That happened at the same exact time as the Overstock investment. If they were wanting to go private, then they sure are doing it in a strange way. Elio has little if any assets. On the other hand. Pat might have convinced Paul that with the $2.5M in stock that he bought (he didn't buy it but...
Excellent point. He really could be just out there and giving more forward looking statements. I just wonder why he is not? He's protected and there's nothing that anyone can do to the company because of the iron clad contract and iron clad forward looking statements. It would be safe to say...
I disagree. We know what he's doing. For example:
1. Not updating his SEC filings
2. Not issuing press releases in over two years
3. Making it overly difficult to refund deposits
4. Not taking reservations in over two years
5. Not updating his website
6. Refusal to talk to anyone in the public...
Here's one of the few recent articles that talks about Elio Motors.
https://www.crowdfundinsider.com/2020/09/166895-fixing-reg-a-darren-marbles-new-venture-looks-to-supercharge-reg-a-crowdfunding-with-going-public/
That becomes the predicament. Elio would have never got 65K reservations over the 4 year span that it took to get that number. Maybe something like 20K. On the other hand, a more realistic price and units per year along with a healthy profit margin, could have generated more serious investment...
Here's where you can give them your money.
Start funding this project because they list things like this:
- The “Next-Big-Thing”
- Eli ZERO is not only half the size but also half the cost of conventional compact cars.
- Ready for production and sales in Q4 2020
- We have perfected our...
I’m thinking Bill or Warren called Paul and said this, “Let’s take this company private and change the world while making a boatload of money. With that, the plan is set.
That's a good idea. It would be good to go up to the door, walk in and see what the Elio employees are doing.
I also checked up on their investor relations page. So, something big is going on and hope it's good news. Look for yourself:
http://ir.eliomotors.com/
I never understood how anyone could believe that. It's probably 80% of a normal cheap car but not 50%. Even if it was 50%, that would mean his operating cost would have to be 50% too. So, utilities, taxes, maintenance and insurance need to be 50%. You then need to pay the employees 50% or...
Exactly. I was pointing out another fun vehicle that you could use instead of a FUV. Plus I pointed out a reverse trike which makes it more fun.
Also, when are you getting yours?
It would be ideal as long as you can charge it. I would use a Can-Am. It uses gasoline (which is easy to get) can be recharged with gasoline in a few minutes (it's range is about 150 miles). Holds two people and can tow a trailer. It's shorter, narrower, weighs half and starts at $8500. I seen...
So I just want to know the context of "almost arrived" is. Is it like when you have almost arrived to a friends house and you are 5 minutes away? Is it like you almost arrived but you showed up at that same friends house 5 years later?
Plus it's even better when you stop somewhere that has no hookups. You can run the generator to recharge it. What they could do is fill the roof with solar panels and then use that to recharge it in a few days.
When the Nissan Leaf came out, they used it for a Pace Car in the SCCA World...
I would look into lemon laws for your state. In some states, it's not just how many times to fix it but the length of time too. With lemon law, it's the manufacturer or importer is the one that buys it back.
I would not keep it at all. If this is the problem you are having now, then it's going...