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.
Please provide the link where it says they failed to get financing or that they needed financing and didn't get it?
Also provide proof where it States they haven't built any cars?
Again, these are just "opinions" being posted and nothing more. I thought they were going to be closed over a year ago and the stock at zero? What happened to that? Oh ya, I know what happened... It didn't happen! It won't happen again this month either just like the past 12+ months it has been posted and didn't happen.
At the end of the post it even states the following:
These comments are my opinion.
I have lost count the number of times the same thing has been stated.
Over a year ago they were suppose to be closed and??? They are still open.
They won't ever get a stock TESLA and produce the Saleen TESLA and???
The 2015 Saleen Mustang Black Label probably will never be shown and???
All the of above vehicles have come out and are being produced unlike the opinions that have been posted in the past.
Saleen will be showing an increase in revenue in the coming months with the 2015 Saleen Mustang being in production in all 3 trim levels now.
No different then the claims the stock will be at zero for the last year. Or how about being closed at the end of every month for over a year? Neither has happened by the way.
It has not lost 50% of its value either since the black label was introduced.
There are hundreds of thousands of people that have followed the Saleen brand over the 30+ years and also new followers because of the Saleen stock. These people are from celebrities to the average joe.
All of these people that have followed over the years can make there own judgement on how to invest there own money. I am sure they will also do there own DD before investing as they should with any investment. If they don't know how to do there own DD, they will speak with a financial consultant and not base there investment on what they find on the internet. Just like if I was buying a new air conditioner I wouldn't go to a window/door company for advice.
I'm not just "cherry picking" items.
I have stated in past posts in response to some items on the filings that actually went DOWN but also mentioned that some went up. The difference is me mentioning BOTH sides and not just one.
They started the year with $1.1 million in total assets and they ended the year with $1.3 million in assets.
They started the year with $9.2 million in total liabilities and they ended the year with $8.8 million in total liabilities.
And when it doesn't happen this month then the same thing will be said next month. It has been said again and again and again. Getting pretty old as it is NOT going to happen.
No reason was given why he left. Maybe he was retiring? Maybe he had a big case coming up that he wouldn't be able to handle properly if he still took care of Saleen as well. So the "opinions" mean nothing at all because thats what they are, just "opinions" which have been the same for over a year and has not happened as stated.
Assets have gone up over the year, they have paid on the liabilities like payroll taxes if you compare the march to december filings.
All evidence indicates that both will happen this month
There is buying and selling going on, not just selling.
This is the same thing we have been hearing for over a year either stock going to zero or they will be closed this month. Month after month its the same "opinion" posted but hasn't happened in the last year+ of posting it over and over again.
Saleen will be around past the end of the month. The stock will not be at zero at the end of the month.
Good things happening with the release of the Saleen Mustang Black Label!
Well maybe Disneyland and Fantasyland should have provided the true facts vs the incorrect facts to what actually happened.
I was personally there talking with people at the Troy and also walked around through the plant many times before and after steve left.
So I guess you can say I got it from the horses mouth and not a 3rd party.
Oh I know. That is exactly how it went down and its good that the actual truth is posted compared to another view that is very much incorrect.
How many times did the money from the fire sale exchange hands? 2-3 times I believe and that was all over just a couple days too if I remember correctly.
Ah yes, the trio of greats like Paul Wilbur and Marques McCammon lol. At the time they were having trouble after Steve left I had a conversion with Marques regarding the rumors. His words "so does it look like we are closing". Well we all know how that story went.
I believe the figure was $2.2 million that they sold/dumped it for. Now the liabilities were much MUCH more then that. I heard it was $25-50 million but I don't know what the actual amount was. Maybe you can fill in the gaps a bit
Please don't forget that Hancock ran the company since they were majority share holder, not Steve. They were the ones that ran it into the ground. The vision they had to go forward was not going to work so Steve left. (and that vision didn't work for the investors now did it?)
Not true at all... HP had control of the company NOT steve.
HP ran it into the ground with ugly designs that NO ONE wanted. The PJ is that last nice car that came out of the OLD Saleen and guess who was behind that, yep Steve was.
Wasn't the same thing said in the past for 2014... What happened with that? Oh yeah, they are still open and producing vehicles.
Well the correct information is that Hancock Park invested in Saleen before 2005... Just proves the lack of knowledge on this subject.
Also, he wasn't fired he left and had good reason to base on the outcome they had with the company and the horrible vision they had with the ugly cars they built AFTER he left.
ANY stock is a gamble and NOT a for sure thing. If anyone thinks that they should not be making any investment at all in any company. Who would have thought GM would have filed BK and stuck it to millions of share holders several years back?
The worse was when Hancock was running it. They ran it into the ground with horrible designs and models that no one wanted. They made many changes that anyone that has/had a Saleen vehicle disliked. The last special edition vehicle that the old Saleen produced was the PJ which of course was because of Steve's vision and NOT Hancock Park!
Good going on the purchase ronshappy!
Its only a matter of time that this takes off!!! Looking forward to the rest of 2015!
