What Is Elio Stock Trading For Today?

[RSchneider]

Elio Stock is down to $1. So will today be the day it dips below that?

 

[Elio Amazed]

Pat said they were recoding the Eliocoin and that it would be done at the end of the year. Paul did not say that was false. Plus, right after Pat took some Overstock money and bought $2.5M in Elio stock, Paul started hinting about something that was going to reduce the timeline and financial burden. Then in September, Elio announced that they ditched the Elio Engine and going wit an OEM powertrain, thus saving $120M but the 76 weeks is still in tact. It's obvious to me that Pat got Paul to drop the engine and thus that's what happened. Getting people to bump in line would not be out of the cards either. So, all we do is wait until December when the Eliocoin is done and announced.

If, you're saying that P.E. didn't make the statement about completely honoring the SILs as they stand, you're absolutely wrong on this one. I distinctly remember people on the verge of rioting and P.E. making that statement. Plus, there was a response from EMV to an email inquiry posted here. Why else do you think that fervor quieted down so much and so quickly? However, if you're simply saying that you believe that P.E. and EMV will go back on their word on the line jumping issue, you may well be right, but I think that will prove to be the final nail in their integrity's and their company's coffin.

 

[Elio Amazed]

Most folks (companies) DO want money in hand.

Especially from these guys at this point.

 

[RSchneider]

If, you're saying that P.E. didn't make that statement, you're absolutely wrong on this one. I distinctly remember people on the verge of rioting and P.E. making that statement. Plus, there was a response from EMV to an email inquiry posted here. Why else do you think that fervor quieted down so much and so quickly? If you're NOT claiming that P.E. did NOT make that statement, but you're simply saying that you believe that P.E. and EMV will go back on their word on the line jumping issue, you may well be right, but I think that will be the final nail to their integrity and their company.

I think you are confused. I'm talking about the recoding of Eliocoin and it being out by the end of the year. That came from Pat and Paul never responded to that statement. I'm not talking about the first one about people skipping the line with Eliocoin. I know what Elio had in their response. Then I was using the example that Pat must have some influence because he got Elio to drop the motor, thus he could have influence to get Eliocoin holders to skip the line.

Remember, Paul did say back in 2013 that there would be Elios in production in June 2014 and that they would be exporting them to China, South America and Europe by the end of the decade. As we all know none of that will ever happen and that right there shows that no matter what Elio says in a response, they can change the specs if they want. I doubt a single person here would mind if I bought a bunch of Eliocoins and got to go to the front of the line, if that's what it would mean to get the Elio to production. Unless there's an incentive like that, there's no reason why I need to buy them. I need an incentive. Same as for you and the rest of the reservation holders. You needed incentives to get you excited with non refundables, thus fixed prices and a tiered SIL system got many others excited too.

 

[Made in USA]

I wonder if someone has both a SIL and Eliocoins, if they would get an even earlier spot.

 

[Maurtis]

And the easy way around the SIL issue is to have multiple model lines. Eliocoin holders get in the "Signature Series" line, those get made first. Then the regular production vehicles get made, going to the current SIL holders. So that way they can say you did not lose your spot, you were just in a different line.

 

[Elio Amazed]

I think you are confused. I'm talking about the recoding of Eliocoin and it being out by the end of the year. That came from Pat and Paul never responded to that statement. I'm not talking about the first one about people skipping the line with Eliocoin. I know what Elio had in their response. Then I was using the example that Pat must have some influence because he got Elio to drop the motor, thus he could have influence to get Eliocoin holders to skip the line.

Remember, Paul did say back in 2013 that there would be Elios in production in June 2014 and that they would be exporting them to China, South America and Europe by the end of the decade. As we all know none of that will ever happen and that right there shows that no matter what Elio says in a response, they can change the specs if they want. I doubt a single person here would mind if I bought a bunch of Eliocoins and got to go to the front of the line, if that's what it would mean to get the Elio to production. Unless there's an incentive like that, there's no reason why I need to buy them. I need an incentive. Same as for you and the rest of the reservation holders. You needed incentives to get you excited with non refundables, thus fixed prices and a tiered SIL system got many others excited too.

