Updated Elio (2/17/16) 1-u Financial Report...very Interesting Reading!

[Kuda]

There will be some washing-out of reservationists due to the long delay between first making a reservation and receiving a car. Some people will have died (pace, Zelio), others will have gone bust, others will have had kids enter college and be cash-short, etc. BUT EM does have orders with over $300 million book value. By the time they enter production, that number may well be $400 or even $450 million (might be higher, but $450 million would take an additional 22,000 reservations).

If Elio starts getting those tests done and good results publicized, we can expect a real jump in reservations. The biggest risks to EM right now are the ATVM loan guarantee not coming through and gas prices staying absurdly low. (That last one won't affect people who make decisions by analysis, but WILL affect the more simple-minded buyers, which most consumers are).

Also, FWIW, the book value of the reserved cars is VERY conservative, as it ignores options, which can easily add 15 to 25% to the average actual purchase price. In practice, the book value of the business goes way up.

Finally, if the auto cycle legislation passes, the underlying profitability of EM soars due to CAFE credits (explained in the report that started this thread).

Big risks, big gains -- that's the Elio story.

SMB's Unite!! )
simple minded buyers

 

[Rickb]

Sorry, my bad. I guess I've been giving too much ear to the trolls, and misunderstood your meaning.

Thanks! I am a man.............not a Troll! lol

 

[John Painter]

The nose/grill remind me of a split between a Porsche and a Pontiac
Pretty bizarre little 3 wheeler; interesting that they painted it orange.

It's also electric..... hmmm where does Arcimoto get their parts????

 

[Rickb]

It's also electric..... hmmm where does Arcimoto get their parts????

Arcimoto designs, engineers, and fabricates their own SRK parts in house, along with building their own prototypes.

 

[John Painter]

Arcimoto designs, engineers, and fabricates their own SRK parts in house, along with building their own prototypes.

Interesting. I had read in one of their filings with DOT some time back that they get a number of parts from China. So they are using US suppliers?

 

[Jeff Porter]

Its happy husband = happy wife

Here's another one:

IF wife not= happy, THEN nobody = happy;

 

[John Painter]

Here's another one:

IF wife not= happy, THEN nobody = happy;

Or in binary form: 01001001 01000110 00100000 01110111 01101001 01100110 01100101 00100000 01101110 01101111 01110100 00111101 00100000 01101000 01100001 01110000 01110000 01111001 00101100 00100000 01010100 01001000 01000101 01001110 00100000 01101110 01101111 01100010 01101111 01100100 01111001 00100000 00111101 00100000 01101000 01100001 01110000 01110000 01111001

 

[Sethodine]

IF wife =/= happy,
THEN nobody = happy
END IF;

Something like that. I'm sure I'm mixing up the syntax for C# and VBA.

 

[bowers baldwin]

I must be doing something wrong, I keep coming up with: 49 46 20 77 69 66 65 20 6e 6f 74 3d 20 68 61 70 70 79 2c 20 54 48 45 4e 20 6e 6f 62 6f 64 79 20 3d 20 68 61 70 70 79 3b

 

[Sethodine]

I must be doing something wrong, I keep coming up with: 49 46 20 77 69 66 65 20 6e 6f 74 3d 20 68 61 70 70 79 2c 20 54 48 45 4e 20 6e 6f 62 6f 64 79 20 3d 20 68 61 70 70 79 3b

Don't forget your 00 terminator....