Something’s Gotta Give.....

[Ty]

So you think the New England Patriots should have quit playing at the end of the third quarter.
Quarter 4

New England engineered another scoring drive to open the final period, but a pair of sacks in the red zone forced the Patriots to settle for a 33-yard field goal. The points would prove necessary, but it left the team needing two touchdowns and two two-point conversions.

Atlanta 28, New England 12

In the most improbable of games, the Patriots had come back to make history.

New England 34, Atlanta 28

Some would say that Atlanta quit playing, but my point is you don't quit playing before the game is over.

Yeah... You tell 'em!!!

 

[LillyMayPatterson #1685 & #5648]

STILL...
1. There is still an ElioMotors website.
2. There is still a Momentum and 3Wheeling blog each week.
3. There still has not been any towel thrown in by Paul or ElioMotors.

Heads up. Today is Wednesday. No number 2 yet. Something IS UP.

 

[Sailor Dog]

"The OTC-QX is a different matter. In order to qualify there is a minimum share price requirement and also a "non-penny stock" requirement -

1. Have a bid price of $5 or more; or
2. Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
3. Have average revenue of at least $6,000,000 for the last three years."

And about the "tiers:"


Distressed Tier
This tier is not for the faint of heart. Companies falling in this tier will all be listed under:

• Limited Information: These are companies that fit one of the following criteria:
  • They have information that is available to the general public but is older than six months and does not usually conform to the pink sheets OTC-market guidelines.
  • These companies could also have filed with the SEC but have not updated their information.
  • You will also see companies here if they have filed information with the OTC Disclosure and News Service. They must have, at a minimum, a balance sheet, income statement and shares outstanding within the last six months.
  • Companies that have gone bankrupt will also appear on this list. These newly bankrupt companies are required to file information with the OTC Disclosure and News Service promptly.

Read more: The Over-The-Counter Market: An Introduction To Pink Sheets https://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp#ixzz4zqEUedNB
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$5 is the minimum share price for initial listing on OTCQX. Ongoing is $1. Or 10 cents if not OTCQX Premier. ELIO is fully qualified.

 

[Samalross]

$5 is the minimum share price for initial listing on OTCQX. Ongoing is $1. Or 10 cents if not OTCQX Premier. ELIO is fully qualified.

They are okay on #1 but not on 2 and 3.

 

[Sailor Dog]

They are okay on #1 but not on 2 and 3.

If by 2. tangible assets & 3. revenue is what you meant, that is initial requirements as well. Ongoing requirements, basically, just that you are not in bankruptcy. ELIO easily meets OTCQX requirements.

 

[Samalross]

If by 2. tangible assets & 3. revenue is what you meant, that is initial requirements as well. Ongoing requirements, basically, just that you are not in bankruptcy. ELIO easily meets OTCQX requirements.

They failed by not reporting 3rd quarter. OTCQX Rule 3.1 L

 

[Watashiwah]

They failed by not reporting 3rd quarter. OTCQX Rule 3.1 L

This may be the most important thing that EM didn’t do.

 

[Samalross]

This may be the most important thing that EM didn’t do.

I agree. It is no secret that they are in bad financial shape. Not releasing the report made no sense, just sent up a red flag.

 

[Sailor Dog]

They failed by not reporting 3rd quarter. OTCQX Rule 3.1 L

This may be the most important thing that EM didn’t do.

Because...under Reg A+ Tier 1 ELIO is not required to file a quarterly report.

 

[Sailor Dog]

I agree. It is no secret that they are in bad financial shape. Not releasing the report made no sense, just sent up a red flag.

Not over reporting financials sends up a red flag? Or just redirected to the task at hand... funding. Bad financial shape... funding in process...will be raining $100,000,000+ just when we explode from impatience!