Why Elio Motors Going Public Is A Success Story In More Ways Than One

[Grumpy Cat]

https://www.equities.com/news/why-elio-motors-going-public-is-a-success-story-in-more-ways-than-one

As we covered earlier on Equities.com, shares of startup automaker Elio Motors (ELIO) recently began publicly trading on the OTCQX Best Market. It was certainly a milestone for the company, whose novel three-wheeled two-seater vehicles have become something of a phenomenon for auto enthusiasts during its development. But what Elio Motors has achieved here really represents a monumental breakthrough for the US economy, and in many ways a validation of the democratization of capital for emerging growth companies and their investors.

Elio Motors was the first US company to successfully raise capital through the JOBS Act’s Regulation A+ rule. The company raised $17 million through 6,000 individual investors on StartEngine’s Crowdfunding Platform. Those shares are now publicly trading, creating liquidity for its investors and validating the hopes for fellow entrepreneurs.

 

[TCBronson]

Great article, thanks for posting it!

 

[Kuda]

https://www.equities.com/news/why-elio-motors-going-public-is-a-success-story-in-more-ways-than-one

6,000 stock holders x 6,800 =
40,800,000....hey DOE....

 

[James Reveal]

6,000 stock holders x 6,800 =
40,800,000....hey DOE....

Who needs the DOE, Yesterday 3 March 2016, was a big day for ELIO on the over the counter market ELIO sold 4.93 Million shares of stock at approximately $25 per share. So yesterday ELIO raised $123Million on the $280 million need to fully fund production one more day like that and production is assured. If you bought stock in the Start Engine presale at $12, your stock has more than doubled on the over the counter market.

 

[Rob Croson]

Who needs the DOE, Yesterday 3 March 2016, was a big day for ELIO on the over the counter market ELIO sold 4.93 Million shares of stock at approximately $25 per share.

Where did you find this information?