What Is Elio Stock Trading For Today?

[AriLea]

So how has the BitCoin affected things ?
I see the new news item says there is 120mil less required for start up due to the OEM engine adoption.
Did someone think it was an ecco-boost Ford engine? Or that new tech for trucks?

From the article

The new powertrain will push the Elio’s performance specifications far beyond prior consumer expectations. The engine should offer nearly a 100% increase in horsepower rating when compared to initial Elio prototype vehicles. When combined with the Elio’s low curb weight, the new powertrain is expected to deliver excellent driver response and a highly improved acceleration time. Even with the Elio’s substantial increase in performance, the advanced technology in the new powertrain should enable Elio Motors to achieve their promise of ultra-high fuel efficiency. [\quote]

 

[Travelbuzz1]

So how has the BitCoin affected things ?
I see the new news item says there is 120mil less required for start up due to the OEM engine adoption.
Did someone think it was an ecco-boost Ford engine? Or that new tech for trucks?
From the article

After October 15th the ElioCoin will be available to be purchase by the public and that date has not been released. The EcoBoost is the engine that just about everyone thinks Elio will have from Ford. Go see the "WoW" thread, for ElioCoin see those threads.

 

[Officespaced]

After October 15th the ElioCoin will be available to be purchase by the public and that date has not been released. The EcoBoost is the engine that just about everyone thinks Elio will have from Ford. Go see the "WoW" thread, for ElioCoin see those threads.

It will be interesting to see if the pre-sale ends on October 15th, or be extended. They are looking to raise $25 million in the pre-sale. Right now, there's no market platform to trade the coins. tZero, Overstock's subsidiary is the proposed trading platform, but it's not running quite yet. tZero itself had several pre-sale extensions, before concluding earlier in the summer with a large overseas investment and more to come if certain valuation targets are met, primarily a $1.5 billion valuation.

Also interesting to note, Patrick Byrne, CEO of Overstock, was noted in the ElioCoin PR about the ElioCoin pre-sale to being the first investor in the coin. Just a month ago, Mr. Byrne sold $20 million of Overstock stock to invest in "sidecar investments". I bet ElioCoin is such an investment, but to what extent is unknown. He has a vested interest to see that ElioCoin and tZero succeed.

Bottom line, if they do close the pre-sale on 10/15/18, I think it's safe to say they raised their $25 million. If not, then they will extend the date to try and garner more interest. It's not uncommon to extend an offering The rumors on tZero going live suggest late October. If true, then the timing plays very well with ElioCoin being the first coin offering trading on tZero.

Beyond that, what is the current capital requirements Elio thinks it needs? Last year, Paul indicated they need $376 million to bring to market. In the May 2018 Shreveport presser, he indicated that with supplier agreements, that amount would be less, but didn't name a number. Most recently, we know that Elio hopes to reduce capital expenditure by $120 million, by sourcing an existing power train platform. What are the current capital requirements that ElioCoin needs to produce to move forward?

To the larger audience, will you be buying ElioCoin once the private placement is complete and it's available to trade on tZero?

 

[RSchneider]

It took longer for the private sale for tZero coins. Only when they got an influx of $160M from the Chinese, did it all of a sudden was done. So, that tells me that they were around $90M out of the $250M needed before the influx.

 

[AriLea]

It took longer for the private sale for tZero coins. Only when they got an influx of $160M from the Chinese, did it all of a sudden was done. So, that tells me that they were around $90M out of the $250M needed before the influx.

That's one thing that seems predictable, the Chinese are not likely to angel invest in EM, not that anyone ever thought of that source for this.

 

[RSchneider]

That's one thing that seems predictable, the Chinese are not likely to angel invest in EM, not that anyone ever thought of that source for this.

you missed the point. tZero was going nowhere and got lucky. They extended their offering over and over again. Since the ElioCoin is private right now, we have no idea as to who is buying in. The real question is, where will ElioCoin be traded? I would assume tZero but I don't know if they are up and running right now.

 

[Travelbuzz1]

It will be interesting to see if the pre-sale ends on October 15th, or be extended. They are looking to raise $25 million in the pre-sale. Right now, there's no market platform to trade the coins. tZero, Overstock's subsidiary is the proposed trading platform, but it's not running quite yet. tZero itself had several pre-sale extensions, before concluding earlier in the summer with a large overseas investment and more to come if certain valuation targets are met, primarily a $1.5 billion valuation.

