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Discussion in 'Elio Stock Discussion' started by Ekh, Feb 20, 2016.
Should be an interesting ten weeks. I believe that they have to release report by April 30
It will be because in 42 days, Elio is targeting to win that case against Louisiana. Then investors will feel empowered to potentially release funds for continuation of development. At this point, their hands are tied but they do have the utmost confidence that in a future date the expected goals will be met. This will allow a more robust timeline that experience shows we can get the car into the hands of our reservation holders as quick as possible.
I don't think that the court case is a big deal to investors. The trial date will probably get postponed.
You need to learn how to use weasel words and phrases. Then you can be just like Elio with their forward looking statements which say literally nothing but designed to seem like they are.
What you should have said was:
As you can see, I pretty much said nothing but led you to believe that the case is no big deal to investors and will be delayed along with a solution that shows it was no big deal to begin with.
Can you provide the link for this probable postponement?
Just my opinion. It seems that most cases involve one side or both asking for a postponement. I think that it is one way of padding the legal bill.
He doesn't need to because he was using a forward looking statement just like Elio does.
What is in bold type is where he does not need to provide any proof at all. You are just assuming that what he says is fact but just like with Elio, if you use the correct weasel words and phrases, it's just him looking into his crystal ball.
Another example from Fridays Blog:
There is no standard mentioned, so the Elio is technically a motorcycle and one would look at the motorcycle safety standards and notice that it's above an beyond what is required. As for an automobile, we look at this line:
No mention of an automobile at all but one is most likely to assume that 4 wheeled vehicle on the road is an automobile. In the end, there are two dots that Elio put out there. When you connect those two dots, everything is fine but if you take it as fact that the Elio is as safe as a car, you are technically wrong. You assumed it is but Elio never said it was. This is the SEC muzzle everyone talks about. You cannot make claims you can't back up but you can throw the dots out there and let people assume what they want.
For the original quote, it's think (which is an opinion) and probably will (which is another opinion). In the end, the poster was just giving an opinion or prediction and not a fact. Just like Elio has been doing for years. If you call the poster out on a link, then you need to do the same for the Elio blogs too.
I would consider the safety standard link would be to the state & pending federal autocycle legislation and ELIO has basically crafted that and the safety standards that are part of it.
So, you pretty much said nothing but it sounded good. In the end, it's an assumption on an assumption on something that might happen. When I look up autocycle (which Elio does not reference at all) it's quite confusing and at this point it's a state by state safety requirement. As for an automobile, I know that I can drive my current car in all 50 states without anything special at all. I could assume the Elio is the same way, but according to the SEC, I'd be wrong. Just like the tax code changes. If I practiced the pending ones 12 months ago I'd be in big trouble with the IRS today.
I've seen the language in the NHTSA regulations many times, but can't find it at the moment.
However, I did find this from SEMA: https://www.sema.org/files/attachments/g...k=26613749
"At the federal level, automobiles and auto parts are
regulated by two agencies, the National Highway Traffic
Safety Administration (NHTSA) and the U.S. Environmental
Protection Agency (EPA). NHTSA oversees vehicle safety
issues. Vehicle emissions are regulated by the EPA. States
and local jurisdictions are permitted to establish their own
safety laws and regulations as long as they do not conflict
with a federal standard."
"States and local jurisdictions are free to enact equipment
regulations that are identical to NHTSA standards or, in the
absence of a federal rule, establish their own laws and
regulations. Frequent examples of separate state or local
standards are laws covering auxiliary lighting equipment
such as fog lamps, sound levels for exhaust and stereo
systems, bumper/frame height restrictions and window-
tinting transmittance parameters."
What all that means is that the States cannot require vehicle standards that conflict with the standards set by the NHTSA.
The NHTSA currently classifies the Elio as a motorcycle and sets almost all the equipment and configuration requirements.
The only things the state "autocycle" designations affect Is operator license/endorsement and/or helmet requirements.
And that's only because there are no federal standards set for those.
A 3-wheeler still has a federal classification as motorcycle and is subject to those requirements.
The states can "classify" the Elio as anything they want. They can call it a hot dog or big mac for that matter.
BUT... the states cannot set standards that conflict with the federal (MC) standards. Period. That is a specific federal law.
Which means that, if you look it up, none of the state "autocycle" laws require things like air bags and ABS.
The state laws cannot legally require those things on a 3-wheeler (MC) until the Federal standards do.