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.
They just started shipping the 2015 Saleen mustang so it will be the next quarter that you will see an increase.
Don't forget to mention the some of the figures went DOWN not just up. That includes payroll taxes that went down.
I swear I remember hearing that when it hit $0.015 a share that it was going from there down to zero? And the complete opposite had happened...it has come up off the low.
Ok, then please show me where it was posted that it did go DOWN between those two quarters?
Thats easy, it wasn't because that would have been something positive to point out. It's only negative that is posted, but never positive.
Payroll taxes for the quarter would be more then the increase of $50,000 so they are paying on them each quarter... This quarter they went up, but like I pointed out they have gone down too.
Actually, I am laughing out loud because some of the posts are very funny.
As for the taxes going down, I stated that from March to Dec they went DOWN! I didn't say anything about from last quarter to this quarter reports.
Ok, compare payroll taxes from March 2014 to June 2014 and they went DOWN again:
March 2014 $669,575
June 2014 $612,716
So there is your quarterly as saying comparing 9 months aren't allowed.
LOL... It went DOWN! Are you disputing that?
Remember, this is 9 months and you know they had additional payroll taxes from then till December but it still went DOWN!. IF there is not reason to survey the reports then there is no reason to have the reports at all.
I compared from March 2014 to the December 2014 report... Please read my post correctly. I was comparing the 9 months!
LOL.. I have. I showed how the payroll taxes went DOWN and also stated that some of the other figures went up... So no, I haven't dismissed every comment. LOL
Maybe other have.. I have shown my knowledge of the company past and current. If it is a fact I have proven it with actual facts.
Opinions again...
IT has been stated in the past that "they will be out of business by the end of the month"
Saying its a "Scam" is an opinion only... An easy copout to use.
LOL... All I'm saying is its been posted before. It has been stated many times they will be closed by the end of this month or next month etc. Saying they raised more $$$ just proves that making a statement of them going to be out of business by the end of the month is just ridiculous!
Broken record??? LOL Now thats funny. Thats what I hear all the time is the same "opinions" again and again. And thats all they are is OPINIONS!
Yes just like "they will be closed by the end of the month" didn't happen either right?
That has been posted probably close to 2 dozen times... Maybe even MORE LOL
Opinions opinions... Thats all I hear!
No, the statements "they will be closed, bk etc have been stated MANY times over for more then a year. Please don't deny that because if you want I can direct you to the posts where this was stated before.
Really... There have been pics of a few Saleen Tesla's but then again this also goes along with the statements before that they don't have any cars in stock then you saw a picture of 30+ stock mustangs lined up but yeah they don't build any cars.
You say there is no proof of them building cars, well there is no proof that Weiner owns the car either. Lol
Yes just like they were going to be closed over a year ago? How did that work out because they are not closed. Knowledge?
"Saleen will never produce the Saleen Tesla or even get a stock Tesla to use" They have produced it so wrong again. Knowledge?
Yes, the only thing is the stock price which once they are in higher production of the 2015 Saleen Mustang will increase revenue which will also boost the stock price. With the change over between new design the sales will drop especially with the main source of the revenue stream being the Saleen Mustang the one that is the new design.
Just like Saleen didn't make 500 Parnelli Jones Saleen in 2007???
To continue throwing numbers around with no knowledge of actual production numbers just proves the lack of knowledge about Saleen period.
Sure, pulling stuff from the filings like the 10-Q to just post negative "opinions" still doesn't prove knowledge about Saleen at all.
Hmmm... Ok so let's see here this is from the most recent Dec 2014 compared to Mar 2014:
December 2014 March 2014
Accounts payable $1,779,782 $2,048,310
Notes payable $616,793 $1,275,774
Payroll taxes payable $635,250 $669,575
Accrued interest on notes payable. $328,872 $380,257
Accounts to be
settled by issuance $75,000. $470,534
of equity securities
Yes there are some that have also gone up BUT some have gone down as well! Payroll taxes have been paid down from march till december and you know they accrued addition payroll taxes from march to december but the figured still went down.
Just like no mention of the deferred CEO salary... Just like its been mentioned one figured of what they currently have instock of parts to build vehicles but its actually more then what is stated.
I can go on and on but I won't.
Yes I can give you some advice.
You will notice positive and negative information so you must make your own opinions how you feel about Saleen.
I personally think this upcoming quarter will be a good one with the 2015 Saleen mustang in production and the release of the 2015 Saleen mustang black label we will be seeing positive things.
Now of course you can read into all the other things like the report they just published as all bad BUT they have been paying down debt and taxes because if you compare the past reports with the current ones the amounts would be much higher then they are currently. I want attention to be brought to that because no one has mentioned it.