Also interesting to note, Patrick Byrne, CEO of Overstock, was noted in the ElioCoin PR about the ElioCoin pre-sale to being the first investor in the coin. Just a month ago, Mr. Byrne sold $20 million of Overstock stock to invest in "sidecar investments". I bet ElioCoin is such an investment, but to what extent is unknown. He has a vested interest to see that ElioCoin and tZero succeed.

Bottom line, if they do close the pre-sale on 10/15/18, I think it's safe to say they raised their $25 million. If not, then they will extend the date to try and garner more interest. It's not uncommon to extend an offering The rumors on tZero going live suggest late October. If true, then the timing plays very well with ElioCoin being the first coin offering trading on tZero.

Beyond that, what is the current capital requirements Elio thinks it needs? Last year, Paul indicated they need $376 million to bring to market. In the May 2018 Shreveport presser, he indicated that with supplier agreements, that amount would be less, but didn't name a number. Most recently, we know that Elio hopes to reduce capital expenditure by $120 million, by sourcing an existing power train platform. What are the current capital requirements that ElioCoin needs to produce to move forward?

To the larger audience, will you be buying ElioCoin once the private placement is complete and it's available to trade on tZero?

I'm trying to move these threads where they belong.

 

[Made in USA]

Just bought 50 shares at $4.40 today.

 

[Officespaced]

you missed the point. tZero was going nowhere and got lucky. They extended their offering over and over again. Since the ElioCoin is private right now, we have no idea as to who is buying in. The real question is, where will ElioCoin be traded? I would assume tZero but I don't know if they are up and running right now.

The SEC doesn't recognize STO's or whatever they want to call themselves. tZero is marketing themselves as an STO platform with an Alternative Trading License (ATS), securitized to an asset. They are attempting to legitimize STO cryptocoins tied to an asset, instead of just ether; the bulk of cryptocoins to date.

Elio announced last August, an effort to raise $100 million via the traditional route of an IPO on NASDAQ. They pulled that this past spring, while announcing ElioCoin. Since then, even before then, the cryptocurrency market has certainly cooled. Why pull the IPO? Elio certainly spent time, effort and money to go this route. Certainly an established IPO route would work better than uncharted STO territory? I'm guessing there was little "qualified investor" interest to make that IPO successful. Keep the car, keep the name, but please bring someone in that can drive (pun intended) it to fruition. Paul can be Chairman of the Board, but not CEO...

"The capital markets are broken" argument from Paul is tired and old. Has been saying that for at least five years now. If the market believed in your product, your leadership, they would invest. Hundreds of $100 million dollar + startups have been launched since 2009. I'm not saying the product is bad, I like it. I sat/explored the black E1C, at the 2016 LA Auto Show. But certainly the selling of it has been dreadful; we need better stewardship. We know Paul keeps pounding the pavement, but there's been little result, financing-wise, in more than half a decade, other than recent crypto savior Overstock. Paul has little successful experience in this race and has been paid a handsome salary of $250K/year with little production results to show for it. The initial Reg-D stock offering raised $16 million of a targeted $25 million @ $12/share. Those monies, along with reservation deposits, have all been but a few, been spent. Stock price on the pink sheets have languished at between $2-$6 in the last year. "Where's the beef?"

Regarding tZero, okay, I'll bite. If Elio wants to change course and trade as an ICO, then so be it. They can join the literally hundreds of fraudulent ICO's listed in the last year on foreign trading platforms that have failed, labeled by the SEC as "scams", and have cost uneducated investors hundreds of millions. Is that where you want ElioCoin to go, an unregulated market? Currently, there are no SEC recognized STO trading platforms. What tZero is proposing, is the best bet right now, to legitimize the concept of an STO, via their ATS license. ElioCoin could be the poster child for an STO. The media coverage alone, given interest in cryptocurrencies, could be huge! Or just as much, a bust! Time will tell; we just don't know. Thus far, the pre-sale of ElioCoin has had muted ramifications for movement in the OTC stock price.

With ElioCoin, Elio is treading on foreign ground, with little transparency. When pressed for financial details, they keep hiding behind "SEC regulations", but for STO's, there are none, as they are not yet recognized, and under their purview. "Pay no attention to the man behind the curtain!" On the other hand, like being the very first the Reg-D stock offering, they could be a pioneer in the corporate financing space. Let's hope this venture is more successful. Like Overstock's Mr. Byrne, I share his dream of STO's of being the future of funding projects.

 

[Travelbuzz1]

4.146 - 0.354 (down 7.87%)
Shares Traded: 1 2 2 6

For the more sophisticated: ...DOW 25,598.74 ▼- 831.83 -3.15%
4.146 - 0.354 (down 7.87%)
4.12 / 4.15
(116 x 100)