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Discussion in 'Elio Stock Discussion' started by Ekh, Feb 20, 2016.
$8.00 could be a great deal depending what happens with elio.
they call 'em penny stocks for a reason.
At this time, I strongly feel the ride is over. It's amazing to read the ship is sinking....... and the band played on.
??? Have you read this from EM?
A must read ... check out this week's blog.
Many of you will recognize the retro look this week, thought we would go old school to kick off 2017! Below is the Friday blog, or you can Click here to be taken to the website version.
Happy New Year from Elio Motors. This year will be an exciting year of continued progress for our company. We say “our", because without your support, whether you are a shareholder, reservation holder or a passionate fan, you are the main reason for our continued success. This company has been built by the people, and is unique in our approach to this enormous challenge.
Recently our CEO was attributed to several quotes with statements on the company’s financial health by small news entities and blogs. They are not direct quotes from our CEO. They were taken from our financial statements, which are public reports that include standard risk statements and disclaimers. They are designed to communicate the various risk factors for investing in a start-up company and are part of thousands of reports submitted each quarter by public companies to the Securities and Exchange Commission.
The status of our company and our progress has always been predicated on funding, which is true for all start-up companies, not just Elio Motors. It requires significant investment to build a company of this size, and we have accomplished countless milestones along our journey including:
Over 63,600 reservations for our revolutionary vehicle
Eight Prototypes and Engineering vehicles
Securing and engaging a world class supplier team
Taking the company from private to publicly traded
Secured a factory to build our vehicle in Shreveport, LA
Engineering, design and soft tooling for production of the revolutionary Elio
Compiled a strong board of directors and leadership team
Shovel ready to create over 20,000 direct and indirect jobs
State by state legislation victories for autocycles
Manufacturers agreeing to move production and manufacturing jobs from overseas to the US and our plant
These are just a sampling of the milestones we have reached on our way to production.
Our goal is to achieve our "must haves" by creating an ultra-low cost, ultra high-mileage, safe vehicle in the US - made by American workers. We work every day to secure subsequent funding, develop the vehicle further and help spread the word of Elio. We are willing and prepared to do whatever it takes to make Elio Motors successful.
That is what America is about, we meet our challenges, overcome, and never quit!
Thank you for your continued support.
Tour: Detroit Auto Show (NAIAS) Next Week
*MSRP for non-refundable reservations only and applies only until non-refundable and refundable reservations total 65,000. Total current reservations can be seen at: eliomotors.com. MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.
Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.
Elio Motors 2942 North 24th Street Suite 114-700 Phoenix, AZ 85016 US
EM isn't sinking any more than it ever was, though now that they have publicly traded stock it's easier for anyone to observe how volitile starting a company like this is. Though penny stocks are, like you say called that for a reason.
I have faith ,the ship isn't sinking just taking on a little water.Easy for me to say because I didn't buy any stock at $14 ..
It may look like that now, but the type of ship may turn from sinking to rocket with the announcement that the DOE has granted the ATVM loan or that EM has secured private funding for production.
Even a smaller piece of good news (confirmed E-series 80+mpg mileage test, funding for the remaining 18 E-series test vehicles, etc.) would likely stabilize the stock price.
If it's not taking on a little water, it already sank.
I believe the stock price of $12 per share was over priced when it first was offered. It should have been 8 or 9 per share discussed here last year.
Have you tried rearranging the deck chairs? I'm told this can make a big difference.
Oh, when did the E-series mpg get confirmed? I don't recall seeing that in any of the news letters recently.