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Agreed, they're continuing their delusional marketing attempts to try to lure others into investing in the ponzi scheme.
You know Saleen writes and then pays companies to releases these "updates". It's not like a real news outlet is doing this. I can makeup some news and pay a company to publish it, like Saleen does.
Wait, wasn't Saleen profitable back then when Steve wasn't in charge?
How can you honestly say Saleen is managed at all. How do you explain over 12 in debt, countless debts unpaid, toxic loans, lawsuits, and dealerships wanting to know what happened to their money, plus another 1 million in missing deposits????
If this is well managed, I guess my company is the best managed firm on the EARTH......Ever!
The stock is at 2 cents. Definitely not looking good when nearly a million shares are dropped.
I know a lot of people who are interested in a class action against Saleen and also pursue civil suits against Steve and Molly Saleen. I purchased thousands of dollars worth of stock at .43 cents a share. I know I was defrauded.
I hear David Feine (spelling) does not know what to do with himself over how terrible operations are. Apparently he's left to clean up the mess of spending for the entire Saleen company.
If everyone Steve screwed over went after him, he'd owe ten of millions of dollars.
People are asking about the 2015 Mustang, unfortunately, there is no way Saleen will release these.
Saleen should end up on American Greed the TV show. He's a perfect candidate for their show.
Use it as a lose on your taxes. Saleen defrauded you, me and a whole lot more investors to pay for their lifestyle, travels, and whatever else they're into.
How terrible that Steve has ripped off so many more people. Nearly a million dollars in deposits GONE!.
Saleen needs to be shut down, simply to prevent any further customers getting ripped off.
Insider Info: Steve Saleen is now hiding from dealership owners and vendors who come to the shop looking for their money and cars.
Villa Ford owner came in looking for his $200,000.00, screaming at employees and looking for Steve.
Invest at your own risk, but come on now, who's going to invest?
The stock is at 2 cents, what big things can come from this?
I was just going to say that. Not even 3 cents traded today.
Whoa relax, just going on what I heard. Nevertheless, if they didn't piss away over 12 million they could have a proper booth.
Update from sema. There is only one Saleen vehicle and it's a dodge challenger.
Sema is a must show for any car company. Roush has a few booths, several cars including the 15 mustang. Roush also has cars on the Ford racing track.
Why would Saleen not have a presence there?
Saleen Automotive is laying off employees. You don't lay people off because business is growing.
Don't feel bad, I paid .43 and feel screwed.
The fees and penalties only matter if someone is going to honor and pay them.
4.6 now, how much longer can this seriously continue? Can they ever make payroll?
I'm not really into losing money. I'll pass on giving Steve anymore money.
Agreed, I think the 2015 Mustang would have to be his savior!
It really makes no sense to try and expand a business when the initial product/service is failing. Why make a pickup truck and over reach your current business model.
This is desperation.
I think this is it for Steve in the world of business. The amount of money pissed away has been far beyond what should have been spent.
There was clearly over spending and looks misuse of funds for personal use.
A gigantic plant that was far beyond the size required.
3M on administration expenses in 1 qtr is a joke. Whoever believes this is accurate and true needs help.
The luxury vacations of the Saleen to St. Barts, Europe, China, Hawaii, The Hamptons and so on, should be investigated to see if those trips were funded by business and investment funds.
Steve should have stuck with what he knows, the Mustang. If he was to develop an amazing 2015 Mustang, managed expenses and made good on past errors and mistakes, chances are, he'd be able to keep a good business going.
That unfortunately is not the case and he spent more than $12 million dollars of investors money, all while collecting 20K a month salary plus expenses.
Recovering what you could, I did the samething. I bought in at .43 and sold sometime ago.
If there is a miracle and this company survives, I will not invest again.
I saw the video of the new P85, an awd beast! I really want one.
Unfortunately, I think this release may have sunk all hopes for the 416.
I do understand rich car nuts, and only one has a Saleen and it's an S7.
I've been into cars as long as I can remember, and I understand that the price of cars goes up with time, demand, etc. I find it beyond comprehension that anyone would drop 100k on a Saleen Camaro.
Would you get a loan for 22% interest, unless you know you're not paying it back?
The stock is at .4 cents. It's absurd to think there is any chance of survival at this point. They're tens of millions in debt.
Why buy an "old" body style Mustang when everyone who wants a Mustang will be wanting the 2015 body style.
Who cares about the resale value of a Saleen is? Are they reselling their cars?
Saleen is broke, bankrupt and smothered in mounting debt with mounds of creditors looking for their money.
Regardless of what happened in 2008, Saleen is broke and will soon unfortunately be closing the doors leaving many without work, many defrauded investors curious as to what happened and many debtors wanting their money.
Yea, Saleen is at 4 cents. RUN!
Are people really buying the 416? Is there real orders with real payments from real sources or a paid press release from Saleen?
For those who research cars before buying would learn the new P85 is a better and faster car with a real warranty. I can't imagine there is a line to spend 100k extra for a car that is not as good.
The pointless loans of 160k will keep them afloat for what, a week?
Trading has been open only a few hours and 600k shares have been traded dropping the stock to nearly 4 cents, now sitting at 5 cents.
This is the end.
Impressive, I saw it in person, didn't ride in it, didn't want to.
I am interested in the new Tesla Model S race the Saleen version.
Have you heard it in person?
I have, it's awful. It's like a winding screeching that makes no sense. I did see the car in person and the opinion of viewers was not favorable.
Thanks for the clarification, I thought it was odd they had so many.
Roush posted photos of their 2015 Mustang, not a rendering, a photo. How did they get theirs?
Is it a great time to invest or what? Down to .5 cents a share. I lost my ..... on this stock. I'm curious what will happen now as Saleen is looking to be in serious financial trouble, how will Molly party in the Hamptons?
What will happen to the 10000000000 Red 2014 Mustangs they bought? Auctioned off??
The Roush looks good. Someone mentioned that the 2015 was not available anywhere until October, but it looks like Roush was able to get their hands on the car. Why couldn't Saleen do the same?
As predicted they release a DRAWING of a 2015 Mustang.
Why do they have so many old model mustangs all in red?
A couple weeks ago or so. Would you really buy more of this stock knowing the financial condition? It's a great investment if you need the loss.
I live in Orange County, same here. Let me rephrase, Who is going to spend 200k on a Saleen that is slower than the Tesla its made on that they can buy for 100k?