The Importance Of A Clear Direction

[CrimsonEclipse]

Hot lingerie models waxing a P5 in their jeweled panties and bras?
Hope they don't scratch the paint.

The budget is tight, so no jeweled and panties...

 

[Trusting]

It's not the Elio? I was hoping to see Paul Elio with fashion models in the next Elio tv ad.

I'm available....

 

[BADBOY]

I was reflecting this morning on some of the similarities between the Fiero and the Elio.

Like my future Elio, I was excited about the concept of a 2 seat, mid-engine, american made car and ordered a Fiero sight unseen. The Fiero was the first new car I purchased and I really didn't know what to expect. I had ambitions of it being a sporty little car that would be better than the old fuddy duddy cars my dad bought and better than the clunkers I had been previously relegated to driving due to my economic situation at the time. I was ignorant of the issues that existed in Pontiac that ultimately led to the Fiero's demise.

Pontiac struggled with the Fiero's identity and really didn't have a clear and consistent direction for it. Some circles wanted it to be a competitor to the corvette while other circles wanted it to be an economy car. The Fiero came to market as an economy car but continued to struggle with its identity and progressively moved toward the performance market until its demise. Although I liked my Fiero, the reality is that I believe it failed due to its inability to determine what it should be. As it progressed toward a performance vehicle it became too expensive and failed as an economy vehicle. As a performance vehicle it carried the baggage from its original economy car concepts and with its end price it was no longer competitive in the market place.

EM is different from Pontiac. EM has been ever vigilant in trying to keep the elio affordable with good mileage and be a truly economical vehicle. The elio fans are however a lot like Pontiac. Many fans want the economy vehicle that EM is trying to produce while many other fans want the elio to be a performance vehicle with turbo/super chargers; still others can't conceive of a vehicle without all the amenities of vehicles that cost 5x or more than what EM is targeting for the elio.

I believe EM is listening to those that want more and that they will look to addressing the performance and luxury markets once the first elio is a success. In the meantime, I appreciate the fact that they remain true to their vision and that they will ultimately succeed because they know what they want to build and they know that there is a huge market for it.

General motors in those days would have a hit with a car then try to spread concept over each area. You had Fiero, Firebird and TransAm competing within GM with Camaro and Corvette. They had Buick and Olds trying to cut a piece of that pie. I also loved my 1984 Fiero and have mentioned I hope to get similar looks and comments on my Elio. Do you remember the raves the seats with speakers in them received? They were being stolen like crazy but only fit Fieros so I did not get that. Also the Elio customers can add what they want without doing much but bringing more profits to company. Other car dealers get a percentage of profits on options.

 

[Jim G]

Per the SEC filing:

//The net proceeds of this offering will be used primarily to fund the effort for the next stage of our development plan, which is to build and analyze 25 prototype test vehicles. The prototype test vehicles will be used in rigorous experiments for safety and performance, among other things. This stage is anticipated to take four to six months.

***

Engineering and Development, to Date; Prototype Build and Design Validation. Our development process of the Elio comprises five stages: Concept Design, Engineering Analysis, Detailed Design, Prototype Build and Validation Testing. As of the date of this offering circular, we have made considerable progress through the first three stages of the vehicle’s development. Virtually all of the component design and engineering work has been completed on the Elio. The next stage of vehicle engineering and development process is prototype build, vehicle test and engineering validation stage. The primary use of proceeds for this financing round is to fund this stage. Through this process, the vehicle safety characteristics, the gasoline efficiency and the cost of manufacturing the vehicle will be confirmed.

Technosports Creative is the Livonia, Michigan-based prototype maker that is partnering with us to build 25 Elio prototypes and certain other manufactured parts used in the engineering and safety testing process. Technosports will build prototypes using a combination of fabricated and soft-tooled and off-the-shelf components provided by the Elio suppliers. Supplier components will take six to eight weeks from engineering drawing release. Computer-aided design models or physical hardware are in place for over 90% of all non-off-the-shelf components. Once the components are available, the actual vehicle builds will likely take four to six weeks. The vehicles will be built on a pilot manufacturing line to simulate the production build. During the prototype build process, issues will be tracked and reported back to the component and vehicle engineering teams to be addressed.

