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post #11 of 312 (permalink) Old 03-14-2016, 09:15 PM
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Lawsuits, all of the lawsuits...
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post #12 of 312 (permalink) Old 03-14-2016, 10:37 PM
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I hate to say it but.... I didn't put money down on one as I did not think I could tie up the cash until I got a few things paid off. I was hoping my smart would last until maybe the 2nd year of production.... It didn't... I thought I could hold out until they started production, Got another smart a few weeks ago. .. Nuff said!
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post #13 of 312 (permalink) Old 03-14-2016, 10:59 PM
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I wonder if there is any interest in the Elio in any other country....like maybe the U.K ? I wonder if they even know about it?
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post #14 of 312 (permalink) Old 03-15-2016, 07:06 AM Thread Starter
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Originally Posted by Neonspinnazz View Post
According to Elio's SEC filings, those first 100 cars were for internal testing only, not to be sold off...But they're going to sell them anyway. It's a pathetically desperate cash grab...and not likely to please the SEC or Elio's backers.
That's what you say when you have blank checks. This is what you do when you have no sustainable cash flow.

Not Elio Motors first deviation from "best practices" or a reasonable Business Model?

What prudent business would BUY a fleet of 100 unproven (safety/reliability?) vehicles and expose themselves to the liability of an employee becoming a crash test dummy?
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post #15 of 312 (permalink) Old 03-15-2016, 07:37 AM
 
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What prudent business would BUY a fleet of 100 unproven (safety/reliability?) vehicles and expose themselves to the liability of an employee becoming a crash test dummy?

I'd buy one of those 100, and lock it away. Assuming doomsday for Elio, it'd become a relic worth more than its admission price.

Imagine what the worth today would be of a never-driven factory-produced Dale.
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post #16 of 312 (permalink) Old 03-15-2016, 07:54 AM Thread Starter
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I'd buy one of those 100, and lock it away. Assuming doomsday for Elio, it'd become a relic worth more than its admission price.
Probably at least 100 of the 50,000+ with paid reservations had, or are now having, that same thought?
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post #17 of 312 (permalink) Old 03-15-2016, 12:15 PM
 
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Smart ED>Elio.
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post #18 of 312 (permalink) Old 03-15-2016, 02:08 PM
 
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post #19 of 312 (permalink) Old 03-15-2016, 07:35 PM
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I said it before, If I only got a expensive T-shirt and helped an american start up make a go of it I will be ok with it. I knew the risk when I went into the deal and in my view, there was no hidden factors. that being said, It was MY cash and I am proud to have helped a true american start up make a go of it.....
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post #20 of 312 (permalink) Old 03-15-2016, 09:22 PM
 
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You would expect the first 100 people who paid deposits to get those cars, or have the first right of refusal.
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