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What Is Elio Stock Trading For Today?

Discussion in 'Elio Stock Discussion' started by Ekh, Feb 20, 2016.

  1. Travelbuzz1

    Travelbuzz1 Elio Addict

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    Your nit picking.
     
    outsydthebox likes this.
  2. Doug McDow

    Doug McDow Elio Addict

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    Sil 21508, all in $100., plus stockholder
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    I agree, stocks will go down and up, depending on the news or gossip only, until Elio's are built. Keep your chin up!
     
  3. Elio Amazed

    Elio Amazed Elio Addict

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    Right. LOL.
     
  4. airforceguy6

    airforceguy6 Elio Addict

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    This is actually a very good question...
    Has anyone actually seen the details of the lease Hyundai-Glovis America deal is working with? The reason I ask is because it depends on WHERE the company is setting up shop in the Shreveport factory to understand WHO will be receiving the "rent" from Glovis America.

    Think of the factory as a giant 3,100,000sq ft box. Elio Motors currently has leased a large area of that space for current and future operations related to Elio Motors. The remaining space is owned and can be leased out through the RACER Trust.

    So with the news that Glovis America (Hyundai subsidiary) moving into the factory, are they moving into Elio Motor's space or the remaining RACER Trust space? This idea reminded me of something that happened during the Parish LA House Commerce Committee Meeting held back in October. One of committee members directly asked Paul Elio about other companies "Sub-Leasing" the Elio Motor's spaces, and where that money would be going. Paul Elio's response was that it would be going to EM. So if Glovis America IS sub-leasing the space for it's vehicle logistics and processing center from Elio Motor's area...not only is this bringing the +150 jobs to the area, but also revenue into EM when they could really use it. Otherwise, it will go to the RACER Trust.
     
    TCBronson, Travelbuzz1 and Kuda like this.
  5. Officespaced

    Officespaced Elio Addict

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    I hope you're right. I have a invested interest in a few thousand shares.
    Well, dilution of shares is already occuring with 25K shares issued (warrant @ $20/share) as well as 531K shares of preferred stock to CH Capital Lending. They really need funding in the next five months just to get building in 2018, Paul's latest target. From Elio's own words (SEC Filings), it will take 6 months to start production in Shreveport. They have the facility and machinery to build, but the model, like all mass production models, requires specific tooling to build to start production. They've evolved that process with the E1C. The E1C was handbuilt, but using 80% of the methods needed for mass production. Still a bit of engineering to go to flip the production switch.

    The only way the Elio will be built is with a much needed financing in hundreds of millions of dollars. That could be in loans, angel investors, additional stock filing, etc... Without last year's Reg-A stock offering, which raised $23 million, they would already be gone. That's all but spent already. That's the primary reason bulding gets getting pushed out. No money, no honey.
     
    Kuda, TCBronson and Travelbuzz1 like this.
  6. John Painter

    John Painter Elio Addict

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    Stu Lichter's IRG holds the lease on the Shreveport facility. Since last summer his rent payments ballooned according to the contract with Shreveport. IRG sub-lets to EM. Lichter (EM's angel investor) isn't in the business of losing money, he'll do what is necessary to keep his cash flow positive regardless of EM's situation. That said EM has always been in a precarious financial situation (like any new vehicle start up) that they've clung on this long, and slowly developed is impressive... to me. Will they sink or swim? Time will tell.
     
    TCBronson, Bert and Kuda like this.
  7. bowers baldwin

    bowers baldwin Elio Addict

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    Hey John, maybe you would know, does Stu have to report stock sales before or after he sells stock?
     
    TCBronson likes this.
  8. Officespaced

    Officespaced Elio Addict

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    Down another 10% today.
     
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  9. Bikebrains

    Bikebrains Elio Addict

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    What happened? Elio website said stock is down $0.75, last price is $8.20
     
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  10. Elio Amazed

    Elio Amazed Elio Addict

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    It was 19.00 a month ago.
     
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