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Elio Court Hearing On 3/27/2018...

Unclebink

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Stu is a real estate guy. From the ones I know that are quite successful, they are approached over and over again with business opportunities. that coincidentally have to do with properties they own. The reason why guys like Stu are so wealthy is because they stick to real estate and don;t get in too much with all of these other opportunities. What they all do is make sure they are protected and any money they so have to put out, will get paid back no matter what. He's not the guy that needs to take over.

Part of the scenario is to form yet another LLC by some unknown person and their only employee is Paul. Then that company becomes the #1 contractor for the new Elio company. That way, Paul still gets to be involved without anyone knowing about it. The key is to honor the deposits but not the price. So, if the car needs to be $10K, then the $1K all ins get it for $9K.
Stu is a real estate guy. From the ones I know that are quite successful, they are approached over and over again with business opportunities. that coincidentally have to do with properties they own. The reason why guys like Stu are so wealthy is because they stick to real estate and don;t get in too much with all of these other opportunities. What they all do is make sure they are protected and any money they so have to put out, will get paid back no matter what. He's not the guy that needs to take over.

Part of the scenario is to form yet another LLC by some unknown person and their only employee is Paul. Then that company becomes the #1 contractor for the new Elio company. That way, Paul still gets to be involved without anyone knowing about it. The key is to honor the deposits but not the price. So, if the car needs to be $10K, then the $1K all ins get it for $9K.
I say that they should honer those that have locked in their price no matter what! Once these cars go into production, there will be many others to follow to make up the difference. What say you?
 

Elio Amazed

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Stu is a real estate guy. From the ones I know that are quite successful, they are approached over and over again with business opportunities. that coincidentally have to do with properties they own. The reason why guys like Stu are so wealthy is because they stick to real estate and don;t get in too much with all of these other opportunities. What they all do is make sure they are protected and any money they so have to put out, will get paid back no matter what. He's not the guy that needs to take over.

Part of the scenario is to form yet another LLC by some unknown person and their only employee is Paul. Then that company becomes the #1 contractor for the new Elio company. That way, Paul still gets to be involved without anyone knowing about it. The key is to honor the deposits but not the price. So, if the car needs to be $10K, then the $1K all ins get it for $9K.
Three things.

1. Who says the LLC candidate would be the highest bidder for the ashes in a bankruptcy auction?
2. Stu is screwed unless the vehicle is produced. No way around it. Even the best fail a small % of the time.
3. With it's track record, this thing won't sell for $10k. No matter what you call the new EM, it will still have a stench.

Oh yeah, I forgot. 4. Whoever gets the ashes still has to come up with almost half a billion and even then it's a risky venture.
 

RSchneider

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1. I doubt that people are lining up to get this technology. Nothing is special at all.
2. Stu makes out. he has little at any at risk (risk is the key word). He will keep making money on the rest of the properties. Plus, he is not going to live forever, so he only has a limited time to enjoy is past successes.
3. This is key, the assets and IP is not worth much in real life.

All of this will be taken care of with the Eliocoin So problem solved.
 

Elio Amazed

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1. I doubt that people are lining up to get this technology. Nothing is special at all.
2. Stu makes out. he has little at any at risk (risk is the key word). He will keep making money on the rest of the properties. Plus, he is not going to live forever, so he only has a limited time to enjoy is past successes.
3. This is key, the assets and IP is not worth much in real life.

All of this will be taken care of with the Eliocoin So problem solved.
What do you mean Stu makes out? On Elio Motors? Ah... No. Not unless it's produced.
And that will take another $470M. No-one likes to lose. Even if it is a few paltry tens of $Millions.
Are you being facetious about Eliocoin? I hope so. I could print up a few million Elio Amazed dollars today.

BTW, Stu is not making money on the Shreveport plant contract.
He's losing money on it if you consider that EM is paying him in options.
 

Sega

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Sega, 1. You don't have the money. 2. Elio did not have the court hearing date when I contacted them last week and to listen to all of these assumptions is a waste of my valuable time.

This site has a TON of assumptions. How many release date assumptions are on here. Just because my post isn't peachy, doesn't mean it was wrong. I mean, members here had to CALL the court house to get the info. Notice how Elio never followed back up with the customer when they found out? Did they put this info on their site? I don't see it. Their latest news was from Aug 3. I feel like this court date is actual news.
 

Sega

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This project has been doomed for years. Very unfortunate since the concept is good, the customers behind it are good people, the idea of a simple car for cheap is great, but the management team that is running EM never seemed to have a real strategy.
 

AriLea

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1. I doubt that people are lining up to get this technology. Nothing is special at all.....
It's only the digital/intellectual property and marketing research that retains any value, if the factory situation is not in the mix.
Frankly, on a total re-boot, for the best return, all the engineering created up to now would go overseas. (Another result I would not like to see.) However, there is another track to success that even fits a chap 11, releasing the commitment to high production right off. That is, do low production at a higher margin until the novelty wears off. Give all the reservations the option to convert to the new price and the others get to wait for some future date at some future lower price.

So how high could a low production Elio sell for? Smart USA was getting 36k each at first, then shifted down to 32k, then under 30k at 10k units/yr more or less. I'm not sure how long but maybe 5-7 years later they went to the 11-4k level without BMW engines as all the other makers produced competitive product.

The real tricky part here is the shift from low volume to high volume as it relates to cash on hand, new investment, and the timing of competition. Messing up there would kill off a start-up.

I'd personally go with auctioning like an EBay, save up the cash (to make myself more attractive) and choose the shift window depending on what the auctioning vs the competition showed me. It took 5 years before major makers were convinced on the Smart-Class market.

Now if they actually produced a different model for that low volume out put, there would be less requirement to wait for chap 7/11/13 or whatever. (creativity in the Trump era eh?)
 

Samalross

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It's only the digital/intellectual property and marketing research that retains any value, if the factory situation is not in the mix.
Frankly, on a total re-boot, for the best return, all the engineering created up to now would go overseas. (Another result I would not like to see.) However, there is another track to success that even fits a chap 11, releasing the commitment to high production right off. That is, do low production at a higher margin until the novelty wears off. Give all the reservations the option to convert to the new price and the others get to wait for some future date at some future lower price.

So how high could a low production Elio sell for? Smart USA was getting 36k each at first, then shifted down to 32k, then under 30k at 10k units/yr more or less. I'm not sure how long but maybe 5-7 years later they went to the 11-4k level without BMW engines as all the other makers produced competitive product.

The real tricky part here is the shift from low volume to high volume as it relates to cash on hand, new investment, and the timing of competition. Messing up there would kill off a start-up.

I'd personally go with auctioning like an EBay, save up the cash (to make myself more attractive) and choose the shift window depending on what the auctioning vs the competition showed me. It took 5 years before major makers were convinced on the Smart-Class market.

Now if they actually produced a different model for that low volume out put, there would be less requirement to wait for chap 7/11/13 or whatever. (creativity in the Trump era eh?)
With 130 or so million in debt, it is too late to restart at a smaller scale. Best to go under then re form.
 
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