John Painter
Elio Addict
Here you go! Very helpful video from Paul and all the info anyone needs to invest, provided you're qualified.
http://www.eliomotors.com/investor-inquiries/
http://www.eliomotors.com/investor-inquiries/
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.This move is not a new idea for EM at all but is simply EM adapting previous ideas into the current plan in order to meet their goals. This is what is known as a private placement and this is actually EM's fourth attempt at doing this since 2011. We know this from Elio Motors filings with the SEC. So contrary to the popularly held, but mistaken belief, Paul Elio and the EM board are not doing anything with this offering that they have not been prepared to do all along.
The noticeable difference between this offering and previous EM private placements is that thanks to a relatively recent change in federal law EM is now allowed to advertise this offering publicly. This is why EM has also hired the broker dealer, Corporate Fuels Securities, to assist with marketing this private placement to investors.
Another difference which we know from the SEC filing related to this offering is that officially this is offering is being sold as debt and not equity. I believe this is a ploy to make the investment more appealing by selling convertible bonds which is a bond that is convertible to equity. This means that officially the investors in this round of funding would be bond holders who can opt to either receive their bond payments or accept equity in the company. Bond holders are also ahead in line if the company were to fail so theoretically they would stand a chance at recovering some portion of the investment if that were to happen. This would make the investment safer than simple equity investing thus should make it easier for EM to find investors.
thanks, he mentioned 90% American parts. I think that's a new number.I thought the past 85% was highHere you go! Very helpful video from Paul and all the info anyone needs to invest, provided you're qualified.
http://www.eliomotors.com/investor-inquiries/
I trust that you are correct, and that would mean only someone truly in the top 1% could invest, so I guess Paul is hoping somewhere around 400 reservation holders might pony up.
I like this a lot as well. Though I was very disappointed Paul wasn't holding his Starbucks!I'll add here that that video is now my favorite.... anyone else notice the muffler out by the rear tire at about the 10:30 minute mark?
http://www.eliomotors.com/investor-inquiries/