I bought in a few years ago. I haven't followed this forum much. I do read the weekly link the company emails every week.
Just a few thoughts.
Raising a $100 million should not be too tough, for a product that is showing good demand ( 65k reservations)
A lot of the big money is not in the stock market right now, as the markets are very expensive. There is a lot of money sitting on the sidelines, looking for a new home, even though the markets are hitting record highs.
If the investment bankers who are trying to raise the $100 mil were seeing little interest in Elio, they would be actively selling the Elio stock short, collapsing the price. It would be 10c a share instead of $6. Once production starts rolling, the company stands to gross over $500 million with the 65000 cars presold. That's a good jump start. How many start up companies start up with no sales lined up, and soon fold , because the sales did not come in? Selling a product that will save people money, will always be in demand.
I do feel this car will be produced, but maybe Paul will have to give up a fair amount of control, which may be a good thing.
How old is Paul? If he is getting up there, He may not be the best guy in the number one position?
Thanks for letting me throw in my 2c worth.
Just a few thoughts.
Raising a $100 million should not be too tough, for a product that is showing good demand ( 65k reservations)
A lot of the big money is not in the stock market right now, as the markets are very expensive. There is a lot of money sitting on the sidelines, looking for a new home, even though the markets are hitting record highs.
If the investment bankers who are trying to raise the $100 mil were seeing little interest in Elio, they would be actively selling the Elio stock short, collapsing the price. It would be 10c a share instead of $6. Once production starts rolling, the company stands to gross over $500 million with the 65000 cars presold. That's a good jump start. How many start up companies start up with no sales lined up, and soon fold , because the sales did not come in? Selling a product that will save people money, will always be in demand.
I do feel this car will be produced, but maybe Paul will have to give up a fair amount of control, which may be a good thing.
How old is Paul? If he is getting up there, He may not be the best guy in the number one position?
Thanks for letting me throw in my 2c worth.