The following tests are planned for the 25 prototypes, with some vehicles to be used for multiple tests:

1) Underhood thermal & HVAC testing – 4 vehicles
2) Electrical – 12 vehicles
3) General inspection – all vehicles
4) Serviceability – 1 vehicle
5) Powertrain (to include altitude testing, emission certification, engine/transmission development & calibration, economy and software development & verification) – 9 vehicles
6) Interior – 4 vehicles
7) Noise, vibration & harness – 4 vehicles
8) Steering – 1 vehicle
9) Ride & handling (to include vehicle turning, objective measurements, NHTSA Fish Hook, tire wear and electronic stability) – 6 vehicles
10)Performance (to include engine/transmission shift validation, 0-60 mph, hill climb, cold temperature start-up and drivability and maximum speed) – 1 vehicle
11) Fuel systems – 1 vehicle
12) Brakes – 4 vehicles
13) Body systems – 12 vehicles
14) Durability – 7 vehicles
15) Safety tests – 8 vehicles//

Direction seems pretty clear to me....

Additionally, the market has validated the venture to the tune of over $17M in share sales....

Yes, this story has taken substantially longer to get to this phase than I would have liked -- or expected -- when I made my $1K reservation deposit back in August 2013, but presume everyone appreciates that this has always been -- and continues to be -- a high-risk investment.

 

[RUCRAYZE]

Per the SEC filing:

//The net proceeds of this offering will be used primarily to fund the effort for the next stage of our development plan, which is to build and analyze 25 prototype test vehicles. The prototype test vehicles will be used in rigorous experiments for safety and performance, among other things. This stage is anticipated to take four to six months.

***

Engineering and Development, to Date; Prototype Build and Design Validation. Our development process of the Elio comprises five stages: Concept Design, Engineering Analysis, Detailed Design, Prototype Build and Validation Testing. As of the date of this offering circular, we have made considerable progress through the first three stages of the vehicle’s development. Virtually all of the component design and engineering work has been completed on the Elio. The next stage of vehicle engineering and development process is prototype build, vehicle test and engineering validation stage. The primary use of proceeds for this financing round is to fund this stage. Through this process, the vehicle safety characteristics, the gasoline efficiency and the cost of manufacturing the vehicle will be confirmed.

Technosports Creative is the Livonia, Michigan-based prototype maker that is partnering with us to build 25 Elio prototypes and certain other manufactured parts used in the engineering and safety testing process. Technosports will build prototypes using a combination of fabricated and soft-tooled and off-the-shelf components provided by the Elio suppliers. Supplier components will take six to eight weeks from engineering drawing release. Computer-aided design models or physical hardware are in place for over 90% of all non-off-the-shelf components. Once the components are available, the actual vehicle builds will likely take four to six weeks. The vehicles will be built on a pilot manufacturing line to simulate the production build. During the prototype build process, issues will be tracked and reported back to the component and vehicle engineering teams to be addressed.

The following tests are planned for the 25 prototypes, with some vehicles to be used for multiple tests:

1) Underhood thermal & HVAC testing – 4 vehicles
2) Electrical – 12 vehicles
3) General inspection – all vehicles
4) Serviceability – 1 vehicle
5) Powertrain (to include altitude testing, emission certification, engine/transmission development & calibration, economy and software development & verification) – 9 vehicles
6) Interior – 4 vehicles
7) Noise, vibration & harness – 4 vehicles
8) Steering – 1 vehicle
9) Ride & handling (to include vehicle turning, objective measurements, NHTSA Fish Hook, tire wear and electronic stability) – 6 vehicles
10)Performance (to include engine/transmission shift validation, 0-60 mph, hill climb, cold temperature start-up and drivability and maximum speed) – 1 vehicle
11) Fuel systems – 1 vehicle
12) Brakes – 4 vehicles
13) Body systems – 12 vehicles
14) Durability – 7 vehicles
15) Safety tests – 8 vehicles//

Direction seems pretty clear to me....

