Excited

[Samalross]

Keep up the hope, doesn't cost anything. But keep your money in your pocket.

 

[Watashiwah]

Keep up the hope, doesn't cost anything. But keep your money in your pocket.

Ahh, there’s the rub: Elio Motor is still taking reservations or ‘spots in ‘line’’ or whatever they want to call it, right? They have to continue that because if they stopped it would indicate that they have given up, especially compounded by their lack of transparency (for whatever nebulous excuse). ‘Giving up’ means that the image that they are moving forward is completely bogus. At some point, some schmuck will be the last one to send in ‘non refundable’ money. The the last 10, 100, 1000, or 10000 will wonder ‘what was different when EM offered me to send in my money?’

It is my feeling that Paul would like to stop this (since it simply cannot go on forever, and there really aren’t enough dupes still out there to make it worthwhile) but like an airplane, will crash and burn when forward movement stops. Paul needs a parachute, I believe we will be hearing some pretty creative excuses as the SEC starts looming large.

 

[RUCRAYZE]

Another theory is that they sold a couple of controllers, sensors and motors off of the Shreveport assembly line for $1000 on ebay and that is funding the $500 they spent on a boatload of single color silk screened T's and 4 color bumper stickers. The other $500 is to pay for shipping to reservation holders.

The Elio Wear website is now down to either black or tan hats. They sold out of jackets, polos, hoodies, fleece and whatever else they used to have but have not restocked.

EM subs out the clothing line. AAMOF there was a time you could get your SIL number printed, i guess he's walked away

 

[Elio Amazed]

That's true. Shreveport actually has nothing to do with Elio or Stu. It's the Caddo Parish and the plant is on the edge of Shreveport City limits but not in it. The Caddo Parish Industrial board bought the plant for $7.5M then the Industrial Development Board took charge. It was leased to Shreveport Business park along with Industrial Realty Group who in turn leased 40% to Elio Motors. At this point everything is up to date and legal. If anyone has any issue its the SBP and IRG, not the Caddo Parish as they are getting their lease payments on time.

Stu is the hero here because he's done a great job to keep Elio afloat because he could bury Elio with calling in payments to Racer Trust (the worker fine), CH Capital (loan on equipment in the plant) and IRG (lease payments). When Elio gets the $100M in the IPO, the three aforementioned groups will get paid out of that pot first. Then payments for fines, leases and the loan go on as usual out of that pot all while Elio finishes the car, outfits the plant and hires workers. When Elio gets to production and 1500 employed, the fines stop but the other two go on.

The worker fines were postponed again. That had nothing to do with Stu.
Stu has no control in or over, and actually has little to do with, RACER Trust.
He put up guarantees against the $25M loan on the Racer Trust equipment.

Stu is merely an occasional consultant to the U.S. Bankruptcy Court formed RACER Trust.

http://www.racertrust.org/About_RACER/About_Us

Just to be accurate.

 

[pistonboy]

The Elio website continues to take reservations. If they knew they were going to go out of business, would they be in trouble for still taking orders? I suspect so. Once again, I hope this is a sign they are not going out of business.

 

[4matic]

Ahh, there’s the rub: Elio Motor is still taking reservations or ‘spots in ‘line’’ or whatever they want to call it, right? They have to continue that because if they stopped it would indicate that they have given up, especially compounded by their lack of transparency (for whatever nebulous excuse). ‘Giving up’ means that the image that they are moving forward is completely bogus. At some point, some schmuck will be the last one to send in ‘non refundable’ money. The the last 10, 100, 1000, or 10000 will wonder ‘what was different when EM offered me to send in my money?’

It is my feeling that Paul would like to stop this (since it simply cannot go on forever, and there really aren’t enough dupes still out there to make it worthwhile) but like an airplane, will crash and burn when forward movement stops. Paul needs a parachute, I believe we will be hearing some pretty creative excuses as the SEC starts looming large.

The fact that Paul no longer appears to be the public spokesman for his own vehicle... seems to indicate the end is near for this decade old project...

I’m not so sure why anyone would still place a deposit given the current financial insolvency of Elio Motors...

 

[BaldGuy]

The fact that Paul no longer appears to be the public spokesman for his own vehicle... seems to indicate the end is near for this decade old project...

I’m not so sure why anyone would still place a deposit given the current financial insolvency of Elio Motors...

Knowing what you know now, that may be true. But someone looking at there reservation pages, it appears things are going well and its not even clear its not being already made. Also, they use the different marketing strategies, showing that many has made reservations many people are talking about it (the news articles), and its current (the links to the newsletters).

Technically, they are using (at the least), Consensus, Consistency, Authority, Scarcity. (We just covered it in my cyber security class. Maleware/scam sites use the same techniques to get people to click on links or buy into scams.
https://www.influenceatwork.com/principles-of-persuasion/

 

[Travelbuzz1]

The fact that Paul no longer appears to be the public spokesman for his own vehicle... seems to indicate the end is near for this decade old project...

I’m not so sure why anyone would still place a deposit given the current financial insolvency of Elio Motors...

Do you need this sign to walk around with?
https://goo.gl/images/UmJ9HC

 

[Samalross]

The Elio website continues to take reservations. If they knew they were going to go out of business, would they be in trouble for still taking orders? I suspect so. Once again, I hope this is a sign they are not going out of business.

They might not be filling any new reservations. By not accepting the money, they can keep it on the website without legal repercussions.

 

[LillyMayPatterson #1685 & #5648]

They are definitely accepting new reservation, as of two minutes ago.