Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rodger That!!
What you just don't seem to get, is that Steve Saleen has already gotten himself a rich sugar daddy. And that rich sugar daddy is GTA. If you go back and read my previous posts, although lengthy, I think, I made some pretty good analogies in regards to our current disposition as shareholders. Thinking back, remember when the first loan deal with GTA for the $500,000 was quickly rescinded and replaced with the revised paid in full royalties advance. I hope, that I'm just being paranoid, but here's my worst outcome scenario in regards to the SLNN & Steve Saleen /Steve Saleen & GTA relationship.
The royalties agreement was negotiated between SLNN's debtors, SLNN and GTA. And it allows SLNN to declare bankruptcy while providing a continued royalty stream to SLNN's debtors and allowing Steve Saleen and GTA to walk off with everything. The royalties agreement was never intended to benefit the common shareholders, they will see zip. Without the royalties agreement, Steve Saleen would have lost all of his IP to his debtors. If you recall SLNN didn't just give exclusive marketing rights for the Asian market, but gave GTA and himself the exclusive rights to all IP and manufacturing rights as well.
You may ask, why not just keep SLNN whole or let GTA buy us out. Because at present SLNN is insolvent and can rap up the corporation and declare chapter 7. As it stands now the debt are payable in full. Taking a 20/1 pe ratio for ease of clarification the $10 million dept would convert to a loss of roughly ($200 million) in market capitalization. As it stands, these debts have already been ordered by a court to be payed in full. This royalties agreement provides Steve Saleen the opportunity to defer the outstanding debt over a longer time. By dumping SLNN and starting fresh, the new company will not be burdened with the ($200million) negative market capitalization.
And trust me, I hope I'm wrong due to the fact that I've already sunk over $20,000 into this stock.
It's called PUMP & Dump!!
Neither Steve Saleen nor Saleen Motors owns the rights to any of the S7 S7R or the S5 Raptor Intellectual Property. In fact all of the molds patents IP are up for auction as you read this.
Has everyone heard about the Tesla upgrade a fuse that adds an additional 70+ HP called Ludicrous )0-60 2.8 seconds.
Oh well, I guess we can scrap any hopes that Steve Saleen is going to surprise us with the unveiling of the S8, the next American Supercar. Since I have the feeling that bidders for the S7, S7R and S5 Raptor IP will be far and few between, I was wondering if maybe, just maybe that the auctioneers will except our SLNN shares as tender. We could all go to the auction and pretend that we are Zimbabwe billionaires.
Can somebody fill me in on this auction, where is it?
The crash of the Chinese stock market could potentially work in our favor. I remember reading a news report in YAHOO news, about how the booming economy of China has created such prosperity, that Chinese men are buying for their girlfriends and wives panties woven from 24kt gold thread. During market recessions it's the frivolous luxury items such as 24kt gold panties that are cut out of the budget first. Lean budgets demand conservative solutions that increase the efficiency of the nations limited resources. The investment in economic projects that will create positive cash flow, from a previously wasted resource such as flue gas suddenly become top priority.
I think the statement, about the CSRV engine eliminating over 2700 parts is a misprint and should have read "up to 270 parts eliminated". If my memory is correct, the COATES INC. web page states that there are approximately 122 parts eliminated from the upper assembly of the CSRV engine when compared to a typical V8 4 valve engine. Being that, 16 cylinder diesel generator engines are common, it would be reasonable to assume that the upper assembly of an engine with twice as many cylinders would have twice as many parts or more in the upper assembly.
Were not in a communist country yet! The bottom line is, they sold their shares and you or somebody else bought them. Your statement completely contradicts the whole fundamental theory of capitalism and the principles of free market economics. The free market enterprise system is based on the principles of supply and demand, caveat emptor(buyer beware) and laissez faire(leisure to trade, which generally implies the rights of private citizens, to freely engage in private business transactions and enjoy the profits obtained from such business transactions, without the burden of excessive government interference, oversights, taxation, and prejudices). Investment banking, is the pinnacle of privilege granted to citizens by the free enterprise system. Caveat emptor, laissez faire and supply and demand are absolutely essential elements of the investment marketplace. And it is the securities industry where these concepts are the primary driver of, and most accentuated. In other words when engaged in speculative business ventures you must put on your big boy(girl)pants!
