What Is Elio Stock Trading For Today?

[Made in USA]

What has to occur for it to be said that a company is officially out of business? (When that occurs the stock can no longer be traded.)

It could happen a number of ways. They could simply make an announcement, they could file for bankruptcy, they could sell the company, they could mismanage the OTC/SEC requirements and get delisted. Probably a few more I didn't list. The stock could probably drop to $0.01 and still be listed. Not sure. Without news, it is probably headed downward and fast.

 

[W. WIllie]

What about, when you call you get the janitor on the line?

 

[Samalross]

What has to occur for it to be said that a company is officially out of business? (When that occurs the stock can no longer be traded.)

End of April would be two years without SEC report. A complaint then, should get the OTC to act

 

[Watashiwah]

What about, when you call you get the janitor on the line?

Ironically, even employing a Janitor would be a good sign! I bet he/she could better answer a few questions, too.

Interestingly the about average number of guests (some say ‘bots, too) ballooned from about 140 to 250 this morning: more people (and/or bots) check this site out than we might think.

 

[Samalross]

Ironically, even employing a Janitor would be a good sign! I bet he/she could better answer a few questions, too.

Interestingly the about average number of guests (some say ‘bots, too) ballooned from about 140 to 250 this morning: more people (and/or bots) check this site out than we might think.

Probably wondering if this is the last week

 

[RSchneider]

The last time Elio filed with the SEC was 11/13/18 and that was for the period ending 6/30/18. From what I've seen from other zombie companies, it takes about 4-5 years of no reports before the SEC takes action. Then they are given around 30 days after a final warning then the stock is delisted. Then, that doesn't mean the company is out of business. It can go on for many years in the zombie state. Elio Motors has trimmed their expenses down to the website and then just watching the bills from the loan in the equipment, lease and fines just keep getting deferred. Then all Elio has to tell everyone is, "We are looking for funding."

This is just like having an old piece of property that used to be a gas station and the ground is contaminated. You can stop paying taxes on it and then it can go up for auction. If nobody bids on it (because nobody wants to have to deal with the cleanup) then you still have it. All you do is hope for funding to show up so you can clean it up and pay for back taxes. Then you can develop it into something that makes the community happy. Until then, it's, "Why doesn't someone do something about it?" The owner hopes that the area will turn around and the property will shoot up in value.

Elio is this way. They are hoping that the market for super cheap, high mileage three wheelers that checks everyones boxes will become the next big thing. Until that happens, Elio Motors can do exactly what they are doing right now, plus keep it going for 10-15 years.

 

[Samuel Gompers]

What has to occur for it to be said that a company is officially out of business? (When that occurs the stock can no longer be traded.)

Elio has been out of business for years. No product, no revenue, no R&D, no employees, etc. Paper shell, lots of debt, and some essentially worthless assets. We'd all like official closure, but the facts are pretty obvious, even without the official coroner's seal.

FWIW, the stock traded as low as $0.55, but recovered to $0.71.

 

[Samalross]

Elio has been out of business for years. No product, no revenue, no R&D, no employees, etc. Paper shell, lots of debt, and some essentially worthless assets. We'd all like official closure, but the facts are pretty obvious, even without the official coroner's seal.

FWIW, the stock traded as low as $0.55, but recovered to $0.71.

Very little trading, easy to manipulate. Going to zero, just don't know when.

 

[Made in USA]

Dropping fast. Saw two different numbers so far this morning. $0.53 and $0.41

Update: Early this afternoon it went up, $0.70 and then $0.75

All I can think of is that somebody is trying to run the price up a little so when they sell they don't lose as much. Now the question is: Is the buyer in on it?

 

[Samalross]

Hit 40 cents today, a new low. Very little trading, does not mean too much.