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What Is Elio Stock Trading For Today?

Sailor Dog

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I like both headlines in those posts and I think we may hear more news like the latest lengthy pro 3 wheel news piece that Booboo just posted. Think about it...went to Costco with wifey and counted 2 EVs in the packed parking lot while walking the dog. ELIO has a huge opportunity and is best positioned by price and production capacity to sell 1.5 million Elios in the next decade.
 
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Maurtis

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Sorry I so stupid...What & who is not true? Also...1st I've heard that Paul owns 18% of stock, sold to fund development...can that be sourced?

The OTCQB certification published two weeks ago puts Paul at 18.5%, Stu at 23%, and Elio Engineering at 44.9%.

http://www.otcmarkets.com/financialReportViewer?symbol=ELIO&id=184174

No idea how the stock Elio Engineering owns is held, and also no idea how many employees are currently actually working for them. Their LinkedIn page looks a little sketchy right now.
 

RSchneider

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Not true. Paul now owns about 18% if the stock. He sold it to fund development.

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Not according to the SEC filing. In August, Elio Engineering (which Paul is the director and majority shareholder) and Paul Elio himself own 63.4% combined. If you look at the latest OTCQB certification, Elio Engineering and Paul Elio own a combined 63.4%. Stu did sell stock which makes sense because he had 1,946,378 shares issuable upon exercise of immediately exercisable options. Stu sold that stock and that's why it dropped to 23% as opposed to 29.3% back in August.

All of this is on page 77 for the SEC filing released August 3. You have to read the fine print because it explains it.
 

RSchneider

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In August:
Paul: 18.5%
ESG: 44.9%
Stu: 29.3%
Ken: 0.6%
James: 0.5%

In December:
Paul: 18.5%
ESG: 44.9%
Stu: 23.0%
Ken: 0.6%
James: 0.5%

if you look back in May (technically the filing for December 2016), Paul and ESG own the same number of shares that they did in August and December.
 
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