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Wow... Still on wash trading hype huh?
Well I'm finally glad that the wiki page is now settled down and the user that continued to post information that had nothing to do with Saleens wiki page is now blocked and that information is also removed! This just proves even more having people that are completely neutral about Saleen came to a conclusion what was posted has no relevance to Saleen and the wiki page.
Lol... Really? I think it has to do with the positive potential of what Saleen has to come.
Up up and away...
So the opinions go along with them closing the doors months ago which never happened... Not getting there hands on a Tesla and producing the Saleen Tesla which they did actually do. I could go on and on.
Anybody that posts "these comments are my opinions" is trying to protect themselves for anything that is NOT true and is posting fiction.
They already have $600k in inventory including money that is due to them so its not like they don't have any inventory.
Also, don't forget that the CEO is due back salary which also in the past he forgave. So ya, sounds like his object is to run off with someone checkbook as stated as an "opinion" when that is not true at all.
Well according to many opinions Saleen was suppose to be closed months ago but that isnt the case. They weren't going to produce the Saleen Tesla or even get car stock Tesla to build but they did. They didn't have any stock vehicles to build BUT we saw 30 red stock mustangs all lined up. According to more opinions, they won't even produce the 2015 Saleen Mustang but we recently saw one in a photo inside the plant up on a rack.
They have parts in stock to build vehicles, they will be shipping the 2015 Mustangs soon which will create cash flow. Figure they have been without the mustang for several months because of the 2015 coming out.
Any cash flow can be used to pay for operating expenses so using the deposit money to pay xyz is expected. They will build and deliver the cars that have been ordered.
One thing that has never been mentioned is the current assets they have that includeds cash, accounts receivable, current inventory and prepaid expenses that is a total of almost $700,000 (according to the most recent 10-Q. So yes, they have the inventory to produce cars and will do so.
That car "George Follmer Edition" was unveiled in August 2013 so its not a "couple" of years "old". That is a 2014 model year vehicle but its old? Huh?
Pretty bold statement to say customers will NEVER see the cars they ordered... No proof of this and it is ALL opinion. Just like they will be closing down months ago which has been stated many times a month for many months. Or they will never produce or even get a car to build the Saleen Tesla. Or how about they don't even have any mustangs in stock to build but we have seen the picture of the row of about 30 red stock mustangs. So ya, all the above statements are opinion... The key word OPINION. Not fact! Also don't forget the price of the stock had gone up from its low instead of down to 0 which was again an opinion.
One thing that is fact is that any time Saleen does something positive no matter what it is, someone tries to knock them down. In business you can't make everyone happy so everyone has to do there own dd and notbread into everything you read negative about any company.
Just liked they closed 6 months ago? They aren't going to produce the Saleen Tesla are they? Been saying this all for months and it all has been proven wrong because they are still open and have produced the Saleen Tesla.
With the release of the 2015 Saleen mustang we will see a positive turn for Saleen!
Exactly! In stock trading you don't get money handed to you and there is a risk with every company you invest in. Its about buying low and selling high. Right now slnn is low and will soon be higher then it is now.
More talk about how Tesla is over priced compared to earnings on CNBC this morning. They even said it doesnt specifically have to do with the price of oil but more about the earnings. Soon to be below $200 and within the year I bet it will be closer to $100 a share. Even lower oil, probably soon sub $50's a barrel will hurt Tesla but will help high performance vehicles like Saleen's to take off.
Well, below $215 a share. Then again, even musk said himself that the stock was over valued. Well its on its way to a correction just like slnn will be on its way to an upward correction as well.
Does this go along with slnn closing there doors more times then I can count month after month advice? How about the advice that slnn won't even get there hands on a Tesla to build the Saleen Tesla?
So ya, if everyone took the above advice then everyone would have been saved from what? Slnn is still around, has built the Saleen Tesla and will begin deliveries this month of the 2015 Saleen Mustang (which we saw a 2015 in a picture recently posted). Black label to be unveiled in Feb so ya, I'm glad I listened to the advice and stopped believing lol.
Everyone has to do there own dd before making an investment in ANY company. Like I have said before, Saleen is basically just a couple year old company since he had to pretty much start over from the ground up after leaving the OLD Saleen.
Premarket price just below $220 a share Tesla... Oil down again as well. Not looking good for the Tesla bubble. $200- here we come
Saleen is one up on Tesla no sound EV? Tesla designed there EV to be virtually quiet but with laws being passed in congress from people that are visually impaired, Tesla (and other) would have to add a "sound" to the vehicle over a 3 year phase in. Saleen has already become compliant with what will be law in the years to come.