Appreciate your clarification. No I wasn't / am not confused. Thanks. As far as not "a single person here" minding line-jumping to get the Elio into production... I would and I'm not too sure there wouldn't be others. It's a catch-22. I understand that incentives are unfortunately STILL needed, but that's a huge issue in my mind. It's seems very much like subsidizing electric vehicles. What, this is going to go on forever in order for them to be viable? That, in itself, casts a long shadow on the perceived long-term market acceptability and capability for survival of EM. If the general public is aware that the CEO and staff of the company made those statements and then did a 360 on them, it won't matter what the reasons were. It's the old cliche, "Would you buy a [used] car from THIS guy?" As far as having anything close to the amount of the public's trust that they need to succeed, I think it will be the final straw even if they do somehow get to production.

 

[Elio Amazed]

And the easy way around the SIL issue is to have multiple model lines. Eliocoin holders get in the "Signature Series" line, those get made first. Then the regular production vehicles get made, going to the current SIL holders. So that way they can say you did not lose your spot, you were just in a different line.

I realize that both Meccanica and Arcimoto did versions of this, but in Meccanica's case, their plan was fully disclosed from the very beginning and didn't involve a change in price. Even then, they changed the "SIL" (there never actually was a 'hard' SIL declared) around even further according to geography and relationships with the company. And people were upset. At the least, it didn't help their image. Arcimoto, bless their hearts, on the other hand, changed things up several times over the course of their story. And yes, people were upset. And yes, it didn't help their image either. However, I believe those two company's track record for transparency and honesty was, and still is, otherwise in rather good shape compared to Elio's. Especially after EM made two statements declaring that there will be absolutely no line-jumping, I believe that even pulling a "signature series" stunt would be viewed by the reservation holders and especially the general public as a HUGE dishonest bait and switch. Especially in the day and age where anything resembling "money talks" triggers people as easily as it does. I believe it's a moot point anyway. I don't think Byrne is stable and this may best describe the state of Elio's stock.

 

[RSchneider]

Appreciate your clarification. No I wasn't / am not confused. Thanks. As far as not "a single person here" minding line-jumping to get the Elio into production... I would and I'm not too sure there wouldn't be others. It's a catch-22. I understand that incentives are unfortunately STILL needed, but that's a huge issue in my mind. It's seems very much like subsidizing electric vehicles. What, this is going to go on forever in order for them to be viable? That, in itself, casts a long shadow on the perceived long-term market acceptability and capability for survival of EM. If the general public is aware that the CEO and staff of the company made those statements and then did a 360 on them, it won't matter what the reasons were. It's the old cliche, "Would you buy a [used] car from THIS guy?" As far as having anything close to the amount of the public's trust that they need to succeed, I think it will be the final straw even if they do somehow get to production.

Then with all of the 360's Elio has done to date, then nobody would have gave the company a dime after 2014, yet they did in record numbers. Just look at the 360's that never bothered anyone. The multitude of production dates, the roll cage, the tube frame, the plastic body, the engine, the increase in the base price, the NASDAQ IPO just to name a few. Why would it be that making a change to where others pay to get in the front of the line, is any different? I feel and can tell from most of the sentiment is that most have the attitude of, "Just do whatever it takes so I can get my Elio!" You beat people down enough, they are numb to the changes. The only ones that would be upset are ones that are selfish, only think about themselves and not the company. I bet those are just a handful. So let them be upset. If they don't like it they can just refuse to buy the Elio and I know that would make Elio accounting very happy.

As for the suggestion of the Signature Edition Elios for Eliocoin holders that is an excellent idea and thus makes everyone happy in the end.

 

[Elio Amazed]

Then with all of the 360's Elio has done to date, then nobody would have gave the company a dime after 2014, yet they did in record numbers. Just look at the 360's that never bothered anyone. The multitude of production dates, the roll cage, the tube frame, the plastic body, the engine, the increase in the base price, the NASDAQ IPO just to name a few. Why would it be that making a change to where others pay to get in the front of the line, is any different? I feel and can tell from most of the sentiment is that most have the attitude of, "Just do whatever it takes so I can get my Elio!" You beat people down enough, they are numb to the changes. The only ones that would be upset are ones that are selfish, only think about themselves and not the company. I bet those are just a handful. So let them be upset. If they don't like it they can just refuse to buy the Elio and I know that would make Elio accounting very happy.

As for the suggestion of the Signature Edition Elios for Eliocoin holders that is an excellent idea and thus makes everyone happy in the end.

Again, we agree to completely disagree. "If they don't like it they can just refuse to buy the Elio and I know that would make Elio accounting very happy." You're missing the point. If they don't like it, they'll just be a microcosm of the general public's and investor's sentiment. Is Elio going to be "very happy" about that too? Apparently that's not working too well for them.