NSTG8R
Elio Addict
Got to wait until Monday, but bumped my original 5k intention to a 6k investment. 500 shares seemed like a nice round number.
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Did You Buy More, Same, Less Than Your Pledge Amount?
- Thread starter Johnny Acree
- Start date
ajetmech
Elio Addict
Went about 20% more then I originally planned.
Steve W
Elio Fan
I don't remember what I originally pledged to commit. But I felt that I followed in the same footsteps as goofyone and invested what was disposable income. 210 shares ($2520.00) is what I pledged as of now. I feel that I can be comfortable in the unlikely event that my investment doesn't come through.
But I also use this post as a gentle suggestion to all that read this post to at least pledge what you initially indicated on the interest application when Elio Motors presented this opportunity. The reason I make this suggestion is this. Elio Motors may or may not have surpassed it's initial goal of $25 million expressed interest when it made it's offer. However, if someone at the company is paying attention and seeing the potential expressed interest they are seeing bigger numbers. For most people, it can be reasonably assumed that anyone who builds on the company using the potential expressed interest as a budget amount is almost certainly guaranteed to fall short on the budget when it comes time to put their money where their mouth is. Unexpected situations can affect anyone, so a pledge can be withdrawn.
But please, for this company to succeed the way we want it to, it starts with us, the backers, the people that pledged their support. If you haven't already secured your shares and have pledged a certain amount, at least continue through and verify your pledge amount you originally expressed. If you decide to invest more, great! But if you can help it, try not to go below what you originally pledged to purchase, unless you really can't. I will repeat again that I understand circumstances change. Financial situations may change. This is why I only suggested that you try and stay within your original pledge amount. If you can't because you really can't, then I understand. If you can't because you changed your mind, I also understand.
I really want to see this company succeed because I believe in the ideas that Mr. Elio has put forth. I don't work for the company. But I wish I did. I'd be riding that new P5 everywhere and showing it off, as well as putting it through it's paces. Road trips, Red line performance tests, It has been a long time coming, but I will relish the day when we are all driving our cool Elios and modding them to our views of absolute perfection.
Hope to see you all on the road in 2016!
But I also use this post as a gentle suggestion to all that read this post to at least pledge what you initially indicated on the interest application when Elio Motors presented this opportunity. The reason I make this suggestion is this. Elio Motors may or may not have surpassed it's initial goal of $25 million expressed interest when it made it's offer. However, if someone at the company is paying attention and seeing the potential expressed interest they are seeing bigger numbers. For most people, it can be reasonably assumed that anyone who builds on the company using the potential expressed interest as a budget amount is almost certainly guaranteed to fall short on the budget when it comes time to put their money where their mouth is. Unexpected situations can affect anyone, so a pledge can be withdrawn.
But please, for this company to succeed the way we want it to, it starts with us, the backers, the people that pledged their support. If you haven't already secured your shares and have pledged a certain amount, at least continue through and verify your pledge amount you originally expressed. If you decide to invest more, great! But if you can help it, try not to go below what you originally pledged to purchase, unless you really can't. I will repeat again that I understand circumstances change. Financial situations may change. This is why I only suggested that you try and stay within your original pledge amount. If you can't because you really can't, then I understand. If you can't because you changed your mind, I also understand.
I really want to see this company succeed because I believe in the ideas that Mr. Elio has put forth. I don't work for the company. But I wish I did. I'd be riding that new P5 everywhere and showing it off, as well as putting it through it's paces. Road trips, Red line performance tests, It has been a long time coming, but I will relish the day when we are all driving our cool Elios and modding them to our views of absolute perfection.
Hope to see you all on the road in 2016!
slinches
Elio Addict
I invested for the same amount as my indication of interest, though I did increase that substantially in the testing the waters phase.
Steve, welcome and good post. Though I really hope Elio Motors isn't making any commitments based on projections of the Reg A+ funding at this point. That would be very imprudent at least until they hit the $12.5 Million mark and the 7-day windows is up, which is when those funds are guaranteed to actually come in. After that, they should have plenty of time to plan out the use of any proceeds above and beyond that minimum level. I would suggest that no one extend themselves beyond the level of risk they feel comfortable with in order to improve the chances of success. I want this to succeed as much as anyone, but not at the cost of anyone's financial health.
Steve, welcome and good post. Though I really hope Elio Motors isn't making any commitments based on projections of the Reg A+ funding at this point. That would be very imprudent at least until they hit the $12.5 Million mark and the 7-day windows is up, which is when those funds are guaranteed to actually come in. After that, they should have plenty of time to plan out the use of any proceeds above and beyond that minimum level. I would suggest that no one extend themselves beyond the level of risk they feel comfortable with in order to improve the chances of success. I want this to succeed as much as anyone, but not at the cost of anyone's financial health.
cantwait
Elio Addict
There were no pledges, nor reservations, nor promises. There only were non-binding expressions of interest. No one should feel obligated to invest any specific amount. If a person who expressed interest for $250 now feel like investing $50,000, they are free to do so. Someone who expressed interest for $50,000 can decide to invest the minimum of $600, or can decline all together.
Each person should make their current decision based on their current circumstances, not on what seemed like a good idea at the time.
At the end of the 7 day "preferred investor" period, anyone who desires to, and meets the criteria, can invest up to the prescribed limits, regardless of whether they expressed a non-binding interest earlier or not. The opportunity will stay open until the cap is reached, Elio says "that's enough", or December 31, 2015 arrives.
No one should feel any outside pressure. Again, there are no pledges, and there never were. It is strictly pay-to-play now, and only money talks.
Each person should make their current decision based on their current circumstances, not on what seemed like a good idea at the time.
At the end of the 7 day "preferred investor" period, anyone who desires to, and meets the criteria, can invest up to the prescribed limits, regardless of whether they expressed a non-binding interest earlier or not. The opportunity will stay open until the cap is reached, Elio says "that's enough", or December 31, 2015 arrives.
No one should feel any outside pressure. Again, there are no pledges, and there never were. It is strictly pay-to-play now, and only money talks.
NSTG8R
Elio Addict
Agreed. No one is obligated to invest in Elio Motors if it doesn't fit their financial situation. My only issue with your statement is that during the "Test the Waters" phase, if you did express interest (pick the amount), why bother if you had no intention of investing if/when the investment window opened? All you did is skew the numbers and jack with their data. Seems slightly malicious to me. Maybe I'm over reacting, or misunderstood your point....or both.
Sethodine
Elio Addict
Less. As in "none". I had initially pledged $300, but when they raised the minimum to $600 I was forced to swear off that investment. I love EM and was super excited to participate in any small way I could, but I guess my idea of "small" and theirs is different 
cantwait
Elio Addict
Misunderstood, not over-reacting. Realistically, for most people, their original interest and final investment decision will probably be pretty close. Circumstances change, but usually not dramatically within a few months. I'm fairly certain that some people expressed a low interest just to get on the list, so as to be able to make a final decision when the offering went live. I expect that others thought they were helping Elio by expressing a large interest, even though they knew that they would not be able to invest that much. And there were probably others that just wanted to game the system.
I agree with you, posting a non-binding expression of interest with no intention of investing seems malicious.
If it is any comfort to you, my expressed non-binding interest and my actual purchase amount are the same.