- Jun 9, 2016
- Reaction score
- Jelly Stone Park, CA
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.