Not surprised at all honestly. Make comments and opinions not knowing who the people actually are in the said comments. Ya, thats someone I'm gonna listen too lol
Really... Ummm did you see the video? I saw Sven and Sean both LOL
Again, it does NOT say BANKRUPTCY does it? So please show me where in the filings that it specifically says it?
They have continued to raise capital and they are still open. The number of times it has been stated they will be closed by the end of the month they should have closed over a dozen times now. LOL
I stated that there is no where it says BANKRUPTCY... Pretty bold statement towards me that I am lying when I don't see anywhere the word bankruptcy.
We could sit here and do the something with most companies including Tesla as an example. You are just stating an opinion of what the going concern means. I feel this is the something I heard over a year ago and look they are still open!
Its still a going concern regardless. And no where does it state bankruptcy in either filling.
But in the past it was stated that there is nothing to worry about with tesla??? What happened to that?
It is on Tesla's 10Q BTW. So I guess Tesla is another Bankrupt company according to these risk factors
Just like Tesla has stated there risk factors as well right?
Hmm... ok. Well Tesla has a going concern statement as well.
Pretty much ANY stock has a going concern statement not just Saleen.
Here is a lesson on HP and how its measured:
http://auto.howstuffworks.com/horsepower1.htm
Bigger wheels will do NOTHING at all in decreasing HP. Making a statement as such shows little knowledge regarding high performance vehicles and what makes them create the HP that is being stated.
Here is also some info on rotating mass and how bigger helps by pushing the weight out from the center of the hub.
http://www.w8ji.com/rotating_mass_acceleration.htm
Now, more weight will make a vehicle go slower even with the same HP rating or the exact opposite if it weighs less it will go faster. Aerodynamics is another big factor which is why so much time is involved in the r&d of this and other Saleen vehicles. Again, to make it go faster.
There were no stated figures on what the car that was shown last night would cost, and the California Sunshine paint is a special option and price which will probably cost $25k if I had to guess. So just throwing around numbers that haven't even been stated is irrelevant until an actual stated price and or price sheet comes from Saleen directly.
Up to 750HP in the brand new 2015 Saleen Mustang Black Label. At the unveiling it had a brand new paint color called California Sunshine.
Beautiful car with great things to come from Saleen in 2015!!!
I doubt it based on the stock staying at this level for some time and also the 2015 Saleen Mustang now available. Last year was a partial 2024 MY for the mustang because of the 2015 coming which hurt the Saleen Mustang sales so we will see an increase.
They have been paying on taxes etc and I have proven that based on the most recent filing compared to the march filing.
Over a year ago to current it has been posted MANY times the stock is going to zero and also bk is soon. Neither has happened so I am sure we will be sitting here in another year with the same things being posted but never happen.
They are not required to say why he left regardless what the reason was. Again, just speculation and not proof.
Could be any reason under the sun why he left. Regardless spreading rumors that have no PROOF to back is just ridiculous.
Over a year ago it was "headed to zero by the end of the month" but that never happened.
Steve resigned, not fired. And we know how all those great bunch of guys ended up running the old Saleen don't we? They were all a joke and the cars they produced were horrible.
And how many times for more then a year now has it been stated its going to zero and has yet to happen?
Still didn't provide a link regarding the resignation and the reasons behind it which again just proves more that its only an opinion with no facts behind it.
And you can believe EVERYTHING you read on the internet right? Especially on Yelp or BBB?
No facts to imply that at all. This is all opinion and or speculation of what one THINKS is the reason.
Please provide a link that backs up what is being stated?
Oh, so now its BK not the stock hitting zero? When did they file bk again? Oh yeah, thats right they haven't its just the opinion again being stated... No proof of that and it also hasn't hit zero like stated in previous opinions! Let me guess, the stock goes down again it will be the stock hitting zero before bk right?
Lol... Opinions only regarding the taxes... No proof that a payment was missed just making an opinion once again and ignoring the fact that the amount went down over nine months among other amounts that also went down.
And what a joke it is the sec filing charges? Haha Now thats a funny one there I tell you.
Oh, so now its not going to $0.00? So which is it?
Yes yes, it did increase last quarter but decreased from March to December which again should have increased IF they were not paying anything on the taxes right??? Yes they are behind BUT have paid on them in the last 9 months!
This is not opinion, this is fact.
What dies hat have to do with me talking about how the stock has not gone to 0?
And yes it does matter... Just proves they have been paying on them in the last 9 months which is positive BUT thats not what a few want to hear. Just the negative only.
And if hat wasn't important hen why do yearly reports???? Lol
I stated it before, look at the 9 month... Figure it would go UP a lot from March 2014 to December 2014 but instead it went DOWN which means they have paid on the taxes. Sure it went up $50k but it still went down over 9 months. But wait, thats something positive that I'm pointing out right?
Also the price has gone up per share again not down like the opinions stated when it hit the low of $$0.015. But let's not talk about that since it isnt something negative. Regardless of how many shares have traded it still went UP not DOWN like the opinion stated!