trading system” operated by Overstock’s tZERO subsidiary. Thing is, of course, no normal broker actually trades on this “market” as of today.

Basically, the issuance of this digital asset now forces Overstock short sellers to turn around, register on this alternative market through deeply unknown brokers, and try to get some of these tokens to cover what they need to deliver. And the short sellers will have to do this on a market so shady that I couldn’t even get a Series A-1 quote.

The whole thing is so laughable that Overstock just launched the tZERO Crypto app for Android. I tried installing it to see if I could get a quote on the Series A-1 digital asset, but guess what:

• The application isn’t compatible with ANY of my Android devices (and I have at least five different Android devices).
• The application has only been downloaded “100-plus” times.

 

[Samalross]

Interesting article about Overstock and tZero and a new way to "manipulate" stocks from Seeking Alpha.

https://seekingalpha.com/article/4279718-overstock-com-new-kind-manipulative-game

Here are some paragraphs:

These shares are supposedly traded in on the “PRO Securities alternative trading system” operated by Overstock’s tZERO subsidiary. Thing is, of course, no normal broker actually trades on this “market” as of today.

Basically, the issuance of this digital asset now forces Overstock short sellers to turn around, register on this alternative market through deeply unknown brokers, and try to get some of these tokens to cover what they need to deliver. And the short sellers will have to do this on a market so shady that I couldn’t even get a Series A-1 quote.

The whole thing is so laughable that Overstock just launched the tZERO Crypto app for Android. I tried installing it to see if I could get a quote on the Series A-1 digital asset, but guess what:

• The application isn’t compatible with ANY of my Android devices (and I have at least five different Android devices).
• The application has only been downloaded “100-plus” times.

Overstock seems to be a very questionable company. It's stock is flying today because it is starting to lose less money. Elio set a all time low this morning. $1.20

 

[RSchneider]

Does anyone know when the next Overstock call with Pat? He gives the latest info when it comes to Elio. With all of the recoding of the Eliocoin going on, I’m wondering what the progress is on that. It would help as then we get a timeline as to when the new news will make the stock go back up. As of now, we are all hurting and with Pat doing the updates now, we need to shift our future on Overstock.

 

[Rabrandt99]

It was yesterday. Here’s a transcript link: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/overstock-com-inc-ostk-q2-062356125.html

No mention of Elio that I could see, but some interesting blockchain comments that may inform what Elio wants to do with their cryptocurrency.

Would write more, but have to run around town.

 

[Maurtis]

Speaking of ElioCoin, we are coming up on the anniversary of the pre-sale. Glad that went so well and we are on the road to production! They need to update www.eliocoin.com, still says "Coming Soon".

But seriously, it would have been nice to have heard what happened there, but I guess the lack of news meant nothing happened. Nothing at all...

 

[RSchneider]

Speaking of ElioCoin, we are coming up on the anniversary of the pre-sale. Glad that went so well and we are on the road to production! They need to update www.eliocoin.com, still says "Coming Soon".

But seriously, it would have been nice to have heard what happened there, but I guess the lack of news meant nothing happened. Nothing at all...

I while back Overstock gave an update on Elio Motors and the Eliocoin. There was something that had to do with Elio Motors recoding the Eliocoin and it was going to be done by the end of 2019. The recoding had something to do with Eliocoin holders going to the front of the line or something like that. It looks like recoding the STO takes a long time and thus I hope they can get it done soon. When I mean soon, like end of 2019 like Pat was indicating. It won't be long and we will all know what's going on with Eliocoin. I was hoping that Pat would going to give us another update on Elio Motors and I guess he forgot to do that. Maybe the Q3 report will get us up to date.

 

[Samalross]

I while back Overstock gave an update on Elio Motors and the Eliocoin. There was something that had to do with Elio Motors recoding the Eliocoin and it was going to be done by the end of 2019. The recoding had something to do with Eliocoin holders going to the front of the line or something like that. It looks like recoding the STO takes a long time and thus I hope they can get it done soon. When I mean soon, like end of 2019 like Pat was indicating. It won't be long and we will all know what's going on with Eliocoin. I was hoping that Pat would going to give us another update on Elio Motors and I guess he forgot to do that. Maybe the Q3 report will get us up to date.

Or Elio will talk about something more than old blogs

 

[Rabrandt99]

Okay, so since I have some time, here's my thoughts on the Overstock Q3 Call.

But first, here's the link to the actual slides used in the report: https://seekingalpha.com/article/4283689-overstock-com-inc-2019-q2-results-earnings-call-slides

I'll be copy/pasting the bits I found to be relevant, bolding and italicizing stuff I find to be important, but be aware, not all of it is going to be in order of appearance. It'll be linked by relevant topic.

NOTE: Keiretsu is a japanese term for a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.

