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Jalopnik Claims Elio Has Only $100k In Bank, $123 Million In Debt

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Coss

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In the first quote you say " I wonder if they are members here or..."
2nd quote you say " oh they know us they were members originally..."
And that's true; when this board first started, EM had identified member here. In other words there were members that ID'd themselves as working for EM. Once they did, they were under siege with questions from everyone here, and at times, it got almost ugly.
So they quit, and let us know they quit quite clearly, and said they would not come back. For a while, that held true. Over time the members from here would approach them at the tour stops, and through emails, tell the people from EM that they were members at EO.
When it became clear to EM that we were a knowledgeable group, and not just a group of trolls; we know they look in here to follow the topics that are the "lead" items we're talking about. Now we do not know if they stop in as guests, or if they're members "undercover" (they have not told us).
They could be members, and just not let anyone know that they actually work for EM; this way they can join into the discussions, and not get cornered by others and questioned.

Does that make my statements easier to understand now?
 

Sailor Dog

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Where is the proof of this?


T


Hyundai Dymos is the seat manufacturer. Hyundai Glovis, another Hyundai division, just opened shop in a portion of the Shreveport facility that Elio does not lease:

http://www.ksla.com/story/34180796/hyundai-glovis-to-bring-396-new-jobs-to-former-gm-plant
Today's news seems to validate ELIO confidence. Rick Perry doing due diligence on ATVM Program if confirmed and Peter Brock (Corvette Stingray, Shelby Mustang) just wrote a wonderful article about Elio's E1C test drive...Hint, made a reservation...Feel free to Wikipedia or Google the automotive savant ;)
 
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Elio Amazed

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Today's news seems to validate ELIO confidence. Rick Perry doing due diligence on ATVM Program if confirmed and Peter Brock (Corvette Stingray, Shelby Mustang) just wrote a wonderful article about Elio's E1C test drive...Hint, made a reservation...Feel free to Wikipedia or Google the automotive savant ;)
What... no link?
 

Officespaced

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Not true. Elio has a book value in orders of roughly $460 million against $130 million in current liabilities and a $186 million loan. The ATVM loan is fully secured by real orders. Proving that is why Elio went on the "letter of commitment" program. No need for any further government loans for operating capital; there will be plenty of money available as soon as the doors are open.

Hate to say "Wrong" using my best Trump voice, but you're incorrect. If Elio did not need "further government loans for operating capital" we'd have Elios running off the assembly line now, and not suffer through yet another delay. As of the 11/18/16, they had $100K in cash for operating capital. That's a far cry from the $185+ million they need to turn on the switch for the manufacturing line.. Future orders are not cash not in hand. They do not have enough funds to complete the final engineering steps, custom manufacturing tooling, nor to open up the retail shops. All of that takes a lot of capital. It takes money to make money.

Elio is not Tesla. Paul is not a multi-billionaire to float the launch like Elon did, nor does he have the over-the-top personality to get investors.
 
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