Elio Belly Up. Fake News Or Not?

[Sailor Dog]

The SEC requires the wording to provide accurate information for all investors. You better believe it's for us to use in making informed decisions regarding investments.

Several decades ago I worked for one of the federal banking agencies....for all of one year in New England's worst housing crisis. Credit Unions were forced into mergers to protect the insurance deposit fund of $100,000 per deposit account. The language used in our examination reports always was meant to cause positive proactive change that was understood at the Board meeting but would have caused a run on deposits if it had been general public information. SEC filings are of a similar nature...an incendiary read for most people. Much of what matters is happening behind the scenes and it is the nonquantifiable and completely private discussions going on post 9/30 that matter now. Ekh is right...this is crunch time for the ATVM program...$32,000,000,000 is just sitting there collecting dust... something is terribly wrong with that. The goalpost changed with the government initially with new requirements...ie... 65,000 reservations. The mpg of 75 highway is settled and any attempt to state otherwise is slanderous in my opinion when they were pushing 83.6? This all went on with Tesla... history ryhmes... who's going to make the same mistake with Elio in the first year after IPO...count me out last time and this time as well... DON'T GET SUCKERED AND FAKED OUT OF ELIO!!! GO ELIO!!!

This wasn't a hater article. Nobody hates the high mpg Elio concept and or idea of an Autocycle concept with a planned direct to consumer sales model with the exception of big oil and NADA.

IT SEEMS TO ME THAT THE ELIO IS BIG OIL's BEST FRIEND .
IT PROVIDES A LARGE SCALE VIABLE ALTERNATIVE THAT BRIDGES THE GAP
BETWEEN GREEN & CONVENTIONAL ENERGY .

BACKING THE ELIO & BRINGING IT TO PRODUCTION WILL KEEP A LOT OF CUSTOMERS
PUMPING GAS THAT MIGHT OTHERWISE BE PLUGGING IN .

CLEARLY THE ELECTRIC CARS ARE HERE TO STAY AND WILL BE IMPROVED .
THEY SHOULD BE HOPING THAT THERE IS AN ELIO AROUND TO COMPETE WITH THEM .

SYNCHRONIZED WITH THEIR OWN SUPERIOR EVELIO AND ICE VERSION!!! GO ELIO!!!

 

[Sailor Dog]

You can read these types of articles all the time after SEC filings. The article isn't "fake," but the author's interpretation of the information is just that...an interpretation of the facts.

Anyway, it would be in everyone's best interest, that is those investing or looking to acquire a reservation, to heed the information provided in the article. It is not gospel, but you can't just ignore articles like this...do your own research and make an informed decision.

The speculation is that Elio was counting on the sale of ZEV credits to succeed, or at least they were a main component of the business plan. If true, it would certainly be an issue if they didn't have access. However, this hasn't been confirmed...so if anything people should maybe attempt to get confirmation of the facts...rather than simply ignore the possibility that there is an issue.

Of course, there is something to be said for those who are interested in the company, and want it to succeed against the odds. Understanding the risk is important, and if you want to invest your money in Elio to help them succeed you should absolutely do that. It's just good to do so with all the information at hand, rather than ignoring information that doesn't jive with the outcome you want.

Don't ignore the information... but remember this is like a painting...much more interesting, detailed and accurate to use the full pallet of colors to properly reflect the reality than to amplify an emotional response in a black and white misleading but extremely accurate SEC filing (SERIOUSLY....can't make this stuff up!)... I can make someone cry in black and white, bottom line minimalist oversimplifications or laugh and grow prosperous in the splendid color of the grand scheme of things...put the theoretical mathematicians on the pedestal instead of the auditors, economists and CPA's that caused the wrong short/sell action before...the winners are currently all LONG Elio Motors whether they currently know it or not...just watch and see...next big opportunity after Elio will be XTI VTOL!!! Like Apple, Keurig and Tesla before....quit listening to the wrong people...GO ELIO!!!

