From the bottom of page 26 of Elio Motors most recent SEC filing...
In consideration for the July 1, 2017 agreement, the Company assigned as additional collateral all trademarks and trade names including, but not limited to, "Elio Design" and "Elio Motors".
It appears RACERS Trust now holds the names "Elio Design" & "Elio Motors" as collateral for unpaid debt...
In my opinion...this foreshadows that Paul may be losing control of Elio Motors...
In consideration for the July 1, 2017 agreement, the Company assigned as additional collateral all trademarks and trade names including, but not limited to, "Elio Design" and "Elio Motors".
It appears RACERS Trust now holds the names "Elio Design" & "Elio Motors" as collateral for unpaid debt...
In my opinion...this foreshadows that Paul may be losing control of Elio Motors...
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