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Discussion in 'Elio Stock Discussion' started by bunchathrees, Jul 28, 2016.
I thought it might be useful to have a dedicated thread for info on SEC filings.
Here is the latest Form 10 filing. It has Y/Y and Q/Q info and it details the risk factors involved with this enterprise.
In addition to the 58,824 shares issued to Stuart Lichter in exchange for a $5M guarantee to Paypal to allow the release of $4M in held-back cash, $63,000 shares were issued at $17.00 for a total of $1,071,000.
Some of the convertible debt has been converted into shares as well.
There is a Form 10 seen at http://ir.eliomotors.com/all-sec-filings/content/0001214659-16-012757/0001214659-16-012757.pdf
There is a Form 10-12B seen at http://pdf.secdatabase.com/141/0001214659-16-012757.pdf
Form 10-12B appears to be the same as Form 10 but with another coversheet added to the front.
Physics is simpler than finance.
IF Elio manages to build all the reserved Elios in their first year of production, Elio will be the number 20 auto manufacturer in the US by sales. Well, at least as far as sales in 2014 are concerned anyway. SMART, for comparison, sold just 3,285 vehicles and Mini managed only 13,047 even though those little things are a blast to drive! Here's the somewhat readable list.