What Is Elio Stock Trading For Today?

[Travelbuzz1]

Looks like Paul is releasing some of his millions of shares before he calls it quits; guess $250,000.00/yr wasn't enough while normal entrepreneurs hardly pay themselves until the company is up and running.

Yes, where did you get this information.

 

[Elio Amazed]

Looks like Paul is releasing some of his millions of shares before he calls it quits; guess $250,000.00/yr wasn't enough while normal entrepreneurs hardly pay themselves until the company is up and running.

Why, did Elio Motors make an announcement and filing with the SEC to release more reserved stock into the market?

Otherwise, I'm pretty sure that they cannot legally do so.
In which case, the only stock that can be sold on the market is that which has already been issued.

Although there very well may be a possibility that this is insider trading...
Namely, the major non-board investor rats jumping from a ship they perceive to be on fire.
But I'm pretty sure that board members have to announce their sales before, or at least at the time of, the sale.
And we've seen none of that significant information in the news.

Even if Elio Motors filed and released reserved stock, any raise in P.E.'s compensation would have to be approved by a board vote.
Again, I believe P.E. would have to make an announcement of selling any personally owned shares at least before or at the time of sale.

 

[bowers baldwin]

Looks like Paul is releasing some of his millions of shares before he calls it quits; guess $250,000.00/yr wasn't enough while normal entrepreneurs hardly pay themselves until the company is up and running.

More likely Stu Lichter selling off some of his 5 million shares...

 

[Coss]

More likely Stu Lichter selling off some of his 5 million shares...

Include that Paul did pay back 2 of his loans in full in 2016

 

[Elio Amazed]

More likely Stu Lichter selling off some of his 5 million shares...

Stu is a board member. To my knowledge, he would be required to announce and report any sale of personal stock holdings.
https://www.eliomotors.com/about-elio/#board-members

 

[W. WIllie]

I "assume" ALL the board members have some amount of "Stock" holdings in the ELIO.

 

[Elio Amazed]

...guess $250,000.00/yr wasn't enough while normal entrepreneurs hardly pay themselves until the company is up and running.

We've already been over that quite a few times here.
It doesn't instill confidence in a company if it's CEO is payed less than it's other officers.

 

[Elio Amazed]

Include that Paul did pay back 2 of his loans in full in 2016

Which should also help the DOE think that Paul's their kind of guy.

 

[Sethodine]

Hmmm... at these prices, I might actually be interested in picking up some stock.

Let's see where it levels out.

 

[wizard of ahs]

Hmmm... at these prices, I might actually be interested in picking up some stock.

Let's see where it levels out.

IF you wait for it to LEVEL OUT, you may miss the boat