Buy Tickets for Concerts, Sports, Theatre and More Online at Tickets.Elio Motors Is Looking To Raise 1.Million To Keep The Dream Alive.Elio Motors, hamstrung by repeated delays to deliver on a longshot bid to produce a futuristic three wheeled vehicle, is looking to raise up to 1.Incredible-Les-Brown-Quotes.jpg' alt='Driver Love Minnie Still Tomorrow Will Bring' title='Driver Love Minnie Still Tomorrow Will Bring' />Thursday.The filing revealed the company has again delayed when it expects to produce and deliver the car by another year, to 2.Last week, the state of Louisiana fined Elio Motors 5.Read more Read.Elios ambitious plan involves producing a three wheeled vehicle that the company claims can get up to 8.General Motors factory in Shreveport, Louisiana.The price of the car, a major selling point from the companys perspective, is set at 7,4.But Elio has repeatedly delayed production plans for the vehiclecalled The Elio, after its namesake, company founder Paul Eliobecause of significant financial problems.In May, the company revealed it needed 3.The number of shares and the price range for the offering havent been determined, according to a registration statement filed with the U.Get the latest breaking news across the U.S. Ms Office 2007 Enterprise English Isolating . ABCNews. com.Tickets for Concerts, Sports, Theatre and More Online at TicketsInventory.Best poems and quotes from famous poets.Callaway Erc Fusion Driver Illegal Immigrant .Read romantic love poems, love quotes, classic poems and best poems.All famous quotes.S.Securites and Exchange Commission for the initial public offering.Elio plans to list on the NASDAQ Global Market.A successful IPO, while still a longshot, could allow the company to restart production of prototypes and generate more interest in the car.The size of the IPO was estimated solely for the purpose of computing the amount of the registration fee, the company said in the filing Thursday.A spokesperson for the company didnt immediately respond to a request for comment.The company was fined 5.Louisiana, which said Elio is operating as a manufacturer under state law and therefore should have a license to accept non refundable deposits.Elio has vowed to appeal the decision.Elio also owes RACER Trust 1.Louisiana factory.RACER, which took over the facility as part of GMs bankruptcy, loaned Elio 2.We intend to use the net proceeds of this offering for working capital and general corporate purposes, including sales and marketing activities, product development, and capital expenditures, Elio said in the filing.The company currently has 2.Elio has remained hopeful that it could launch production and deliver vehicles by next year to the roughly 6.But the timeline for The Elio has been again delayed, according to the filing.The Elio is still in development, and we do not expect to start delivering to customers until 2.The Elio vehicle requires significant investment prior to commercial introduction, and may never be successfully developed or commercially successful.The company estimates that it requires 3.That means the company is still expecting to receive a significant uptick of interest in the car in the coming months.This month, Elio Motors had a whopper of a deadline have a manufacturing facility developed inRead more Read.While Elio has long said it hopes to tap additional funding through the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2017
Categories |