For analogy purposes lets compare your reasoning to a hypothetical situation.
Lets just imagine that you go to the mall during a baseball card convention to sell your most hated baseball card just to get rid of it(GTAT). You know, those conventions where there's 50 tables piled with trading card with a few old timers but the average age of these aspiring entrepreneurs is 13 or 14 years tops. So you approach one of these aspiring businessmen, he's wearing a crisp brown leisure suit with a thin black tie. Out of his lapel pocket there hangs a gold chain attached to a jewelers loop.
Upon approaching the young man to make your offer, you are struck with the impression that this kids shrewd, in fact you ask yourself, is this just a poker face or is this kid really that serious. You can't help but to wonder if hes ever laughed or even smiled once in his entire life. As you are pulling the card out of your pocket you are struck with the memory of just how you came to hate that card so much. You remember that you bought this rookie card because this player was heralded as the greatest rookie ever, destined to be the greatest player to ever play the game. This rookie signs a very lucrative contract (APPL GTAT), you had high hopes so you indulged and bought one of his rookie cards for $22.00. During his first season he was so bad they had to create a new position for him. A position so deep in right field that he was in the parking lot assigned to chasing down balls that went over the fence(Chapter 11). It's now a week before the rookies second season, and you've had enough, you can't bear to even look at it any longer. As intimidated as you are you try to compose yourself as you stare this kid in the eye and make your offer $8.00 you say. You see a thin whisper of a smile as he emits a short and barely audible muffled laugh. Your not sure if it was genuine humor or a joust of sarcasm. A moment of silence passes and you lower your offer, I'll take $7.00 as your voice cracks. There is a short pause and he flatly states, I'll give you $1.40 take it or leave, I've got things to do. At this point you know your out of your league, he's not going to budge, so you plop the card down and and he hands you the $1.40. He places the card in a plastic protector and fastens it to board behind his table.
Now just before the first game of the rookies second season the bus carrying half his team gets a flat tire and is stuck in traffic. Due to this mishap the chump gets a second chance he's up to bat, and he hits a home run, in fact for the rest of the season every time he's up to bat, he hits a home run. After just 20 games he has obtained the highest batting average ever and hold the record for the longest home run streak. The second season is over and the his rookie card is selling for $100,000.00. By chance you happen to be walking through the mall and there's the annual baseball card convention. As you are walking by the various tables you happen to notice the poker faced young man. Upon closer inspection you notice that an older man is pointing to the corner of the board behind the table. And sure enough there's that rookie card except now it has a price tag with a lot of zeros behind it. As you walk up to the table, poker face is reaching up to grab the card as the man is simultaneously reaching out with a check in his hand to finalize the transaction.
Now lets suppose you walk up to them and tell poker face that since he only paid you $1.40 for the card he isn't allowed to sell the card for $100,000.00. Lets stop for a minute what do you think poker face a 14 year old kid is going to tell you seriously. Well, he is most likely going to tell you. All deals final, no money back, what I sell it for is none of your business. GET LOST!! Hey buddy when your doing business with me, you better put on your big boy(girl) pants.
Thanks for clearing up my ambiguity, I would have been more concise by stating that in the CSRV engine the camshaft is replaced with the proprietary CSRV shaft. And that this proprietary CSRV shaft, although vaguely similar in appearance to a traditional camshaft, combines both the camshaft and valve train into one unit.
That's exactly the point, if Saleen was serious about this venture there would have already been reported track times for all the trims. They seem to have the resources to ship all of their cars to China so why not Germany for a trip around the Nurburgring. At the very least, a youtube video showing a quarter mile time. What do we get, nothing. And what about a PR reporting sales orders in China. The big clincher, what about the Saleen Sedan prototype in the video Steve Saleen claims that it has a Saleen proprietary energy efficient motor. With the tax charged on cars based on their fuel consumption that sedan alone could be a billion dollar seller in china.
