Elio Motors Inc. (ELIO)

[JohnPainter]

As a reservation holder, from what I've observed over the years, Elio Motors has brought out mostly very balanced people who are reservation holders, who understand it's a long arduous journey attempting to start a mass production vehicle company - many of us reservation holders comprise most of the share holders from the recent Reg A+ offering.

Based on reservation holder polling on a couple of the popular Elio chat groups, it's pretty clear at those individuals look at Elio as a long term (decades) investment. Based on public comments made by Paul Elio last year at the NYIAS, there were at that time less than five hundred people who had asked for their reservations to be refunded, at the time that would have been just around 1% of reservation holders, while its not clear that means people are satisfied with Elio Motors, it's very clear an enviably small number of people are dissatisfied enough to want to get out of their reservation. To me that suggests Elio Motors had and likely still has significant log term support in a large base of people for a company that is essentially, completely unknown to most potential car buyers.

It's entirely possible Elio Motors might fizzle out of existence tomorrow, however the company shows extraordinary grit, and so far consumer confidence has followed despite not being in production yet.