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Elio Coin Offering Begins.

Discussion in 'Site news' started by Gregw, Sep 20, 2018.

  1. RSchneider

    RSchneider Elio Addict

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  2. Travelbuzz1

    Travelbuzz1 Elio Addict

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  3. Coss

    Coss Moderator Staff Member Moderator

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    I don't know if this is anything the "common" man can buy into, reason being: which is limited to certain institutional and accredited investors pursuant to Regulation D of the Securities Act of 1933 (the "Securities Act").
    So unless you are an "Institutional and accredited investor" it's not something you can buy into.
    In other words, this is the Big Guns investment toy.
    Sorry folks, it's outside my play area, and I imagine most others that are on here.
     
    gottemfeathers and RUCRAYZE like this.
  4. RUCRAYZE

    RUCRAYZE Elio Addict

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    outside my play area- outside my universe!
     
  5. raptor213

    raptor213 Elio Addict

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    Excerpt from the 9/20/2018 press release:

    "JonesTrading Institutional Services LLC is acting as the placement agent for the pre-sale which will continue through October 15th, with the company reserving the right to extend or terminate the pre-sale at its sole discretion. Units in the pre-sale offering are constituted of ElioCoin Tokens and Series E preferred equity convertible at $10 per share. Following the pre-sale, Elio plans to launch a more broadly marketed main sale of the ElioCoin. This sale will be conducted in the same spirit as the company’s long-stated goal of building a vehicle affordable to a wide range of consumers. Details on the main sale will be forthcoming after the conclusion of the pre-sale. As currently planned, the main sale will also be conducted pursuant to Regulation D of the Securities Act."

    https://en.m.wikipedia.org/wiki/Regulation_D_(SEC)

    https://www.ecfr.gov/cgi-bin/text-i...39&mc=true&node=sg17.3.230_1498.sg11&rgn=div7
     
  6. Made in USA

    Made in USA Elio Addict

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    Here is something interesting in that Carvana is selling cars directly over the internet, which is similar to how Elio would like to also sell. Seems to be working for them well. They are located in Phoenix as well. Maybe Paul is talking with them too.

    Phoenix-based online car seller Carvana said late Monday that it is launching a follow-on, public offering of its Class A common stock. According to the company, it is selling 6,000,000 shares of its stock, and selling stockholders are selling 4,000,000 shares of its Class A common stock, as part of the offering. The offering comes almost exactly a year after Carvana's IPO, which was in April of 2017. The sales come as the company reported $360M in net sales and operating revenue for the three months ended March 31, 2018--more than double the $159.1M it reported for the same three months last year. The company's sales for the three months nearly match the total revenues the company report in all of 2016, when it reported $361.1M for the entire year.
     
  7. Maurtis

    Maurtis Elio Addict

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    I think the difference here is Carvana sells used cars. I would assume that is a different category than Elio and new car sales when it comes to dealerships and legislation?

    We looked at Carvana when shopping for my wife's car a few months ago. I really like their business model. Tons of photos and videos of each car online but you do not get to see it in person or drive it until after you pay and they bring it to you. Since we are close enough to one of their vending machines then delivery is free.

    On delivery you then get 7 days to drive it around. If you have any regrets within those 7 days, you get a full refund.

    Pricewise they were pretty comparable to Carmax if not a little cheaper, but also did not have the Carmax fees for getting a car that was out of the area. We ended up going to Carmax since they had the exact model and color my wife was looking for, but I was leaning towards Carvana just because I liked the business model.
     
  8. Travelbuzz1

    Travelbuzz1 Elio Addict

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    Posted on April 24, 2018 press release:
    http://coinbuzzfeed.org/elio-motors-launches-its-personal-cryptocurrency/

    Corporations already use cryptocurrencies—digital currencies like the favored Bitcoin—to boost cash, and Elio intends ElioCoin to be a safer wager than different choices. ElioCoin can be supplied as a “Securitized Token Providing,” which means it is going to be topic to stricter laws and supplied solely to monetary establishments and accredited traders. Elio additionally hopes that bringing in Jones Buying and selling to guide the providing will add extra clout.


    Buyers will redeem ElioCoins for precise Elio automobiles, though the corporate is not prepared to debate precisely how that can work simply but. Overstock.com is at the moment negotiating to turn out to be the lead investor within the ElioCoin sale, and the tokens can be traded on Overstock subsidiary tZero. Overstock can also be planning a traditional fairness funding in Elio. Nonetheless, Elio will not talk about the quantity of that funding, or the quantity it hopes to boost by way of the coin providing presently

    When you're mining bitcoin from dwelling, you're now shedding cash 10/12/18
    http://coinbuzzfeed.org/when-youre-mining-bitcoin-from-dwelling-youre-now-shedding-cash/
     
    Last edited: Oct 12, 2018
  9. Johnny Acree

    Johnny Acree Elio Addict

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    Any body hear any thing yet?
     
  10. Coss

    Coss Moderator Staff Member Moderator

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    Not me, nope, not a word.
     

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