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Owner is dead.
Management quit. Went elsewhere.
Company has ceased operations.
Too many shares outstanding
Management works elsewhere. Nobody left.
Too Many Shares Outstanding.
David Lazar declined Moller
Company ceased operations
Company ceased operations
Management is working elsewhere.
Moller is dead, I googled it.
Vault is empty
Owner died
Too many shares outstanding
Moller ceased operations
Sending his ashes to the moon. Nice.
Yes it is. The estate auction happening soon.
They were working on something in 1985. That’s before Covid.
Company is out of business
Complications from old age
Management quit.
Too many shares outstanding.
Someone told me he died.
Old age
Management quit.
Too many shares outstanding
No patents in the vault
You have to roll back the clock to 2008 (when Elio Motors was formed) then you'll see how it was a company that spent 4 years trying to get investments or partners. They actually got investments and it kept them going. In 2013, they leased the plant and took a loan out on the tooling and started taking reservations. Problem was, they defaulted on the lease and loan. Loan defaulted to 18% interest (on $26M) and fines and penalties for being late on lease payments. Then there was the jobs plan of having 1500 people employed by 2015. That resulted in a $7.5M fine. Right there, they were hoping the interest in the product was going to take off, yet it didn't. Not enough money coming in and too much going out. It became obvious, they were a sinking ship. I seen this in 2015. Yet others just thought they would somehow pull through.
Here we are 9 years later and I'm right. Paul is selling used cars in Phoenix, plant is leased out to someone else, no website and no communication from the company. Soon, it'll be delisted. Then we start the next group of delisted traders that hope the company will come back from the grave.
Owner is dead
No patents left in the vault
Management left
Ceased operations
Check out the latest exciting updates at eliomotors.com. It's the best as it comes from the boss's mouth.
You obviously do not know how some Saturns and a Fiero are made. Plus do not know they were failures. Then you never read the SEC filings and seen how much in total they needed to get the business running. Instead, we might as well go back to the NFL kneeling at the games as to why Elio never got funding. Make things up and hope people will take a sub penny stock and the price raises all because of some convoluted information. As you already know, Elio Motors site is down (again). Maybe if we talk about it enough, the stock price will go up, Paul will be able to cash out and walk away.
Welded space frame costs way too much over a unibody. Show me one high volume cheap vehicle that is made from a space frame. Remember, they were to be making 250K of them per year and selling the final product (with full HVAC, power locks, power windows and three airbags) all for $6800 (then changed to $7450". So that's the criteria. At the time, same volume as a Honda Civic.
If you actually took the time to read the SEC filings (which you haven't) you'd see why they were hemorrhaging cash. They are out there for free on the internet. It just takes time to read them and you wish not to. I ask you this, "Why do you refuse too?"
Management quit and left
No patents left. All gone
Company ceased operations
Too many shares outstanding.
No they didn’t.