Replies to post #1452 on Elio Motors Inc. (ELIO)

[GangstaRIB]

I believe its been about 3 years ago when I plunked down the deposit. I also, at one point, owned ELIO stock as well but I cashed that out long ago. I'm pretty sure I avoided any major losses but that was also a few years ago.

I figured I would comment on here to see if there has been a class action launched. For those that lost their ass on the IPO, crowd funding, etc... Sure it sucks to be them but they signed up for the risk.

Me and my deposit ... there was no said implied risk and therefore it is illegal and fraudulent to keep my deposit. Maybe I will just follow the board for now on to see if a settlement pops up.

[sizzleweed]

elio yeah I looked, it started at 75 bucks a share in March '16. by end of year it plunged to 5 bucks, a few pumps here and there and now it is at 1.50. so from the high it is worth 1/50th or 2 percent. The sell off was likely insiders because it plunged so quick. Hapless folks that bought at the IPO are sadly likely to never see their cash. So the stock is worth little from the original price. it never got higher than the ipo, which should have happened if they were legit. Really sad. in my opinion good luck