Aprilia
Elio Addict
IMO...Elio Motors does not have a billion dollar market cap...
3,000 shares a day on the pink sheets is not true price discovery...
Currently a few speculator's are buying & selling a small amount of stock daily...If the daily volume of Elio stock was 50,000 to 100,000 shares...that would paint a different picture...
There are no institutional buyer's for the millions of outstanding shares of Elio...
FYI...a Morgan Stanley study found that the current institutional ownership average among S&P 500 companies is 83 percent of shares outstanding.
The Reg A+ offering was a chance for small investor's who believe in the Elio story to buy a very small percentage of the company...
Elio Motor has not made a standard public offering...their stock has not been unwritten by any major financial institution...and the stock is not listed on a major electronic exchange...
Big price swings that suggest manipulation & speculation will not be a positive factor for Elio's reputation...and will actually make it harder for Elio to secure production funding...
If you can actually find a buyer at $40 to $65 a share...now would probably be a good time to sell...
3,000 shares a day on the pink sheets is not true price discovery...
Currently a few speculator's are buying & selling a small amount of stock daily...If the daily volume of Elio stock was 50,000 to 100,000 shares...that would paint a different picture...
There are no institutional buyer's for the millions of outstanding shares of Elio...
FYI...a Morgan Stanley study found that the current institutional ownership average among S&P 500 companies is 83 percent of shares outstanding.
The Reg A+ offering was a chance for small investor's who believe in the Elio story to buy a very small percentage of the company...
Elio Motor has not made a standard public offering...their stock has not been unwritten by any major financial institution...and the stock is not listed on a major electronic exchange...
Big price swings that suggest manipulation & speculation will not be a positive factor for Elio's reputation...and will actually make it harder for Elio to secure production funding...
If you can actually find a buyer at $40 to $65 a share...now would probably be a good time to sell...
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