Ekh
Elio Addict
Thank you for the kind words. My recommendation would be (and has been) to make an all in $1,000 reservation if, and only if, you are convinced of the importance of the project and want your car a few months sooner than others. Otherwise, reserve at a lesser amount. In no case should you risk money you cannot afford to lose if it all goes south.I respect your posts. The forward looking statements clause following all EM's marketing is to protect the company against litigation from false claims and advertising. The required SEC filings aren't crap, but are required financial documentation to inform and protect all investors so they can make informed decisions. They are factual statements made in the process leading up to the startup's probable future........success or failure. I'm hoping for success. It's smart for investors to know exactly where a company is financially speaking, why targets aren't being met, and where it's going.
A curious question: With the Elio knowledge you've gained over the past few years, would you personally or would you highly recommend your friends and family to place a non-refundable Elio reservation deposit, or rather encourage a refundable deposit? All-in seems riskier today based on EM's filings, than it did in 2013 when reservationists thought they would be taking delivery in 2014-15. I agree that there is no need for panic, but enthusiasts might be a little more cautiously optimistic and more understanding of both sides of EM's possible outcome.
With that said, I'm going with 3wheelin's wise new signature and won't post another word about EM's filings since financials leading to progress apparently mean nothing to either a hardcore enthusiast investor or to a no risk investor. Let the newbies do their own research.
The same goes for investing in Elio stock. I think it's lower risk than a lottery ticket, but if you can't afford to lose it and need instant gratification, don't buy it. It might make you rich some day, but it is highly speculative. Spend play money only ... or to make a moral statement.
I never advise making a want-in deposit. Your money is not at risk, but getting it back will be a major hassle, and you gain no priority in line from a want-in deposit.
In general, I believe if you make a risky move, assume you've lost the money, and rejoice when or if things work out. Fretting over it accomplishes little. As the spy in Bridge of Spies asks Tom Hanks, "Would it help?"
These are very personal decisions. I always favor walking your talk and putting something into the pot ... but only if you can afford it.
Elio is miles ahead of where it was in 2014. I think today it's 60/40 they will succeed. I do know that one Elio exec just went all-in on his 9th car. Draw your own conclusions.
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