What Is Elio Stock Trading For Today?

[outsydthebox]

Timber! Closed at $11.70, down almost 31% since Paul's investor presentation 11/3, when it was $16.95. That's now below the original opening price back in February. Down every day since that presentation, despite broader market gains (DOW) of over 200 points each of the last two days. Something tells me the investment community didn't like what Paul had to say.

Que sarcasm: So, Pauls investor presentation was "soooo bad" it caused the stock market to plummet around the world?

 

[outsydthebox]

No reservations do not matter as much as meeting milestones towards production and becoming profitable.

Please don't mislead people here. You are correct that IF Elio starts producing and is successful the stock will be many multiples of what it is now.

Reservations have been, and still are, an important part of EMs milestones.

 

[geometro]

Reservations have been, and still are, an important part of EMs milestones.

Can anyone explain the recent drop in the stock price?

 

[bowers baldwin]

Can anyone explain the recent drop in the stock price?

Drop, what drop?, look at it go.... (insert own level of sarcasm here)

 

[NorTracNY]

I did not say reservations are not important, but they are not nearly as important as making progress towards profitability. IF the ATVM loan actually had a requirement for Elio to get 65K, then they are. I find that HIGHLY unlikely. I find it more likely that they are asking them to prove the gas mileage.

For a publically traded company, the milestones towards income or more income are huge. You know what would happen to Apple stock if they said the production of the next iphone is delay 1month?!? Elio gave a good presentation to the investors, but investors are smart people. They deal with other peoples money and people get upset if someone loses their money. His presentation had the bad news that there was a significant delay in a milestone that ELIO had set. He didn't even address the issue! That is likely the reason the stock has dropped from 19 to 12. The overall market has not dropped 37% in that time.

Will there be a rebound? If Elio hits the targets that he has set then yes. He has now publically said that delays to production will be in weeks and not months now. IF he misses the current target, the stock will go down. If he starts hiring and confirms production, expect the stock to rise.

 

[outsydthebox]

Can anyone explain the recent drop in the stock price?

YES...Presidential election.
It happens every 4 years.

 

[Johnny Acree]

From the Marshall link "But note that there are 73,512,452 shares authorized, but not outstanding which could be used to dilute your ownership interest."

If EM releases these shares to raise money to equip the factory. Will it be an announced event? and will that be bad for currant share holders?
I read a Motley Fool Article here. It said that dilution could be good, bad or neutral. I guessing, for EM it could be neutral. It depends on what price the shares sell for, right?

And one thought about the falling price. I've been told that it is dangerous to try to catch a falling knife. It is much safer to wait for it to hit the floor, then pick it up.

 

[Officespaced]

YES...Presidential election.
It happens every 4 years.

I don't think so. Most of the major autos are up since Wednesday. Look at Ford (NYSE:F) and GM (NYSE:GM) for example. Both are up 3+% each of the past three days!

 

[Officespaced]

View attachment 11776
Drop, what drop?, look at it go.... (insert own level of sarcasm here)

Opening price before Paul's presentation was at $16.95. That is a significant drop considering it's been hovering just under $20 for the last six months:

 

[Officespaced]

I did not say reservations are not important, but they are not nearly as important as making progress towards profitability. IF the ATVM loan actually had a requirement for Elio to get 65K, then they are. I find that HIGHLY unlikely. I find it more likely that they are asking them to prove the gas mileage.

For a publically traded company, the milestones towards income or more income are huge. You know what would happen to Apple stock if they said the production of the next iphone is delay 1month?!? Elio gave a good presentation to the investors, but investors are smart people. They deal with other peoples money and people get upset if someone loses their money. His presentation had the bad news that there was a significant delay in a milestone that ELIO had set. He didn't even address the issue! That is likely the reason the stock has dropped from 19 to 12. The overall market has not dropped 37% in that time.

Will there be a rebound? If Elio hits the targets that he has set then yes. He has now publically said that delays to production will be in weeks and not months now. IF he misses the current target, the stock will go down. If he starts hiring and confirms production, expect the stock to rise.

They will need to start momentum in Shreveport soon to hit the 4th Quarter 2017 target according to their Production Plan. From the SEC filing from July:

"A detailed 47-week launch plan has been developed, which includes 25 weeks of pre-production activities, 10 weeks of manufacturing validation and training, and 12 weeks of increased production to reach optimal production output. Incorporated into the launch is the plan that the first 100 vehicles produced will be sold to a fleet customer to provide feedback."