The Native American Tribes will invest with non tribal members. It's done all of the time. Case in point, just Google Scott Tucker. He had a pretty good thing for the Miami Tribe in Oklahoma. All of those online payday loans that you see advertised on TV were funneled through that tribe and...
There has been plenty of info released since February 19, 2016 (The day they went IPO). Elio issued 31 press releases since the IPO. Last press release was February 3, 2017 (6 weeks ago). That doesn't cover things like Paul on some CNBC or Cheddar show (I can't remember which one) and informing...
How many people are employed by Elio full time? It's not uncommon for smaller companies and start ups to have everyone chip in at the beginning but you sure can't expect Betty from Accounting or Joe from HR to be the ones you want out doing anything but their job. I've worked with companies that...
You have to remember, many Elio owners live in areas that get plenty of snow. So, you have to make sure they have a car that can work for them. With that being said, I had an old VW Beetle that has 135 tires on it and then a VW Rabbit that had 155's on it. The Rabbit was 1800 lbs and FWD. Back...
Chinese already have a distribution and parts network in the US. It's called Volvo Automotive. No reason why Geeley couldn't just build their own Elio without buying anything from Elio. All Geeley would have to do is just use the existing Volvo network and introduce a new brand (i.e. Mini...
I don;t think you'll see major investor sell out but you will see a bunch of small sell outs happen if it gets to the $6.00 mark. I hope I'm wrong though.
Fundamental changes in the nature of the business could mean:
-Producing hats instead of cars
-Starting up a new dot com
-Opening an Italian restaurant
How much work you are doing today as compared to a year ago is subjective, so it doesn't really count. Maybe the reason for publishing things...
Since the ATVM loan program is on the chopping block, I bet there was memo sent out to the DoE to stop all ATVM loan progress until the new budget is approved. If the ATVM loan stays, then continue with the program. It's pretty much in a holding pattern.
Three months ago I thought this...
It looks like they curtailed but did not cease. Makes sense because when you already have plenty of debt, it's pretty hard to keep going when the cash in the bank reaches zero. With the reservations they keep getting, that has to be enough to pay for the website and someone to monitor the social...
Remember, if the company goes bankrupt, it doesn't mean that someone has to buy the whole business. Someone could just buy the intellectual property (data, CAD files) and physical property only pertaining to the cars (cars already built, tooling and parts). Then the plant machinery would be sold...
I think they added a lip to the rear because a nice slope like that on the back, is the best way to produce lift. Someone probably discovered that and needed to reduce the lift on the rear, thus the lip. I'd think that a design like the Solo for the rear would make more sense aero wise because...
I wondered about the front fender. Elio went with 135 front tires because they needed less rolling resistance and to do what they can do improve the mileage. So, the fender looked way too big for the size of the new tire. From looking at their latest Momentum, it looks like something a co-op...
I've been in Russia a few times and they are bad drivers. What else they have are the worst roads you can ever imagine. What takes the cake is that they have winter and that just makes things even more exciting.
As for Mexico, the driving is not bad once you get out of the cities. Main reason...
Amazingly enough, Mexico is starting to raise their standards. What companies like Chevy, Nissan and VW d,o is take an older model (i.e. MK IV Jetta) and keep selling it there. It is a global platform that is 95% the same as what was sold here in the US but safety standards have changed since it...
Up to this point, how many different ways has Elio used to raise money? Didn't they use StartEngine to raise money for the 25 engineering cars? Didn't they raise money through 65K reservations? If that's what they did, if I was Elio I'd do that gofundme, kickstarter and whatever else is out...
Toyota sells about 90K per year in Mexico. Plus, as for novelty in that country, that's for the 1% and they buy real high dollar cars. Honestly, I'd be afraid to drive an Elio in a place like Mexico City. You'd either get robbed or run over (go drive around Mexico City for a day). Those front...
Don't be surprised if there haven't been a few investors already look into Elio. When they do, they just don't make a snap decision and say, "That's a really cool car, I'll invest in that." What they really do is hire a bunch of consultants and they go in and look at the company from head to...
Elio did go to bike week in 2014. I guess if you did it today, someone who was interested in it back then and when Elio was throwing around 2015 production dates, they might be turned off when you tell them, It'll be built sometime in 2018 but that depends on the next round of funding. At that...