I agree. Why people put money down on the MLM is beyond me. Yet a bunch did. I'd be asking back for my money if I did. Especially when they shelved the product (which was not looking like it was remotely to final production). Hopefully Arcimoto is not delaying those deposits like we read about...
I found this out from my lawyer who does business law. In his experience this is what's happening.
1. Bankruptcy (like I mentioned before)
2. Elio doesn't want to or can't continue paying the escrow monthly fee (escrow accounts are not free)
Both situations lead to this. Since it's been years...
Wouldn't suprise me. The vehicles and all of the parts are probably sitting in a container somewhere. The show truck and trailer along with all of that stuff I bet was sold a long time ago. Then there's all of the plant equipment. Since they still owed money on that loan (last report was $3.8M)...
I agree. It has to come to an end at sometime. I look at it as this is the first step to bankruptcy. I just wonder what will happen to the assets. For cars, I expect them to be at an equipment auction.
Just like Elio, protected by those safe harbor statements. Thus, they never were required to sell what they advertised or even sell it at all. Same for Arcimoto. So, I guess that's fine with people. Stand behind the boilerplate and see what happens. Do whatever you want and tell the people that...
The SEC filing showed a pic of it, so it can be done. If not, they lied and that's just like Elio then. Show us a finished product, put it in the specs and then never do it, but hide behind the fact that they can actually do it. Dissapointed with the company. As you know I showed a pic and specs...
At this point, unless they start selling in all 50 states, their market is severely limited. Thus, aftermarket will not pick up on it because they just don't sell enough. Eugene seems to be the epicenter of all things FUV. You can only do that for so long. Maybe Arcimoto needs to rethink the...
You have to unzip them just to open the door. No thanks. That's dangerous. Why Arcimoto can't just copy the Jeep with half doors design is beyond me. You can open and close the door without unzipping the window. Plus the upper part just sits in the lower part to make them easy to remove for a...
I put $50 down into a smartwatch company for a refundable reservation. That was 15 years ago. In 2020 I received a check from them. 6 months later they declared bankruptcy.
Upon research, the bankruptcy judge required them to pay back the refundables first. Than the creditors. After that, the...
All they need is an investor and it will happen. Call Bill, the Saudis or Warren to get this thing going. Today, a mere billion will get it to production. With the electric version coming out first, the current reservation holders will have to wait a bit. That’s ok. Let the greenies fund the...
Here's a few things to think about:
Last Time we heard Paul Elio speak was in Shreveport Mid May in 2018
Last time we seen a glimpse of him was at that thing in Columbus, it was in April 2019
Last press release was around October 2021 (the Elio-E)
There was a 5 part series with someone emailing...
I'm only going by what the poster was referring to in probably 10 other posts. For example, the Nimbus has never said what their national service will be. So that is equally off the table. The way I see it is the three wheeler crowd is very specific on what they want and in the early days were...
All other three wheelers are off the table. FUV won't have doors until 2.0. Vanderhall is way too high of a step to get into and no storage. Plus it's way too expensive. Elio will never happen. Sondors will never happen. BEX will not work for you either as you need a nationwide service network...
I never have in person. I can find lots of pics of them online so I'll just post one of them.
At least let us know after you talk to Mark when the 2.0 comes out. It would be a great help for the rest of us that must have full doors as a requirement. They sell them in my state but even now, my...
Great to see such a big group gathering in the base for the company. Hopefully they will expand their sales area. Plus since the FUV 1.0 design is frozen, you will have to wait until the 2.0, as it will have the full doors. Any word when 2.0 will come out? You are pretty much connected with the...