No that's not correct. According to the claims and presentations made by Coates International only the lower assembly (the crankcase) is actually cooled with oil. In a typical overhead cam engine the oil pressure pumps the oil into the upper assembly (the cam casing) where it coats (no pun intended) the cams tappets and valve assembly and then drains back into the lower assembly. It's the upper assembly in a poppit valve engine where the most hostile conditions exist. This is due to the fact that there are more than 100 additional moving parts and other harsh conditions in the upper assembly of the poppit valve engine, compared to just two in the CSRV engine. It's these harsh conditions, in the upper assembly which accelerate the oils breakdown and limit its lifespan. To eliminate the need for a lubricant oil in the CSRV engines upper assembly the cams are constructed out of a extremely hard and durable nitride treated steel. These cams roll over very slippery low friction carbon ceramic bushings. Coates LTD claims that it is these high tech space aged materials, combined with the fact, that there are only two moving parts in the CSRV engine's upper assembly which allow it to operate without lubricant oil.
I already have, and so far, I have not received a response from George Coates or any representative from COATES INTERNATIONAL LTD.
Since this is a stock forum, created with the intention of sharing thoughts and engaging in intelligent discussion pertaining to the merits of investments. It would behoove me to ask, if any of the other members could contribute their DD to myself and the others on this forum. Remember Carl Sagans quote: "Extraordinary claims require extraordinary evidence". Being that this is, the Coates CSRV board, everyone that has made an investment in this technology should have a working knowledge of the pros and cons of the CSRV system. I have to admit that I'm a bit of a sucker myself, having already invested a few thousand into this stock without sitting down to critically analyze this oil less cooling claim.
All I can tell you is that one night while driving my Fiero, I heard that familiar rattling sound of an engine desperate for oil. The Fiero's engine seals were notorious for catastrophic failure. And guess what, when that lower seal goes and you dump your four quarts on the road your not even going another 500 feet, without breaking a rod. An oil less engine, come on, that's up there with perpetual motion. But I see the cooling fans, hey maybe Mr Coates really has done it. I really hope he has I've got a little bit of dough on him.
If all of that's true, I'm SOLD!!! But just a few more question? What about the problem of maintaining a tight seal on the intake mode of the CSRV cam. A tight seal is also needed to create the sufficient vacuum necessary to effectively draw the fuel air mixture into the cylinder. Understood the diameter of the CSRV cam is greater than a conventional cam and contact time is lessen, but there still has to be contact maintained during the intake, exhaust and power strokes as well. Couldn't these ceramic carbon bearing also be used for the tappets and other rotating parts in both the lower and upper assembly of a traditional poppit valve engine as well? Wouldn't the utilization of these bearings dramatically improve a conventional engine's performance as well?
According to Coates's web page, the extended life of the oil in the lower crankcase assembly, is due to it, not having to cool the upper assembly. It is the extremely harsh conditions present in the upper poppet valve assembly that scald the oil, thus lowering the oils effective lifespan. Which begs the question. How is the upper assembly cooled?
I have just one question. How does the upper assembly cool itself without lubricant? If my memory serves me right, a tight seal is maintained against the spherical rotary cam with a spring and a silicon nitride bushing. High performance bicycles also use silicon nitride bearings, but even these bearings require some lubricant to prevent heat build up. Although I have some serious concerns regarding this matter, I feel that the CSRV engine is a truely amazing technological concept.
To get rid of some of the toxic debt, Steve Saleen issued himself more stock, covering his A$$ at the expense of SLNN shareholders. When I made my initial investment, there were aprox. 140,000,000 shares outstanding today its closer to 1,500,000,000 if the super voting stock is included. Steve did not get rid of the toxic debt, the shareholders absorbed it with the dilution of their stock. The stockholders bared all the burden, we essentially just lost 90% of our equity, Steve Saleen didn't, he just issued himself back his majority stake.
If you go back and read the original GTA note, Steve Saleen is on both sides of the transaction. The note is between (Steve Saleen, the CEO of SLNN) and (Steve Saleen and GTA). Steve Saleen essentially just transferred all of the SLNN IP to himself and his new partner GTA in the case of the SLNN default. The second note at first seems like a better deal, but is it. In this deal not only is the IP potentially transferred in the case of default, it is, and already has been transferred to (Steve Saleen and GTA) along with all manufacturing and marketing rights for the entire Asian market. Keep in mind that the Asian market is the largest and fastest growing automobile market in the world.
