Elio Motors, The Next Big Thing?!!...

[freebeard]

I'm letting my reservation deposit on an FUV ride, but their total production number is smaller than my reservation number. Maybe by the end of the year.

[cRiPpLe_rOoStEr]

Now the question might be when is Paul Elio going to be arrested.

[Fat Charlie]

Originally Posted by Xist

The full article is here and without a paywall: https://www.abc15.com/news/let-joe-k...ased-automaker

They claimed they returned deposits when requested... but in the example they gave, the investor did not get his deposit back until the news channel helped him.

Deposits, maybe. But why on Earth would you return money to investors?

As Milo Minderbinder would put it, they have a share. They still own that share, and Paul Elio isn't stupid enough to buy a share in Elio at whatever price those investors did. Would you buy a share in Elio?

[cRiPpLe_rOoStEr]

Originally Posted by Fat Charlie

As Milo Minderbinder would put it, they have a share. They still own that share, and Paul Elio isn't stupid enough to buy a share in Elio at whatever price those investors did.

As long as Elio is listed at any stock exchange, this risk would be more clearly stated. Otherwise, it would sound more like a scam.

[freebeard]

Milo Minderbinder

I read that book sitting on my luggage at Bien_Hoa_Air_Base, on the way back.

It all rang true.

[oil pan 4]

I think eilo and fenix motors shared a common theme.
They never intended to produce a working products and we're just being used as startup bait.
That's where someone starts a company by attaching a brand to some IP and never really planned to do anything besides start then sell the company.

[rmay635703]

Originally Posted by Fat Charlie

Deposits, maybe. But why on Earth would you return money to investors?

As Milo Minderbinder would put it, they have a share. They still own that share, and Paul Elio isn't stupid enough to buy a share in Elio at whatever price those investors did. Would you buy a share in Elio?

Elio has collected wages and pay from his charity for Elio “business” since conception.

The companies sole purpose was to give him a job where he does nothing that while his investors bankroll his car and boat payments.

This is similar to Brite Sun Capital forcing Shopko to take out loans to pay their $100m a year wages.

Shopko was financially solid but not when giving loan funded charity to the Brite Sun dbags who couldn’t successfully manage a lemonade stand. Brite Sun interfered with the proper operation of ShopkoS management at every turn, the board could have easily run the company without their moronic presence and stayed profitable. Despite Brite Sun leaching and hemorrhaging money constantly Shopko surprisingly lasted many years under their non-management, this just shows how strong the brand was at purchase considering how hard Brite Sun had to work to kill the business.

Historically behavior as illustrated above would result in being murdered or imprinsoned and at the very least you would be ruined and unable to ever participate in business ever again.

Given the attitude that ripping people off is the only legit way to make money, these situations should result in automatic execution.
As a country this type of behavior has to be firmly dealt with so it stops.
Unfortunate our heads are too squarely up our collective rears to be bothered with worrying about fraud.

[redpoint5]

Yeah, but Shopko didn't have to be run by Brite Sun or anyone else. There's no need to "go public" or sell the business. I don't know the story on Shopko, but I think it would take some genius management to have saved it considering the competition from Amazon, Walmart, and Target. The last thing I ever bought at Shopko was a Walkman in the 80's.

[Fat Charlie]

Originally Posted by cRiPpLe_rOoStEr

As long as Elio is listed at any stock exchange, this risk would be more clearly stated. Otherwise, it would sound more like a scam.

Elio opened at $0.32 per share today and closed at $0.31. And they still don't have anything to sell. Fat Charlie doesn't offer stock tips very often, but here's one: don't buy Elio, even at $0.09.

[redpoint5]

Never considered shorting before, but I think that might be a good strategy for Elio.