Did You Buy More, Same, Less Than Your Pledge Amount?

[NSTG8R]

Good deal. Thanks for the clarification. We're on the same page then.

 

[Jim H]

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 Unexpected situations can affect anyone, so a pledge can be withdrawn.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!

Steve, welcome to the forum and congratulations on your investment in Elio.

 

[LillyMayPatterson #1685 & #5648]

I started with the $250. pledge but upped it later. So, I bought what I pledged.

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!

Welcome Steve W.

 

[Ekh]

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!

 

[KenK]

Given that they were up to $40M in interest and are only seeking $25M, I think they'll do alright. My "worry" is that there will be so much interest it will erode my buy in down to $600. What a terrible problem for Paul to have!

 

[Florida Guy]

Remember that when we indicated interest in investing in Elio Motors we had not yet seen the preliminary SEC filing papers. Only once we saw those documents could be each determine if Elio would be a good investment. It is in those documents that we learned that the price per share would be higher for us than the other shareholders paid and the level of debt this company has is quite large. I have no problem with anyone choosing to invest in Elio at this time, but please do not look down upon those who decide the risk return ratio, as presented in the SEC documents is not high enough. None of us made "commitments" to invest and it was clearly stated that these expressions of interest do NOT create any liability on either side to perform anything.

 

[NSTG8R]

I would never look down on someone that decided that investing in Elio Motors wasn't for them (for whatever reason). But if you did your homework, decided that it's not for you, but then went ahead and put some BS amount of money in the Test the Waters phase just to say you did, with no intention of ever spending a dime, then I would [look down on you].

 

[JEBar]

I'm currently involved in an interesting, ongoing private conversation with a long time member .... given the funds he has to work with, he is trying to make up his mind if it would be a better financial move for him to first up the value of his "All In" reservation .... then use whatever additional money he may have to invest in crowd funding .... crowd funding and All In reservations go directly to EM with no guarantee of any return .... while the All In upgrade yields a 50% return on his investment when it comes time to place his order

 

[TMOSteel]

Unfortunately for me, what I planned to invest and what I have available today are not the same numbers. At the time I expressed interest I based my numbers on what I had set aside in savings, plus I was employed in a much higher paying position. Fast forward to today and my employment has changed and my savings was tapped a few times for necessities.

Unfortunate I know, and I feel bad about not being able to put in my full commitment. I pooled money from other sources and came within a few thousand of my original interest.

Then I thought long and hard over the weekend and realized I can't tie that much up for an indefinite period of time, as well as leaving myself without any kind of cushion. Plus with Christmas around the corner the timing couldn't be worse.

So I changed my order to 1/4 of what it was originally coming in at 250 shares. I wish I could do more but it is what it is.

If things change between now and 12/2 (powerball/mega millions) I'll be happy to fund the whole 25 million.

 

[NSTG8R]

Welcome to the forum, TMOSteel! Kind of like an old saying. If you find yourself in a hole, quit digging.