Buyout?

[tonyspumoni]

So are we finally in semi-agreement that the path here is (1) idea; (2) funding; (3) manufacturing: (4) sales; and (5) if then it fails, they may seek relief from their creditors via Chapter 7 or Chapter 11? That was what Evboy's original post asked.

A couple of points. I am willing to trust Paul's words in his area of expertise, but if he's NOT seeking funding outside of the ATVM loan from DOE he's not the guy I think he is. His bargaining position with respect to potential investors was manifestly improved by applying regardless of the loan's success.

Capital providers will want a good rate of return and board seats. All DOE is asking for, if I read the terms right, is 4% interest and a 25 year amortization. HFS - no capital provider can beat those terms. So the better the loan looks the worse their bargaining position. Paul is ABSOLUTELY looking for private funding but he's now busting their chops with the potential that he won't actaully NEED them, driving his cost of capital to the floor. It's bloody brilliant it is.

 

[Texconsin]

whats te difference between a cvt and a amt?

What's the difference between a porcupine and a BMW?

 

[evboy]

That I a very good point. I don't think It helps you make your point, tho. We all know where Aptera is today.

aptera and elio are quite different. aptera costs 20k and was electric. smaller market. elio will be under 8k and ice engine. huge market. thats why i think they have a good chance of going public, and and doing well. How many reservations did aptera have?.....as far as ford buying it to junk it, that is so conspiracy theory. Lets say they went public at 500 million market cap. Then it doubled the next day like some stocks do. Now the market cap is 1 billion. do you really think they are going to spend a billion dollars and throw it away because they are "SO AFRAID " of a 3 wheel car that it could bankrupt them.Please, quit watching alex jones. we will see in a year. I hope they dont delay again come 4Q/2015.

 

[evboy]

So are we finally in semi-agreement that the path here is (1) idea; (2) funding; (3) manufacturing: (4) sales; and (5) if then it fails, they may seek relief from their creditors via Chapter 7 or Chapter 11? That was what Evboy's original post asked.

A couple of points. I am willing to trust Paul's words in his area of expertise, but if he's NOT seeking funding outside of the ATVM loan from DOE he's not the guy I think he is. His bargaining position with respect to potential investors was manifestly improved by applying regardless of the loan's success.

Capital providers will want a good rate of return and board seats. All DOE is asking for, if I read the terms right, is 4% interest and a 25 year amortization. HFS - no capital provider can beat those terms. So the better the loan looks the worse their bargaining position. Paul is ABSOLUTELY looking for private funding but he's now busting their chops with the potential that he won't actaully NEED them, driving his cost of capital to the floor. It's bloody brilliant it is.

I dont agree with your order. I think if funding happens, and it goes to manufacturing, it cant fail and will be a huge success. The question is what will happen , if they cant get the funding. I dont see how this fails if they build it. we have 35k reservations now and we havent seen the engine yet or done crash testing. once the production model is shown and we are close to all the numbers advertised, the reservations should hit 50 to 60k. at that point, its all about funding, which was the point of my thread to begin with.

 

[Folks]

What's the difference between a porcupine and a BMW?

are we in the car joke thread? I thought that had its own topic.

 

[tonyspumoni]

What's the difference between a porcupine and a BMW?

As a former BMW owner I can answer this without fail: on a porcupine the pri*ks are on the outside.

 

[tonyspumoni]

I dont agree with your order. I think if funding happens, and it goes to manufacturing, it cant fail and will be a huge success. The question is what will happen , if they cant get the funding. I dont see how this fails if they build it. we have 35k reservations now and we havent seen the engine yet or done crash testing. once the production model is shown and we are close to all the numbers advertised, the reservations should hit 50 to 60k. at that point, its all about funding, which was the point of my thread to begin with.

The only creditors they have so far are themselves, so I guess they could just dissolve the company and get their own money back or, if they like going to court, ask the court to protect them from, um, themselves I guess. Do you even know what bankruptcy is?

Now we can dispute the likelihood of them failing to get funding but let's just put this whole bankruptcy thing to bed, shall we? You started this thread on the premise that they get funding or go bankrupt and then got snarky with those who didn't understand that "Bk" meant bankruptcy, which clearly does NOT apply in this case. You have no idea what their current balance sheet looks like. Moreover, unless you yourself are an investor, I fail to understand your morbid interest in the fiduciary aspects of their presumed demise.

I'm back to thinking 'troll' again. Like perhaps you have no interest in the Elio and are really just hoping to pick up some inside tips on their "Bk"? You'd short them but you can't?

 

[Dusty921]

The only creditors they have so far are themselves, so I guess they could just dissolve the company and get their own money back or, if they like going to court, ask the court to protect them from, um, themselves I guess. Do you even know what bankruptcy is?

Now we can dispute the likelihood of them failing to get funding but let's just put this whole bankruptcy thing to bed, shall we? You started this thread on the premise that they get funding or go bankrupt and then got snarky with those who didn't understand that "Bk" meant bankruptcy, which clearly does NOT apply in this case. You have no idea what their current balance sheet looks like. Moreover, unless you yourself are an investor, I fail to understand your morbid interest in the fiduciary aspects of their presumed demise.

I'm back to thinking 'troll' again. Like perhaps you have no interest in the Elio and are really just hoping to pick up some inside tips on their "Bk"? You'd short them but you can't?

Thanks Tony, I'm getting worn out by this guy. Maybe he just likes hearing himself talk. .

 

[tonyspumoni]

Yeah, EvBoy does seem oddly concerned with what will happen if they fail. Frankly, if they fail, I couldn't care less. My reservation goes to pay down debt, my Elio doesn't happen, and I have to go back to drinking gas by the barrel, but that is EM's problem not mine and I'll take little interest and even less heart in that process should failure come to pass and zero interest in the mechanism.

He likes bankruptcy I think?

 

[Rickb]

Obviously, Bk to me means Bad Kid (urban dictionary).