Comments on: Elio Motors Public Funding Efforts Possibly Targeted by Malicious Trolls, Company Still Moves Forward, And More Information

By: Kyboy1969

Kyboy1969 — Tue, 11 Aug 2015 05:12:53 +0000

Every high school student, college kid, dad in midlife crisis has the potential of purchasing the elio without messing finances up from their starts. I think this car is way over due. Not everyone. Can afford tesla at one hundred k

By: Eric

Eric — Mon, 10 Aug 2015 21:36:41 +0000

Yes, the amounts being bandied about are only expressions of interest. But with a lot of the troll-work thrown in the slime pit where it belongs, Elio does stand at over $28 million in “interest.” From the SEC’s point of view, this makes a powerful demonstration that potential investors consider Elio a good enough bet to want to be in on the ground floor.

This whole exercise is energizing in a number of ways. It legitimizes the concept of Reg A+ funding; it has surfaced the problem of trolls wanting to poison anything they can reach, and so put future users of the system on guard; and, finally, it should at the very worst kick in well over $20 million to Elio Motors to get on with their program.

Elio is a risky investment, but ultimately may prove very profitable. Only time will tell — and injections of cash by this and other means.

By: Jim S.

Jim S. — Mon, 10 Aug 2015 20:50:24 +0000

As recently as 8/6 it was mentioned in a Forbes interview with Paul Elio and Ron Miller from StartEngine that it would be a few weeks before the Reg A+ paperwork would be filed with the SEC.

I don’t know at what point ‘Superman’ inflated the numbers but I know StartEngine has reduced the pledged amounts at least once in late July due to trolls trying to sabotage the system.

Additionally, your statistics are a bit dated. The pledged amounts passed $25 million before the end of July. As of today, 8/10, the figures are up over $28.4 million with close to 7700 interested parties.

I am with you; I hope that Elio Motors can find the funding to get their final prototypes build and tested. Once production starts I think the combination of their price point, financing, warranty, and expected owner costs will make for big potential niche market sales.

(Full disclosure: I do not work for Elio but I am a commuting driver, a reservation holder, and a potential Reg A+ investor)

By: The Watcher

The Watcher — Mon, 10 Aug 2015 17:30:51 +0000

This info about the trolls is 2 weeks old and they were removed from the numbers.
Elis is now at $28,412,310 from 7680 reservations.