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And not a word about shareholders!!!! How do you feel about that?
I hate to say it DirtyPenny but it sounds like you are right, they are constantly posting about the S1 but have not heard a single word to investors about being revoked. Makes you realize what they are all about. All I can say is that time is ticking for them.
What if they transfers shares to the new CUSIP?
They better address the shareholder situation quick, word on the street is that they have a lawsuit heading their way. Mock my words, the S1 will not save this company, they are going to ridicule themselves at the Los Angeles auto show. Competition is fierce in this day and age.
Under what basis do you make this claim?
Why are you so excited? Saleen left you out again, did he address what will happen with your money? No, they did not.
so much for tomorrow
news shareholders are officially screwed?
Under what basis do you make the claim that it isn't over for shareholders?
I agree, I know people have been trying to contact them with absolutely no response.
What is their number? and name?
Why only tell you about this? why not make a public statement? I don't believe it.
Still too pricy for what it is, imagine what you can get for that kind of money.
and cut your share price so you are left with fractions of what you originally had? I hope not.
this "catalyst" was always known, just never directly addressed...probably because details were sill being ironed out.
but by no means is it a "supercar"
It's the Artega GT that Saleen bought the rights to, rebranded as a Saleen S1 with a Ford engine, soon to have an electric engine supposedly. And yes, that china $2.68 billion facility was true and that is where it will be built.
http://soec.org/saleen-to-debut-s1-supercar-at-la-auto-show/
Why would they post an article and delete it moments after? Makes absolutely no sense.
so you are saying there is absolutely no way a revoked pink sheet stock can come back?
Never say never; here's a word and it's full definition for you; nothing but polar extremes on this board.
DEFINITION of 'Relisted'
The return to listed status for a stock after having been delisted from an exchange for not being in compliance with the exchange's listing requirements. A company's stock may be delisted either by the exchange or voluntarily for a number of reasons including bankruptcy, failure to file mandatory reports, or a depressed share price that is below the exchange's minimum threshold. Once the company puts its house in order and meets the listing requirements, it can apply to relist its shares.
https://www.investopedia.com/terms/r/relisted.asp
been waiting for 3 years hahaha
I knew something was brewing, but why shareholders get screwed?
Amazing, so it is true:
http://soec.org/saleen-s1-mid-engined-supercar-launched-in-china/
Now what happens to shareholders?
Big big news, a few weeks too short...from a legit source
maybe we will see ticker comeback soon...or maybe shareholders got cut out?
Saleen most likely deleted their comment after "accidentally" posting it and you missed it, just like you missed the imaginary investor meeting lol
Saleen specifically said they had an electric sedan for the china market, yet no china factory? where will they be built? or was that just a failed pump and dump
Do you think they are going to relist?
I literally laughed out loud.
I wonder if they will hold it in their new trailer they somehow was able to afford.
How are they supposedly holding meetings when they can't even simply respond to their investors.
Trust me, i've seen them, nothing wrong. You can't even explain yourself, weak arguments, no point in being a fan boy when the company burned you.
To hide the fact that they were indeed pumping, imo
Especially when they "accidentally" post a picture of something that wasn't suppose to be shown, (ie these so called electric cars) that is also intentional pumping.
Oh yea? and what was Steve's magnificent vision? To make something new like the Saleen Camaro and Challenger? Where did this vision take him? You guessed it; back to bankruptcy. These "Investors" may have ran the original Saleen to the ground, but he ran the new Saleen to the ground himself.
When you have the time to ask him about his vision, ask him what he plans to do with the money he took from you, and if it is ever going to go back into your pocket, because I'm sure they obviously have a huge source of money coming in, and hiding it from you.
They are hoping you would pay for their "brand"....a brand that doesn't mean s**t no more while parading around in a car that is symbolic of winning a race 40 years ago...trying to ride on the glory of the mid/late 1900's that just doesn't cut it anymore. This a company that went bankrupt making about a 1000 of the Saleen Mustangs a year, with the sports truck, Saleen S7, and Ford GT deal, etc.....how were they going to survive making 1 or 2 cars here and there from time to time? They couldn't pull it together in time. The old Saleen company wanted Steve gone for a reason, but now he's back and bankrupt again. No idea how they have the money to keep going.
There are many companies out there that are trading above their book value, anything is possible
Even if this is true, what makes you think all of them sold their shares? Nothing but speculation here.
Some updates on the direction of the company:
Although the company is still overdue on releasing financials, here are some moves in the right direction Saleen has made in the recent months, all of which credit must be given for continuing to develop and grow as a company despite shareholders being left in the dark.
-Building new partnerships with Ford Dealers across the nation (California, Delaware, Maryland, Virginia, Texas, Arizona, etc.)
-Forming official Team Saleen with new merchandise. Team Saleeen
-Saleen China deal (details yet to be released with new XLD sedan and artega GT)
-Amy Boylan as President and COO. Article
-30th Anniversary Championship Commemorative Mustang with a special track edition.
-Introducing the Saleen STX Truck (Coming in November 2017).
-Plans in the work for 2018 White and Yellow labels.
-Forming relations with companies such as General Tire, Orafol, Dannmar, etc.
-Maintaining a presence in the automotive community.
-Saleen S7 LM Edition - $1 million dollar supercar
-Saleen Police car build and donated to Riverside Police Department Picture
Saleen 30th Anniversary Mustang
Saleen STX Truck
New Dannmar Lifts
2018 White and Yellow Label Mustangs
Saleen S7 LM
Good point, I am sure some deep pocketed people are investing big time and paying their bills, but why are none of them buying into their stock, or anyone in general? If they aren't buying, why should anyone on here buy? With the prices they have going on here, it should be pocket change for them
there will be plenty more, don't worry, have you not caught on yet? when they disappear, millions more will take its place
Trust me, I'm not here to bash on the company, I want it to do good, but I'm not being fooled by BS news anymore, it's time to see numbers and results.
Seriously? There is bigger sh*t out there that they can clear up and announce, but instead they want to show you a picture of a saleen truck, those were never even popular to begin with, their Mustangs were most popular and brought in the bulk of the revenue and we already have that, how about showing us a picture of the financials to see if they are even making money and who is paying their bills
thats some BS news, just like i said, just a picture of the same old sh*t that hasn't got them anywhere
maybe not a clay model, but a picture or two if we are lucky lol