Oh nice! But just because they are building a new building doesn't mean the stock won't take a hit with these oil prices. Only time will tell if the Tesla bubble will burst or not. At the same time, lower oil prices will only help Saleen's other 3 lines of vehicles. I think cheap oil is here to stay for a while.
Tesla's stock extends losses below key technical level... $200 and below coming soon IMO...
http://www.marketwatch.com/story/teslas-stock-extends-losses-below-key-technical-level-2014-12-03?siteid=yhoof2
The continued decline in oil will end up hurting the EV market like Tesla and will help out the gas hunger performance cars like Saleen Mustang, Saleen Challenger and Saleen Camaro. Good things to come in the coming months for Saleen.
Hmmm... Ok. So its ok to talk about pot companies which have NOTHING to do with automotive manufacturing? Tesla is in the same sector and Saleen also builds a Saleen Tesla so talking about Tesla as a company is very relevant.
Oil prices go down, so will Tesla sales!
Who would have thought GM would have filed BK on there sales etc several years ago right? Cost share holders BILLIONS but we don't ever talk about that do we? So yes, it can happen with ANY COMPANY and if oil goes to $30-40 a barrel then the tesla bubble could burst. I'm not going to say they would file BK but anything is possible.
I don't remember the exact number but they have millions of dollars for the guarantee trade in value, billions in loans so yes if oil continues its slide less people would be interested in the Tesla IMO? Sales numbers go down, used values go down which Tesla has to cover under the guaranteed trade in value which is a big loser for them IMO. So it is not looking good right now for Tesla.
I said the sports car business... He is referencing the sports car industry as a whole, not pointing directly at Saleen.
There were going to be no difference between the 2005 and 2006 models. This is something being made up 100%!
Ford dealers were made selling the same vehicle? Again, what changes would have been made?
I know that the Ford gt was a limited production vehicle.. I have stated before which I have been to both plants several time, been through the whole assembly line at both etc. What has been stated about is incorrect and very inaccurate. Ford did not move forward on any new projects because of upper management changes at Ford and also the current economic conditions that we had. The ones that had control of the company and that ran it into the ground were the investment firm... Not Steve. He gave up majority control to them but he ran it into the ground? Lol
http://www.allfordmustangs.com/articles/2006-saleen-s281-mustang-gets-serious-horsepower-662.shtml
This is a press release for the 2006 Saleen Mustang and it was releases in October. No, there was not a delay as stated and he wasn't off doing whatever was stated. The model was pretty much a carry over from 2005 since 2005 was a new body style of the mustang from Ford.
Honestly no basis at all.
If you make an investment based on what the financial reports say and you lose $$$ you don't just sue the company because of that. But you will see other say you should do this when they really don't know what they are talking about.
Not saying that you are lying but it looks fishy to me and other when in your first post you invested your life savings into one company. Now your second post you are saying your thinking about getting a few thousand more shares?
Regardless though, I agree with you about Saleen not going anywhere and if you did purchase at .09 you will just have to hold onto it and ride it out. There will be many ups and downs but in the long run it will be fine.
Another thing is everyone talks about it going from $1.00 to .03. The thing is that the stock was trading not much below the 1.00 BEFORE the merger. Everything had to take time to settle since that price was not based on the sales number of Saleen. I have said it many times that it is being rebuilt since the investment firm screwed it all up and ran the old Saleen into the ground. Steve picked up the pieces and has to put them back together. Long term looks very promising for Saleen.
Steve is not taking his salary currently (even forgave some) and hasn't for sometime now so no, the $$$ isnt going into his account by any means.
Please provide proof that they are not a manufacture... Because everywhere I find says otherwise.
And yes proof... Nada, wiki... Anywhere else you look you will find the same that they are a Manufacture.
So please explain how the Saleen 351 is manufactured?
I have provided more then enough proof... Even a picture of crash testing a Saleen Mustang to meet government requirement that all the other BIG manufactures do as well... But Saleen isn't a manufacture? Where is MY logic? Lol
I'm guessing because of the first years of Saleen being in the '80s... Shelby is also listed on this page for the series 1.
Hen again, does it matter? The point is the are an OEM Manufacture and I have provided more then enough proof regarding the topic. Picking it apart isn't going to change the fact's that I have provided for OEM status.
