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Overstock Investment

Discussion in 'General Elio Discussion' started by Gregw, May 14, 2018.

  1. Gregw

    Gregw Elio Aficionado

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    I don't know anything about the financing mechanism that Elio is going after, but assuming that Overstock does. Why would they invest any amount of money if they weren't confident that mechanism wasn't viable?
     
  2. Rob Croson

    Rob Croson Elio Addict

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    * Speculation
    * An attempt to leverage Elio and their customer base to further their cryptocurrency/secured token offering, whihc may not depend on the success of the Elio. i.e. use it as a technology test bed with a pre-existing interest base
    * A way to buy an interest in the company, and maybe secure some hold on the design

    An investment doens't necessarily mean faith in the company. It means that Overstock can see some way in which the investment will likely generate them some profit. We hope that means they see a future in the production of the vehicle. But it doesn't have to be that.
     

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