So good luck in what you decide regarding Saleen!
Google Parnelli Jones Saleen and see what pops up. The 500 PJ cars would have produced about $25-30 million in sales for Saleen as since the car stickered for about $60k each but thats not what they were sold to dealers for.
As for 3 times revenue in 2007... That year they produced over 1300 cars so no the revenue for that year was much more then $10 million dollars lol.
MANY companies lose money. If thats the case then I guess a same sector stock Tesla is a scam as well.... $108 million loss last quarter. Not even close to breaking even and will never be. People have a lot more on the line with Tesla then they do with Saleen. Saleen is a lot closer to breaking even then Tesla will ever be. Especially with some of the comments coming from Elon Musk "having an equal market cap as Apple" I mean really? Lol. NEVER going to happen
Saleen will have a great year for 2015 because of the 2015 Saleen Mustang being released and you will see the gap between sales and losses get much smaller.
The cost of the 2015 Saleen Mustang doesn't include wages etc into the figure... That doesn't make any sense at all. It would be the total revenue minus all of that. Anyone that understands how business works knows that.
They are making money on every car they sell period! Anyone can try to twist the wording and make it look bad to make there own opinion. Like I have said before and I will say it again... The company was basically brand new AFTER he left the old Saleen.
Just like I said, they produced 500 Parnelli Jones Saleen Mustangs back in 2007 which I proved which I have done before on other examples... Not much to say about that?
Steve isn't going to sell out his shares so please... LOL I just laugh at that one.
LOL... Makes me laugh the incorrect information that is posted all the time. So let me clear this up a bit for everyone incase they didn't already know.
First off, the Parnelli Jones was a VERY successful vehicle in 2007. If i remember correctly they produced 500 vehicles.. Not a one off as stated. This was a vehicle that was introduced when Steve was still involved with Saleen Inc prior to his departure.
Dan Gurney - This vehicle was produced in 2008 AFTER Steve's departure. It was a FLOP... Didn't sell and didn't even get close to the expected total production since it was a FLOP! Steve had ZERO involvement with this vehicle and just proves why Steve left with the vision the investment firm had on the company.
Fullmer - Again, not just a one off vehicle. I haven't heard the exact production numbers on this vehicle but I'm going to say its between 50-100 cars.
S7 - The S7 wasn't a one off vehicle either... Has won multiple races around the world. Google S7 and you can verify what I'm saying about the S7.
Black, Yellow & White Label Vehicles - This is no different then Ford have an SE & Titanium trim levels. They are produced in the Mustang, Camaro and Challenger vehicles that they produce.
Proprietary Sports car and Electric Car - I have no clue what you mean Proprietary Sports Car... Maybe just trying to throw something else negative in the mix even though 99% is not negative...
New Clothing Line - There is not a new line of clothing... They haven't brought out a new line, maybe new clothing but not a new line. And why wouldn't they LOL.
Plant Expansion - They have a 4 acre campus and to my knowledge they are not expanding further.
So after all of that, Saleen is a real company... Produces vehicles.
The only thing that was posted that was true in all of that was the Dan Gurney edition being a flop and that was produced by the Old Saleen Inc that Steve had nothing to do with!
Exactly what is said at the end of the post, they are just your OPINIONS and nothing more. If they weren't, then you wouldn't post that at the end of the post.
Thats like talking about Mark Cuban being involved with xyz company and Marcus Lemonus being involved with xyz company. It has nothing to do with Saleen and shouldn't be talked about on a forum dedicated to talking about Saleen and Saleen only. You even said it yourself!
That was even stated on the Saleen wiki talk page wasn't it...???
What's most interesting is this is the only thing brought up anymore as Saleen continues to disprove the other opinions... Like them never producing the Saleen Tesla... Or them producing the 2015 Saleen Mustang.
I think anyone that was to read from the Saleen wiki talk page would see its very clear that one person was trying to post there point of view and not facts. They even said that multiple times on the talk page which everyone can see is true.
Again, these editors/admins whatever you want to call them on wiki stated that its a POV that was being posted which can also be called an opinion so please, I'm not stretching anything at all. It is all right there in text. The last post says it best IMO:
No one is "trying to protect Saleen's reputation" - we're trying to keep Wikipedia neutral. You, however, are an agenda-pushing troll who is now violating BLP. Cease and desist in this wasting of our time.
This all gave me a good laugh... I mean really??? This is a perfect example of taking something and stretching it to the extreme because there is NOTHING else to come up with.
I thought they were already closed months ago? At least that was the opinions posted for over a YEAR now and has NEVER happened.