OK granted the SLNN shareholders and SLNN debentures holders are entitled to royalties from the Asian market. The amount and terms of this royalty agreement have not been disclosed to the investors, so as it stands the information disclosed to the investors is worthless. Lets look at it like this, just suppose a neighbor makes an offer to your child, the offer "I'll pay you money to paint my house". At what age does a child develop the logic needed to ask well, "how much money are you going to pay me". The Neighbor responds "I'm going to pay you a lot of money" In the securities industry this is known as "fairy tale logic" without knowing the terms of compensation an investor can not make an informed decision on the merits of an offer.
Another angle to be considered is, if SLNN goes bankrupt all SLNN shareholder equity will be canceled. All of the royalty payments will continue to go to the debenture holders, until the debts are satisfied. At that point SLNN can issue new share and resume operations as a new entity. This royalties scheme is brilliant, as it will continue to pay the debt even after bankruptcy and Steve Saleen retains his IP. The royalties agreement resolves any issue the debenture holders have in regards to first liens against any of SLNN assets, and which would have null and voided the first note thus preventing (Steve Saleen and GTA) from retaining SLNN's IP. Contracts are written in such away that they must be interpreted by very skilled attorneys. This royalties deal was put together by very skilled businessmen with motives that most likely differ from those that would benefit the shareholders. A shareholder would be making a big mistake to assume that this royalties agreement, was even written with the intention of representing the SLNN shareholders interest. Remember the devil is in the details.
OK, there's still a chance, that the royalties agreement is a great deal for the SLNN investors. maybe its for 5% on gross sales and SMI has already secured 6 billion dollars in sales of in the Asian market. And there's still a chance that the annual report will show an astounding turn around of SLNN corporation. But without knowing the terms of the royalty agreement we're left in the dark until the Annual Report comes out next week. GLTA
When first reading over the Southridge agreement, I said to myself, wow there's a $.09 stock. But after a second reading, the PR is worded as, up to, and not, committed to, purchase the $20,000,000 amount stated. This agreement, which is in reality an option to buy, and not a commitment to buy. Just one or two words completely changes the meaning of a legal document. Although the PR is still positive, like all contracts the devil is in the details
Just as important, now that China is part of the equation. How many cars are back ordered. Now that there seems to be a growing awareness of the SALEEN brand, there should be a dramatic increase in preorders. With China numbers added, this could get exciting.
WJ2005 observe that every mustang featured in post 9747 are in fact 2014 models. Could be that the Changsha auto show was before 2015 model release. There is the possibility that leftover 2014 stock is finding a market niche in China.
Very good analogy.
Green tech Auto is a privately held entity. They do not have to disclose any information to the general public, such as their owners, officers or any of their financials.
Sorry editing mistake
Lets take a look at this whole China deal, on the surface it seems like a great deal, but is it really. I thought that I gave a pretty good breakdown of the last note in post 7185. In the legal world Steve Saleen the CEO of SLNN has a legal obligation to represent the SLNN Corp. and its shareholders. When Steve Saleen enters into any negotiation on behalf of the shareholders, it's his fiduciary responsibility to negotiate for the best terms for the SLNN shareholders. A good analogy would be, comparing a business negotiation to a sporting event in which the participants on each team are playing to win for their team, and it would be considered dishonorable to put forth anything less than your best effort or to bet on an opposing team to win. In the first note Steve Saleen is clearly acting as a principle on both sides of the note. In the business world, transactions such as these are considered to be unconscionable contracts, and in a civil court a judge would most likely render it null and void, thus unenforceable. The first note already named Steve Saleen as a principle acting on behalf of GTA so Steve Saleen is clearly an acting officer for GTA on the second note as well. Now lets examine the bottom line the SLNN investors at one time valued the IP of SLNN at $40,000,000 that's the stated market cap on this web site. When I started investing my money in SLNN it had a $40,000,000 market cap and when I make an investment I'm out to win and win big, that's why I invested