Tweet
Has anybody taken a look at the Elio Motors investment offer? Although, I'm not ready to take a chance with this one, it does look fascinating.
-
-
Elio Motors, Inc.
2,090,000 Shares of Common Stock
Minimum purchase: 50 Shares ($600.00)
We are offering a minimum of 1,050,000 shares of common stock and a maximum of 2,090,000
shares of common stock on a “best efforts” basis. If $12,600,000 in subscriptions for the shares (the
“Minimum Offering”) is not deposited in escrow on or before December 31, 2015 (the “Minimum Offering
Period”), all subscriptions will be refunded to subscribers without deduction or interest. Subscribers have
no right to a return of their funds during the Minimum Offering Period. If this minimum offering amount
has been deposited by December 31, 2015, the offering may continue until the earlier of March 31, 2016
(which date may be extended at our option) or the date when all shares have been sold. We reserve the
right to accept subscriptions for up to an additional 418,000 shares, for an additional $5,016,000 in gross
proceeds. See “Plan of Distribution” and “Securities Being Offered” for a description of our capital stock.
Generally, no sale may be made to you in this offering if the aggregate purchase price you
pay is more than 10% of the greater of your annual income or net worth. Different rules apply to
accredited investors and non-natural persons. Before making any representation that your
investment does not exceed applicable thresholds, we encourage you to review Rule
251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to
"There is currently no trading market for our common stock. We intend to apply to have our
shares of common stock approved for trading on the OTCQX marketplace and expect to trade under the
symbol “ELIO” upon the completion of this offering.
These are speculative securities. Investing in our shares involves significant risks. You
should purchase these securities only if you can afford a complete loss of your investment."
Comment