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
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