Additional funding offers no guarantees. EM had $16 Million in the bank as a result of their successful Reg A+ IPO. $12 Million of that was earmarked specifically for completing the 25 E Builds and validation testing. EM stated in their SEC filing, "that process will take 4-6 Months after the funds are in the bank". It didn't happen.My opinion. I feel like Mr Lichter should have, and should be doing done more to help Elio along. Yes, he is Mr real estate, but if he is an Elio shareholder and has Pauls ear, he could be doing more. A wheeler dealer like Mr Lichter know about making deals and big money. I think if he put effort into it, production money would already be sitting in Elio's account. Also, he could have pushed Elio to move along quicker in order to start up the Shreveport operations.
He is a board member, why is he not pushing? Or, is he?