Just speculation, but expecting the "lock in" price to apply to the electric vehicle is pie-in-the-sky. Gas vs. electric is a huge cost factor. If (a big if) Elio actually produces and sells the EV, I would expect some sort of credit above the $1K non-refundable deposit. This whole deal...
Absolutely right on the listing issue. When the S-1 Registration Statement and Elio sells the $100MM in new common stock, it may meet NASDAQ standards for listing on the lower market. As a Delaware corporation, Elio is already required to have an annual stockholder meeting under the Delaware...
NYSE MKT is actually the old American Stock Exchange, now owned by the NYSE. Technically, the Reg A+ was an IPO (Initial Public Offering), since the shares were sold to the public without restrictions. The Form 10 registers the company and starts additional filing requirements under a...
Its all politics. Note that the hearing was 2 weeks before the election. Not sure who is up for re-election, but some politicians are using the delays to embarrass the ones who supported the decision. As Coss noted, its a big empty building that doesn't have a line of people waiting to rent...
I see Elio locking in the price for all-in reservations as a big additional "Thank You" to those that risked money early and gave Elio the cash flow to see their way through the early development, start-up funding and the Reg A+. We gave them a no interest loan to keep the project moving; we'll...
I'm a fan of Clive Cussler's books. In a book published in 1981, he predicted that EV's would dominate the market a few years in the future (late 80's). I think that was based on peak oil projections, presumed only upward pressure on gas prices and possible government mandates. He was...
Transfer is harder than buying in the market. Due diligence responsibilities are very different. The firms have not been educated on Reg A+. Unsolicited orders have much less responsibilities.