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Lol. Really?
What a joke. With everything falling into place with the license agreement with Greentech, pumping out a lot of 2015 Saleen Mustangs which equals more revenue is mismanagement??? Lol
The stock is low simply because of the note conversions being absorbed. Once that is down, the stock will stabilize to allow the pps to slowly increase along with the more positive quarterly reports.
Regards :)
Let's try this and maybe this will work. Lol
I have been around since the 90's and I am much more then just a spectator/enthusiast BUT I do not work for Saleen. I have personally known MANY of the employees past and current.
My knowledge is far more then just a spectator And I have proven that time and time again.
Regards :)
Ok let's look at it this way:
$500 investment
Tesla = 2 shares at $250 each
Saleen = 555,555 at $0.0009 each
Saleen goes up to $0.001.
Saleen value = $555.55 @ $0.001
To make that same return Tesla would have to go UP to $277.50 a share!
So ya I'm gonna make more money more quickly with Saleen.
And especially in the long run because of the number of shares I can get for such a small amount.
Regards :)
Lol. Now that's funny!
The original note was with the provision BUT the most recent filing satisfied that note which means its done and over with.
Wrong!
Go read the press release it will clear that all up! It is a 10 YEAR license agreement that automatically renews for another 5 YEARS!
But I thought there was a buy out going to happen because Mr Saleen wasn't majority owner anymore?? Oh that's right, he still owns over 50% and no takeover or buyout happening. Lol
Regards :)
The most recent one was not a note, it was payment for the licensing agreement.
Also, the quarter before that they had once again NO MUSTANG SALE'S at all! Big difference going from no mustang sales to a lot of mustang sales.
Sure yes there will probably be a loss BUT with increased revenue for the 1st quarter will only lead to more of an increase in the filling quarters.
Regards :)
Wrong!
They still haven't had any new funding which means they have adequate cash flow for day to day operations.
Let it convert and be absorbed! Once the notes are converted and absorbed will be during the same time that the revenue is going up up up! Then the pps will follow!
Regards :)
Um, that makes no sense at all and is completely incorrect!
How is the company dumping like crazy??? Mr Saleen owns over 59% of the shares but is "dumping" them???
Regards :)
No, not at all!
This will keep him owning over 50% so there is no takeover of the company. So this takeover talk has now been proven completely incorrect just like I have been saying!
Regards :)
Here is the thing...
The SLR achieved 0-60 anywhere between 3.3-3.5 seconds.
Now did you see how the Saleen GTX blew it away! The Saleen GTX has gotta be achieving it just a bit quicker the way it beat the SLR by a few car lengths.
Yes exactly!
Real product with a lot of good potential!
I have also owned and or currently own Saleen myself as well.
A lot of positive to come in 2015!
It could go a couple different ways.
But what is good is that he still has more then 50% of the company! No buy out or takeover here!!!!
Its much more then that!
"Seeing cara at shows or walking up to or in a plant for 10 min"
Now that's funny. I'm much more involved then that... So wrong again!
Regards :)
Exactly!
He won't be selling his stake at all especially at $0.001 lol
Exactly!
He retains more then 50% ownership.
I even said that there was no buy out or take over which is now proven! Lol
Nothing wrong with this at all.
Lol...
2 or 3 total!
One of the guys on the line can easily put together 1 white label in a day!
Regards :)
Well we will see!
But regardless its more then "a few" because a few would be 2 or 3 total built! Lol
Regards :)
Well I will also put it this way that they didn't have the inventory of stock mustangs that they currently have. So with that said there will be an increase of revenue this filing and the next ones to come as well.
And tuning 5 cars per week is for sure more then "a few"! Lol
Regards :)
A few?? Lol
More then a few. Haha
You did see the lot with 30+ cars and that they have over $1 million in stock chassis's on the ground in corona. But they only produce a few? Lol
A few thousand followers is WAY off! Lol
Regards :)
Yes and also remember there were NO mustang sales in the last 2 quarters of 2014.
So we should see an nice increase in revenue.
Lol. Sure.
That news was huge news if you know anything about the company Saleen Automotive and understand what the agreement actually means!
Also, the next filing showing increased revenue from the quarters before well help start the upward climb to a higher pps.
It won't happen over night and I don't expect it to. But in the long run this news is worth BIG $$$$
Regards :)
Huh? Lol
Fluff news really? Give me a break.
This is huge news worth million upon millions over the next 10+ years!
I just personally don't see that happening.
Its just my opinion.
No merger.
They are separate entities.
Lol. Wrong!
Here is the thing, not everyone knows that Saleen is publicly traded.
I have spoken to a number of people that are either auto enthusiasts or Saleen enthusiasts and they didn't know about slnn.
So once more people know a out Saleen being publicly traded the more share holders there will be.
There are a lot of people just trying to make a quick buck instead of being a long term holder of the stock which is fine. But in the long run this stock is worth much more then its current pps.
Regards :)
Wasn't that car beautiful?!
I guess there must be plants popping up everywhere that car has been now right lol
The biggest point that is ridiculous and wrong:
Lol. Auto once again WRONG!
Mississippi is where the plants have been located, no Missouri. Lol
In case you missed reading the complete PR, here it is again. Also, focus on the bold red areas:
Lol. Ok
Record volume today and it went up!
Regards :)
Did you see the most recent press release?
Saleen Automotive Signs progressive Licensing Agreement
If there is a sell off that's fine, I will just load up even more!
Regards :)
We'll lets see here... Does this sound like something we have heard before...
What I love is how the focus is always the current CEO Steve Saleen taking the beating.
