Elio Tells Sec It Has Lost $53m So Far

[Buckeyejake]

I've got a couple grand invested in a deposit and stock. I don't want to lose that investment but I have enjoyed the last few years in discussion about the Elio. Come on folks, none of us will go bankrupt if the Elio doesn't make it to a production vehicle. Disappointed yes, bankrupt no.

Enjoy the adventure. How often do we get the chance to be on the beginning of a possible revolutionary transportation event.

Keep the faith, baby!

 

[TCBronson]

What I find disheartening about the Elio Motors adventure, is when reading a number of comments, just how detached many Americans have become from what real work is, from what it actually means to create a new product, and bring it to market. I find it a bit discouraging to read the tritness embedded in comments I see, such as 'yes I know it's really expensive and takes time, but they should have been done by now.... I really want them to succeed.'

Well said! Thank you!

 

[Marshall]

Trite but true: He who laughs
last....

..is sometimes in an institution...

 

[pistonboy]

All we are familiar with is personal finance. Business finance is probably very different. I doubt if any of us are qualified to accurately evaluate Elio Motor's financial situation.

 

[Kuda]

All we are familiar with is personal finance. Business finance is probably very different. I doubt if any of us are qualified to accurately evaluate Elio Motor's financial situation.

 

[Rickb]

All we are familiar with is personal finance. Business finance is probably very different. I doubt if any of us are qualified to accurately evaluate Elio Motor's financial situation.

EM's financial situation was well documented in their SEC Filing.

Finance is finance: Don't spend more than you make or can pay back over time. Also, I share my knowledge and experience with the stock market: Buy low, sell high.

 

[skygazer6033]

Considering EM has been up and running since 2008 and have accomplished all they have since then it should be no surprise they're heavily in debt. It's a classic "catch 22". You need money to get started, you need to get started to get the money. This isn't the SECs first rodeo so I'm reasonably certain they've seen better finances but I'm also certain they've seen much worse. An 8 year old company with virtually no income other than early adopter deposits I'm surprised their finances aren't worse than they are.

 

[Muzhik]

I think the same when a news article states that a vehicle "lost its brakes"!

This reminds me of something that floated around the internet many years ago; supposedly real entries in Air Force maintenance logs and the service tech replies. The latest incarnation is supposedly from Quantas Airlines:
http://www.vansairforce.com/community/showthread.php?t=12469

My favorite is this exchange ("P" is Pilot, "S" is Service tech):
P: Number 3 engine missing.
S: Engine found on right wing after brief search.

 

[RUCRAYZE]

Before the navel engagement the admiral would leave the bridge, go to his stateroom, open his book and repeat
"port is left,starboard right"

 

[outsydthebox]

Come on guys (and gals)...let be truthful here...

Elio's balance sheet is a disaster...

Elio is up to it's eyeballs in debt...they've been spending money like "drunken sailors"...

Let's get real...without a huge infusion of capitol...Elio will more than likely run out of cash...
.

You see, these are the type of comments that result in loss of credibility.
Can you please post the links to those "facts?"