Thomas Malkin
Elio Aficionado
As I read it yesterday, several things were made clear by Paul and company.No response to this thread? I see this as a strong positive am I wrong? Does this mean Paul Elio get a negative response or decided to go for broke selling stock? My first thought after getting my email was "most encouraging thing about Elio in at least a year."
-No angels will invest. They've been trying for a year and more, but as Paul himself said, they can't make enough profit to interest any.
-They need a hundred million just to survive a bit longer, not to bring out the car.
-Sadly, Wall Street will have a say in their future if they manage the IPO.
-The problem, as I've stated and Paul repeated in bafflement, is that the ATVM loan people have simply stopped giving loans.
-The IPO is a stopgap to stay alive long enough for the ATVM people to finally give out the money they (me editorializing) are bloody paid to loan out.
-The money they need has been at least doubled due to the delay of the intransigent ATVM loan crew.