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What Is Elio Stock Trading For Today?

Samalross

Elio Addict
Joined
Mar 3, 2017
Messages
890
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637
Location
Toronto

ABC123

Elio Aficionado
Joined
Dec 18, 2016
Messages
85
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78
Location
Rochester, NY
Disclosure: I do not own stock

When someone buys stock that is publicly traded, those are funds exchanged between shareholders; Elio does not benefit one cent, but their market cap can change. So when Stu Lichter bought his shares recently (as reported), were those new shares issued by Elio as part of a private placement? That way Elio gets a small cash infusion, but at the expense of current shareholders, who now find their positions diluted by the additional ~33.4k shares bought. With such low stock volume trading every day, how does one unwind that position without causing the price to plummet. There are investors, and there are traders. I don't think this stock is attractive to traders.
 

Maurtis

Elio Addict
Joined
Jan 14, 2016
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San Marcos, TX
Don't scare me like that! $6.30 is not Holy Crap! .63 would be Holy Crap, also $63.00 would also qualify.

It is looking like $6.05 right now, but low volume.

Elio_605_OTC.png
 

KenK

Elio Addict
Joined
May 15, 2014
Messages
360
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I got out. Put my 400 shares up Monday and let them go for $6.30 I think. About a 43% loss in value. That's the way the cookie crumbles some times. I hope this triggers a massive turn around for Elio, as it would not surprise me my luck would be that bad. :D

I'm not bitter, just wish things looked brighter. I'll still have my SIL if things do work out.
 
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