 

[Sailor Dog]

I don't think one can or should ignore the high lighted statements in the Gas2 article. Not fake, but rather EM's own statements copied from their SEC filings. Anybody considering a non-refundable all-in reservation deposit may want to think seriously about going refundable.

The political speculation that the Elio and other alternative energy vehicle programs being Trumped is pure speculation that will be validated in January 2017. The appointments look as though big oil and the NADA may be back in the driver's seat and may not support the need for stinkin affordable high mpg vehicles. It does't appear promising, but again speculation.

This wasn't a hater article. Nobody hates the high mpg Elio concept and or idea of an Autocycle concept with a planned direct to consumer sales model with the exception of big oil and NADA.

Sounds so right doesn't it...are you the same one that said all the same s--- about Tesla's SEC filings... glad I didn't listen to you then EITHER! Notice the primarily depressed, silent reaction to you raining on everyone's parade...you missed the boat last time....why should anyone listen to you now!

This isn't just about big oil...it's also about the little guy being able to afford to suck on big mama oil's nipple... now and at twice the price!!!

 

[Karg]

If Hitler can drive a Volkswagen in 1936 to push the "people's car" why can't Trump do the same in 2017 in an Elio?
Oh, sorry I forgot, Trump can't drive!

 

[Elio Amazed]

misleading but extremely accurate

LOL.

 

[Elio Amazed]

I find it very interesting that, if you do the math on the big picture, it appears that there's been almost NO private placement.
As far as 83.6mpg... Someone please give me a link to official test results and documentation.
Otherwise, as one poster said, it may be necessary to sue me for slander.

"To date, $59 million has been invested in vehicle prototypes, engineering and development, and soft tooling."
"Our accumulated deficit was $123,212,431 as of September 30, 2016."
So... Basically, in excess of $64M was spent on... what?

"As of September 30, 2016, we had cash of $101,317 and a working capital deficit of $25,769,911..."

I don't know how to paint those statements in grand colors that change their basic meanings.
So taking them at face value pretty much sums it up for me.

I'll now leave the thread to more forward thinking individuals.
And simply hope that EM can indeed pull a miracle out of their collective butt.

 

[Ekh]

Excuse me...
I hate to bust the party, but have any of you read the latest SEC filing?
Though I find it's title offensive, there are no "fake" quotes in that article.

All of that is taken directly from the filing.

In addition to all that, this is from page 11...

"Liquidity and Capital Resources
The accompanying financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business. From inception, the Company has financed its business activities through customer
deposits, debt issuance and contributions from stockholders. The Company expects to obtain funding through additional debt and equity
placement offerings until it consistently achieves positive cash flow from operations after starting production. Management expects that cash on
hand combined with anticipated funding sources will provide the Company with adequate funding through December 31, 2016. There are no
assurances that the Company will be able to raise adequate funds, achieve, or sustain profitability or positive cash flows from its operations.
Through September 30, 2016, the Company has not recorded any revenues for the sale of its vehicle product nor does it expect to record
revenues of any significant amount of product prior to commercialization of its vehicle. Once the Company’s planned principal operations
commence, its focus will be on the manufacturing and marketing of its vehicles and the continued research and development of new products.
The Company may not be profitable even if it succeeds in commercializing its product. The Company expects to make substantial expenditures
and to incur additional operating losses for at least the next several years as it continues to develop the vehicle, increase manufacturing capacity
for production, and enter into production and marketing collaborations with other companies, if available on commercially reasonable terms, or
develop these capabilities internally. The financial statements do not include any adjustments that might result from the outcome of this
uncertainty and whether the Company can continue as a going concern past 2016."

Of course, we can spin that any way we want. Here's the link to all of Elio's SEC filings...

http://www.otcmarkets.com/stock/ELIO/filings

Elio has not raised any money from operations. That means Elio hasn't built or sold any cars. That is true, but easily misconstrued. They go on to say they raise money from loans and investors, and expect to go on doing so. Tesla did precisely the same thing!