in SLNN. So here's my formula for the appraised value of the IP, a minimum of $400,000,000 / 2 = $200,000,000 [(US + China)- US] = $200,000,000 in today's world that's chump change. In my last post I compared the first note to a Movie, in this one our negotiator sells off a potential multi-billion dollar deal (All of China the biggest economy in the world) for $500,000 plus royalties. Lets call this movie DUMB DUMBER and the COMPLETE IMBECILE, the SLNN shareholders are being treated as if we were infantile children. Without knowing the terms and conditions of the royalty payments this settlement is meaningless. Just what is the royalty agreement. Lets take a look at some possible scenarios.1)Is it a set dollar amount per vehicle if so what amount 2)Is it a one time payment per year, regardless of number of vehicles sold, again no stated amount 3)Is it a percent based on profits, in this scenario just raise overhead and executive compensation and manipulate to any amount GTA wishes to pay. 4)Is it a set percentage based on sale price depending on the percentage, this could be a great deal for the SLNN shareholders. If I were negotiating on behalf of the SLNN shareholders, option (4) would be my choice, a 2% royalty off the top of each sale, per car sold period nothing less. As I stated earlier without knowing the terms of the royalty payments the information the shareholders were given is worthless. The SEC term for this is called "Fairy Tale Logic". So at the very least the SLNN shareholders need to hire a lawyer and demand the terms of this deal be fully disclosed and most likely renegotiated. At this point the SLNN shareholders need to be informed as to, exactly what this intellectual property is, and what its worth. and have legal council representing our interest and exploit our maximum legal rights and exercise every available venue that our legal system allows.
Here is my breakdown and speculation as to just what this IP actually is. First lets look at Elon Musk and his $40,000,000,000 folly, the TESLA electric powered automobile. Again here is another example of "Fairy Tale Logic". And here's why the electric powered automobile is a complete pipe dream that can never be become anything more than a small niche market, a rich mans toy. Lets take a hypothetical best case scenario were electric cars are the only cars allowed in the entire US market and all gasoline powered cars were sent to the crusher. Using rounded numbers for ease of clarification, the average home consumes 600 kwh per month/30 days/24 hrs.= approx. 1 kwh/hr. A Tesla super charger station charges a 70 kwh battery in 1/3hr drawing off the grid 600 kwh/(1/3 hr) equivalent to 200 additional homes added to the grid per Tesla automobile on the road. With the average home having four cars on the road our nations grid capacity would need to be expanded 800 times the existing one. Lets look at a more realistic scenario, one in which the technology is currently available and has the potential for rapid adaptation. Now what if all of the recent SLNN activity isn't the typical PUMP and DUMP scam but something much worse. I originally invested in SLNN because of my high regards for Steve Saleen and his technological creative and entrepreneurial skills. Here is what I think is under the hood of the Saleen Sedan, which Steve Saleen stated was SLNN's propriety property a state of the art high efficiency motor. And here's my guess as to what this engine actually is. Steve Saleen procured with our funds the license and territories for the COATES CSRV valveless motor. The COATES CSRV motor represents technological leap comparable to the switch from horses to the horseless carriage. The Coates CSRV engine, is an engine that has many advantages over the poppit valve engine, such as 66% less hydrocarbons 39% less carbon monoxide 97% less NOX 32% less CO2 in its emissions. China taxes the plates on gasoline powered cars to economically restrict the amount of cars on their roads, in an attempt to reduce the smog burden in their cities. So lets take a best case scenario for both the US and the Chinese markets. Best case US market maybe Ford or Lincoln fast tracked the S8 supercar and it is produced in small numbers, this added to the other Saleen Models equals at best a small niche market with possibilities of greater adaptation into the US market. Best case Chinese market, China being a centalized goverment will rapidly promote its adaptation into their markets, this combined with the fact that China is the largest and fastest growing automobile market in the world equals one of the greatest investment opportunities of the decade. The WM Saleen Sedans have the potential to be as large as Mercedes Benz and our negotiator sold it for $500,000, if this is the case we got screwed.
Go back to post 7185 and read my breakdown of the actual SLNN STEVE SALEEN - GTA STEVE SALEEN terms of the $500,000 note.
