• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

Defect In The Elio?!

NSTG8R

NSTG8R

Elio Addict
Joined
Jul 24, 2014
Messages
3,838
Reaction score
10,994
Location
Pacific, MO
Rob Croson said:
Does any news reporter even have an f'ing brain anymore? :frusty:

Srsly, this is libel material.

This is standard language for the filing. It is one of the possible risks of investing in the startup venture.
Click to expand...

Exactly! Found the paragraph in the SEC filing that they cherry picked to come up with the BS headline.

If our vehicles fail to perform as expected, our ability to develop, market and sell our vehicles could be harmed.

Our production vehicles may contain defects in design and manufacture that may cause them not to perform as expected or that may require repair. While we have performed extensive internal testing, we currently do not have a frame of reference by which to evaluate the performance of the Elio in the hands of our customers. There can be no assurance that we will be able to detect and fix all defects in the vehicles prior to their sale to consumers. We may experience recalls in the future, which could adversely affect our brand in our target markets and could adversely affect our business, prospects and results of operations. Our vehicles may not perform consistent with customers’ expectations or consistent with other vehicles currently available. For example, the alternative design of our vehicles may not have the durability or longevity of more traditional current vehicles, and may not be as easy to repair as other vehicles currently on the market. Any product defects or any other failure of our vehicles to perform as expected could harm our reputation and result in adverse publicity, lost revenue, delivery delays, product recalls, product liability claims, harm to our brand and reputation, and significant warranty and other expenses, and could have a material adverse impact on our business, financial condition, operating results and prospects.
 
booboo

booboo

Elio Addict
Joined
Jun 9, 2016
Messages
1,656
Reaction score
2,239
Location
Jelly Stone Park, CA
Doug McDow

Doug McDow

Elio Addict
Joined
Nov 9, 2016
Messages
620
Reaction score
1,100
Location
Southwest
NSTG8R said:
Exactly! Found the paragraph in the SEC filing that they cherry picked to come up with the BS headline.

If our vehicles fail to perform as expected, our ability to develop, market and sell our vehicles could be harmed.

Our production vehicles may contain defects in design and manufacture that may cause them not to perform as expected or that may require repair. While we have performed extensive internal testing, we currently do not have a frame of reference by which to evaluate the performance of the Elio in the hands of our customers. There can be no assurance that we will be able to detect and fix all defects in the vehicles prior to their sale to consumers. We may experience recalls in the future, which could adversely affect our brand in our target markets and could adversely affect our business, prospects and results of operations. Our vehicles may not perform consistent with customers’ expectations or consistent with other vehicles currently available. For example, the alternative design of our vehicles may not have the durability or longevity of more traditional current vehicles, and may not be as easy to repair as other vehicles currently on the market. Any product defects or any other failure of our vehicles to perform as expected could harm our reputation and result in adverse publicity, lost revenue, delivery delays, product recalls, product liability claims, harm to our brand and reputation, and significant warranty and other expenses, and could have a material adverse impact on our business, financial condition, operating results and prospects.
Click to expand...
Sounds pretty standard to me, but what the hell do I know?:p:p I don't work for a La. news agency!
 
You must log in or register to reply here.
Top Bottom