What Is Elio Stock Trading For Today?

[Made in USA]

So far today, 2/13/20 11:24 EST, the stack went up to $.55 and then dropped to $.415
Will be interesting to see how hard they try to make it go up again.
Ultimately the stock will reflect what the company is worth, regardless of the manipulations.

 

[Samalross]

Can't see that the company is worth more than zero. Lots of debt and no reasonable prospect of production

 

[ehwatt]

Can't see that the company is worth more than zero. Lots of debt and no reasonable prospect of production

Yup.

No reason to even bother keeping up with it.

 

[Watashiwah]

Yup.

No reason to even bother keeping up with it.

I mostly agree, but after almost a decade it’s like a ‘Soap Opera’ with elements of wealth, disaster and intrigue. If it weren’t for how beneficial this has been for a few Elio/ESG Engineering Principals, the weird shifting around of strategy, policy, engineering, and design, the personalities and histories of Paul and Hari, the entrepreneurial ‘efforts’, and the abject absence of respect for the investors and reservationists by the lack of communication, it would be much easier to let natural attrition run it’s course.

There are just too many questions, and everyday Paul and Co. are in hiding make the possible explanations and answers less honest and forthright.

We would be remiss if we chalked all this up to merely poor engineering and lack of business sense and acumen and allow the principals to capitalize, in the future, on their engineering and business skills. They cannot have it both ways.

An an edit, and as an ‘aside,’ I believe (until we hear any information, contrary) that Stu Lichter ultimately regrets getting involved with these individuals and this ‘endeavor.’

 

[RSchneider]

What you are seeing is what you can see with many other stocks. Zombie companies that have dropped off the face of the earth except for a website. The stock never just drops to zero. Just to get to sub penny, takes a long time because the cost to manipulate it is cheap. Even at that, it just keeps going down. It makes sense because if you release SEC filings that reveal that things are even worse, it accelerates the downward trend. As I've said before, it's just controlled bleeding.

When you look over the long term, the Elio stock was going to do this. They stopped all work the car back at the end of 2016. Then stopped the shows at the same time. Did only two pop ups. Started recycling blogs. Then stopped with the blogs. The highlight was the $2.5M from Overstock but that money was spent in about 5 minutes covering old debt. That $2.5M was back in the beginning of May 2018. So just the lease on the plant from that infusion to today, racked up $4.4M. They still had the $3.8M @ 18% interest to pay off for the equipment and then the $7.5M fine that Racer Trust keeps extending but never eliminates. That $545K fine from the state seems to be tiny as compared to the bills that are piling up. If the company was producing something then you can justify the bills doing that but they have no income whatsoever. Just people that are nice and keep deferring the bills. Those will never go away. I never even counted the insurance and maintenance for the plant and equipment. Who knows where that is at. My guess is they just stopped as that's something which can't be deferred (maybe Stu is covering it for now as he will be the one responsible for what happens to it).

In the end, you have just over $16M that needs to be paid in past bills and fines. That's just from May 2018. So all of the previous bills and fines were not counted. Any new investor will require the latest info from the company. If I can come up with this from the last SEC filing, imagine what these people get.

Just like with the IPO and NASDAQ, they needed investors up front to make it work. They got enough from the IPO but obviously not enough from the NASDAQ offering. My guess is that they are not even close to the $25M they were hoping for when it comes to the Eliocoin. Even raising the $25M from Eliocoin (if it happened) would just pay off all of the past bills and fines. Leaving little for any further progress because that $211K/month plant lease, maintenance, insurance just keeps going and then Racer Trust can nail Elio for another $7.5M due to no 1500 jobs. So far they only are nailing Elio for a single year. You know what they will do if they get paid, ask for more. Even with $9M in the bank, that would be depleted in 6 months.

 

[Travelbuzz1]

0.53... No trades for two days and someone pumped it up to this price after being at 0.4150 and before that 0.30
0.02 3.92%
0.30 / 0.54 (1 x 1

 

[Made in USA]

Funny in a sad kind of way, but of all the stocks I watch, they have all gone down except for Elio. As no stocks have been traded it is unchanged. Good possibility that once the Coronavirus is under better control that all the stocks will go back up, except Elio. It will stay where it's at or go lower.

 

[Travelbuzz1]

0.530... No trades for three days and someone pumped it up to this asking price 0.49 .
0.02 3.92%
0.49 / 0.54 (1 x 1

 

[Elio Amazed]

Funny in a sad kind of way, but of all the stocks I watch, they have all gone down except for Elio. As no stocks have been traded it is unchanged. Good possibility that once the Coronavirus is under better control that all the stocks will go back up, except Elio. It will stay where it's at or go lower.

Amazing. The Dow lost 4.65% of it's value today. A news feed reported that figure broke a 124-year-old record for a one day US market loss. If that's true it means that today surpassed any one day's loss in the 1929 crash that caused the great depression. US markets have lost almost 12% of their value over just four days. I put the orders in to have my investments all moved to federally insured IRA money markets this afternoon. I'm hoping tomorrow won't be quite as bad because those orders can't be executed until market close tomorrow. I got my butt beat today. Good luck everyone.

 

[Watashiwah]

Imho, the markets, midday yesterday and two days before attempted a rebound only to fall by COB. Methinks it’s actually a correction, in the works, and essentially just a good excuse for the superstitious since ‘jeez, it can’t keep going up forever!’

When this all passes, yes we might be down a couple percent (1 to 2). It’s difficult to not factor and discuss the politics and international posturing but suffice it to say that the ‘gloom and doom’ has its self centered and short sighted roots: it is funny to see incidents, in the not so distant past, where the very Nattering Nabobic people and their institutions promoting this negativity are the very, and first, ones getting most burned.

This too shall pass! Good luck, but just don’t overreact! This ride isn’t for the faint of heart! Stay the course, thousand points of light!