Thanks Again!! At least somebodies reading the writing on the wall. I am appreciative of the opportunity to contribute to, and gain knowledge from other peoples opinions on Investors Hub as well. Think about it without this blog SLNN investors would have been keep in the dark about this company. Now I'll get to the point GTA being a private corporation does not have to disclose to the public any of its officers, as far as we know, Steve Saleen could be the present CEO of GTA Corp. By the looks of things things he is most definitely an officer, based on the fact that the loan note is between SLNN (which Steve Saleen is president and CEO) and Steve Saleen and GTA, where Steve Saleen is stated as one of the principles of the note. So lets break this down Steve Saleen and GTA are loaning money to Steve Saleen and SLNN corporation under the condition that if SLNN (CEO Steve Saleen) defaults on the loan Steve Saleen and GTA takes everything minus $10,000,000 debt and any burden to the investors. So lets break this down Steve Saleen is a businees man and is out to make money for himself and hopefully his investors. On the SLNN side of the equation. SLNN is minus $10,000,000 (Debt) and also minus a $ 40,000,000 burden to the current SLNN investors (the last market cap stated on the investors hub web site) added together equal $50,000,000. Like art, the monetary value of IP is extremely arbitrary but using the value that's stated on the Investors Hub website $40,000,000 million seems, a fair appraisal. Now lets look at the Steve Saleen GTA side of the equation if Steve Saleen (SLNN) defaults on the loan obligations Steve Saleen and GTA is intittled to all of SLNN IP minus the $10,000,000 million debt plus $40,000,000 IP valuation. So on one side Steve Saleen and (Slnn)are minus $50,000,000 on the Steve Saleen GTA side of the equation if SLNN default they are plus $50,000,000. Plus $50,000,000 minus $50,000,000 plus $50,000,000 minus $50,000,000, GEE! which door will Steve Saleen choose, if this isn't a confict of interest what is. NADELDA makes a statement about Saleen being like family! Yeah part of the family! GTA is a privately funded corporation, look at the factory its huge it cost many tens of millions of dollars, its obvious it was funded by very wealthy people. By our own research we can see that they have co developed a world class luxury sedan. If this were a functional family would you allow one of its major contributors (SLNN) to be, in essence sleeping under a bridge. Don't you think that if this was a functional family that GTA would have been investing in SLNN equity, if they had done this, all of the toxic debt could have been avoided. The fact that the design of, and the production of a prototype, is a lengthy and capital extensive process yet (SLNN) market cap is presently around $250.000. Yeah part of a family, a dis-functional one. Steve Saleen has basically served his SLNN family the divorce papers even after admitting that he had been cheating all along, spent the family fortune on his younger mistress and left his family homeless to sleep under a bridge. And to make things worse Steve Saleen has already filed for a marriage license and finalized the grand wedding. Great point NADELDA comparing the SLNN GTA relationship to a family is a great analogy. So lets get real its California, this is the way of life there. So what retribution do SLNN investors have well, its divorce court, and that can get real brutal, it will be pretty hard for Steve to prove that he wasn't cheating, there will be a paper trail. But then again Its California anything can happen. Since I have an investment in SLNN I am really hoping, that this is all one big misunderstanding and that Steve has been planning a real big surprise for his SLNN family all along. And that's why there has been all this sneaking around. And just like in the movies, well shame on me and I should feel ashamed of myself for even thinking such things. That could have been the plot and theme of a G rated movie 50 years ago, but things are a little different nowdays. Remember the movie Wall Street and the scene where Bluestar airlines is being liquidated, as a business deal that's where we're currently at, its a done deal, its a rap! Sorry everybody, its just business! But as an investor and by default my tokens are already placed on Steve Saleen, the gate has already opened and the race is on, to late to go back to the booth and ask for my money back. So what hope do we have, well Steve Saleen, like American Pharoah is a pure breed racer and only his EGO could possible save us now. All we have left is the chance that his pride and thrill of winning the race will get ahead of any greed. Its a priority thing as you and Fredvestor have stated many times before most SLNN investors did not make an investment, but instead, placed bets based on emotion which clouded their judgement.
?????????????????????CONTINUED FROM POST 6463!!!!!!!!!!!!!!!!!!!!!
Here are some of my thoughts and insights as to how this stock could play out. Keep in mind that the 1st Q report is now 3 weeks late and could be posted possible tomorrow, in addition to a long over due press release. Looking at some of the photos of the Chinese Auto shows and the SMI web sight there are definitely 2014 models being offered for sale in China. Lets look at some of the possibilities. Saleen could have gotten a sweetheart deal on Fords unsold inventory of the 2014 Mustangs. Saleen being an OEM car company could even be retrofitting the rear ends with IRS and other Saleen upgrades. If this is the case then a deal like this, would be a very profitable venture for both Ford and Saleen. Its also remotely possible that a rendering of the Raptor S 8 and production date may also be released. Dubbed the next American Super Car it would be a headliner and draw quite a bit of attention. But, as sad as I am to say this, it would be a better business decision to shift production overseas and announce its arrival "Now China has a Super Car the S8 Raptor" If Saleen can produce a made in China high quality world class sports car, the Chinese people would go ballistic. A made in America gasoline & electric powered car for US markets and a hydrogen fuel cell battery powered car for export and Chinese Markets. The low cost of Chinese labor combined with stringent quality control just might work. Some people on this board may be to young to have witnessed Japans transformation from the notorious made in Japan CRAPANESE to the highest quality products made. Whether we like it or not Chinese products are about to be, the new standard for quality. Either of these scenarios could cause SALEEN shares to go Stratospheric. Next post I will focus on some of the less optimistic scenarios that could play out.
I am still hoping that Steve Saleen will turn this around, there are several scenarios that could play out here. Lets face it, there is a huge potential for Saleen Automobiles in China. America is no longer the largest economy in the world, Google some photos of some of China's cities they are modern architectural masterpieces, what our country was 100 yrs ago. The sleeping giant has awoken from its drug induced slumber, while the US is now plagued with the same problem and is going in the same path of destruction that ruined China 150 years ago. Google some photos of American cities, they have decayed to such that parts of Dresden looked better after the Allied bombings. Snapshots of a country's cities are a fairly good economic indicator of the direction that, the country's economy is heading. A general conclusion can be made, America downtrend China uptrend.
So here's my breakdown of the current situation. First the good news. A bumper year for US auto sales combined with an extremely refined 50th anniversary Mustang and the potential for a blockbuster no holds barred kick ass S 8 hybred supercar. Added to this situation, additional Chinese sales and other R&D projects with GTA such as the Saleen sedans featured on SMI website and we could have a major turn around. A positive scenario like this, combined with a reverse split could make a marketable investment.
????????????????? TO BE CONTINUED NEXT POST!!!!!!!!!!!!!!!!!!!!
I'm not an expert nor, am I up to date on the current laws and general practices related to fire suppression technologies. But in the recent past, most computer rooms and other highly sensitive electrical components and equipment were protected with Halon fire suppression systems. As I recall, there were two Halon compounds used 1211, 1301 and a mixture of the two. Halon is a clean agent, which means that it leaves no residue upon evaporation, thus does not damage sensitive electrical components. Due to the fact that Halon is a CFC gas that damages the ozone, the EPA mandated all Halon production ceased in 1994. As a result of the pending ban, Halon producers increased production and stockpiled Halon. As of 1994 only Halon produced before this date or recycled from previous inventories could be sold. A quest for suitable replacements such as Halotron have been a high priority. So it is very unlikely, that a insurance company would have insured the Mesa facility without a system designed for sensitive electrical components.
Garyedward71
I have tried to remain optimistic, but at this time your negativity appears to be the sober truth, with all the misery of the next days hangover. Although I am praying for a miracle, that in alone should be enough to awaken me and the rest of SLNN investors from a delusional state and except reality. Two major concerns that every investor in SLNN should have. 1)Considering the extremely competitive nature of the sports car market, why have there not been any actual performance test released as of yet. Specs such as 0-60 1/4 mile skid pad or any lap time comparisons been released. A killer Nurburgring ,willow or any other track lap time for any of the three trims would have been a number one priority. Dodge SRT sells 5000 HELLCATS in 6 months, if the Black label Mustang had any chance a comparative challenge should have already happened, that demonstrated SLNN performance claims. The Black Label Mustang would have received center stage and free publicity in every motor sports magazine. There might have been a chance, this would have generated inquiries at every Ford dealership world wide. 2) While at the GTA web site the V M Saleen sedan is listed as SMI Saleen Motors International. This leaves me to wonder is this a completely separate corporate entity and if it is just what, if any interest or profits from, are SLNN shareholders entitled to. The big Question?