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Hey You Cheerleaders, When Do You Think There Will Be A Major Financing Announcement?

Samalross

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Again...Here is Ekh's recent statement ...

"On Saturday I found out that a funding source long thought dead was only dormant, and has now awakened. I have also learned that Elio is NOT DEAD, but is vigorously fighting for funding ... and getting somewhere."

He's making a bold statement regards funding sources...most of those conversations are confidential...

So I'll restate my question in simpler terms...

Is his statement based upon hearsay...

Is his statement based upon public knowledge that was discovered on the Internet...

Is his statement pure fabrication...

It can only be one of the three choices...
He does not work for Elio, if he did he would be facing legal action for securities infractions. I think he is just trying to boost the company by hinting about funding. I would not even consider his comments as investment advice, only the support of some of the Elio fans.
 
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johnsnownw

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The fourth alternative is factual knowledge from a non elio source not covered by an NDA.

Which alternative applies is for me to know and you to whine about.

Ekh, you need to be careful here.

In recent years, the SEC and the Courts have expanded this further, and insider trading can now include trading by the random man in the street if the SEC believes that he obtained the information from someone who should not have the information.

http://www.seclaw.com/insidertrading/

That sounds quite a bit like what is being discussed above.
 
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Ekh

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Ah yes, Mr. EKH comes on by once again to bolster the positive side of things, I like that!

Hope and trust you didn't get caught up in the Barcelona nonsense, and welcome back!
Nope, I was in Madrid and then in Avila singing Renaissance music under the tutelage of the Tallis Scholars. A big deal!
 
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Ekh

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To be clear, I do not work for Elio Motors, am not covered by an NDA, and do not advocate purchase or sale of Elio stock. I consider EM a highly speculative issue. My own holdings are the minimum 50 shares.

Since the tone here has become so nasty, I will not be commenting further on matters which might be touching on EM's finances and prospects.

I will only repeat what I have said before. Elio is actively fund raising and their tone is positive. I hope they will succeed. They are definitely not ACTING dead!
 
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Ekh

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Ekh, you need to be careful here.



http://www.seclaw.com/insidertrading/

That sounds quite a bit like what is being discussed above.
Your concern is appreciated, but I believe there's no cause for worry. I have read the referenced article in detail. The key issue is whether any trading has occurred on the basis of insider information. I have made zero trades of EM stock since my first (and only) purchase, nor do I personally know of trades by people who have read my posts here.

No trades = no breach of law, so far as I can tell. I haven't "tipped" anybody that Elio's stock is about to rise; I have no idea if it will or won't. Indeed, I have consistently urged caution in purchasing highly speculative stocks like EM.

What I HAVE said is that I'm aware of some of EM's efforts at fund raising, and they are vigorously pursuing them. I'm also aware that their tone is optimistic and determined, and that nobody is bailing out -- if there were a place to bail to, which isn't at all clear. My concern is less financial than one of morale among people who have been engaged with EM for years ... and who are near despair over the company's continued difficulties in getting production funding.

I wish EM well, and am not personally giving up on them. What readers of this forum do is up to them.
 

johnsnownw

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I have made zero trades of EM stock since my first (and only) purchase, nor do I personally know of trades by people who have read my posts here.

Good to hear, then you're probably covered...as near as I can tell. It's just that there is a lot of gray area involving insider information, and what can be considered insider trading.

No trades = no breach of law, so far as I can tell. I haven't "tipped" anybody that Elio's stock is about to rise; I have no idea if it will or won't. Indeed, I have consistently urged caution in purchasing highly speculative stocks like EM.

Right, but if someone were to make trades based on information you provided, they could potentially be complicit, if that information wasn't public. At least that's how it reads to me. I am in no way trying to point fingers, just urge caution all around.
 
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Made in USA

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The SEC is not going to go after anybody unless a lot of money has been involved. EKH has not revealed any "real" hard information either, like names, amounts, or dates. At the moment, good loan information by an insider would result in a bunch of stock being bought. That has not happened. On the other hand, bad loan information could cause Elio into failure, and either situation the SEC would probably look into. Time will tell if Elio can negotiate a deal (or two) or not.
 

4matic

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The fourth alternative is factual knowledge from a non elio source not covered by an NDA.

Which alternative applies is for me to know and you to whine about.

So basically just third-party non verifiable Elio Motors hearsay...

Thanks for your clarification...
 

Sailor Dog

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So basically just third-party non verifiable Elio Motors hearsay...

Thanks for your clarification...
Wish I had direct access to this kind of hearsay... everyone I know hit's Eck's posts as soon as they cross the wire. They contain a wealth of information that communication with a person connected indirectly or directly (friend of a friend or who knows?!) with Elio...but information that is thoroughly legally vetted and accessible through email with EM if you choose, 4matic, to take a breath, stop being the dire wolf to the Elio reservation holders and crowd funders, and send SOME of your messages EM's way...then you could be scooping us too! But you can't beat talking ;)...so we can at least be jealous about that! By the way... just got my t shirt for the second reservation!
 
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