Let's rewind back to 2003 when the company needed an investment which is when Hancock park became majority owner of Saleen inc. Steve owned less then 10% to make everything work and be able to fund the new opportunities that Saleen Inc had.
So everything is going well, making well over 1000 cars a year. 2007 is another great year with the 500 Parnell Jones cars produced and sold along with the other models.
Then this is where it gets bad for Steve. The investment group had one vision for Saleen and Steve had another. Because Steve felt the vision they had wasn't a good choice for the company he resigned. Of course of it was a 50-50 ownership it wouldn't have gone this way. But that wasn't the case.
So what happens? Hancock park moves forward with there great vision... Making cars look like crap and not what a Saleen vehicle is at all. And guess what, they ended up closing up shop, having a fire sale of anything they could and filing for bankruptcy. Now this all happened AFTER Steve resigned from Saleen Inc and had NOTHING to do with him. There vision obviously wasn't right or they would have made it. Steve was around when they were producing over 1000 cars a year and then he leaves and the company goes down the toilet!
Now there might be different "opinion" of what happened but this IS what happened!
Steve is a man that works his butt off every day of the week to make the NEW Saleen Automotive work.
Everything is falling right into place for the new Saleen to be very successful.
Any new company has growing pains. I feel that most of the growing pains are past us now and the focus will be producing the best looking, fastest production vehicles they can.
I know there will probably be a few bumps in the road left BUT I still feel that 2015 will be one of the BEST years yet that Saleen Automotive has had.
Lol!
It didn't take 2 years for the s7 development which was over 15years ago
The advancements in technology allow for quicker development.
Regards :)
The new Ford gt coming out is great and all but...
Its really not a super car at all. Its a 6 cyl ecoboost. Not a true supercar at all.
Now regarding the development of a new car it doesn't take as long as you think anymore with the advancements of technology.
Just remember how long it took for the Saleen S7 from napkin to prototype to production vehicle! That was 15+ years ago so it can happen again very easily.
Regards :)
Haha now that's funny!
Call it what you want but it is completely incorrect!
They are very busy right now and have backorderes as well.
Did you see the picture of all the stock mustang chassis's they received recently?
Regards :)
Lol.
Yes it was in Irvine at 76 Fairbanks. I don't know why I said lake forest.
Those pictures mean nothing when it is after hours or on a weekend. Lol
Also, they don't keep the cars outside since they can park at least 100 vehicles inside. So again, the pics you posted prove nothing other then a horrible quality picture. Like I stated before, go ask for a tour to see exactly what they are doing. Just don't swing by on a weekend or after business hours for that.
I could go through and name many different people that I have know over the years but what does that prove?
Let's just say I know many people from the past to current from regular employee's to the CEO.
One more thing is I am much more then just a "Saleen enthusiasts". Lol
Regards :)
I will say it once again:
THEY HAD NO MUSTANG REVENUE FOR THAT QUARTER AND BASICALLY NON FOR THE QUARTER BEFORE THAT!
Now the first quarter of 2015 they will in 2 trim levels. And the 2nd of 2015 they will have all 3 trim levels to show for revenue.
The mustang is the main source of revenue for Saleen and has been since inception. Anyone that has been around Saleen for a period of time (like myself) knows that.
There has been proof provided again and again either pics or video of many 2015 Saleen Mustangs already produced during the first 5-6 months of this year. There has been no proof of them NOT producing these cars during the same period.
Warmest and sincere regards :)
So what is being said is someone that has expertise in trade law doesn't know anything? Lol
Again, Saleen has over $1 million dollars in stock mustang chassis's on the ground in corona. The have back orders on vehicles. All of this and they aren't covering day to day operations? Lol
If that was true and they didn't have the cash flow to cover the day to day operations they would be issuing new notes which has simply not happened.
Remember, I have been around the Saleen brand since the 1990's. I have been to EVERY plant from the lake forest one to current. I have been around and have either driven or have had a ride in every car they have produced from that point till now. I am also an owner of multiple Saleen vehicles.
That being said to provide proof I know the brand, vehicles and people behind the company namely Steve Saleen.
Going off of old filings proves nothing other then being able to read.
So one question... Let's just say that they had the $1.1 in deposits but also delivered every vehicle that was order (which is what they are doing) but still they do deliver them. Then please explain how that is a so called "ponzi scheme"?
Very VERY far from that but please explain. I'm very interested in knowing how that can even closely resemble that.
Now, Greentech/SMI is not selling any stock Ford Mustangs or any other stock vehicles in China. They are selling Saleen Branded Vehicles. Very VERY big difference there. It is illegal to export stock vehicles to China but these are Saleen branded vehicles and NOT stock vehicles.
Like I have stated, I have more of a trust in someone with experience in trade law vs someone who is hiding behind a username on a public forum.
But regardless, good luck to you and your endeavors because I will be laughing all the way to the bank in the months and years to come.
Warm regards :)
Pretty easy answer to all this:
They have the cash flow currently to support the day to day operations.
Also, going off of a filing that is now almost 6 months old tells you nothing at all.
Regarding payroll taxes... From march 2014 to December 2014 payroll taxes went DOWN! So obviously they are making payments. They continue to make payments, the IRS will leave them alone. Hey won't be shut down. Lol
Oh my!
Couple of things:
We are only half way through the year, got another half to go.
Also, there have been no filings since the one for up to the end of December which once again had NO mustang sales.
With a huge increase in Saleen Mustang production, license agreement worth $500k and more with greentech. Everything is setting up for a great 2015!
Regards :)