RSchneider
Elio Addict
Who do you think has bankrolled most of Elio motors? General Public Investors (i.e. reservations and the Reg A+ stock). Elio found they do not invest enough and thus you see where they are at right now. Who has been to Elio Motors? Where is Elio Motors? Elio motors exists either at Pauls house, a mail stop or a plant that has been shuttered since 2012. Did you make your reservation after seeing the plant? The R&D center? Corporate headquarters? My guess is nobody has been to any of it. How about those reservation holders from 2013-2015. They never seen any financials. As from what I can tell, most never read the required ones that Elio produces.
I can tell you from experience, big time investors want to see the financials. Then they want you to show even more. Then more after that. When that's done they need to see the operation and then the future plans (which must equate with the financials). Where this all goes wrong is when it's "the next big thing" and people just throw money at it without thinking or doing research. Elio is way past "the next big thing" as they don't market it like they used to. They even figured it out. Now it's the "Ultimate Commuter Vehicle" as per their website.
I can tell you from experience, big time investors want to see the financials. Then they want you to show even more. Then more after that. When that's done they need to see the operation and then the future plans (which must equate with the financials). Where this all goes wrong is when it's "the next big thing" and people just throw money at it without thinking or doing research. Elio is way past "the next big thing" as they don't market it like they used to. They even figured it out. Now it's the "Ultimate Commuter Vehicle" as per their website.