ElioWallSteet
Elio Aficionado
Here’s a few comments from a TV interview with Patrick Byrne and Paul Elio...
And I quote today’s KUTV interview...
>>>> Elio admits his company has struggled with funding.
"Our capital markets are broken," Elio said."I don’t think it was us. The system is broken."
The car company needs roughly $375-million to start production. So far, the company has raised $115-million.
"I think cryptocurrency is part of that solution," Elio said during the news conference without going into detail.
According to Byrne, the car company will raise money by selling security tokens similar to the cryptocurrency bitcoin.
"I’m actually more excited about the token," said Byrne, explaining that people who buy the coin won't have to wait in line to buy a car. <<<<
Hummm...does this mean the current reservation holders go to the back of the line...hard to understand Byrne’s thought process!
And I quote today’s KUTV interview...
>>>> Elio admits his company has struggled with funding.
"Our capital markets are broken," Elio said."I don’t think it was us. The system is broken."
The car company needs roughly $375-million to start production. So far, the company has raised $115-million.
"I think cryptocurrency is part of that solution," Elio said during the news conference without going into detail.
According to Byrne, the car company will raise money by selling security tokens similar to the cryptocurrency bitcoin.
"I’m actually more excited about the token," said Byrne, explaining that people who buy the coin won't have to wait in line to buy a car. <<<<
Hummm...does this mean the current reservation holders go to the back of the line...hard to understand Byrne’s thought process!
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