Additionally, the market has validated the venture to the tune of over $17M in share sales....

Yes, this story has taken substantially longer to get to this phase than I would have liked -- or expected -- when I made my $1K reservation deposit back in August 2013, but presume everyone appreciates that this has always been -- and continues to be -- a high-risk investment.

Welcome from the Evergreen State (formally from Delray Beach), you've hit the ground running, thanks for your post

 

[Rickb]

Per the SEC filing:

//The net proceeds of this offering will be used primarily to fund the effort for the next stage of our development plan, which is to build and analyze 25 prototype test vehicles. The prototype test vehicles will be used in rigorous experiments for safety and performance, among other things. This stage is anticipated to take four to six months.

***

Engineering and Development, to Date; Prototype Build and Design Validation. Our development process of the Elio comprises five stages: Concept Design, Engineering Analysis, Detailed Design, Prototype Build and Validation Testing. As of the date of this offering circular, we have made considerable progress through the first three stages of the vehicle’s development. Virtually all of the component design and engineering work has been completed on the Elio. The next stage of vehicle engineering and development process is prototype build, vehicle test and engineering validation stage. The primary use of proceeds for this financing round is to fund this stage. Through this process, the vehicle safety characteristics, the gasoline efficiency and the cost of manufacturing the vehicle will be confirmed.

Technosports Creative is the Livonia, Michigan-based prototype maker that is partnering with us to build 25 Elio prototypes and certain other manufactured parts used in the engineering and safety testing process. Technosports will build prototypes using a combination of fabricated and soft-tooled and off-the-shelf components provided by the Elio suppliers. Supplier components will take six to eight weeks from engineering drawing release. Computer-aided design models or physical hardware are in place for over 90% of all non-off-the-shelf components. Once the components are available, the actual vehicle builds will likely take four to six weeks. The vehicles will be built on a pilot manufacturing line to simulate the production build. During the prototype build process, issues will be tracked and reported back to the component and vehicle engineering teams to be addressed.

The following tests are planned for the 25 prototypes, with some vehicles to be used for multiple tests:

1) Underhood thermal & HVAC testing – 4 vehicles
2) Electrical – 12 vehicles
3) General inspection – all vehicles
4) Serviceability – 1 vehicle
5) Powertrain (to include altitude testing, emission certification, engine/transmission development & calibration, economy and software development & verification) – 9 vehicles
6) Interior – 4 vehicles
7) Noise, vibration & harness – 4 vehicles
8) Steering – 1 vehicle
9) Ride & handling (to include vehicle turning, objective measurements, NHTSA Fish Hook, tire wear and electronic stability) – 6 vehicles
10)Performance (to include engine/transmission shift validation, 0-60 mph, hill climb, cold temperature start-up and drivability and maximum speed) – 1 vehicle
11) Fuel systems – 1 vehicle
12) Brakes – 4 vehicles
13) Body systems – 12 vehicles
14) Durability – 7 vehicles
15) Safety tests – 8 vehicles//

Direction seems pretty clear to me....

Additionally, the market has validated the venture to the tune of over $17M in share sales....

Yes, this story has taken substantially longer to get to this phase than I would have liked -- or expected -- when I made my $1K reservation deposit back in August 2013, but presume everyone appreciates that this has always been -- and continues to be -- a high-risk investment.

The direction is clearly stated in the SEC Filing, as Is the detailed outline of the 15 month production schedule to the March 2017 production. So we are clearly good to go for March 2017.

The good news is Paul Elio continues to say that he is on track for the Q4 2016 production schedule. Reservationists that have full faith in Paul Elio should be comforted to know that he is actually ahead of his SEC filed 2017 production schedule.

