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Discussion in 'General Elio Discussion' started by Trusting, Jun 7, 2018.
STOs are purportedly regulated almost as much as stocks.
I agree. What I think that companies are doing that want to do an STO are looking at it as the new way of doing something and thus people spend money on it without looking into the details. Then when a bunch of people get burned, people wise up. Sometimes you need to get on the bandwagon early and you can do well. Sooner or later it stops and everyone that got in just before it does, are the ones that learn the hard way.[/QUOTE]
I think you're right. I've never believed Elio would have a problem selling the cars if they could get to production near their target price. If they are still trying to whittle down the price per vehicle, any reservations which are/were locked in become loss leaders for a company which can't afford them.
IF they have a compelling options list when they get to making them, I doubt they will be losing any money with reservationist.
Plus you can add options later. If you want the different front fenders, you can get them 6 months after purchase. That's another way for Elio to make some money. The only issue could be the aftermarket because they will be all over that car right after it comes out.
I suspect from what reading I've been doing that the coin system is to prevent common folks like us from having a vote on coorporate matters and also to prevent hostile take overs. I may be reading too much into this but they (Elio and others speculating with similar plans) make it clear that while ownership of coins can will usually be a right to company assets that no voting power is granted with them.
In that respect coins are more like bonds or IOUs.
If I am close to correct then I can finally see some of the reasons why coins could take off in the future. I was a stock holder in Take Two Interactive when Electronic Arts tried to buy them. To prevent the hostile take over stock holders like myself had to refuse a large payout from EA and some purchases extra stock to keep it out of EAs hands. I won't go into details about it unless someone wants to know but hostile takeovers can exist. Right now any company that doesn't have more than 50% of it's stocks owned by a single person can in theory be bought out against their will.
I would think that Pep Boys would benefit from all this the most. We would go to them for service and I still speculate Pep Boys will sell or at least allow delivery of the vehicles.
I was actually wondering how to change the oil in the Elio. Currently I have my vehicles put on a lift. That requires 4 wheels. Pep Boys will obviously find a way but I doubt it will be just driving it up onto a set of ramps or crawling under the thing.
On an unrelated note I still dream of taking the back seat out and putting a hybrid power train from something like golf cart or similar city vehicle. Regenerative braking and an extra power boost would have to be fun.
edit- let me add that I have never been to a Pep Boys despite having one not too far away. I can't be alone in this. I think if this gets started for real Pep Boys may really get involved and help push it the last stretch.
Pep Boys has baled me out of a few fixes. I think I even bought tires there once. But, I break down a lot because I drive old cars. I don't plan on using them for oil changes and scheduled stuff. I got a trusted mechanic with two teenagers heading for college for that. B&M Automotive 2701 W. Market St., Warren, OHIO 234-600-5859
Still do my own oil changes with a topside oil extractor......still have to crawl under for the filter though.
Hmm mine is the opposite, the oil filter is on top, and to continue with the odd ball, it's not a screw on, it's a cartridge in a casing.
Leave it to Dodge to stay old school.
Plus, it's 6 qts. not the normal 5 with filter.
It's a strange setup, but it works, and when something works, don't change it.
That's the best reason I can come up with.