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Em Selling Stock Again (?)

Discussion in 'Elio Stock Discussion' started by pistonboy, Aug 4, 2016.

  1. pistonboy

    pistonboy Elio Addict

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    Is Elio Motors going to offer a large amount of stock for sale? It appears so, but it seems surprising quiet. I had read that EM had made a post on Facebook regarding the matter but I was unable to find it. They filed Form 10-12B with the securities and exchange commission for the sale of stock. This can be seen at:

    http://pdf.secdatabase.com/141/0001214659-16-012757.pdf

    The filing date is 2016-07-25.The exchange is NYSE MKT. I was familiar with NYSE but not MYSE MKT so I looked it up and read:

    “It is a market for young companies with a small market capitalisation.”

    “The NYSE MKT is the NYSE’s emerging company marketplace for smaller-cap companies. NYSE MKT has lower listing requirements that the NYSE.”

    “NYSE gathers big players, while NYSE MKT is a market for “young companies with a small market capitalisation” dedicated to “helping them grow”.”

    This sounds to me, who is not financially savvy, like an IPO, except stock had already been sold under REG A. I don’t know what this is called. There was a strong feeling on this forum by many that EM did not qualify for an IPO.

    If EM is going to have a major stock offering soon to raise money, is that why they invited Road and Track as well as Car and Driver at this time to test the vehicle? To bring (positive) publicity to the Elio from major respected media in order to get more money for the stock they would soon sell?

    I hope they announce something soon. This is very, significant
     
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  2. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

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    I do feel your very right about something is going to happen and soon too. But, I don't know about markets, so I've been paying attention. There is something about the 'market value' not changing for 6 days last month and settled 520,000,000 and change since mid March. The stock on the OTC market is settled at $19 and change. It is like we're waiting on the next foot to fall / the next rabbit out of the hat / the next hail mary.
     
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  3. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

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    It is happening now !
     
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  4. Marshall

    Marshall Elio Addict

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    I'm sure they are looking at both the funding supplement to the ATVM loan and as a financial substitution for the ATVM loan since it is never good to place all your hopes on a fickle government burocracy. In fact, I think i even remember Paul bringing this up. He is not COUNTING ON the ATVM, even while jumping through their hoops to receive it.
     
  5. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

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    Paul said something like that. He isn't going to depend on the Government to do the right thing in time. BTW, The SEC filing will be a year old the end of this month.
     
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  6. pistonboy

    pistonboy Elio Addict

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    If the E1C is for marketing and plays an important part in the future of EM, it sounds like after the E1C is finished, there will be some type of publicity campaign followed by the selling of stock to finance production. This is my speculation.

    I look forward to seeing the E1C finished so we can at least see it in media and read test reports.
     
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  7. Ekh

    Ekh Elio Addict

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    I think Elio wants to move up to a better-known and more "respectable" exchange by listing on NYSE MKT. I also suspect they've made a number of significant design changes to the car, including frame construction, body material, and other design features not reflected in the P5, whose shortcomings were made rather obvious last week with the R&T fiasco.

    They need a complete, fully-equipped, TESTABLE car, and they need it soon -- marketing logic (which isn't logical at all) would suggest that they need a grown-up car for the grown-ups' stock market.

    I think the ATVM is alive and well ... but they absolutely, positively, have to demonstrate their MPG capabilities right away. If, and I'm imagining this, my own little Elio fantasy, Elio were to land the ATVM and list concurrently on NYSE MKT, they might raise a really large sum of money right away. Pulling that off is so far beyond Elio's actual control that it's a fantasy, but not impossible ....
     
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  8. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

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    Elio were to land the ATVM and list concurrently on NYSE MKT, they might raise a really large sum of money right away. Pulling that off is so far beyond Elio's actual control that it's a fantasy, but not impossible ....things are happening everyday.
     
  9. Marshall

    Marshall Elio Addict

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    I'm really not sure the NYSE MKT is an upgrade over the CQX. Both are for starting capital which doesn't meet the requirements for the major boards like the NYSE. Don't confuse NYSE with NYSE MKT.
     
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  10. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

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    OK Marshall. Since I know squat about 'the markets' anyways, I will be sure not to confuse the two. What if this goes though? What will it mean to me? Will I have a chance to buy into the game before it hits 'that market'? Will my eliootcqx shares be transferred to the "new market'?
     
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