I'm not a reputable bean counter, but
Elio's SEC filing isn't a confidence builder. They wanted to raise $10 million, and raised $150,000. When you raise 1.5% of your goal, that should tell you you don't have a chance.
Another red flag is spending half of the money you raised, $75,000, on a nonrefundable retainer to a company whose job is to sell your penny stocks.
Elio Motors has a
$3 million payment due on Sept. 4, and is depending on Caddo Parish taxpayers to come up with the money.
Then there's the puffery in claiming the trike will get five star crash ratings, when motorcycles aren't crash tested. When the snake oil salesmen resort to out-and-out lies, your BS meter should peg.
__________________
Darrell
Boycotting Exxon since 1989, BP since 2010
Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac? George Carlin
Mean Green Toaster Machine
49.5 mpg avg over 53,000 miles. 176% of '08 EPA
Best flat drive 94.5 mpg for 10.1 mi
Longest tank 1033 km (642 mi) on 10.56 gal = 60.8 mpg