It's taken a little longer than I expected too, having followed the Elio's development since 2008. The Hello Elio Story you mention is finally getting close to the ending.

 

[Rickb]

I'm available....

Are you a fashion model?

 

[Aprilia]

Per the SEC filing:

//The net proceeds of this offering will be used primarily to fund the effort for the next stage of our development plan, which is to build and analyze 25 prototype test vehicles. The prototype test vehicles will be used in rigorous experiments for safety and performance, among other things. This stage is anticipated to take four to six months.

***

Engineering and Development, to Date; Prototype Build and Design Validation. Our development process of the Elio comprises five stages: Concept Design, Engineering Analysis, Detailed Design, Prototype Build and Validation Testing. As of the date of this offering circular, we have made considerable progress through the first three stages of the vehicle’s development. Virtually all of the component design and engineering work has been completed on the Elio. The next stage of vehicle engineering and development process is prototype build, vehicle test and engineering validation stage. The primary use of proceeds for this financing round is to fund this stage. Through this process, the vehicle safety characteristics, the gasoline efficiency and the cost of manufacturing the vehicle will be confirmed.

Technosports Creative is the Livonia, Michigan-based prototype maker that is partnering with us to build 25 Elio prototypes and certain other manufactured parts used in the engineering and safety testing process. Technosports will build prototypes using a combination of fabricated and soft-tooled and off-the-shelf components provided by the Elio suppliers. Supplier components will take six to eight weeks from engineering drawing release. Computer-aided design models or physical hardware are in place for over 90% of all non-off-the-shelf components. Once the components are available, the actual vehicle builds will likely take four to six weeks. The vehicles will be built on a pilot manufacturing line to simulate the production build. During the prototype build process, issues will be tracked and reported back to the component and vehicle engineering teams to be addressed.

The following tests are planned for the 25 prototypes, with some vehicles to be used for multiple tests:

1) Underhood thermal & HVAC testing – 4 vehicles
2) Electrical – 12 vehicles
3) General inspection – all vehicles
4) Serviceability – 1 vehicle
5) Powertrain (to include altitude testing, emission certification, engine/transmission development & calibration, economy and software development & verification) – 9 vehicles
6) Interior – 4 vehicles
7) Noise, vibration & harness – 4 vehicles
8) Steering – 1 vehicle
9) Ride & handling (to include vehicle turning, objective measurements, NHTSA Fish Hook, tire wear and electronic stability) – 6 vehicles
10)Performance (to include engine/transmission shift validation, 0-60 mph, hill climb, cold temperature start-up and drivability and maximum speed) – 1 vehicle
11) Fuel systems – 1 vehicle
12) Brakes – 4 vehicles
13) Body systems – 12 vehicles
14) Durability – 7 vehicles
15) Safety tests – 8 vehicles//

The fact that Elio is now a public company after the Reg A + filing...means that have a fiduciary responsibility to keep their shareholders updated with E build progress reports...

 

[RUCRAYZE]

The fact that Elio is now a public company after the Reg A + filing...means that have a fiduciary responsibility to keep their shareholders updated with E build progress reports...

Isn't that shared in the Annual report? I'm not a stock broker, nor do I play one on TV, so I pose it as a question

 

[Aprilia]

Isn't that shared in the Annual report? I'm not a stock broker, nor do I play one on TV, so I pose it as a question

All public companies offer quarterly reports...Elio Motors will now follow the same protocol...10-Q for each of the first three quarters...and 10-K annual report with an audited financial statement...

There are also 8-K reports sent to the SEC to report major events that the shareholder's should know about...the filing of a 8-K usually foreshadows a large change in company leadership & vision...

A certainly level of transparency is required once a company goes public...Paul is now playing with a new set of rules & regulations...every 90 days you will know the the progress Elio Motors is making to bring their vehicle to market...

All these documents will be avaible on the EDGAR website...

http://www.sec.gov/edgar/searchedgar/companysearch.html