RSchneider
Elio Addict
That happened at the same exact time as the Overstock investment. If they were wanting to go private, then they sure are doing it in a strange way. Elio has little if any assets. On the other hand. Pat might have convinced Paul that with the $2.5M in stock that he bought (he didn't buy it but was using Overstock as his personal piggy bank for projects) they Eliocoin was going to take off through his Tzero platform and that they didn't need the SEC for anything. In general, Pat does have a deep rooted hatred with the SEC.So out of curiosity, I went and looked at all the filings with the SEC, and found that in April of 2018, they filed to withdraw their registration with the SEC as a public company selling stock, and were going to private funding effective the date of the filing. This may explain why they have been silent.
https://sec.report/Document/0001140361-18-019497/
That move seemed more of a "Hail Mary" play but never expected the quarterback to get sacked (aka Pat getting kicked out of Overstock). We know what all played out after that.