Looks like Arcimoto will need to pay some bills. They were slapped with two lawsuits.
$553K - Roush
$1M - DWFritz Automation
Both were due to non payment of services.
Sub penny stock traders. It's quite common. They usually buy some stock and then try to pump it on various stock forums. All hoping someone takes the bait and all of a sudden that stock jumps in price. Then maybe Elio will make some announcement (the new Flux Capacitor powered by Mr Fusion Elio)...
Makes sense. I was checking the info and he has an inventory of 11 Elios all worth just over $153K. He only had 7, the last time I checked. Thus the stock price would go up. https://renewautomotivesales.mycarsonline.com/
I just wonder if people recognize reality. There is a time to give up the ghost. It's easy for people to keep the faith as they see it's still trading for $0.0003 per share and there's still a website. Thus it must still be alive. I call them, zombie companies. They are still running out the...
He has not given up at all. He started a business to pay for the monthly rate to keep up a website that was updated two years ago. He still believes in the product. Renewing old salvage cars is much better than working at a Starbucks or laying down roofing. So, the time will come. Only thing is...
According to the AZ department of corporations, he is. Not an inside joke but a fact. We covered this a while back with links that prove it’s true. Now someone in Phoenix needs to go see him. I’m guessing nobody will. I would, but I live too far away. I assumed an owner here who lives in the...
On the other hand, we all know where he is working, thus one person living in the Phoenix area could go in and act like they are interested in a used car and then get into what his plans are for Elio Motors is.
He won't tell you what those secrets are. It's just like Paul Moller. He has patents in a vault, even though as we all know, if you have a patent, it's public knowledge. It must be some super secret patent that is only known to the people that know the secret handshake.
If Elio would just contract out with a company like Factory 5 or Superformance to make them, then people here can buy a Metro as a donor car and build their own. In the US, that's how the kit car industry works. Plenty of people buy and build them. Even Factory 5 or Superformance will mostly...
I did mean reverse. With Arcimoto, they seem to have overestimated the amount of sales. I think it'll be maybe 225 new units for this year. They seem to miss out on opportunities. For example, there was the Electrify Expo in Long Island. They were not there. Why? That whole area is full of...
Checking the SEC filings today. Looks like Arcimoto has 180 days to get above $1 so they will not be delisted. As we all remember, this happened before and they did a 20:1 stock split. Currently, Arcimoto is around $0.65.
Selling refurbished cars in Phoenix. That's the latest news. News before that, they lost the plant as it's being fully leased out to a few other companies.
Where it stands today. Keep the website up and keep the LLC current. Then when the phone rings at Pauls refurbished used car dealer, it...
That's the grand plan. Here's where the new Elio motors is. I found where this operation will be. So it shows that with the off the shelf parts, it'll be easy to make even more Elios.
https://www.zillow.com/homedetails/107-W-Hatcher-Rd-Phoenix-AZ-85021/7788723_zpid/
In the US you can just call it a kit car. For example Factory 5 makes kit cars and you use a donor car. Like how most of the Cobra Kit cars are made (they use a Fox body Mustang as a donor). I helped a guy build an 818. He bought a salvage 2009 Subaru and that's what was the donor. Through...
There is a better profit margin. Paul understands this as he had the Elio priced for $1K profit and was to make 250K per year. I wonder if this is the same plan for his new dealer. Rebuild a car, sell it at market price and make $1K per car. Sell 250K per year and that would turn into a money...
I'm passing around my script in Bollywood. Right now it's, "Elio: The Man and His Dreams" and "The Paul and the Elio". I got some bites from Ernie Fosselius as he's made many of the classics, like this one.
I like that he did this too as it shows how selling grade A Top Sirloin at seven cents...
He's selling cars that are wrecked and fixed back up. They are renewed, not used. Sort of like used and abused but what difference does that make. It's a big business as many people buy them as they are cheaper than cars not wrecked. I would suggest everyone go there and pick up one of those...
What Paul Elio has done:
Paul graduated from General Motors Institute & the Engineering and Management Institute (now Kettering University) in Flint, MI, Magna Cum Laude with a degree in Mechanical Engineering.
With over 18 years of engineering and executive management experience, Mr. Elio...