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Elio’s $4,484,755.50 Catch-up Payment

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RSchneider

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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.
 

TexasTesla

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Paul has a great idea. But,he’s never surrounded himself with people that truly know how to execute.

Every start-up needs to execute in a timely matter!

Timing is always of the essence!
 

RSchneider

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You have to remember, Paul agreed to this deal back in late 2012. Back then it was what he needed to get the company to the point where they could make the high volume to produce the profits at the price he quoted. Downfall is, 6 years later that deal is now drowning the company in debt. You can't blame Stu for that. he provided the platform for Elio to work from. As for the rest of the team, no matter how hard they worked, there was never enough money coming in to sustain it to keep going. Even when the Reg A+ happened, it was good for about 10 months of funding. Elio has been squeezing that turnip and it still, will not produce blood.

I still believe that Elio needed those first 65K reservations to happen in the first 6 months of 2013 and then the investment firms would have come in, got him the financial backing to get the program up and running with the timeline of mid 2014 onward. Taking 52 months just allowed the money to dribble in enough to keep everything going, but that wasn't even enough. The last push was the Reg A+ just still wasn't enough to get them to the point of a developed product to make it attractive enough for the big time investors.

From my experience, they need a new business plan. Using a new plan to get funding is not the answer. You need to have the new product to get the new funding. Not the same product trying to get new funding. I know Paul is smart enough to know this and maybe he needs to bite the bullet and try a variation to what he has.
 

RSchneider

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Paul has a great idea. But,he’s never surrounded himself with people that truly know how to execute.

Every start-up needs to execute in a timely matter!

Timing is always of the essence!
This is exactly what happened with the smartwatch startups. All it took was for Samsung and Apple to come in and all of the startups were done. Garmin had a built in customer base with the right engineering and they kept going. The technology was being developed so fast that a startup that had a great idea was being killed by the time they got to production. Even the self charging smartwatch is struggling because people pretty much don't wear a watch 24/7. So going to bed, sticking a magnet on the back of it and it being charged the next morning is no big deal. Like with my Garmin, it goes three weeks and will last a week if I use it for cycling and running. I bet, the big 3 in smartwatches will have it soon anyway.

For Elio, it was a mass market hit back in 2013 but in 2019, it's just a niche market. Elon went after the niche market and it now going after the masses. I still think he got it right.
 

booboo

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Rickb

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Blame Paul for this mess.
............or praise and high-five Paul for a successful Elio Marketing Campaign and getting Elio Motors to market......the OTC Market. Credit for the first successful Start Engine Reg A+ $15,000,000 funding round ear marked to build the 25 E’s for testing. That was $3,000,000 more than Pauls’s stated need to get it done. As I recall, the bulk of that funding round went to Paul’s engineering firm for some last minute engineering changes and the remainder was used to build 2.5 E’s with no engine or drive train. A build team member stated the parts they had didn’t fit. I requested and received my Elio Reservation refund soon after. No progress whatsoever since then. Sorry, brought back disappointing memories from my decade of following Paul’s progress.
 
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3wheelin

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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.
 

3wheelin

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You have to remember, Paul agreed to this deal back in late 2012. Back then it was what he needed to get the company to the point where they could make the high volume to produce the profits at the price he quoted. Downfall is, 6 years later that deal is now drowning the company in debt. You can't blame Stu for that. he provided the platform for Elio to work from. As for the rest of the team, no matter how hard they worked, there was never enough money coming in to sustain it to keep going. Even when the Reg A+ happened, it was good for about 10 months of funding. Elio has been squeezing that turnip and it still, will not produce blood.

I still believe that Elio needed those first 65K reservations to happen in the first 6 months of 2013 and then the investment firms would have come in, got him the financial backing to get the program up and running with the timeline of mid 2014 onward. Taking 52 months just allowed the money to dribble in enough to keep everything going, but that wasn't even enough. The last push was the Reg A+ just still wasn't enough to get them to the point of a developed product to make it attractive enough for the big time investors.

From my experience, they need a new business plan. Using a new plan to get funding is not the answer. You need to have the new product to get the new funding. Not the same product trying to get new funding. I know Paul is smart enough to know this and maybe he needs to bite the bullet and try a variation to what he has.
Hahaha Read post #19 (mine) and post #28 (RickB).
 
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