What people don't like about him is that he calls it like it is. He is critical and supportive. So, the cheerleaders and fearleaders hate him because he won't talk 100% positive or 100% negative about a project or idea. In this day of polarization, you are hated for being in the middle of a...
$2.5M was cash for stock. So, Overstock owns 4% of Elio Motors now.
It's 76 weeks plus a few. Then Elio will be building cars. I never heard Elio talk about waiting for the Eliocoin STO to get the 76 weeks plus a few to commence. So, I don't know what "a few" means as it could be 3 weeks or 5...
Both numbers are wrong.
Please read this from the Elio Motors website. It's the best way to know what they need and not just guess. Just a hint, read page 5 and 6.
https://ir.eliomotors.com/all-sec-filings/content/0001214659-17-005165/0001214659-17-005165.pdf
Pat Byrne says $200M but we know...
I'm not defending the DoE but the last ATVM loan was given out in 2011. Many others got rejected just like Elio did. So nothing was unique about Elio's situation. It just seems that way because if you only follow Elio, you think that's the only company the ATVM loan people were dealing with, yet...
The only hang up is that all suppliers are swamped with work. They need a few weeks to dust off the project. He never said anything that had to do with funding delaying the project. Sounds like Jones financial fixed the financing issue and now it’s full steam ahead. This was not like typical...
Elio applied for 2 ATVM loans and never met the requirements from day one. I'd not blame the DoE for this. It's all water under the bridge as Elio has the funding without the ATVM loan.
As having lots of experience in manufacturing engineering and planning, this is what I'd do. Bump up the production by 1/8th. So instead of making 65k the first year, they make more. So everyone still gets their car but when it comes to manufacturing, you as a person will never know if your car...
That's good to see Elio will be in production next year. I watched the conference and it's 76 weeks plus a few and the Elio will be rolling off the line. What I like is that STO's are real and billions were raised in 2017, so 2018 will be at least 10X that because of the growth in that market.
- Engineers back and working on the project
- Production starts 76 weeks plus a few weeks. So, that'll be in November 2019.
- Elio will create 20K jobs (1500 at the plant and the rest from suppliers and other businesses that will support Elio)
- $376M to get to production but the number has been...
You need to remember, these are forward looking statement and not to be confused as fact. Just like:
Elio gets up to 84 mpg - Elio does not get 84 mpg
Elio targeted cost of $7450 - Elio does not cost $7450
Elio is expected to be insured as a motorcycle - Elio is not insured as a motorcycle...
Sort of like when my highschool classmate took his dads Boss 429 and stuffed it around a tree killing him and 3 passengers. The news report came out and it was all about how musclecars have too much power. Nothing was said about he was screwing around in dads car that he never should have been...
Paul and Pat better get on the same page because this could really get people upset on both sides. If people find out that their Eliocoins will get them a car after the 65K are complete (which I think is the total production for the first year) that would mean that an Eliocoin holder would be...
He does ramble on and on. At this point with Elio, even if it takes a while, we are all used to waiting and another few months is not a deal breaker. It gives Elio time to start advertising the car and build up momentum going into the STO. I think when people know they can spend more to get that...
What's better than to have Paul being interviewed for a Good 4 Utah segment:
http://www.good4utah.com/news/local-news/new-car-gets-84-mpg-and-only-costs-7500/1170266502