• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

Super Special 5k All-ins!!!- What Ya Think?

Smitty901

Elio Addict
Joined
Aug 28, 2014
Messages
1,311
Reaction score
3,699
He is passing the hat to people that can afford to lose a minimum $15K investment. If those folks don't take the bait, I seriously doubt others will give EM a dime if they officially announce "broke no funding coming".
Those with that kind of money are not in the habit of just passing it out. They need to see a reasonable return on their money.
 

Ekh

Elio Addict
Joined
May 2, 2014
Messages
3,794
Reaction score
9,525
Location
Loveland OH
To hit send on 5K is no big deal. But at this point ELIO is not being forth coming enough on where they really are. I am willing to take a risk with them.
Their failure to display the engine on time, then not being really up front about what happen erodes trust. If ELIO wants others to take the risk then they need to be more up front about things. It works both ways. At this point we still have no real ideas when ELIO production will even be at a point they start getting plant lines ready.
I would be more will to hand ELIO cash if he just stood up and said we are broke no funding coming and pass the hat.
I share your feelings. But Elio is NOT broke. They have a very serious cash flow problem, but they are NOT broke -- the excess equipment does have value. and while they are having trouble liquidating it as quickly as they thought, it is still valued in the tens of millions. Not chump change.

Cash flow -- now THAT is a major problem. Negative cash flow can kill you, even if you're worth a ton. It's happened to me, with a spotty business and an upside down rental property. Strong negative cash flow = deep s***. That's where Elio is right now, and they do need money from any and all sources so they can take the next vital steps.
 

Ekh

Elio Addict
Joined
May 2, 2014
Messages
3,794
Reaction score
9,525
Location
Loveland OH
Somebody once said, "Paul's Dream is making a boatload of money on an idea and we are contributing to it, not sharing it".
Someone may have said it, but I think they're wrong as can be. Money comes way down the list of Paul Elio Motivators. You cannot have watched the man in his press conference or speeches and not seen that.
 
Top Bottom