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You can register using your Google, Facebook, or Twitter account, just click here.I was an 'Avid Supporter' of Elio Motors in the past, I traveled many hours to see the P3 and P4, Loved the 'idea' and have been following them since 2009. I have seen them go from a 'customer oriented' company.... to a struggling one that doesn't care about their 'paying supporters' and just needs more CASH, by whatever means available.... including 'deceiving' their potential investors. When a $1,000 supporter asks them questions about their ESCROW account and their 'progress' in setting up an 'Engine Manufacturing Facility' that will be able to produce 500 engines per 8 hour shift (one per minute)..... they BLOCK you, without any notification, or reason; so much for 'transparency'. What CASH they do generate via the 'Mall Tour', seems to be going into more 'marketing'; and NOT into producing a "E" Series Pre-Production prototype.... and a TESTING program.
At this stage of the Elio game Paul would be willing to take 15K from anyone in the nursing home or on food stamps.
He is getting to feel the pressure now.
I've been following the Elio saga for the past 6 months through the eyes of this blog. So I was a bit surprised that I got zero response to my post about financing (2/24) except for "welcome to the blog", and " the gas cap belongs on the right". I posted what I thought was an interesting concept as to how EM could get the financing needed to get to production. Here's a repeat of that posting. I'd like to know what's wrong with this idea, and would you participate in this financing opportunity if given the chance.
Here's how EM could crowd fund the Elio. EM should gift every first year reservationist a small amount of EM stock when the future owner pays the full $6800 up front. This money would be fully refundable up to the first day of production. Let's say Em is capitalized at 1,000,000 shares, and up to 6 percent is dedicated to the potential 60,000 1st year reservationists. That's 1 share per autocycle which has zero value today, but may have real value 5 years from now. What does this do for EM? 60,000 reservationists X $6,800 = $408 M in the bank waiting for production to start. Don't you think they might be able borrow substantially (as opposed to giving up equity) against that collateral, and demonstrate viability to DOE at the same time? EM could even make things more interesting by committing all 60,000 shares no matter how many reservationists take part In other words if only 1 person plunks down the $6,800 then when production starts they'll get all 60,000 shares. I think some variation of this approach could get EM over the hump.
A. They probably only have 1,000 or 10,000 shares. Doing a million shares for a startup is ridiculous.I've been following the Elio saga for the past 6 months through the eyes of this blog. So I was a bit surprised that I got zero response to my post about financing (2/24) except for "welcome to the blog", and " the gas cap belongs on the right". I posted what I thought was an interesting concept as to how EM could get the financing needed to get to production. Here's a repeat of that posting. I'd like to know what's wrong with this idea, and would you participate in this financing opportunity if given the chance.
Here's how EM could crowd fund the Elio. EM should gift every first year reservationist a small amount of EM stock when the future owner pays the full $6800 up front. This money would be fully refundable up to the first day of production. Let's say Em is capitalized at 1,000,000 shares, and up to 6 percent is dedicated to the potential 60,000 1st year reservationists. That's 1 share per autocycle which has zero value today, but may have real value 5 years from now. What does this do for EM? 60,000 reservationists X $6,800 = $408 M in the bank waiting for production to start. Don't you think they might be able borrow substantially (as opposed to giving up equity) against that collateral, and demonstrate viability to DOE at the same time? EM could even make things more interesting by committing all 60,000 shares no matter how many reservationists take part In other words if only 1 person plunks down the $6,800 then when production starts they'll get all 60,000 shares. I think some variation of this approach could get EM over the hump.
They are an incorporated entity. They have to have stock in order to exist...there is no em stock
no stock in the market place?They are an incorporated entity. They have to have stock in order to exist...
Define market place. With the new investor deal, that could be considered in the market place.no stock in the market place?