Well the most recent years production is also listed... Not just till then end of the S7. Its all in black and white on NADA's page and also on Saleen's wiki page.
Again, they are comparing the EV automotive sector that Audi and BMW are in, not specifically company to company.
Also, here is a pic to view:
A supposed "tuner" would not do crash testing like in the above picture. They are an OEM Manufacture.
http://www.nadaguides.com/Classic-Cars/Manufacturers
Now show me where Roush, Steeda etc are on this list. But I do see Saleen. They list them as a MANUFACTURE on a very well known car pricing site. But they aren't a manufacture?
How do they manufacture the Saleen 351 currently? They don't "tune" it thats for sure.
They aren't comparing them selves to BMW or Audi... They are just talking about that sector of the automotive market.
And also, Saleen is a Manufacture not a tuner. To this day, they still hold manufacture status and meet the same requirements that the other BIG manufactures do.
So do a lot of other companies like Ford for an example recently used Business Wire for a news release so Ford must not be releasing real news either I'm guessing.
This is NOT an uncommon practice with most companies to pay for a service to get the company news out. Just because Saleen is doing it make it bad to do? I don't think so.
The race teams paid for the chassis, parts etc. Specifically the Saleen-Allen race team was before the year 2006 which was a owned race team of Saleen. This must all go along with Steve getting fired right? Even though he actually quit instead.
Obviously the issues Saleen had after Steve left where there own problems. They tried to redefine the brand and what the cars should look like. Brought out new models of the Mustang that were a big flop and ugly IMO and the dealers had to give then away to sell them. Steve had nothing to do with these "great" new ideas that did nothing for them but make the company go down the toilet. Then for them to do what they did to all the suppliers, banks etc that wanted paid but the investment firm said sorry, we aren't in business anymore and have filed BK... We have no money to give because we did a shady transaction to get what we could out of the company for our own personally benefit by selling a huge amount of equipment and supplies.
So ya, that investment group was so wonderful right? Lol
The other projects AFTER the Ford GT were in the works BUT with the economic conditions after the GT was done and also upper management changes in Ford, Ford pulled the plug on any additional project like the GT once it was done. So no, it was NOT Steve's choice but ford didn't move forward with any additional projects.
If Ford would have allowed it, Saleen would have built the GT's in Irvine, CA but as I stated before, Ford REQUIRED the plant that Saleen built the GT in to be within a 75 mile radius of Detroit. This is because the second requirement is that the wixom plant was the final assembly point for the GT to satisfy the UAW.
So if anyone is to blame, IMO it is Ford but then again you can't blame them for the economic issues that arose during and after the GT project was done.
Hmmm... Seems Saleen didn't have a race team that was owned by Saleen during those years as stated. Also pay close attention to the text highlighted in red near the bottom. Here is a quote:
2015 302 Saleen Mustang Yellow and White label to begin shipping in December just as expected.
Saleen to unveil the 2015 Black Label Saleen Mustang Feb 20 2015
http://events.saleen.com
I agree with you jdivad.
Unfortunately, its will continue to happen even as Saleen does better in the future.
Anyone that knows anything about Saleen will be able to "read between the lines" and figure out for themselves what the truth is.
Like you stated about the tesla, they came out with the duel motor Tesla which IF nothing is changed with exterior panels and lighting then Saleen is good to go.
Speculation/opinion vs truth is a lot of the discussion IMO.
Lol... I posted that how long ago? Does that have ANYTHING TO DO WITH NOW? IF I had posted that recently then maybe you have a point. I never said that it will keep those levels forever. That was my opinion at that time. I can't post an opinion now?
"Saleen won't produce a Saleen Tesla"
"Saleen won't even be able to get there hands on a factory Tesla to produce one"
"Saleen will be closed at the end of the month" posted several times
All the above comments have been posted and all were NOT true.
That was not a Saleen corvette shown in that video... They didn't even show them talking the who they said was "Steve Saleen" and I have already verified it is for a fact not true.
Why not wait and see what they debut later today before coming to another conclusion/opinion?
Well we don't know what it is for yet... Maybe we will know later today which at that point it probably won't be a guessing game anymore what its for.
You have already come to your own conclusion/opinion so it simply doesn't matter what I think the date is for.
http://laautoshow.com/debut-vehicles/
So I wonder what the debut vehicle from Saleen might be? I guess we will find out later today!
We would have no idea what the date is there for... Until we hear something specific about a release date this is all just an opinion and. Where you there and able to ask what that date is for or just looking at the picture came to a conclusion thats what it meant?