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Sec Filings

Discussion in 'Elio Stock Discussion' started by bunchathrees, Jul 28, 2016.

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  1. bunchathrees

    bunchathrees Elio Addict

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    I thought it might be useful to have a dedicated thread for info on SEC filings.
     
  2. bunchathrees

    bunchathrees Elio Addict

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    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.

    Notables:
    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.

    https://www.bamsec.com/filing/121465916012757?cik=1531266
     
  3. Ekh

    Ekh Elio Addict

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    Thanks
     
  4. pistonboy

    pistonboy Elio Addict

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    L0gic, acamara and Marshall like this.
  5. Ty

    Ty Elio Addict

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    Little observation...
    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.



    2014 Sales.JPG
     
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  6. HonestTex

    HonestTex Elio Addict

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    Anyone know when the next required filing will be?
     
  7. Coss

    Coss Moderator Staff Member Moderator

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    Well if that was year end, and they have to file quarterly, around the end of March sounds about right.
     
  8. slinches

    slinches Elio Addict

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    I just read through some information on the Reg A+ Tier 2 reporting requirements and it seems that they are only required to report on a semi-annual basis. The Q3 1-U quarterly report filed last November was optional. The next scheduled filing is a 1-K annual report due around the end of April.

    There's also a "Current Events" reporting requirement that mandates an additional 1-U statement within 4 days of the event if any of the following events occur:

    - Fundamental changes in the nature of the business
    - Bankruptcy or receivership
    - Material modification of the rights of security holders
    - Changes in the certifying accountant of the issuer
    - Non-reliance on previous financial statements or a related audit report or completed interim review
    - Changes in control of the issuer
    - Departures of the principal executive officer, principal financial officer or principal accounting officer
    - Unregistered sales of 10 percent or more of outstanding equity securities

    So we should hear in short order if there's major news about the success of the company.
     
    Last edited: Mar 14, 2017
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  9. Sailor Dog

    Sailor Dog Elio Addict

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    :drum:... The moment of truth is at hand...Big news within 3 days... Uncharacteristically quiet everywhere...Go ELIO...
     
    Last edited: Mar 14, 2017
  10. Karg

    Karg Elio Addict

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    My guess would be they are going underwater, splash...glub, glub, glub.
     

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