How did the citations go on wiki a couple of months ago? Oh thats right, they didn't go anywhere and were deleted. These are people (the wiki admins I will call them) have 0 involvement with Saleen and they even thought it was not viable information and banned certain people from being able to edit the page. If the people over on wiki thought this was good information to post it would not have been removed and users banned from editing the page. Here is the link to the wiki talk page of Saleen showing how ridiculous these citations are... Again, these people saying it isnt relevant are people that have 0 involvement with Saleen... Just basing their opinions on what another contributors have posted, reviewed it and then removed it:
http://en.wikipedia.org/wiki/Talk:Saleen
So let's look at a few key points here:
Saleen is still open, producing cars. Has produced the Saleen Tesla even though some said it wouldn't be built. Saleen is producing the 2015 Saleen mustang which again some said wouldn't happen. These are all things that the opinions have been wrong about as well as saying they would be closed month after month which hasn't happened either.
Opinions is all I hear. Please tell us what position you hold at Saleen since you seem to know so much? And I thought they were going to close over a year ago as well according to the opinions previously posted???
Saleen will NOT lose $$$ on every white label they sell... That is just an opinion and no proof to back it up.
2015 Saleen Mustang being unveiled in Feb.. Ya, nothing good right.
Opinons, opinions... Thats all it is. I thought Saleen was closing a year ago and the stock was at $0.00 already???
If that was so, then it would have been at $0.00 and closed like has been stated in the "opinions" for a year now. Just wait, good things to come in 2015 unlike what some say...
Based on the "opinions" it should have been at $0.00 and them closed but that hasn't happened... But now the "opinion" is $0.01?
Once they are in full swing production of the 2015 Saleen Mustang we will see the sales numbers increase as well as the stock. 2015 to be a good year for Saleen!!!
Umm... LOL Completely different company. Has NOTHING to do with the distribution deal at all to China!
Well... it has been posted pretty much monthly now for over a year they would be closed by the end of each month and it has yet to happen. They have announced new projects (Saleen Tesla) which was stated to never be built but it was officially unveiled in Aug 2014. The actual car that is was shown to the public.
So its pretty obvious, that the opinions stated have pretty much no leg to stand on. And thats what they are, just opinions. Nothing else.
Well remember the stock is going to 0 and they are going to close but the end of August... Oh, thats right, its now December and they are still open LOL
And it trading at .03 but then it jumps to .20 next year isn't a good investment? Its all about making money and if people would have listened to the opinions when it was at .05 and jumped to .12+, people wouldn't have made money.
Its been coming up to almost a year since people have been saying EVERY MONTH "they will be closed by the end of the month" but it has NEVER happened! So please, these are opinions that have been posted time and time again are just ridicules. And thats all they are is OPINIONS!
The way it was posted the first time is they got the chassis free of charge period... I know how Saleen sold the vehicles thats why I responded to the post.
I don't think your post is very appropriate because you don't have a clue as to who I am or what knowledge I have regarding the automotive industry. I have proven time and time again my knowledge regarding Saleen and have proven you wrong on some accounts. So please refrain from the personal attacks.
So this goes along with then being closed months ago right? Or not going to produce the saleen tesla? Those opinions were incorrect like many other opinions stated in the past.
Hmmm... No cost on the chassis to Saleen? Thats a new one.
Also, developing a car now is a lot different and more efficient compared to when the S7 was developed.
I'm confused by what you are saying...???
What is the point your trying to make so I can understand it better?
Just like it would be at $0.00 by now... And they were suppose to close months ago as well right? Again, many statements are opinions not fact. And soon enough will be proven wrong.
Who has said that Saleen owns it? Maybe they do, I don't personally know so I can't say either way. But regardless if they do or don't it means absolutely nothing at all.
Opinion only... No proof.
No real product to sell??? So I'm guessing the cars seen at the LA Auto show were fake? All the cars in there plant must be fakes as well.
And its not the first time so there is no point at all. Like I stated, I know of many vehicles that have been shown before that are not owned by Saleen. Nothing wrong with that.
Well, I will tell you that it doesn't matter as to who owns the display vehicle as I know of many vehicles in the past that were owned by "John/Jane Doe" that were used as display vehicles for up to a year. So trying to figure out who owns the Red Saleen Tesla is really beating a dead horse and won't prove anything at all... I have even owned a Saleen vehicle that was shown at the Detroit Auto Show years ago so I also know for this to be personally true.
Well its already very clear with what has recently happened on the wiki page... And the responses from others that have NOTHING to gain or lose with the page have made it pretty clear. In the coming weeks and months things will be more clear... Your right about that. Heck, we can go back several months how they would be closed already and the stock would be at $0.00 but neither one has happened right?
So yes, its very clear... Pretty much cut and dry... The intent of some posters and the wiki mods have shown that with the removal and ban of the irrelevant changes and contributor to the page.