Latest Email From Paul Elio---- Nice Gesture Or Calming The Lynch Party???? Added Bonus

[Pschencker]

Dear Paul,

As many of you know, the journey of bringing the Elio to market has been an awesome undertaking in which many milestones have been achieved. The engineering is almost complete, the factory is secured, our supplier and service partners are engaged, and we have multiple opportunities for funding to finish the project.

As I have stated in many interviews, the Elio isn’t just about its fuel efficiency or low price, there is no magic to achieving those goals, it’s about the people. The Elio is about the reservation holders that support the project, the many suppliers that have come together to making this happen, the immediate impact on our environment and most importantly bringing back American manufacturing jobs. We think all of the success in engineering, partnerships and support to this point is because the Elio is much more than just a vehicle; it is a movement.

We want to say thank you for your support as well as your understanding of the magnitude of our project. The thank you, which is effective today, is in an additional reservation bonus for those of you that have been with us the longest.

• If your All In reservation or upgrade was made before January 1st, 2014 we will give you an additional 35% when you come buy your Elio. So, instead of receiving 50% bonus on top of your All In reservation amount, this elite group of reservation holders will be receiving 85% of your reservation amount as a thank you for believing in the vision and giving us your support from the very beginning.
• If you have an All In reservation or upgrade from January 1st, 2014 through June 30th 2014, we will add 20% to your reservation bonus taking it to a total of 70%.
• The final group that will receive the reservation and upgrade bonus is for those All In reservation holders from July 1st through December 31st, 2014. If you are in this group, you will receive an additional 15%. This will take your reservation bonus up to a total of 65%.

The reservation bonus is from Elio Motors and it will be reflected in your final invoice for your Elio. The system date for your All In reservation or upgrade will be automatically reflected when you purchase your Elio.

If you have any questions, please email us at the reservation holders only support email - futureowners@eliomotors.com.

Again, thank you for believing in and supporting Elio Motors,

Paul Elio

 

[Pschencker]

I personally think he is wanting to calm down all the reservation holders, but lets think about this.
Would a up and coming, or going, company give back millions of badly needed funds to their first customers.
If that's the case, you can be sure the list will go up as well. just my 2 cents.

 

[Chris F]

I personally think he is wanting to calm down all the reservation holders, but lets think about this.
Would a up and coming, or going, company give back millions of badly needed funds to their first customers.
If that's the case, you can be sure the list will go up as well. just my 2 cents.

By the time sales start, the extra bonus amounts will not be material. He'll have all the money he needs by that time.

 

[Pschencker]

What I'm saying is that the margins in these cars have to be very slim, and he is throwing as much as 350.00 back on some cars. that's 5% back on a 7000.00 car.

 

[Bilbo B]

The extra bonus and the timing are interesting. I'm having some problems coming up with a good reason for either. A year from now it might make sense (assuming production was imminent) - Thanks for sticking with us. But we're all in, non-refundable. Not like we're going to run off anywhere. I suppose it might help convince people who are on the fence right now to decide to take the plunge, hoping they repeat this a year from now.

No matter how I look at it, I don't see it as a bad thing. The news the last week or so has certainly been better than we've had for a while.

 

[DAVID BROWER]

SOUNDS LIKE GOOD NEWS TO ME .

 

[Jeff Miller]

Got my email as well. I think of it as good news.

 

[JEBar]

SOUNDS LIKE GOOD NEWS TO ME .

agree .... its unfortunate that some "skeptics" (I'm trying to be nice) will no doubt try to twist it into being some devious ploy .... at the very least its a good public relations move .... the good news about the P5 will hopefully spur reservations which will further spur investment funding .... to me its a good move, being made by a good company to reward folks who it believes are its good customers/supporters

 

[ternion]

I just saw this note as well. I think it is a way to try to "purchase" loyalty from those that are becoming increasingly impatient from the false hope (not a bad thing), and to ensure that as high percentage as possible of those ~36K(?) deposits [before Dec 31, 2015] actually turn into sales eventually. He knows that the longer the delay, the lower that percentage will be. It is a smart move.

 

[ThreeWheelBurnin]

I'm in the 70% group. If I upgrade my reservation to the $1000 level, do you suppose that I would get a 70% bonus on the $1000 or just on my original $100?

That's probably what this is all about... Getting people like me to upgrade so they can get a little more upfront cash in the coffers... I'm cool with that, I suppose.