Well it was looking really good last Monday however by this week the whole deal is unraveling and I have no idea when, or even if, I will be in Phoenix as the whole deal may be scrapped.
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2015 Barrett-jackson Auction
- Thread starter cortsdad2
- Start date
Well it was looking really good last Monday however by this week the whole deal is unraveling and I have no idea when, or even if, I will be in Phoenix as the whole deal may be scrapped.
ecdriver711
Elio Addict
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- Mar 1, 2014
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That's a bummer.
bummer indeed
Still pretty sick, but I wanted to say something about numbers.
Jerome told me that when they had 20k reservations, they set their 'year requirement' at 40k units, and when it reached 30k, they set to 50k units, and at 40k they will likely go for 60k. So simply stated he agreed that at some point they will have to commit to a set figure for initial production and that will probably be (maybe) around 20k more than what ever the current reservations are.
Apparently, by my analysis, they reached their volume/price requirement at the original 40k, so long as they projected this 'order level' long enough into the future, spread out over approximately one year.
Fleet sales can come out of that, but they have the option to adjust levels for it as things progress, given the 20k overage as a buffer.
So the whole system is actually adjustable given enough lead-time in my estimation. Unless they make a paid reservation, fleet sales will have to subject to that lead-time to adjust output.
I would guess they will keep some kind of reservation program open as long as it's productive, but will just state when the yearly cutoff is reached and then bind all those initial reservations inside that first year of commitment. All newer ones would then fall to year two. (which my not be exactly one full year later)
He said a few more interesting things about the loan guarantee, but I want to write all that up in one note so as not to get out the wrong connotations.
Heads up, On Saturday he said there would be a VERY interesting news flash we would all like. Could be engine related or ??? So maybe in just a couple days now.
Jerome told me that when they had 20k reservations, they set their 'year requirement' at 40k units, and when it reached 30k, they set to 50k units, and at 40k they will likely go for 60k. So simply stated he agreed that at some point they will have to commit to a set figure for initial production and that will probably be (maybe) around 20k more than what ever the current reservations are.
Apparently, by my analysis, they reached their volume/price requirement at the original 40k, so long as they projected this 'order level' long enough into the future, spread out over approximately one year.
Fleet sales can come out of that, but they have the option to adjust levels for it as things progress, given the 20k overage as a buffer.
So the whole system is actually adjustable given enough lead-time in my estimation. Unless they make a paid reservation, fleet sales will have to subject to that lead-time to adjust output.
I would guess they will keep some kind of reservation program open as long as it's productive, but will just state when the yearly cutoff is reached and then bind all those initial reservations inside that first year of commitment. All newer ones would then fall to year two. (which my not be exactly one full year later)
He said a few more interesting things about the loan guarantee, but I want to write all that up in one note so as not to get out the wrong connotations.
Heads up, On Saturday he said there would be a VERY interesting news flash we would all like. Could be engine related or ??? So maybe in just a couple days now.
first, take care of yourself .... that's the most important thing
second, thanks for the report, looking forward to hearing the rest
Dusty921
Elio Addict
Get better now, that's an order Sailor.
Thanks for all your input it's always factual, informative and objective.
Dusty
Thanks for all your input it's always factual, informative and objective.
Dusty
I let Elvis know about this use of his book. His response was;
Hi Arak,
That's fantastic, thank you!
Is it on the Internet anywhere? The publishers would love to see that.
. . .
Ah, just found it at http://us6.campaign-archive2.com/?u=24b371802c83d81776b06aa68&id=7a8d69369e&e=5bf0a87aec
Thank you again.
That is superb
Best Wishes,
Elvis
Hi Arak,
That's fantastic, thank you!
Is it on the Internet anywhere? The publishers would love to see that. . . .
Ah, just found it at http://us6.campaign-archive2.com/?u=24b371802c83d81776b06aa68&id=7a8d69369e&e=5bf0a87aec
Thank you again.
That is superb
Best Wishes,
Elvis
OK, (just wanted the cross reference here), for some reason (silliness) I posted the interview notes in this thread;
http://elioowners.com/threads/1-7-15-cult-of-mac-ces-sexy-sci-fi-car-get-84-mpg.5515/page-10
K, I go back for a nap now.
http://elioowners.com/threads/1-7-15-cult-of-mac-ces-sexy-sci-fi-car-get-84-mpg.5515/page-10
K, I go back for a nap now.
feeling better I hope ? .... take care Strep is nothing to fool with