Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

NO. simply no. As of current valuation, the market clearly assume coverage. $SLNN is at $4 million with $4.5 million coming in dilution. The stock is worthless.

You do understand that other companies can easily dilute a Billion shares in less than a years time....right

This statement doesn't mean anything. A stock capacity to absorb dilution is not only related to the number of shares (in your example billions???), but also to it's value.

SLNN could have taken $4.5 million worth of dilution when it was worth $20m or $30m. It would have hurt, but nothing like something worth only $4m with $1.5m quarterly deficit.

The idea that the market is somehow efficient and that all the available information is already priced into the stock is simply wrong. It would assume that every actor on the market acts in his own interest which is clearly not the case for SLNN.