I can understand your frustration. The face of the company (Paul) has been silent for a long time. Not even Paul but anybody from Elio Motors. The last time I ever heard him speak on camera was May 11, 2018 in Shreveport. I seen him in a video in Ohio recently but no speaking or getting...
In addition to that, they had 60 days to prove the refundables are in escrow. That seems odd to me because I would have thought Elio would have proved that the first time they went to court. Last time I checked, that was around $1.2M.
Another example.
This is from the press conference at the Shreveport Plant in January 3, 2013 (on the Elio Motors YouTube Channel):
Paul: In the next 18 months we will actually be doing it (in reference to building the Elio in the Shreveport plant, which would be June 2014)
Paul: Before the...
Elio actually has. Here's one example:
Reporter: If I have my name on a reservation Paul, will I get that car in 2018?
Paul: Yes
https://www.cnbc.com/video/2016/12/27/elio-motors-reinvents-the-car.html
It's at the 4:00 mark.
Do your in-laws take money for something they have never produced over the last 6 years? If i took $1K from you and promised to build you a house, would you be OK with it, if after 6 years that I haven't done a thing and you will never be living in said house no matter what, for the next 76...
Best part is, Elio will be releasing the SEC filing tomorrow. So we can see what's been going on and that will be only up to the end of 2018. So we get to see a glimpse into what has been going on. I like to see what Elio Motors posts because he gets past my personal opinions that litter my...
I forgot, Elio paid off that $23M loan on December 31, 2018.
Good to see Elio paid off that $3.9M (I wonder where the money came from?). So since that's taken care of, then I stand corrected. Only the lease and the $7.5M + $545K fines.
I have never seen anything of recent on the $1K per car...
Good to see you bought an American Made car. That plant employs about 3500 in Alabama. When I was traveling through Montgomery, I stopped by and got a factory tour. If anyone is in that area, they do a great job and you'll see where your Sonata was born.
HMMA
https://www.hmmausa.com/
Not to be...
It's like 25 years ago when we were installing autonomous fork trucks in factories. They were never going to work because of the unique environment of a factory floor. I heard about 1000 comments as to what we were doing was a waste of time. In the first year, there were some issues but I'm...
Its an R&D company. Not a manufacturer. I've met them before at SAE conferences. There are about 4 other companies that are trying to do the same thing. The downfall is that EV's are killing the alternate engine market. In addition to that, these engines are more or less, great for steady state...
I already checked and know how it works. If I'm wrong, then I'll be out $100 and the original owner will be only out $900. This is only about me and the the SIL owner that's 100% done with Elio. If I do it wrong, then it's my fault. I can live with a $100 mistake.
Because you buy a reservation with a locked in price of $7K, then there's an additional $500 off along with the $1000 you paid. In the end, it comes down to a $5500 Elio out of pocket. All I get is a back of the line SIL but that $5500 Elio costs me $5600 because I pay you $100. I can live with...
In my mind, $7.5M is a much bigger deal over the $545K dealer fine. The dealer fine can be paid off over many years. The $7.5M fine will be deferred up until Elio gets that big check. Then the lease payment has been reduced because they are leasing 150K less square footage than before but that...
I never realized they were taking the $7.5M fine to court because there has never been any mention of that. That's new news. The last info I heard was this:
https://ir.eliomotors.com/all-sec-filings#document-380-0001140361-18-042917
My guess is the $7.5M fine will be deferred. Same for the payments for the equipment and lease. Some items got paid off from the $2.5M, so it'll make the numbers look better.
This is just a gripe comment. The person just want's to vent but the reality is this. If 2 weeks from now, Elio announces funding and deliveries start in 2019, this person will be back and excited. If they are speaking the truth then when the first Elio is delivered, I will buy a $1K, $7K locked...
They could be at the Elio HQ in Phoenix. There are a number of test tracks in AZ. Here's an article about them:
https://www.azcentral.com/story/money/business/tech/2017/12/25/car-companies-come-arizona-test-their-vehicles-heres-why/965235001/
and this...