10/23/14 - Elio Passes First Review Phase For Atvm Loan

[Grumpy Cat]

Isn't this the same thing? http://www.elioowners.com/threads/1...t-review-phase-for-atvm-loan.4354/#post-59703

 

[BilgeRat]

protias, if it is, my apologies. The moderators can co as they please if it is.

 

[zelio]

Isn't this the same thing? http://www.elioowners.com/threads/1...t-review-phase-for-atvm-loan.4354/#post-59703

Same information but a different source. We will get a lot of this but it is OK because it shows attention is being paid to Elio. And that is my totally biased and not the least bit humble opinion. :-) Z

 

[Ekh]

I worked at DOE for a few years and participated in several competitive bid reviews. Each one is a little different and I don't know much about the ATVM process. But reviewing bids is an art, not a science. Usually copies of the bids are provided to about a half dozen reviewers along with a copy of the evaluation criteria. Each reviewer numerically scores the bids with respect to each criteria. The challenge is that the criteria are written as though these are qualities subject to numerical scoring but in fact they are highly subjective. After this step, the committee gets together in a room to discuss the scores and total them up. It's this last step when things can become a little squirrelly and opaque. All these committees try to ensure that the review process has the appearance of being objective in order to fend off legal challenges. Because in the end it is a subjective process, reviewers (who are usually pretty smart, career-driven people) read the tea leaves to guess which way senior management is leaning and consciously or unconsciously score bids accordingly.

Certainly sounds like the government I know and hate. (Consulted to IRS and other agencies, so do have experience).

 

[CompTrex]

Elio Motors Continuing with Application for $185 Million Federal Loan

"reports have it that Elio Motors’ application has already gone through the first three stages of its review, and it’s reaching its final stages of completeness."

http://masterherald.com/elio-motors-continuing-with-application-for-185-million-federal-loan/3183/

I was wondering if they inadvertently left out the word of between first and three.

 

[LockMD]

I was wondering if they inadvertently left out the word of between first and three.

Same here......as I was reading........oh the word "of" is missing LOL

'Cause there is only 3 stages, right?

 

[CompTrex]

Same here......as I was reading........oh the word "of" is missing LOL

'Cause there is only 3 stages, right?

Depends upon who you ask and how they count, it's either three or four stages, from what I recall.

 

[UCF'73]

http://www.bloomberg.com/news/2014-...illion-from-program-that-funded-solyndra.html

Sorry if this has been posted already. If so, then you can remove it and say bad things about me.

 

[BADBOY]

Depends upon who you ask and how they count, it's either three or four stages, from what I recall.

my understanding was 5 stages but the "first" that Elio just passed and Paul E. talks about had 3 'subsets'. Next phase is due diligence but cannot find exactly what that is or anything else about final two stages. I think it is good that Tesla is sort of running interference.