outsydthebox
Elio Addict
- Joined
- May 6, 2014
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Considering EM has been up and running since 2008 and have accomplished all they have since then it should be no surprise they're heavily in debt. It's a classic "catch 22". You need money to get started, you need to get started to get the money. This isn't the SECs first rodeo so I'm reasonably certain they've seen better finances but I'm also certain they've seen much worse. An 8 year old company with virtually no income other than early adopter deposits I'm surprised their finances aren't worse than they are.
Thank You! And, well said!
Yes, this is an 8 year old company with over $50 million in debt, but, it IS holding hundreds of millions in assets. The contents of the factory in Shreveport are assets.