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What Is Elio Stock Trading For Today?

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Samuel Gompers

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Ty said:
That really wasn't the point. I actually also build furniture but that isn't the point either. Lets say I needed a "product" from Bob. I can't just pay Bob $1,000,000 for his "product" because there'd be questions about where the money came from. But, if Bob bought 1,000,000 shares of some company for a penny each, he would have spent $10,000 on the stock. If I, then, bought his stock for $1,010,000, it would effectively be paying him the $1,000,000 that I owed him for his "product". Of course, there's no way that his shares would be the only ones I'm buying, it's illegal, and there would be easier ways to do this (isn't this basically what bitcoin is?). But, it was an odd thought exercise for me.
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It's not illegal to overpay for stock on the open market. I would suspect that most computerized trading apps would not let you pay 100 times what the stock is worth. If you are just trying to launder money, then you are proposing an illegal activity.
 
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Travelbuzz1

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Samuel Gompers said:
A "lot" only in comparison to days of no trading. A "big" trading day still sees less that $10k in stock trades. More than likely, less than 10 people per day are trading ELIO. It's amusing to watch, but the volume is so insignificant as to be essentially meaningless.

The spread got down under 10 cents for a while, but is still hanging out most of the time in the 25 cent range, which is a very large percentage of a stock hovering around a dollar.
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So,What!
 
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Made in USA

Made in USA

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Coming up on the one year anniversary of:

PHOENIX, Sept. 20, 2018 /PRNewswire/ -- Elio Motors, Inc. (OTCQB: ELIO), developer of the ultra-high-mileage three-wheel vehicle, the Elio, announced today that it has formally launched the pre-sale of the ElioCoin Security Token. The company also announced that Patrick M. Byrne, Overstock.com's founder and CEO, has agreed to become the first participant in the pre-sale. ........

Wonder how they spent the money? No SEC reports. Perhaps it went to Elio Engineering? If used for what it was intended, to get the needed funding, how much went to Pauls salary?
 
Ty

Ty

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Made in USA said:
Coming up on the one year anniversary of:

PHOENIX, Sept. 20, 2018 /PRNewswire/ -- Elio Motors, Inc. (OTCQB: ELIO), developer of the ultra-high-mileage three-wheel vehicle, the Elio, announced today that it has formally launched the pre-sale of the ElioCoin Security Token. The company also announced that Patrick M. Byrne, Overstock.com's founder and CEO, has agreed to become the first participant in the pre-sale. ........

Wonder how they spent the money? No SEC reports. Perhaps it went to Elio Engineering? If used for what it was intended, to get the needed funding, how much went to Pauls salary?
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They cancelled it, didn't they?
 
Ty

Ty

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RSchneider said:
Pat did mention a while back that they were recoding the Eliocoin and it would be done at the end of the year. So we have a few more months. As for the pre sale, haven't heard a thing. There is this:
https://stomarket.com/sto/elio-motors-elio
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Thanks. Maybe I'm a little too old school but I just don't see that bringing in enough money to make this whole thing work. I would hope that someone, somewhere would jump in to get it going or that Paul would say "You know, let's build it as is and quit tinkering already." Maybe the first few cost way too much and they lose money while building them but you could build 2,000 of them at a $5,000 loss each and lose about $10,000,000. Sure, that's quite a bit of cash but once they start rolling off the line, investors might just line up...
 
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RSchneider

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Ty said:
Thanks. Maybe I'm a little too old school but I just don't see that bringing in enough money to make this whole thing work. I would hope that someone, somewhere would jump in to get it going or that Paul would say "You know, let's build it as is and quit tinkering already." Maybe the first few cost way too much and they lose money while building them but you could build 2,000 of them at a $5,000 loss each and lose about $10,000,000. Sure, that's quite a bit of cash but once they start rolling off the line, investors might just line up...
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That would be Roush. They can 3D print the parts needed and limit the tinkering around. After that print up 10 sets of Elio parts and make the Elio Signature Series and sell them for $50K each. When people see that, the investors might come rolling in.
Look what Roush does:
https://advancedmanufacturing.org/roush-looks-3d-printing/
and
https://www.roush.com/what-we-do/manufacturing/additive-manufacturing/
 
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