Saleen Automotive, Inc. (fka SLNN)

[DirtyPenny]

anyone who knows how these backroom deals work, knows that they are done at a discount to the prevailing market price at the time of the deal. they have to discount these shares so the parties involved have motivation to buy them, otherwise they could buy at market like every other shlub.
the deal was made prior to the june Form D filing when they sold $2.5mm worth of unregistered securities out of the $4.0mm they were offering, when the actual trading share price was ranging between .0002 and .0003. Even if they sold the shares at .0003, there would have been 8.3 Billion shares added. so at a discounted price there would have been many more billions printed. is this speculation/guess? or is it knowledge of how these deals are made? you can decided that for yourself. however isn't it interesting that slnn would notify shareholders about the $2.5 million from the Small Company Offering and Sale of Securities Without Registration, but not mention at what share price this deal was made, so there could be a better accounting/idea of how many shares were added. As a shareholder i would find this most concerning.