From The Sec 11/25/2016 Release...

[booboo]

I get the impression EM would have been dead a very long time ago if it had not been for Stu.

Definitely would have been a different road.
No telling though, for the better, worse, or the same.
http://susanbaroncini-moe.com/please-stop-misinterpreting-the-road-not-taken/

 

[Watashiwah]

I get the impression EM would have been dead a very long time ago if it had not been for Stu.

Hmmmm, that's a 'sword that cuts both ways....' Stu is arguably the 'real estate guy' who is coincidentally on the EM Board, Paul is the Automotive visionary. When all is said and done, the business (and now real estate) decisions are going to be what makes or breaks Elio Motors' future. I hope it's all about focusing on getting a vehicle off the assembly line and not about 'what we can do with that big facility and how do we keep Caddo Parish off our backs and I still can make some money.'

 

[Elio Amazed]

Hmmmm, that's a 'sword that cuts both ways....' Stu is arguably the 'real estate guy' who is coincidentally on the EM Board, Paul is the Automotive visionary. When all is said and done, the business (and now real estate) decisions are going to be what makes or breaks Elio Motors' future. I hope it's all about focusing on getting a vehicle off the assembly line and not about 'what we can do with that big facility and how do we keep Caddo Parish off our backs and I still can make some money.'

Stu's SBP/IRG itself doesn't have to worry about the IDB and Caddo parish until December 2018 (60 months from 12/13). It's in the lease contract and in the SEC report if you want to read about it. As far as the rest of your post, don't forget that Stu ('the real estate guy') has invested a massive amount of money, not only into a property lease that hasn't paid,and still isn't paying, much of anything (aka bleeding some money every day), but he has also been, and still is, EM's #1 CASH COW. Not only in invested capital, and loans, but also in the purchase of stock. In the end, after their initial application , vision and effort become largely irrelevant if not applied efficiently. You can have the best vision, your best and most consistent effort, and the best backing and fail. The bottom line is that this business, like most others, is results-based and either survives or fails on that basis.

 

[Rickb]

Follow the money trail ($140M) it always tells the whole story.

 

[pistonboy]

Stu's SBP/IRG itself doesn't have to worry about the IDB and Caddo parish until December 2018 (60 months from 12/13). It's in the lease contract and in the SEC report if you want to read about it. As far as the rest of your post, don't forget that Stu ('the real estate guy') has invested a massive amount of money, not only into a property lease that hasn't paid,and still isn't paying, much of anything (aka bleeding some money every day), but he has also been, and still is, EM's #1 CASH COW. Not only in invested capital, and loans, but also in the purchase of stock. In the end, after their initial application , vision and effort become largely irrelevant if not applied efficiently. You can have the best vision, your best and most consistent effort, and the best backing and fail. The bottom line is that this business, like most others, is results-based and either survives or fails on that basis.

Rename the vehicle to include both names Stu and Elio............Stelio.

 

[BaldGuy]

I got a feeling if they end up losing the plant the dream is over. Hopefully before December 2018, something good will happen.

 

[booboo]

Let's Talk Elio: 2017 SEC Filing Elio Motors
Joeker88 's new Elio video. Not sure if and when he will post it here.

 

[booboo]

Don't know how I missed this. My internets algo's rhythms must be off a beat.
IEN NOW: Elio Motors Falls Deeper in Debt May 4, 17

 

[Ty]

Yup... Elio needs to get some traction and soon.