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Class Action Elio Lawsuit Has Over 800 Signatures...

Discussion in 'General Elio Discussion' started by TexasTesla, Oct 30, 2019.

  1. RSchneider

    RSchneider Elio Addict

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    According to Elio Motors:
    Page 10 from the last SEC filing:
    https://ir.eliomotors.com/all-sec-filings#document-380-0001140361-18-042917

    From Elio Motors, they have only completed 1 of 4 steps. They are stuck on completing Step 2 which is confirmatory due diligence that relates to confirmation of the company's financial backing. So no confirmation of financial backing, then they never get past step 2. Soon this will be 5 years from the last DOE update. It shows why Elio needs confirmation of financial backing before they can get to step 3. As of today, they do not have financial backing. Until confirmation of financial backing, no reason to discuss the ATVM loan at all. I think 5 years of beating this dead horse is enough.
     
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  2. Watashiwah

    Watashiwah Elio Addict

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    Page 10 from the last SEC filing:
    https://ir.eliomotors.com/all-sec-filings#document-380-0001140361-18-042917

    From Elio Motors, they have only completed 1 of 4 steps. They are stuck on completing Step 2 which is confirmatory due diligence that relates to confirmation of the company's financial backing. So no confirmation of financial backing, then they never get past step 2. Soon this will be 5 years from the last DOE update. It shows why Elio needs confirmation of financial backing before they can get to step 3. As of today, they do not have financial backing. Until confirmation of financial backing, no reason to discuss the ATVM loan at all. I think 5 years of beating this dead horse is enough.

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    This is partly why I submitted a FOIA request to the Department of Energy. My main priority is to try to determine ‘what Paul and Hari knew, and when they knew it.’ It would be fortuitous to also find out, ‘if/what/when Paul and Hari ‘forgot’ what they knew.’ Remember that ‘serial ATVM applicant’ Hari S. Iyer was paid handsomely to be the ATVM go-to guy: how far did he get and how does that figure with their ‘push to get 65,000 reservations?’ Many of their decisions were very puzzling, from both technical and business perspectives, nevertheless, they seemed to always benefit Elio Motors, (to wit: the churn of monies ‘spent’ (Read: transferred) on the likely ‘ego driven’ engine, immediately obsolete frame and body design, and even that ridiculous ‘Elgin Dash’ fiasco). Just where does that promise to build a fleet of 25 to 100 fleet vehicles fit in? There was substantial funding for that non-project.

    I’d also like to see how much of the principal ‘common denominator’ ESG Engineering really was: there is some intrigue on how they were incorporated and appeared initially as the principal driver of the ‘three wheeled vehicle’ before Elio Motors was created. Maybe this will show up within DoE correspondence.

    There are many intricacies and nuances that might be better understood if we see the timing.
     
    Last edited: Nov 7, 2019
    Travelbuzz1 likes this.
  3. RSchneider

    RSchneider Elio Addict

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    Let us know what you find out.
     
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  4. Travelbuzz1

    Travelbuzz1 Elio Addict

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    Reservation #:
    4324
    906 Signatures Goal: 1,000
     
  5. Travelbuzz1

    Travelbuzz1 Elio Addict

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    I wrote the petition company and asked them when this petition began with it's current 908 signatures. Goal: 1,000

    Alex
    (iPetitions)

    Nov 8, 00:08 -05

    Hello,

    We apologize for the late reply. The petition was started in 2015, as far as we can see.
    Thank you

    Alex
    iPetitions.com
     
  6. RSchneider

    RSchneider Elio Addict

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    You need to write Paul Ash. He's doing the class action lawsuit and originator of the petition. iPetition only hosts the petition and they are on;y good to give you Paul Ash's contact infor. The first comments were in May 2015, so that confirms your 2015 date. Looks like when it hits 1000, this class action lawsuit will be filed. So get this up to 1000 and let's see the wheels of justice in action. Make sure that you keep us up to date on the progress as it's getting close. Only 92 signatures to go before justice is served.
     
  7. Jambe

    Jambe Elio Addict

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    Reservation #:
    6100L, 9991L
    What did Paul Elio do that was illegal to justify a lawsuit?
     
  8. RSchneider

    RSchneider Elio Addict

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    Here's what the basis of the lawsuit and what they want done:
    "They keep accepting reservations for cars but they have no problem delaying and pushing back the release date of the vehicle. This petition should at the very least, garner enough support to initiate a class action lawsuit that allows customers to get their reservation cost back immediately or in the near future"

    In addition to this, further intervention will happen by the government:
    "Should the release date be pushed back yet another time, I suggest some sort of government interference to either shutdown or temporarily prevent their ability to collect funds from more unsuspecting buyers"

    It's pretty serious and hope that Elio gets it together before they reach 1000. At least they stopped taking reservations a long time ago so I think the government will not be able to do anything about that point.
     

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