Were you focused on "successful campaign"?
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" If this minimum offering amount has been deposited by December 31, 2015, the offering may continue until the earlier of March 31, 2016 (which date may be extended at our option) or the date when all shares have been sold.
Elio will have to amend the offering circular, but they have some time to do that. I've been checking.EM is very limited in what they can disclose while the stock sale is ongoing. And if they do extend the end date, I think it would likely require some communication with the SEC which would be public record.
The sad part for me is no completed P5 on the test track which was and still is needed to generate venture capital investor interest. A P5 screaming around the test track may have generated more of the $41 Million in expressed interest funding as well.Understood, just wanting the obvious things acknowledged.
Anyway, so worst case scenario, how far can Elio get on $12.6M?
And I just think it's sad that out of $41M in "expressed interest", we can't even get $25M of actual money.
Once they say it in a press conference, they will have to follow-up with an amended filing.I'm not sure, but, I think EM can say things in a press conference, that EM can't say in a blog.
Due to insider trading laws. Think "Martha Stewart".