Not Encouraging News For Elio Coin

RSchneider said:

I’m confused about the 10 Eliocoins. What’s an Eliocoin worth? They need $376M so does that mean that the coin is worth $37.6M? Even the $25M they are looking for, that would be $2.5M/coin. No matter what, it better be a fleet of awesome Sig edition Elio for that price. If it’s, buy an Eliocoin, move to the front of the line? If they can pull that off then I’m 1000% for it.

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I believe that they are planning on ten different coins this year. Elio coin is not one of the first ten.

Ty said:

Honestly, I can't find the $1,000 profit anywhere either. I KNOW Elio had it in a Blog or Report where they talked about added cost to the vehicles to cover warranty, rework, salaries, rent, $1,000 profit per vehicle, 20% above cost on accessories, etc. But, I can't find it now.

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Yeah, I know I've seen it somewhere too. I could have sworn it was in one of the SEC filings, but I also think Paul may have mentioned in it one of his conferences (like the one he gave at Georgetown University, which unfortunately is no longer on Youtube). But I KNOW I've heard it from Elio at some time or another.

RSchneider said:

I’m confused about the 10 Eliocoins. What’s an Eliocoin worth? They need $376M so does that mean that the coin is worth $37.6M? Even the $25M they are looking for, that would be $2.5M/coin. No matter what, it better be a fleet of awesome Sig edition Elio for that price. If it’s, buy an Eliocoin, move to the front of the line? If they can pull that off then I’m 1000% for it.

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As Samalross mentioned, it's a misconception. It's not that Eliocoin is selling 10 tokens at the end of the year, it's that there should be 10 tokens will be traded on the tZero platform at the end of the year (in addition to the tZero token being traded on it right now). Eliocoin was set to be one of the first, but now it looks like it'll either make up the tail end of the 10 or even be around the 20th token traded on it.

Samalross said:

I believe that they are planning on ten different coins this year. Elio coin is not one of the first ten.

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That makes much more sense. It'll be interesting to see how that works out. I wonder what the end of the year is? Will that be December 31 or maybe a few weeks earlier? I'd think that they would like to get it done either a few weeks before Christmas or after the New Year. Typically that's then people are either on a high during the holidays or starting anew after the New Year. Then the real question is, how much money will it realistically raise? Pat has had a hard time raising the $400M he needed and he never even got there.

Rabrandt99 said:

Yeah, I know I've seen it somewhere too. I could have sworn it was in one of the SEC filings, but I also think Paul may have mentioned in it one of his conferences (like the one he gave at Georgetown University, which unfortunately is no longer on Youtube). But I KNOW I've heard it from Elio at some time or another.

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I've looked over and over and can't find that $1K per car profit. If he said it then it must be true. Just like how Paul said that all of you will be paying on average right around $10,700 for your Elio even though the $7K locked in will be paying on average of $6300 and then the $7300 will be something like $6800. So, with Elio making 20% profit on options that works out for an average of $880 on the $7K folks and $780 on the $7300 that will work out well. I never knew that people would be spending on average of $4200 on options for an Elio. With the current Elio needing to be $7526 that will mean an Elio will be an average of $11,726.

I priced out an Elio and got to $11,714. Only thing I didn't include was the heads up display, Infinite Skyz and a wrap. So it looks like Elio is expecting to sell lots of fully loaded units. Now I see why they can make a pretty good profit with everyone just about clicking every box because they want their Elio to be tricked out.