I think he and Stu and just working more like business partners. He has to give up some ownership and power to get this done.
The recent SEC fillings intricate Stu continues to add extremely onerous financial requirements on Elio Motors...
Not a pretty picture for Paul at this point...
If Elio Motors is unable to raise the capital that Stu is requesting in a timely manner...Paul will be forced out...and will give up the name Elio Motors...
With the updated July 1,2017 agreement...Stu is very close to assuming complete control of Paul's destiny...
One can assume that Stu is attempting to protect himself if bankruptcy occurs...
I don't think the term "friendly business partners" is in the cards anymore...
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