Coming To A Stockmarket Near You

[Rickb]

WOW...18% Interest....that's very disconcerting...

I did not realize Elio has such a dysfunctional balance sheet...

This is a huge negative balance & probably growing rapidly... "Our accumulated deficit was $59,419,070 at September 30, 2015."



We also have a long-term loan of $23,000,000 from the Racer Trust which was incurred in March 2013 in connection with the
purchase of the equipment at the Shreveport facility
.
This loan was to be repaid in monthly installments of $173,500 beginning on
November 1, 2013, with the entire remaining balance due September 1, 2016.

We were delinquent on the first payment, which triggered
default interest to be charged on the loan at 18% per annum.

I'm sure you did.

 

[TMOSteel]

"OTC", "Other OTC" or "Grey Market" is a security that is not currently traded on the OTCQX, OTCQB or OTC Pink marketplaces. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.

Pink marketplace, as in Pink Sheets, now where have I heard that referenced lately...oh yeah: