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To say the following:
Well not correct at all!
They were your words. You stated that they would be bk and greentech would get the Saleen name etc. That is not what happened at all.
And technically with the conversion rate being at $0.02 that values Saleen at $3.5 million approximately with the current oustand shares.
And I did not state they would convert, just that the lowest price is $0.02 meaning they (greentech) felt the stock is worth at least $0.02!
You clearly stated that they would file bk, greentech would get the right and that is NOT the case. Completely wrong!
Greentech can only sell to the territories they own the license for period! For them to put up $500k means they know the value of Saleen and how much money greentech can make from marketing the Saleen branded vehicles.
One more thing, it was first a note for $500k which has now converted to a license fee of $500k. That says a lot IMO.
Regards :)
LOL... Ok how about this:
That is a quarterly filing that had NO MUSTANG SALES DURING THAT QUARTER!
I have stated that before but there it is again.
Now that the 2015 Saleen Mustang in all 3 trim levels are being produced, there will be an increase in revenue. I suspect an increase from the last filing to the next. Then even a bigger jump in the next one. That is the proof and fact!
Nobody has stated "Saleen has a foothold, foundation, customers or dealerships in any of hose counties"
But I will tell you to prove wrong once again that Saleen already has a distributor in Australia. I also know someone personally that owns several Saleens in Australia! So there is a dealer/distribution in Australia AND customer.
China is new but they (SMI) also already have a dealer in China. They recently signed them a few months ago. If you need the link let me know and I will provide it.
I have known Steve since the late 1990's. How about you?
Steve is sticking with Saleen automotive in corona, ca. Everything is getting setup for a very successful year (2015)
The stock was said to be hitting zero at the end of many months for over a year now. Has that ever happened to this day???
Regards :)
Incorrect again!
They can and do produce more then "8" vehicles a month. Lol
"Global PR bs"
Very far from that but whatever.
You are taking about a completely different person then I know. You just flat out don't know Steve.
Greentech is not acquiring Saleen. To keep posting this bs is just ridiculous and not true at all.
Well maybe right now the stock is low, but everything is falling right into place for a great year at Saleen and the stock will recover.
Regards :)
Lol. That whole thing makes me laugh.
So let's see here, last time I checked every drawing of let's call them "concept vehicles" that Saleen stated they were going to produce they have!
The Tesla, yep currently in production.
2015 Saleen mustang in all 3 trim levels... Currently in production.
So those points mean nothing at all and have been proven wrong before they were even posted.
Talking about pot companies has nothing to do with Saleen but it keeps coming up.
So let's look at a few things here:
Saleen is producing cars, has over $1 million in stock ford mustang chassis's on the ground in corona.
Just signed a 10 year deal with greentech to allow them to use the name "Saleen" everywhere except north america, Australia, Europe and the middle east.
So the current produced Saleen branded vehicles will be sold by greentech or Saleen Motors International and Saleen will be paid royalties on everything sold by then with the Saleen name on it. Greentech will not be producing the current Saleen vehicles as those will still be produced in Corona,ca.
The greentech $500k note is now considered paid with this agreement.
Oh ya, this surely looks like a pump and dump lol.
no p&d would spend money like this to promote there product because a p&d normally doesn't have a product first off. They would only put out PR releases on the internet and any way they could do it cheap!
Simply wrong on every account.
Regards :)
So you did see my post?
Yes the note from greentech is now satisfied.
Just to clear confusion, greentech/SMI won't be making the current Saleen branded vehicles. These will only be built in corona.
Now, if greentech wanted to use the Saleen name on a vehicle they built they could do that. Also, anything else that is sold with the Saleen name on it they have to pay a royalty to Saleen Automotive. This is a HUGE deal!
We are talking about a market that has never been tapped into with Saleen vehicles!
I cannot wait to see how 2015 ends up. As I have been saying since January, 2015 is going to be a great year!
It is a business... Not a hobby
Ya, retirement lol. What a joke that is.
What will it be next? Swinging by on the weekend to take a pic of an empty parking lot? Maybe all these parking lot pics are Photoshop as well?...
I'm not remembering the past, this is now. They are building cars and they are extremely busy. But ya, its a hobby. Lol
Regards :)
Well let's see...
Last time it was the volume because of the converted shares. But then it wasn't.
But they aren't selling off the shares quickly... But then they are.
With good news I feel coming at the end of the month with the filing, it will begins to rise.
Regards :)
Lol. Fake business lol
So all these cars that are being produced are fake? Every person involved with Saleen is fake. The car I saw in pa this past weekend is fake?
Wow, everything is fake huh??? Lol
Now they are cashing in? But yesterday they weren't...
Regards :)
Ok, well I will try this again.
Please tell me EVERYTHING that goes into a black label 2015 Saleen Mustang? I am speaking of performance AND non performance items since everything is just "off the shelf items".
No proprietary parts? LOL
I don't work for Saleen but have been around every model ever built from the 90's on. I have been to EVERY plant from when Saleen Inc was in Irvine to current including the Troy, MI plant.
Black label comes in non supercharged, yes I already knew that. I have also already been in the new Black Label as well :)
Regards :)
Huh????
http://soec.org/east-coast-debut-of-the-2015-black-label-saleen-302-carlisle-pennsylvania-june-6-2015/
That is just one of many!
Saleen forums.. Few and far between? That's very far from being correct!
Take a look at the forums on there and you will see that is not true at all.
Regards :)
Not true!
It was stated before that they would just take over Saleen automotive in the event of bk... Not what happened with the IP License!
Please read the whole filing. You will see there are excluded areas around the world that SMI cannot sell Saleen branded vehicles.
As for producing vehicles with a Saleen name on it.... It is not for the 4lines that Saleen has currently. Reading the filing will tell you that based on when royalties are paid "once the vehicle's are shipped". Meaning, once they leave the corona facility.
Oh yes and people are buying in on the shares because of the cheap price now because they are people that realize what Saleen is really worth. Which is a lot more then what it is currently trading at.
Regards :)
Lol... Ex employees?
Was their verification that they were always on time? How about write ups? Oh, also did they make any errors or miss any quality control issues?
I could go on and on but there are MANY reasons someone is no longer with a company. Doesn't matter if its Saleen or another company. So verifying with an ex employee means nothing at all.
Now its 11 cars... The other day it was 3. Next it will be 15 lol. Also, employees work past 3:00 pm so there again the pics mean nothing at all
SMI (saleem motors international)
Lets try this once again:
SMI is just for the distribution of Saleen branded cars in China. Nothing else... Very simple to understand.
Saleen didn't inc anything... Greentech did. Again, should be easy to understand.
The legal council could have left for many different reasons. We don't know what the reason was so any reason stated would be only speculation.
The rest is incorrect but again, thanks anyways.
Ok. Ok
Let's see here:
No layoffs
Parking lot not empty except when you go by after hours or on the weekend.
Steve didn't inc a new company... That was greentech.
CEO quit? Huh?? That makes no sense lol
So pretty much every part of that is incorrect. But thanks anyways.
Regards :)
Every bit of that assessment is incorrect.
Saleen is staying in corona and greentech is just handing the China market.
Pretty clear and easy to understand.
Regards :)
They are producing... Very busy right now actually with the 2015 Saleen Mustang.
2015 is going to be a positive year for Saleen.
They are also entering the China market with year as well!
But I thought it wasn't a sell off???
So which is it exactly? Lol
Converted shares are being sold, no doubt about that.
The buyers are here buying!
There are a lot of people that realize the value that Saleen really has.
Regards :)
All the ones that were due to or have converted have and most likely have been sold off.
How many times has it been stated that the cause of the price going down is the sell off of converted shares? Now that isn't the case???
And as an example of the note in your previous post, will say they get approximately 80 million shares. If they sell them all once its converted and the volume of trading now a days it would take just a couple of days for them to be absorbed!
And IF Saleen stock is soooo dangerous to keep then why wouldn't these not holders just be dumping it? Which isn't that how it has been referred to before... The note holders DUMPING it?
But now they are not "dumping it for whatever price they can get"?
Please... Lol
Regards :)
Converted notes have been sold off already.
Remember, the volume has been very high for over the last week so those converted shares have been absorbed.
Regards :)
Well, selling a Saleen mustang as an example have nothing to do with fords dealer agreements! Lol
Again, they are NOT selling stock mustangs at dealers in China. If that was the case then yes, that would be illegal.
Regards :)
Lol. Ok
They are NOT distributing stock mustangs. These are ONLY Saleen branded vehicles.
Like I said, the ground work is in place and moving forward regards less of opinions about this.
IF there was an issue, the cars that were shipped over for the auto shows over in China would have NEVER made it. Think about it!
They have to go through customs in the USA and China. If it was illegal it would have been stopped.
Nice try, but completely incorrect in every direction.
Regards :)
That is correct.
But all of those mustang they currently have will equate to higher revenue in the upcoming filings!
Regards :)
It is very possible that there could still be another dip because of converted share coming up BUT after those are absorbed and the next filing coming up at the end of June, it will be inching up from there.
This is a good bounce in the share price but I'm sure this is going to be just the start of it.
Sorry, wrong once again!
Greentech has someone that is a lawyer and has expertise in trade law... That person is the president & CEO!
So I'm sure he knows the ins and outs of USA to China trade law much more then all of us!
Regards :)
Simply cannot make a statement like that:
Well firstly 2002 is wrong.
2010... Wrong again! Hancock ran the company into the ground and filed bk. Had nothing to do with Steve as he was gone a couple of years before that.
Remember, Hancock thought there ideas were better then Steve's. So my question is how did that work out for Hancock park???
SMS didn't file bk so that's wrong as well!
Chamco has nothing to do with Saleen.
Current Saleen is still open even though for over a year it was stated they were closing at the an of every month when I said that is not correct. Guess what, they are still open lol
So it's pretty simple, I can fill in the black with "they are busy building cars to fill orders"
Regards :)
Flat out 1000000% wrong!
They have the cash flow for day to day operations... If they didn't, there would have been a new note issued for that. So when was the last note for cash to run day to day operations done again???
I know all about greentech and understand how they all work together.
They are only there to export the Saleen branded vehicles under SMI name.
Steve is staying in corona and not going anywhere.
Anyone can have there own opinion, but the whole greentech on is wrong.
Greentechs shares convert at $0.02. Which means they feel the company is worth more then the current price. And I also agree with them!
Regards :)
Very well said!
Yes, Steve has been around since the 80's and also Saleen the company.
Saleen Inc went bk back in 2009ish because Hancock park ran it into the ground. Gotta love when a company thinks just because they have money they can run a company which with Saleen was not the case.
They didn't want to listen to what Steve had to say which is why Steve resigned from Saleen Inc and started SMS.
So Hancock park continued with their vision which IMO seemed to be what is the ugliest car we can build and design cheaply for people to buy so we can make the most money.
Well they did exactly that and what happened? They lost sales, pretty much all of them because they didn't sell. Nobody wanted them because they were ugly. They were NOT a Saleen at all!
So they ended up filing bk, illegally transferring the money god knows how many times when they had there fire sale. But then Steve is blamed about this how? He wasn't even there when this happened and left at the peak of the company because he didn't like the vision all these pencils pushers had and felt it wasn't going to work.
Well was Steve correct in his opinion? You better believe it. They barely lasted a couple of years before they were done.
So IMO who was the bright one of the bunch with Saleen inc from let's say 2002-2007? Steve was with the help of the money from the investment firm.
Steve leaves them with the vision they had and what happened? They closed the doors via bk!
