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They paid for their Facebook fans, look for yourself, like 90% are from Mexico. They're fake users.
I find it pretty amateur to promote/advertise a car you're "working" on through a Facebook page.
A publicly traded company should at least have some structure or professionalism in press and project releases.
Its like McDonald's taking a picture of a big mac while they're putting cheese on it and advertising on Facebook that they're "working" on the big Mac, in an attempt to lure in investors.
15% or what a whole 2 cents? Massive gains! 2 cent gains will only take about eternity to recover the millions lost.
Down 13% today, it's going to be a rocky road.
There are to many aspects and warning flags to stick around. But I'm also a bit jaded by buying in at .43 and watching the stock plummet to .5.
In addition, I think the 4m in admin expenses could be a sign of out of control spending, plus knowing my personal checking account has more cash in it then a publicly traded company has in theirs is not a great sign looking towards the future.
Sell, no doubt about it. Im not greedy. Id love to get my money back and move on.
Only 30 cents more per share and I'll be in the positive on this mistake.
Do you really think a spokesperson just makes shit up to tell people, or are they told what to say by the execs?
The spokesperson is usually a pretty reliable source to get information from. That's their job, isn't it?
Tesla made it clear there is no partnership between Tesla and Saleen. In fact they had no idea Saleen was working on the Tesla until last month.
And still down over 90% from its high.
Actually, it's not up 23%, it's down over 80% since a year ago.
Steve pays himself over 300k a year plus bonuses of money from investors. The debt this company has is out of control, as is the spending. In the companies I've started, I've never taken a salary until the company actually generates a profit and all the other expenses are covered.
With the current financial situation, the CEO has no business taking a 300K salary, as the company is losing millions of dollars.
Ford will not do business with Saleen, that is fact. Regardless of his "relationship" with GM or Dodge, Ford will not do business with Steve because of past situations, warranty issues and so on.
They may have sold 10 Camaros? Does that really even matter in a country that has tens of millions of cars?
They may have sold 10 cars, that won't even chip into the 12 mil debt.
So they sold a car? Isn't that the point? They had a retail location that was an absolute train wreck.
I'm sure they'll succeed because one time someone wore a Saleen t-shirt when they were a kid.
30 more people got ripped off. The 10k contains vital information about what Steve Saleen has done from 2013 to present, which includes list lawsuits and 12 million in debt.
Great write up on the s7, nothing mentioned that those wins came from privately owned teams that Steve had nothing to do with.
Mine are personal, he took a sizable amount of money from me to support his Hollywood lifestyle.
Milesblue, the negative here is that there is still 12 million in debt, hundreds of thousands owed to the state, banks and lawsuit settlements.
I would like to recoup what I lost, but I'm also a realistic person and a 2 cent jump compared to a 98% drop is not really to positive.
When I spoke with Steve, he pronounced it as "ce lean" not "say lean"
He'd probably call himself Gary, as he has everywhere else.
Promisekpr calling someone out on not including facts, yet he is yet to produce facts, sale confirmation, etc......
If Sven was in charge of engineering, and engineering was a major fault and cause behind the Fisker BK, well the finger does kinda point to Sven right?
Why would you leave Porsche to work at Ford, or leave Ford to work for Steve Saleen?
Did you know the S7 was not completely designed or engineered by Steve Saleen?
So your slnn success points are facebook, painting a car and a ford gt from 2004? Simply brilliant.
Don't get me wrong, the Model S is a fantastic car and the P85, even better. But Saleen doesn't have the money, technology or brains to make any significant changes to this car.
Yea, I stand correct, that's a fact, the first one you've been able to provide.
May I ask why you are so supportive of a man who's been scamming millions for years to support his luxury lifestyle?
In all seriousness, although not all electric, I find the 918, P1 and La Ferrari far more accomplished. NO, I'm not comparing a saleen to Ferrari or McLaren.
Sounds like Nicholas Zart was compensated for the most kiss a$$ review ever. Was he receiving sexual favors for that? The guys who road tested the P1, 918, La Ferrari and Veyron didn't get that excited, and those are cars that actually happened.
You really think that wasn't written up on purpose? Steve wouldn't have someone come out and test the car without knowing before hand what he was going to write.
The Tesla model S with the sick Saleen sticker on the windshield.
If you're going to "modify" one of the most complex cars on earth, it would be a good idea to at least have their support.
Steve's own S7 is borrowed against, so I wouldn't be surprised if the Tesla is in his own name. Hey, he's got to have something to drive when the company goes bankrupt.
At 8 cents, 12 mil in debt, 600k owed in payroll tax, 400k + owed to a bank, endless lawsuits and no positive outlook, I highly doubt the Tesla will hit the road.
He also put a sticker on the car.
As I, I was drawn in by the lies associated with the Tesla, and other lies. Now I see the scam and the financials that show this was never about developing amazing automobiles, it was to fund a lifestyle.
.9 cents today. It could flop or flop or flop
I admit, I was played. I almost always conduct thorough research before investing. But the Tesla bug got me, hoping Saleen would take off after their announcement of their Tesla Model S. I should have contacted Tesla to understand their involvement before placing a large investment.
I now strongly believe this is a scam and nothing more. I find it hard to believe that there is $4 million in administration fees in a qtr. I believe there was $4 million placed in the pockets of board members and Saleen family members.
I believe myself and every other investor has been taken and the Saleen group never had any intentions to focus on the investors money or returns and only focused on their own pockets.
I don't regret losing money on this investment and I will use it as a learning experience. I do hope Steve Saleen, Molly Saleen and others pay for what they've done.
In all my years of business, never once have i witnessed a Ceo take more money for himself as the business is failing. If he had any idea what it takes to build a company from the ground up with his own money, I'm sure his actions would be a lot different.
This is not the case and all he is worried about is filling his pockets with investors money.
The Saleen investment path follows.....
Investor ivests hard earned money
Steve and family put that money directly into their pockets to fund their lavish lifestyles.
I did invest, a couple bigger investors I know did also, and a friend who runs a hedge fund.
I've spoke with them, they won't say outright they were played, but none of us are happy with what we are seeing unfold.
I do in fact know several security lawyers and I might test the waters with them and see what they can dig up.
Lawsuit after lawsuit, will there be a class action lawsuit from investors who believe there was some sort of "funny business" going on?
I don't think Saleen can stay open until September, don't they have 30k in cash available?