Elio Motors Inc. (ELIO)

[abracky]

By July 1, the terms of the contract call for Elio Motors to either produce 1,500 jobs in Caddo Parish or cough up a $7.5 million fine – a number which Elio Motors has already budgeted, according to its SEC report.

That SEC report also says Elio Motors is $376 million short of capital requirements needed to begin production of its three-wheeled cars, and that last year it burned through $52 million. Elio Motors will be out of business long before it cranks up its production line next year, which is the schedule it’s currently touting.