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

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

This Is Promising

airforceguy6

Elio Addict
Joined
Aug 21, 2015
Messages
187
Reaction score
306
Location
California
Did anyone else get a chance to watch the Live broadcast of the House Commerce Committee today? The local news station KSLA 12 had a live link (below) that streamed the live event. It was very interesting to see all the hands in the old GM Plant, and how it has been handled so far and future plans for the plant (to include of course Elio Motors).

I did get upset however after watching about an hour and a half Paul Elio finally got to speak to the board, which he started laying out the progress they have made in the last year. He was going to then go into problems they ran into, and the fixes they made...but the video cut out! Anyone catch the show or run into this problem?

http://www.ksla.com/story/33479679/...wmakers-in-town-to-ask-why?clienttype=generic
 

Rob Croson

Elio Addict
Joined
Apr 28, 2015
Messages
1,384
Reaction score
2,278
Location
Ohio
Not really much detail there for the layman. I guess it means more to people in the financial sector.

Also, I think this article got posted on the wrong board. Should probably be moved to the News section.
 

BaldGuy

Elio Addict
Joined
Sep 22, 2014
Messages
651
Reaction score
1,069
Location
Morgantown, wv
Things definitely got intense there. But glad Paul went in person to deal with it. Took some guts.

I really do think he wants to get the car to production, its just regulation A wasn't enough money and nobody seems to want to fund the 300 million more needed.
 

airforceguy6

Elio Addict
Joined
Aug 21, 2015
Messages
187
Reaction score
306
Location
California
I wonder what 300 million will cost ELIO in cash and control through the private markets.
Would rather see the ATVM go through.
I am with you Booboo, I'd love to see the ATVM loan go through as I think it would be a better financial choice for Elio Motors in the long term. However, I was excited to hear that a large commercial financial institutions like Oppenheimer & Co. Inc. and Northland Capital Markets are offering that capital that Elio Motors needs to start production.

While the ATVM option would be good choice for Elio, the dragged out red tape and politics of the process is hurting Elio's image and production chances. I believe if the terms with these financial organizations are with the norm and acceptable, Elio should take that option instead of continuing to hold production waiting for the DOE to move on it.
 

airforceguy6

Elio Addict
Joined
Aug 21, 2015
Messages
187
Reaction score
306
Location
California
If anyone wants to watch the entire House Committee Meeting, the full uncut meeting is available here in two parts:

http://www.ksla.com/clip/12852817/r...ee-questions-why-ex-gm-plant-still-empty-pt-1

http://www.ksla.com/clip/12852773/r...ee-questions-why-ex-gm-plant-still-empty-pt-2

One thing to mention, KSLA did a short summary story of the event yesterday on their evening news. But towards the end they mentioned that they would be airing a story the following day (27Oct) with additional details of the entire story, to include an interview with a loyal Elio Supporter :D
 

Ekh

Elio Addict
Joined
May 2, 2014
Messages
3,794
Reaction score
9,525
Location
Loveland OH
This isn't the first time Elio has teamed with a private placement specialist. Maybe this time it will work! But I fear that the ATVM loan really is the key to success -- if it comes through, others will jump on line. I wonder if Paul's willing to entertain, say, Saudi money?
 
Top Bottom