Chinese Or Other Foreign Investors?

[pistonboy]

To be honest. I understand the question. Where did the money go ?
I have not formed a firm opinion on this. I do not know.
Were millions spent unwisely ?
Was time wasted ?
I would have to see proof of this past, and talk in depth honestly with someone who lived it, to have an inkling of what has really transpired.

I would love to see a breakdown of how the money was spent. Not because I believe the money was spent unwisely, but because I wonder what are the steps performed in bringing to life a vehicle and how much those steps cost.

Apparently the frame was redesigned as a result of Roush testing. Was the previous frame design a waste of money? I suspect not. I assume the Rouse design is simply a modification of the previous design. A few of the earlier frames were built. I hope they were just modified and not a waste.

There were computer simulations of the earlier frame in a crash. I assume these simulations had to be repeated for the new frame design.

 

[pistonboy]

How am I doing in defusing the argument?

 

[Elio Amazed]

I hope Stu has unofficially said "If all financial avenues are exhausted and there is absolutely no money found, I will completely fund the Elio project. I am older now and want to spend my money before I die."

Go Stelio.

Stulio.

What argument?

 

[pistonboy]

Stulio.

What argument?

Stulio?

Hummm. I never thought of that.

 

[ABC123]

https://www.bloomberg.com/news/arti...re-adds-proton-lotus-to-expanding-auto-empire

Looking for brands at different price points - boy do we have an opportunity for him!

 

[booboo]

https://www.bloomberg.com/news/arti...re-adds-proton-lotus-to-expanding-auto-empire

Looking for brands at different price points - boy do we have an opportunity for him!

ElioMotors is a deal!
$376,000,000 / $1,000 per unit = 376,000 units.
Even if you averaged 1/3 of that, say $300 on each Elio, only 1,000,000 would have to sell to recoup initial $376,000,000.
Simplified, but I think my math is right.

 

[Ty]

If the Chinese were to invest in Elio Motors, just what would they get for their money? EM rents a tiny office in Phoenix, they have some convoluted 3rd. party interest in a facility in Shreveport (facing beaucoup fines soon), they have 3 to maybe 5 'prototypes' in various stages of incompleteness and obsolescence, two engines (one of which has no verifiable performance numbers), no patents unique to the product or absolutely necessary, some (difficult to determine) debt to suppliers, and a trailer with a dusty 'demo' vehicle. The Chinese could "knock off" (there is really nothing to emulate) this virtual auto cycle at pennies of the dollars Elio has, arguably, forever squandered; if there was a future in this, the Chinese have at least thought about it. High fuel prices, and 'green' benefits, are of no matter and inconsequential to any development, it is all about profitability. All EM has to offer is CAd drawings and, some remaining, but perishable, 'good will.'

Elio also has the rights to a factory and all the equipment necessary to build the Elio. Sure, the Chinese have factories but those are running at peak efficiency with probably little capacity for a low-cost, low-profit vehicle. And don't underestimate their desire to enter the US auto market. Coming in and offering an 84 MPG vehicle would be a decent start!

 

[Ty]

The value of the stock is way out of proportion to the value of the company. Shares are worth only pennies.

Aren't shares ALWAYS worth only what someone will pay for them? I suppose $6.50 per share IS the same as 650 pennies per share.

 

[Samalross]

Yes, share prices are based on what people will pay for them. They base it on assets, liabilities, present and future profit and sales. Based on these parameters the shares are almost worthless. The average loss is about 701 pennies per share, if Elio is not bought out, the average loss will be 1200 pennies

 

[Rickb]

My simple mind is puzzled by how a startup company with liabilities, few assests, no product to sell, no validated prototype, no profit in over a decade, offering no guarantee to deliver a product to generate future profits even qualifies to sell shares. Definitely a high risk investment, hopefully offset by a diversified investment plan.