Elio Motors Inc. (ELIO)

[JohnPainter]

I tend to agree.

There are a couple key areas Elio Motors msut nail to receive the ATVM loan, which I think is critical to making it to production.

It is clear that they need to conduct tests that verify what their simulations show. I'm very confident in this area that Elio Motors will do well.

Elio Motors has been meticulous in how they developed and designed their vehicle, and utilized industry standard computer modeling to date. Both IAV who designed their power plant, and Altair Engineering who has done all the computer simulations are well recognized in the automotive industry for their particular skills. Elio Motors spent a lot of money having the right people, do the right kind of work up front. In terms of engineering and design, they are spot on.

The other key area Elio Motors needs to show they are spot on with includes demonstrating a means of repayment of the ATVM loan, and solvency throughout the duration of the loan.

These things looks clear to me in the Federal Register circular, here's the applicable snipit (the whole thing is much longer). https://www.gpo.gov/fdsys/pkg/CFR-2013-title10-vol4/pdf/CFR-2013-title10-vol4-part611-subpartB.pdf
Section 611.101

(6) The applicant’s liquidity as of the
date of the loan application;
(7) Statements from applicant’s lend-
ers that the applicant is current with
all payments due under loans made by
those lenders at the time of the loan
application; and
(8) Financial projections dem-
onstrating the applicant’s solvency
through the period of time that the
loan is outstanding.

(c) A detailed explanation of how the
proposed project qualifies under appli-
cable law to receive a loan or award
under this part, including vehicle sim-
ulations using industry standard model
(need to add name and location of this
open source model) to show projected
fuel economy;