What Is Elio Stock Trading For Today?

[Travelbuzz1]

Actually, contrary to your response, not a single Elio has ever been sold.
The only significant advancement since the Sept. 30th SEC filing was the Licorice reveal at the L.A. Auto show.
And... The "EM quote" about no production till 2018 was made in several places less than a couple of weeks ago.
What I was really asking was: What's changed for the better as far as EM's financial stability since September 30th?
From what I can see, considering their apparent cash inflow and outgo since then, unfortunately the answer is... nothing.

Your nit picking.

 

[Doug McDow]

https://www.elioowners.com/threads/first-second-third-forth-quarter-of.8135/
Stocks will continue to slide until a product is produced. The current status results in intellectual property only, not much cash value. I predict 300% and greater stock increase when production begins, slight increase when tooling is verified for the 100 fleet units. You can see by my signature the purchase of 2 first run editions; I still believe.

I agree, stocks will go down and up, depending on the news or gossip only, until Elio's are built. Keep your chin up!

 

[Elio Amazed]

Your nit picking.

Right. LOL.

 

[airforceguy6]

Not sure but the Hyundai deal looks
like. 'Sub Lease' if so should provide
some added funds...

To racer, which in turn pays the parish

This is actually a very good question...
Has anyone actually seen the details of the lease Hyundai-Glovis America deal is working with? The reason I ask is because it depends on WHERE the company is setting up shop in the Shreveport factory to understand WHO will be receiving the "rent" from Glovis America.

Think of the factory as a giant 3,100,000sq ft box. Elio Motors currently has leased a large area of that space for current and future operations related to Elio Motors. The remaining space is owned and can be leased out through the RACER Trust.

So with the news that Glovis America (Hyundai subsidiary) moving into the factory, are they moving into Elio Motor's space or the remaining RACER Trust space? This idea reminded me of something that happened during the Parish LA House Commerce Committee Meeting held back in October. One of committee members directly asked Paul Elio about other companies "Sub-Leasing" the Elio Motor's spaces, and where that money would be going. Paul Elio's response was that it would be going to EM. So if Glovis America IS sub-leasing the space for it's vehicle logistics and processing center from Elio Motor's area...not only is this bringing the +150 jobs to the area, but also revenue into EM when they could really use it. Otherwise, it will go to the RACER Trust.

 

[Officespaced]

Not going to happen...GO ELIO!!!

I hope you're right. I have a invested interest in a few thousand shares.

No, what will help stock price.
What will help stock price?
1. No severe dilution of shares.
2. New funding that ensures forward progress.
3. New funding that ensures forward progress.

Well, dilution of shares is already occuring with 25K shares issued (warrant @ $20/share) as well as 531K shares of preferred stock to CH Capital Lending. They really need funding in the next five months just to get building in 2018, Paul's latest target. From Elio's own words (SEC Filings), it will take 6 months to start production in Shreveport. They have the facility and machinery to build, but the model, like all mass production models, requires specific tooling to build to start production. They've evolved that process with the E1C. The E1C was handbuilt, but using 80% of the methods needed for mass production. Still a bit of engineering to go to flip the production switch.

The only way the Elio will be built is with a much needed financing in hundreds of millions of dollars. That could be in loans, angel investors, additional stock filing, etc... Without last year's Reg-A stock offering, which raised $23 million, they would already be gone. That's all but spent already. That's the primary reason bulding gets getting pushed out. No money, no honey.

 

[John Painter]

Stu Lichter's IRG holds the lease on the Shreveport facility. Since last summer his rent payments ballooned according to the contract with Shreveport. IRG sub-lets to EM. Lichter (EM's angel investor) isn't in the business of losing money, he'll do what is necessary to keep his cash flow positive regardless of EM's situation. That said EM has always been in a precarious financial situation (like any new vehicle start up) that they've clung on this long, and slowly developed is impressive... to me. Will they sink or swim? Time will tell.

 

[bowers baldwin]

Stu Lichter's IRG holds the lease on the Shreveport facility. Since last summer his rent payments ballooned according to the contract with Shreveport. IRG sub-lets to EM. Lichter (EM's angel investor) isn't in the business of losing money, he'll do what is necessary to keep his cash flow positive regardless of EM's situation. That said EM has always been in a precarious financial situation (like any new vehicle start up) that they've clung on this long, and slowly developed is impressive... to me. Will they sink or swim? Time will tell.

Hey John, maybe you would know, does Stu have to report stock sales before or after he sells stock?

 

[Officespaced]

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

Down another 10% today.

 

[Bikebrains]

Down another 10% today.

What happened? Elio website said stock is down $0.75, last price is $8.20

 

[Elio Amazed]

It was 19.00 a month ago.