[Every month, we get more comfortable with the ability of our current keiretsu companies to deliver on our vision of a blockchain tech stack for society. We continue to support the growth of the Company's already in the Medici Ventures family, and help them in or operate in a symbiotic way as we build a government as a service solution.
(...)
Slide 6. Each of our keiretsu companies continues to build and deploy meaningful products. Today, we'll focus on a few that have hit significant milestones in the previous quarter. As we had in the past, let's begin with tZERO.
(...)
Yes. Let's go to Slide 20. We've highlighted just four of our keiretsu companies. That doesn't mean that the others aren't making progress. Each is in its own pace and several are working together. For example this quarter, I was in Washington, DC, with the CEOs of GreenChain and Vincent that they presented to legislators and regulators how blockchain is being used in the supply chain area. Several of our keiretsu companies use Netkey as an identity vendor. And of course our world-class development team in Medici Ventures is working with some of our keiretsu companies to help develop products and get them into production. The symbiotic nature of the keiretsu model is really blossoming well.]

I surmise that the reason Elio wasn't mentioned is because they're still developing the Eliocoin and so the earnings call wanted to highlight the businesses that have produced something at this time (security, land titling, banking/currency, capital markets, supply chain, voting). But, I also locked onto the bits where it was stated about helping companies within the umbrella work in a symbiotic way. Patrick Byrne has mentioned multiple times how he sees the Eliocoin model being used to raise funds for medicine, construction, and more; so I have to wonder if Eliocoin taking more time being developed is so that it's of use to other companies that fall within the Medici umbrella.

[ On the last item (re: Slide 8), you see in a few days we expect to trade the tZERO token among non-accredited investors, so for those tokens to become freely tradable.
(...)
On August 12, just in a few days, tZERO token will become freely tradable by non-accredited investors. And we're in conversations with many other broker dealers interested in trading security tokens.
(...)
Why not do STOs -- security token offerings for more or all of your investments such as Medici Land Governace, Bitt and Voatz?

Jonathan E. Johnson -- President of Medici Ventures

So that's a great question, Tom. Many of the keiretsu companies are interested in doing security token offerings on the tZERO platform. But I would say, as with all equity raises, the timing has to be right for this specific company. And just because it hasn't happened already, don't assume it won't.

Patrick Byrne -- Chief Executive Officer and Founder

Let me footnote that if I may. I love that idea. And you've named companies that I think would be perfect. Well, they need a few more months or a few more quarters, some revenue, but they would be perfect for Reg A or Reg A plus or even small Reg A offerings. And I would like tZERO to be -- that's an market that I think tZERO should be in. And it would be great for America if we could tokenize the Reg A and Reg A plus offerings. So I -- my hope is that you -- as this keiretsu emerges, one of the things that will happen as you will see some of these portfolio companies doing small offerings on tZERO. And in the process we'll figure out the right way to do Reg offerings and security tokens. So one hand washes the other.]

These were the other comments I found fascinating. They ultimately want to do with security tokens what Elio tried to do on Startengine with Reg-A+, but more than that, tZero will be open to non-accredited investors.

Now, remember, tZero already had an ICO, then an STO and now will be traded freely. I'm wondering if that's Elio's plan with Eliocoin?

Going down the rabbit hole a bit here, but if you remember the periscope video of Patrick Byrne (here's the video for reference: https://www.pscp.tv/brucefenton/1ypKdmQdgvrGW), he was talking about the fact that Elio "found a way to monetize people's willingness to bump themselves in line later to capitalize the company now".

I have to wonder if what they're doing, and why it's taking so long, is that when the Eliocoin is released, it won't just be to accredited investors (like the ICO was last year) but for everyone. This way, people can pay what they can, or those who would be more than willing to put the full amount down to get an Elio can do so (and if 65,000 reservationists were to put up $7,450 each, Elio'd raise $484,250,000). Despite the bad-will that is among a great many Elio'ers (which, frankly, is of Elio's own making), I bet there are a bunch of people who would pump money in if they were told their contribution would definitively bring Elio around if there are no minimum requirements to buy-in.

And a functionality that would be hard to code, but a masterstroke if pulled off, would be the Eliocoin having a built-in randomizer in it, so the auction is fair and impartial (with the knowledge being the more eliocoins you buy, the more likely you will be chosen due to probability) and if you win, you only get that one Elio (so if I buy 50 million Eliocoins, I can still only be drawn once).

Is that what Elio is planning? God only knows, but despite Elio not being mentioned, the comments made during the call have definitely got my imagination running on what is possibly going on with Eliocoin.

 

[Samalross]

Okay, so since I have some time, here's my thoughts on the Overstock Q3 Call.

But first, here's the link to the actual slides used in the report: https://seekingalpha.com/article/4283689-overstock-com-inc-2019-q2-results-earnings-call-slides

I'll be copy/pasting the bits I found to be relevant, bolding and italicizing stuff I find to be important, but be aware, not all of it is going to be in order of appearance. It'll be linked by relevant topic.

NOTE: Keiretsu is a japanese term for a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.

