Coming To A Stockmarket Near You

[W. WIllie]

Read the whole thing several times. Makes my head spin.
GO ELIO!

 

[Rickb]

And a tad more new information posted to SEC EDGAR. Among other things;

"Operating Results
We have not yet generated any revenues and do not anticipate doing so until late in 2016 at the earliest, but more likely in 2017. Nine Months Ended September 30, 2015 Compared to September 30, 2014. Operating expenses for the nine months ended September 30, 2015 decreased by 37% over the comparable 2014 period, due to reduced engineering, research and development.
Interest expense increased by 175% due to the default interest charges on the note to Racer Trust, offsetting the decrease in operating expenses.
As a result, our net loss for the nine months ended September 30, 2015 was $14,462,831, as compared to $13,921,496 for the comparable 2014 period, a slight increase of 4%. Our accumulated deficit was $59,419,070 at September 30, 2015."

http://pdf.secdatabase.com/41/0001214659-16-009658.pdf

I liked your post, but really don't like it, the net loss that is.

 

[Rickb]

One other interesting item from that filing is that $16,920,000 was raised in the Reg A+ offering.

Perhaps much of that $17 Million will be used to pay down the debt as part of EM's daily operating expenses.

 

[Hightech]

Sell me your shares for $0 please

 

[Ty]

View attachment 8456


Sell me your shares for $0 please

... no.

 

[Aprilia]

And a tad more new information posted to SEC EDGAR. Among other things;

"Operating Results
We have not yet generated any revenues and do not anticipate doing so until late in 2016 at the earliest, but more likely in 2017. Nine Months Ended September 30, 2015 Compared to September 30, 2014. Operating expenses for the nine months ended September 30, 2015 decreased by 37% over the comparable 2014 period, due to reduced engineering, research and development.
Interest expense increased by 175% due to the default interest charges on the note to Racer Trust, offsetting the decrease in operating expenses.
As a result, our net loss for the nine months ended September 30, 2015 was $14,462,831, as compared to $13,921,496 for the comparable 2014 period, a slight increase of 4%. Our accumulated deficit was $59,419,070 at September 30, 2015."

http://pdf.secdatabase.com/41/0001214659-16-009658.pdf

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.

 

[bunchathrees]

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.

This is about what I expected given the scope of this endeavor. It is disappointing that the default rate was allowed to kick in, but other than that, I haven't read anything untoward.

 

[W. WIllie]

That's the way they do "Big Business".
Look at VW as a prime example.
They are still in business.

 

[Chris F]

This is about what I expected given the scope of this endeavor. It is disappointing that the default rate was allowed to kick in, but other than that, I haven't read anything untoward.

Absolutely right. This is what you have to expect.

 

[Chris F]

People have to realize that there is no unrestricted stock available right now. The stock sold under Reg D is restricted stock. The Reg A+ stock is not restricted, but has yet to be distributed.