To close Saleen automotive (slnn) is basically a new and growing company. Any new company will have its growing pains but with Steve's vision and automotive experience, we have a lot of exciting things to come from Saleen! The 2015 Saleen mustang in all 3 trim levels are a hit! Entering the China market is just an ever growing market!
It might not look too pretty on paper right now BUT things are falling into place for this to become a very successful company and a great long term investment.
Completely wrong!
They are producing cars, have over $1 million worth of stock mustang chassis's on the ground!
Now wait, "no funding is damaging fact"?
But if they had funding that would be too wouldn't it?
So no, IMO no funding means they have the cash flow for day to day operations!
If they didn't, they would have had another note issued to cover those expenses.
Instead, they issued a note for PARTS AND CHASSIS'S ONLY!
And from who? Greentech who DISTRIBUTES THE SALEEN BRANDED CARS IN CHINA!
This is a win win situation. Why?
Because now greentech will own a maximum of 25 million shares of slnn stock. If they can produce the orders for Saleen to build, this is added revenue to allow the China market to grow and also the pps to rise on the Saleen stock.
We will be seeing 2015 mustangs I bet numbered into the hundreds this year and will grow year after year. I feel pretty confident that within the next couple of years we will see a huge increase in the numbers of vehicles produced.
Some of this is opinion, some it fact. Regardless the next couple of years for Saleen are looking very promising!
Regards :)
Going off of something that is 6 months old AND they also had NO mustang sales at all reported the quarter!
They have not had a new funding since when January???
The one in may from greentech was for parts and chassis's only. So the revenue flow is covering the day to day operations. Absolutely no doubt about that.
They have $1 million+ in stock mustangs currently. So they are doing something right!
Regards :)
Those pictures prove nothing at all.
The only things they do prove is that they are horrible quality, and the pics were taken either after the end of the work day OR on a weekend.
Also, NO CARS are stored outside over night. One building alone holds at least 100 cars. So, the pic they took that day was after they had received a shipment of cars. Before the end of the day they were all moved inside.
So ANY picture taken after that day wouldn't have the same stock mustangs in that area.
10 employee cars? Lol
I know that is not true either but Ok...
Regards :)
No reason it can't go up!
Converted shares are pretty much sold off. Some more will be coming up in July but after that there are no more converted shares.
Next filing will show increased revenue.
No new funding other then the one for parts and chassis's only means there is enough cash flow currently to support the day to day operations.
So everything is setting up to become something great.
Oh, also the China market will allow Saleen to grow even more.
Lots of great things happening at Saleen for 2015 and beyond!
Who doesn't answer emails?
And calling who?
Haha.. This make me laugh a bit for sure!
I know ex employees as well. You do know that its not always the fault of the company right? Sometime or even a lot of times its the employee that caused the issue right?
Steve is a great person. I personally know him.
Very far from a sham. They build a real product. Not "one show car" either. You can order a car right now especially the 2015 Saleen Mustang. They have many chassis's in stock. Swing by and order one up. Trust me you will love it!
Regards :)
These pictures are horrible and must have been taken with a cell phone from 10 years ago!
They prove nothing at all other then being horrible quality.
Why not ask for a tour to get better pics then this? Would make much more sense to do that IMO.
Still, Saleen is busy building cars and have proven that they have inventory currently to build cars with.
Regards :)
It was 1 photograph and its old.
Just because the picture was supposedly taken 2 weeks ago means nothing.
The photo they took was taken more recently so the old one means nothing and is completely irrelevant.
There are a lot of new 2015 mustangs currently there. And they provided proof of that.
They are busy building cars so I don't know how there is "very little activity going on there"? Lol
Regards :)
Lol!
That is a picture that is MUCH older then 2 weeks!
Go back and look at my post to compare the pics. There pic is recent and this one is NOT!
Nice try though. Lol
Also, I'm sure there are more then just the 25-30 cars in the picture that they posted. That's just all that fit in that area. Haha
Regards :)