Elio’s $4,484,755.50 Catch-up Payment

Wait....so Paul Elio owns the company that Elio Motors paid for the R&D?

Rickb said:

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How pathetic of Paul, If true. I was Also upset when I learned his hefty salary he was paid to run Elio Motors before they even sold 1 car, I believe just about anyone on this forum would have been a better person to start a business as most of us would struggle and work hard to actually build a product and make a profitable business. I don’t believe Paul worked hard a day in his life on actually physically building an elio. Anyone who hasn’t heared of the 3-wheeled Vanderhall made in Utah should read about how the company is starting slow and has built its first 100 cars, pretty amazing company! Although more expensive it’s something I could recommend.

Interestingly enough, ESG Engineering's website esgeng.com is no longer registered but it was still up as recently as last December, according to the Internet Archive:

https://web.archive.org/web/20181205071936/http://esgeng.com/

And you can see PE still listed as the CEO, but who knows if anyone has been maintaining that page. The design is pretty much 20 years old: https://web.archive.org/web/20180825185422/http://esgeng.com/About/about.html

EM SEC Filing:

I’ve always questioned the financial affair’s of Elio Motors.

Just so much money being redirected outside of R&D.

Paul and the Board of Directors are paid large salaries, bleeding Elio Motors of much needed cash.

The Elio vehicle kept being re-design constantly, yet there was never a finalized product.

So many people blindly supported Paul. The allure of a $7,500 vehicle that had a 84 MPG was just so darn enticing.

Paul promised production in 2014, 2015, 2016, 2017, 2018, 2019, etc.

A failed NASDAQ funding, now ElioCoin is Paul’s salvation.

A Reg A+ stock offering that has resulted in thousands of investors losing millions of dollars.

Paul disappearing for extended periods, all under the guise of some non-existent SEC mandate.

A complete lack of credibility and transparency, yet people still believe in the Elio story, even with the reality of $100 million of unpaid debt.

The bottom line is, $7,500 and 84 MPG are such strong aphrodisiacs!

Hope always springs eternal.

Gee, maybe if you can been around back in 09, we wouldn't be as interested in the Elio as some of us are.

Keith Stone said:

Anyone who hasn’t heared of the 3-wheeled Vanderhall made in Utah should read about how the company is starting slow and has built its first 100 cars, pretty amazing company! Although more expensive it’s something I could recommend.

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I suggest you read this article from 2016. It'll explain why the Vanderhall was built and what the overall plan is.
https://www.heraldextra.com/news/lo...cle_dd784c4f-9299-5762-b6f7-6dd4628c01c5.html
Plans might change because he wanted to build a utopia around Joseph Smiths birthplace in VT:
https://www.vpr.org/post/im-tired-drama-utah-man-abandons-newvistas-development-plan
Here's the plan:
http://www.newvistasfoundation.org/

RSchneider said:

I suggest you read this article from 2016. It'll explain why the Vanderhall was built and what the overall plan is.
https://www.heraldextra.com/news/lo...cle_dd784c4f-9299-5762-b6f7-6dd4628c01c5.html
Plans might change because he wanted to build a utopia around Joseph Smiths birthplace in VT:
https://www.vpr.org/post/im-tired-drama-utah-man-abandons-newvistas-development-plan
Here's the plan:
http://www.newvistasfoundation.org/

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The better comparisons would be Arcimoto’s and ElectraMecannica’s Business Models.

Rickb said:

The better comparisons would be Arcimoto’s and ElectraMecannica’s Business Models.

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If their three wheeler business is in the toilet, then can build these (they have a patent on it):
http://www.freepatentsonline.com/y2017/0322197.html