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Interesting Comments From Patrick Byrne And Paul Elio...

Samalross

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And what's that got to do with the price of rice in China?

At this point in time I can't imagine that Paul Elio would still be spending time on getting the Elio into production if he didn't think it was possible. I look at recent developments as "the glass is half full". There are many on this forum who look at it as being "half empty". I'm hoping to meet a lot of you someday at an Elio rally or some such event. I'll hope to have enough crow to go around. I'll buy you a beer to wash it down with.
I will get the second round
 

RUCRAYZE

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And what's that got to do with the price of rice in China?

At this point in time I can't imagine that Paul Elio would still be spending time on getting the Elio into production if he didn't think it was possible. I look at recent developments as "the glass is half full". There are many on this forum who look at it as being "half empty". I'm hoping to meet a lot of you someday at an Elio rally or some such event. I'll hope to have enough crow to go around. I'll buy you a beer to wash it down with.
FYI a half filled glass is always half empty
 

Rob Croson

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I forensically dissected the ATVM requirements in another thread, and the requirements - changed as of June, 2016 - were that reservations were no longer sufficient, and instead confirmed purchases were the new order of the day.
And as I demonstated multiple times, you are blatantly and demonstrably wrong.
 

ElioWallSteet

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I don't see Paul Elio "sticking" it to the SIL folks. There may have to be some sort of modification or bending – but maybe it will be tolerable. I can't imagine Paul turning his back to the All-Ins…. IMHO, I don't think he'd do that.

With Patrick Byrne now onboard...it may not matter what Paul Elio thinks or says...it appears it’s now the Patrick Byrne show...
 

Thomas Malkin

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The main problem with Elio has always been is IF other people do something. IF the government gives them the loan. IF rich people decide to throw away their money. IF someone else does something. Elio has no control or plan.

And before some people get pissy towards me on here, what I have said is true. This site used to have a whole lot more people that were excited. EM has failed and missed deadlines over and over. I feel sorry for the people here that will lose money. No, it wasn't an "investment", it was an unnecessary gamble. It would have been like putting money on the Browns to win the Super Bowl last year.

The plan was the loan. The people here won't "lose money", as the deposts are in escrow. There are no other sources of money for a low-margin autocar, not for the 300+ million they would need now. The ATVM loan people could fix this tomorrow. There is no plan, no leadership style, no MBA magic that fixes the problem that capital doesn't invest in low-profit startups, and doesn't get startups anyway - see Tesla panickers for example. The ATVM loan was precisely for this sort of startup, and they didn't do their job. Or any job at all.
 

Sega

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The plan was the loan. The people here won't "lose money", as the deposts are in escrow. There are no other sources of money for a low-margin autocar, not for the 300+ million they would need now. The ATVM loan people could fix this tomorrow. There is no plan, no leadership style, no MBA magic that fixes the problem that capital doesn't invest in low-profit startups, and doesn't get startups anyway - see Tesla panickers for example. The ATVM loan was precisely for this sort of startup, and they didn't do their job. Or any job at all.

The ones that went all in will. Elio never met the conditions of the ATVM loan. Several years ago, it was dissected from people here that were all in on the Elio and they agreed it didn't meet the conditions. I believe the ATVM loan said something about new technology. Getting the ATVM was a hope and prayer. Not a plan.

You should also look at section B here where it talks about viability to pay back any loan. We all know that Elio does not meet the criteria here. https://www.energy.gov/sites/prod/files/2014/03/f11/finalrule.pdf .......So no, the ATVM loan was not specifically for a company like this.

Yes, getting capital is hard for any start up company, but the main push for funding for Elio was a loan that they could never get. That is a recipe for disaster.
 

ElioWallSteet

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There is no plan, no leadership style, no MBA magic that fixes the problem that capital doesn't invest in low-profit startups, and doesn't get startups anyway...

I have to respectfully disagree with you...

There’s hundreds of billions of dollars of private venture capital available to viable startups...

Given Elio’s track record for not being able to secure venture funding...possibly Elio’s business plan is not viewed as economically substantial...

Paul has made recent comments that the capital markets are “broken”... I see the capital markets as robust and expanding...
 

mkiker2089

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I have to respectfully disagree with you...

There’s hundreds of billions of dollars of private venture capital available to viable startups...

Given Elio’s track record for not being able to secure venture funding...possibly Elio’s business plan is not viewed as economically substantial...

Paul has made recent comments that the capital markets are “broken”... I see the capital markets as robust and expanding...

I think the truth is somewhere in the middle here. The loans didn't materialize at the rate they were expected to. That didn't just affect Elio but stagnated the market. Some survived, well some is Tesla and pretty much no one else. Elio in my opinion would have been a good fit for the program but politically speaking hydrogen was the hot ticket at the moment and now if it isn't electric it isn't good enough. As others have said for a company not on the right side politically to get the loan they needed to prove that they didn't need it. Advanced full paid sales for example.

I see the markets as robust for those who have enough money to manipulate them. Elon Musk sunk a fortune into Tesla and barely scraped by. That's not what I would call a robust marketplace to find funding. The markets are broken as is the social hierarchy of the US. Communism doesn't work though so we have no real alternative.
 
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