Home > Boards > US OTC > Miscellaneous > Elio Motors Inc. (ELIO)

The ATVM program probably mostly has paper authority.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
PennyStockDabbler Member Profile
 
Followed By 2
Posts 231
Boards Moderated 0
Alias Born 09/19/13
160x600 placeholder
PennyStockDabbler   Monday, 08/12/19 10:46:19 AM
Re: None
Post # of 1487 
The ATVM program probably mostly has paper authority.

The ATVM website and a few staffers to run it and process loan requests are probably paid for.

The funds are the big hurdle. There's just no way there's 17.7 billion sitting in a vault somewhere.

From Wikipedia: "The loan program was authorized under section 136 of the Energy Independence and Security Act of 2007, which provided the program with $25 billion in loan authority, supported by a $7.5 billion appropriation to fund the credit subsidy, or the 30% risk profile expected for projects of this type."

The auto industry is saved. The economy has recovered from recession. All they have to do to avoid raising the issue of pulling DOE funds away from other projects is not approve any new loans. They've already spent 900 million more than was actually appropriated.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist