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This Is Promising

booboo

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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.

The Banksters and Gangsters are not offering a loan, as far as I know they are offering their services. I agree it is good to see this though.
If they can show private capital investment interest, that should be a big plus for an ATVM .
You never know, maybe the Banksters will find Elio an Angel. 300 million is only 1/3 of a billion. Pittance.
 

booboo

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Correct...Oppenheimer & Co. and Northland will collect large consulting fee's...and have no obligation to ever successfully deliver any venture capital partners...
Fees are usually negotiable, can be paid by either the investor, or the investee, or both. Also, other high finance crazy illuminati stuff you do not know about unless you are one.
 
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KD

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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?

Hmmm, Saudi money eh? In a round about fashion, that would be like the US laundering money through the Saudi's to finance the Elio. US$300M is a mere pittance in what our government supplies them with military aid, humanitarian aid, plus whatever other cash falls out of the back of an airplane or two.

Interesting, EKH, very interesting indeed...
 
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Ekh

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erh... what about the ATVM loan?
It's the elephant in the room. Elio is still trying to get their 65,000 reservations and X number of commitments before approaching DOE with "proof of demand". I look for that by year end, unless something drastic happens first. But the clock is definitely running -- EM is obviously short of funds (again) or they'd have the rest of the E-cars built and in testing, and the remainder under construction. Production start is now 4th quarter 2017 (as per their 7/29 filing with the SEC), so don't hold your breath til your Elio's in the driveway.

Of course, should the money gates open, that could speed up. Without the ATVM loan, it's going to take a lot longer.
 

voyager

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Of course, should the money gates open, that could speed up. Without the ATVM loan, it's going to take a lot longer.

LA State Rep. Cedric Glover expressed his doubts in a severe manner the day before yesterday: “You have had eight years to give birth to this baby,” Glover told Elio. “Your idea, your concept, your vision should not come at the expense of a multi-billion dollar facility that could cost this city thousands of jobs.” http://www.shreveporttimes.com/stor...ives-demand-answers-gm-plant-delays/92728208/

Let's have the ATVM loan, shall we?
 
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