KenK
Elio Addict
- Joined
- May 15, 2014
- Messages
- 360
- Reaction score
- 547
This letter clearly indicates that the EM has NOT actually received any money from the stock offering yet. Nor will they receive a single penny until the stock offering is closed permanently.
I think you are moving the goal posts here. The question is whether or not they have amassed $12.6M in escrow by now. If they have, then kiss your money good-bye. It's as good as gone when they do close the sale. Of course you will have your stock when they get their money. Who questions that?
If they have met that $12.6M goal, then that would explain the confidence that Elio has (according to that article) announcing their intent to go ahead and move forward.
Be that as it may, I have not seen any other news outlet reporting something similar, so either this slipped out, or its some journalists overactive imagination. I suspect we will get a New Year announcement from Elio and put this to rest soon enough.