These statements are cautionary -- and IMO Elio has not been careful enough in their phrasing so as to avoid giving uber-trolls like Joe Borass a convenient weapon. However, they do not indicate a need for panic on our part. All this statement actually says is, "we haven't made any money from building cars, and we won't until we have procured sufficient financing from lenders and investors. We expect to continue to accrue losses until we commercialize our vehicles, and it is possible we won't make any money then, either."

That's all true. They are burning money, and it is POSSIBLE they won't make any money once they launch operations. But everyone on tis forum knows that the math of the Elio is such that the vehicle will be immensely profitable, and 62,820 reservations (as of this writing) demonstrate that demand is real.

SEC Filings are designed to protect the company against litigation for false claims and advertising. They ARE NOT statement of a probable future.

Do not panic over this crap. And Borass, as I have said before, has no personal integrity -- as I know from personal experience with him. Unfortunately, others may believe his piece, but he is a burp, not even a belch, in the long process of pulling this project to completion.

 

[Ty]

I find it very interesting that, if you do the math on the big picture, it appears that there's been almost NO private placement.
As far as 83.6mpg... Someone please give me a link to official test results and documentation.
Otherwise, as one poster said, it may be necessary to sue me for slander.

"To date, $59 million has been invested in vehicle prototypes, engineering and development, and soft tooling."
"Our accumulated deficit was $123,212,431 as of September 30, 2016."
So... Basically, in excess of $64M was spent on... what?

"As of September 30, 2016, we had cash of $101,317 and a working capital deficit of $25,769,911..."

I don't know how to paint those statements in grand colors that change their basic meanings.
So taking them at face value pretty much sums it up for me.

I'll now leave the thread to more forward thinking individuals.
And simply hope that EM can indeed pull a miracle out of their collective butt.

Well, it is pretty easy to see Elio isn't selling vehicles yet and the reservation line only brings in so much that Elio can use. So, of course they are running in the red. This isn't uncommon nor serious cause for concern. (See also Tesla)

As to the mileage numbers:
How Vehicles Are Tested
Fuel economy is measured under controlled conditions in a laboratory using a series of tests specified by federal law. Manufacturers test their own vehicles—usually pre-production prototypes—and report the results to EPA. EPA reviews the results and confirms about 15%–20% of them through their own tests at the National Vehicles and Fuel Emissions Laboratory.


For other light reading: http://www.ecfr.gov/cgi-bin/text-idx?SID=f4998116259c3d616115baa40e23648a&mc=true&node=pt40.19.86&rgn=div5#se40.21.86_1000_624

 

[Ty]

Elio has not raised any money from operations. That means Elio hasn't built or sold any cars. That is true, but easily misconstrued. They go on to say they raise money from loans and investors, and expect to go on doing so. Tesla did precisely the same thing!

These statements are cautionary -- and IMO Elio has not been careful enough in their phrasing so as to avoid giving uber-trolls like Joe Borass a convenient weapon. However, they do not indicate a need for panic on our part. All this statement actually says is, "we haven't made any money from building cars, and we won't until we have procured sufficient financing from lenders and investors. We expect to continue to accrue losses until we commercialize our vehicles, and it is possible we won't make any money then, either."

That's all true. They are burning money, and it is POSSIBLE they won't make any money once they launch operations. But everyone on tis forum knows that the math of the Elio is such that the vehicle will be immensely profitable, and 62,820 reservations (as of this writing) demonstrate that demand is real.

SEC Filings are designed to protect the company against litigation for false claims and advertising. They ARE NOT statement of a probable future.

Do not panic over this crap. And Borass, as I have said before, has no personal integrity -- as I know from personal experience with him. Unfortunately, others may believe his piece, but he is a burp, not even a belch, in the long process of pulling this project to completion.

Lol... you beat me to it! Even mentioned Tesla. LOL

 

[voyager]

Will take some time before the DOE under Trump is sorted out, including ATVM issue policies, I guess.