Saturday, January 21, 2017 12:52:54 AM
A United States Securities and Exchange Commission (SEC) filing reveals Elio Motors had just $101,317 in cash on September 30, 2016. That's a rounding error at best for a car company. Worse yet, the same document declares recurring net losses caused an accumulated deficit of over $123 million. The company explained it's uncertain about what the future holds.
A DEFICIT OF OVER $123 MILLION?
We will see the price by end of February.
Forget the koolaid, you need some scotch my friend.
Wonder how Mr. Elio is going to pull his $250K salary this year.
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