Nasdaq Listing Requirements...tough Set Of Standards...

[Rickb]

There are many different routes a company can take to get listed on NASDAQ. Not all of those routes involve strong revenues and profits. Many companies are just starting and trying to raise capital. Look at any small biotech company on the NASDAQ and you'll see they lose money year after year after year. At least Elio looks better than some of these biotech companies. Elio has 65,000 "patients" that want their product.

Elio will probably list under under "assets with equity", "market value standard, "equity standard", or "market value of listed securities standard". See link for all the details:

http://business.nasdaq.com/media/Nasdaq Initial Listing Guide_tcm5044-13919.pdf

Yes, and EM was aware of the different routes and focusing on the one they felt most likely qualified for when they made the statement.

The small biotech companies you mention likely aren't losing money, just not showing a profit. They have a continuous flow of revenue much of which goes back into the business for market expansion while continuing to meet the NASDAQ financial and as, or more, importantly the liquidity requirements.

EM's initial Reg A+ IPO is a prime example of a startup successfully raising $16Million of funding, $12Million of that earmarked specifically for the completion of the 25 prototypes and testing, a process that would take 4-6 months upon securing the funds.

 

[4matic]

EM's initial Reg A+ IPO is a prime example of a startup successfully raising $16Million of funding, $12Million of that earmarked specifically for the completion of the 25 prototypes and testing, a process that would take 4-6 months upon securing the funds.

Yes...$16 million raised...and $12 million of that earmarked to build & validate 25 prototypes...

But unfortunately...the 25 promised prototypes were never produced... just another empty Elio Motor promise...

It would be interesting to know where the money was actually spent...or misspent...

 

[Doug McDow]

I speculate the following two events will happen:

1. The NASDAQ stock offering will not go well
2. Sometime later, EM will announce:
   • Complete funding has been found
   • The company name and vehicle name will change

May I borrow your crystal ball!

 

[Sailor Dog]

Yes...$16 million raised...and $12 million of that earmarked to build & validate 25 prototypes...

But unfortunately...the 25 promised prototypes were never produced... just another empty Elio Motor promise...

It would be interesting to know where the money was actually spent...or misspent...

Add just 1 wheel and the major car companies require a $$$billion or more to bring a new model to market I read somewhere... no links for ya!

 

[pistonboy]

May I borrow your crystal ball!

That is why I use the word "speculate".

 

[Doug McDow]

That is why I use the word "speculate".

We all do, because no one knows what is going to happen!

 

[LillyMayPatterson #1685 & #5648]

Seen the application today. Elio applied to the NASDAQ Global Market. It's happening Guys. Either by Piston's theory or something else. It's going to work. Know it.

 

[pistonboy]

Elio Motors has smart people working for them, even if it is down to only a few.
They know what the requirements are.
I don't believe they would apply unless they felt they had a good chance of qualifying.

 

[W. WIllie]

LMP, got a link to the application?

 

[LillyMayPatterson #1685 & #5648]

I think I found it.
https://www.sec.gov/Archives/edgar/data/1531266/000156761917001564/s001747x1_s1.htm#TOC