Elio Stock Drs Issues

[Travelbuzz1]

Thanks Jerry, thats what Vstock was asking me to get from Scottrade that my local rep said he couldn't send. Kind of losing my confidence in Scottrade if only for the way this was handled. Could be just the person I dealt with, dunno. May not write them off completely as I have other stock with them.

Just found this about Reg A:

Regulation A
Regulation A of the Securities Act of 1933 (aka Reg A) exempts small offerings of securities from the regular SEC registration if these conditions are met:

• The public offering is not for more than $5,000,000 within a 12-month period.
• The offering statement, which is a simplified disclosure document, must be filed with a Regional Office of the SEC at least 10 days before the issue is offered for sale.
• The offering circular, which is similar to the prospectus in providing full disclosure, must be sent to each buyer of the issue at least 48 hours before the confirmation of the sale.
• The offering circular must be revised if the issue is still being offered 9 months after the initial issue, and the issuer must file a sales report of the issue with the Securities and Exchange Commission (SEC) every 6 months until the offer is terminated.

So now I am confused and wonder if Scottrade is confused, I need to reach them and ask them out right do they accept Regulation A stock.

I have just sent my information with Charles Schwab. In which I had to mail a form to Phoenix, Arizona and I included all the information I can to assist them with.

 

[Travelbuzz1]

Just checked. ETrade will not take ELIO

This information came from John Painter, and I have just sent my information with Charles Schwab. In which I had to mail a form to Phoenix, Arizona and I included all the information I can to assist them with.

 

[MARK MONTGOMERY]

I am trying OPTIONSHOUSE. They said they will do ELIO. I have sent them the paperwork and am waiting to see

 

[bunchathrees]

One clarification: Elio shares were issued under Reg A+, not the original Reg A.

https://www.sec.gov/news/pressrelease/2015-49.html

On that same page is a link to the PDF of the final rules.

 

[James Reveal]

Has anybody successfully transferred their shares from VStock Transfer to their own broker? Is there any online brokerage that is currently accepting transfers of ELIO stock, if so which one(s).

John,
I did so yesterday I emailed Vstock Transfer they sent me a form that my broker used to transfer the stock. I haven't confirmed that it is in my Schwab account yet but the process has started. By the way Yesterday was a big day for ELIO on the over the counter market ELIO sold 4.93 Million shares of stock at approximately $25 per share. So yesterday ELIO raised $123Million on the $280 million need to fully fund production one more day like that and production is assured. If you bought stock in the Start Engine presale at $12, your stock has more than doubled on the over the counter market.

 

[MARK MONTGOMERY]

I am trying OPTIONSHOUSE. They said they will do ELIO. I have sent them the paperwork and am waiting to see

They received my paperwork and now my funds. They said I can start trading Elio Monday. We will see.

 

[HonestTex]

They received my paperwork and now my funds. They said I can start trading Elio Monday. We will see.

Transferred my funds last night. Time to start researching penny stocks.

 

[TCBronson]

Has anybody successfully transferred their shares from VStock Transfer to their own broker? Is there any online brokerage that is currently accepting transfers of ELIO stock, if so which one(s).

My stock is now in my Brokers account at Fidelity as of today. I started the process on Friday, Feb 26th.

 

[Travelbuzz1]

Finally after TD Ameritrade, Scottstrade, and who ever besides information in these threads that went nowhere after mailing (USPS / E MAIL) their requested information. I am very satisfied with this company,

Thank you for your request to transfer assets to Charles Schwab.

This email confirms that we have received your request to transfer assets to your Schwab account from ELIO/SHAREHOLDER SERVICES. The estimated completion date for the assets to be delivered by your previous firm is 03/15/16.

You can review your account activity by logging into www.schwab.com and choosing Service then Overview and select Account Status. If you're logging in for the first time, you'll need your account number. Click New User? next to Login ID. On the next page under Login ID Setup follow the instructions. Once logged in, you can view your account activity by choosing Service and thenOverview.

 

[boppa1mimi]

Has anybody successfully transferred their shares from VStock Transfer to their own broker? Is there any online brokerage that is currently accepting transfers of ELIO stock, if so which one(s).

Charles Schwab had no problem accepting it after TD Ameritrade rejected my transfer request. I turned in the paperwork at their branch office on Monday, March 7th, they said the transfer would take 5 to 7 business days. I'll let you know when the transfer has been completed.