[Every month, we get more comfortable with the ability of our current keiretsu companies to deliver on our vision of a blockchain tech stack for society. We continue to support the growth of the Company's already in the Medici Ventures family, and help them in or operate in a symbiotic way as we build a government as a service solution.
(...)
Slide 6. Each of our keiretsu companies continues to build and deploy meaningful products. Today, we'll focus on a few that have hit significant milestones in the previous quarter. As we had in the past, let's begin with tZERO.
(...)
Yes. Let's go to Slide 20. We've highlighted just four of our keiretsu companies. That doesn't mean that the others aren't making progress. Each is in its own pace and several are working together. For example this quarter, I was in Washington, DC, with the CEOs of GreenChain and Vincent that they presented to legislators and regulators how blockchain is being used in the supply chain area. Several of our keiretsu companies use Netkey as an identity vendor. And of course our world-class development team in Medici Ventures is working with some of our keiretsu companies to help develop products and get them into production. The symbiotic nature of the keiretsu model is really blossoming well.]

I surmise that the reason Elio wasn't mentioned is because they're still developing the Eliocoin and so the earnings call wanted to highlight the businesses that have produced something at this time (security, land titling, banking/currency, capital markets, supply chain, voting). But, I also locked onto the bits where it was stated about helping companies within the umbrella work in a symbiotic way. Patrick Byrne has mentioned multiple times how he sees the Eliocoin model being used to raise funds for medicine, construction, and more; so I have to wonder if Eliocoin taking more time being developed is so that it's of use to other companies that fall within the Medici umbrella.

[ On the last item (re: Slide 8), you see in a few days we expect to trade the tZERO token among non-accredited investors, so for those tokens to become freely tradable.
(...)
On August 12, just in a few days, tZERO token will become freely tradable by non-accredited investors. And we're in conversations with many other broker dealers interested in trading security tokens.
(...)
Why not do STOs -- security token offerings for more or all of your investments such as Medici Land Governace, Bitt and Voatz?

Jonathan E. Johnson -- President of Medici Ventures

So that's a great question, Tom. Many of the keiretsu companies are interested in doing security token offerings on the tZERO platform. But I would say, as with all equity raises, the timing has to be right for this specific company. And just because it hasn't happened already, don't assume it won't.

Patrick Byrne -- Chief Executive Officer and Founder

Let me footnote that if I may. I love that idea. And you've named companies that I think would be perfect. Well, they need a few more months or a few more quarters, some revenue, but they would be perfect for Reg A or Reg A plus or even small Reg A offerings. And I would like tZERO to be -- that's an market that I think tZERO should be in. And it would be great for America if we could tokenize the Reg A and Reg A plus offerings. So I -- my hope is that you -- as this keiretsu emerges, one of the things that will happen as you will see some of these portfolio companies doing small offerings on tZERO. And in the process we'll figure out the right way to do Reg offerings and security tokens. So one hand washes the other.]

These were the other comments I found fascinating. They ultimately want to do with security tokens what Elio tried to do on Startengine with Reg-A+, but more than that, tZero will be open to non-accredited investors.

Now, remember, tZero already had an ICO, then an STO and now will be traded freely. I'm wondering if that's Elio's plan with Eliocoin?

Going down the rabbit hole a bit here, but if you remember the periscope video of Patrick Byrne (here's the video for reference: https://www.pscp.tv/brucefenton/1ypKdmQdgvrGW), he was talking about the fact that Elio "found a way to monetize people's willingness to bump themselves in line later to capitalize the company now".

I have to wonder if what they're doing, and why it's taking so long, is that when the Eliocoin is released, it won't just be to accredited investors (like the ICO was last year) but for everyone. This way, people can pay what they can, or those who would be more than willing to put the full amount down to get an Elio can do so (and if 65,000 reservationists were to put up $7,450 each, Elio'd raise $484,250,000). Despite the bad-will that is among a great many Elio'ers (which, frankly, is of Elio's own making), I bet there are a bunch of people who would pump money in if they were told their contribution would definitively bring Elio around if there are no minimum requirements to buy-in.

And a functionality that would be hard to code, but a masterstroke if pulled off, would be the Eliocoin having a built-in randomizer in it, so the auction is fair and impartial (with the knowledge being the more eliocoins you buy, the more likely you will be chosen due to probability) and if you win, you only get that one Elio (so if I buy 50 million Eliocoins, I can still only be drawn once).

Is that what Elio is planning? God only knows, but despite Elio not being mentioned, the comments made during the call have definitely got my imagination running on what is possibly going on with Eliocoin.

I don't think many reservationists would consider putting more money into Elio's hands. The lack of trust is well deserved.

 

[84mpg]

I don't think many reservationists would consider putting more money into Elio's hands. The lack of trust is well deserved.

It depends on the plan.

There’s still nothing out there that matches the Elio. Nothing on the horizon either.

If there’s a rock solid plan, i’ll write a check.