Elio Motors Inc. (ELIO)

[PennyStockDabbler]

Subprime lending caused boycott. Shreveport's probably half redlined.

The subprime lending crisis is thought by some to have caused the Great Recession.

Subprime lending was done in areas formerly "redlined" by banks.

Areas were marked out on a map in which banks just didn't lend. Then there was political pressure to change the laws and Carter, then Clinton made it impossible not to lend to those areas. However, they were allowed to charge a subprime rate.

Perhaps banking and big finance feel that the ghetto behaved irresponsibly because the ghetto believed that the government would bail them out. Perhaps the banks want to punish the ghetto.

We can't sell stock now because the price has fallen too low. If they issued more shares and sold them, they'd get 1/100 of what they hoped to sell the shares for during the reg. A IPO, which was $50. Shares are hovering below 50 cents now.

Elio hoped to do the STO so he could sell shares to accredited investors. He hoped educated, skilled, informed, and connected investors would be better able to see the value in the company instead of wanting to pay what shares were already worth.

But, these investors probably lost great sums due to the great recession and probably would like to see the ghetto punished by a boycott of American made cars.

Going to Mexico to manufacture Elio might revolutionize our prospects of getting any funding from an STO.