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That was likely ONLY 1 of multiple Notes...
You can find the long List here
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10500850
The conversion just started ~April when the first of the Notes became due. Likely you are working your way through just the first two notes currently via BMAK and previously via VFIN VNDM and BKRT too.
But nothing to worry i guess...
GL
AS increased to 1B shares per NVSOS
Previous Stock Value:
Par Value Shares: 300,000,000 Value: $ 0.001
Par Value Shares: 10,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 310,000.00
New Stock Value:
Par Value Shares: 1,000,000,000 Value: $ 0.001
Par Value Shares: 10,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 1,010,000.00
Just JSJ's 50K Note = ~123M Shares
the Convertible Note issued by Saleen Automotive Inc. (the “Note”), dated October 15, 2014 in the principal amount of $50,000 with 10% interest. This note currently holds a principal balance of $50,000 and accrued interest in the amount of $_____. The features of conversion stipulate a Conversion Price the lower of (i) a 42% discount to the lowest trading price during the previous twenty (20) trading days to the date of Conversion; or (ii) a 42% discount to the lowest trading price during the previous twenty (20) trading days before the date that this note was executed
AS increase or RS imminent!
Current O/S = 260M and growing daily !!
the added 90M shares are not even 1/2 of what the Debt Note holders can and will convert. They (KBM, JSJ, etc) will continue to convert just below the 5% to avoid a filing and new Notes are hitting monthly towards the end of the year.
and assumes a total of 260,907,311 shares of Common Stock outstanding as of June 16, 2015.
IF a R/S will be granted...
could see an A/S increase any day
at least 45M ...
There is your T-Trade of 11M shares...
No dilution today? LOL
BMAK knows better than that
Based on what?
IF there are BIG investors and hold more than 5%
wouldn't they have to file?
Where are they, since i don't see any filings for new >5% owners...
How many shares are left in BMAK's pockets?
GL with the DARK GREEN ...
in just a few weeks
your INSIDER MM's will get even more shares at a nice 40% discount to the lowest TRADING Price during the last 20 days prior to the conversion...
Currently the Debtholders can convert at ~.00042 based on the Conversion Terms. lowest price of .0007 -40%
IF Insiders MM's would really load for somebody, don't you think this somebody wouldn't need to file for exceeding 5% holding of the Company stock?
GL
Selling at .001 is easy if you get your shares at ~.0005
still 100% gain, no?
Just too bad that the TA doesn't give up any Info's...
Nice Try!
better look again...
Per >$2 paint Job... CONGRATS
Interesting -> 11.7M FormT AH
Interesting timing for the PR or just a coincidence? -> NVSOS Filing today: Designation of SUPER VOTING PREFERRED STOCK
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=C4DpKFWHK%252bi60MzUtnuv0g%253d%253d&CorpName=SALEEN+AUTOMOTIVE%2c+INC.
Debt conversion...
Tons of new shares are hitting the market, converted in the 0.000's per the Terms. Add the one tick flippers to it and there's your volume.
JMHO
You mean like the Current SS for this CO?
Old, not updated, TA not responding (gagged?)...
What is it 300M, 350M or already 400M O/S ?
8K filed
Item 1.01 Entry into a Material Definitive Agreement.
On June 5, 2015, we, along with Saleen Automotive, Inc., a Nevada corporation, and subsidiaries and Steve Saleen entered into an Intellectual Property License Agreement (the “License Agreement”) with Saleen Motors International, LLC, a Delaware limited liability company (“SMI”), a wholly owned subsidiary of GreenTech Automotive, Inc. and non affiliated subsidiary of Saleen Automotive, Inc., pursuant to which we granted to SMI an irrevocable, fully paid-up (subject to certain royalty fees), sublicensable license during the term of the License Agreement to use all of our intellectual property on an exclusive basis worldwide other than in North America, Europe, Middle East and Australia (as applicable, the “Territory”), to make, promote, sell and otherwise exploit our intellectual property in the Territory. The License Agreement has an initial term of 10 years, with automatic renewal for periods of five years at SMI’s election provided that the number of Saleen branded vehicles sold by SMI in the prior 12-month period is not less than the average number of Saleen-branded vehicles sold by us and our subsidiaries in the most recently available three-year period. The License Agreement may be terminated by mutual written agreement, upon a material breach which remains uncured (with SMI having the right to cure no more than 3 breaches of its obligation to pay royalties) for 15 days after written notice of such breach, or in the event of SMI’s bankruptcy.
In consideration of the license SMI shall pay royalties, within 15 days after the product shipment date and in all events at least quarterly, based on a fee per Saleen-branded vehicle sold by SMI depending on its sales volume as set forth in the License Agreement, and shall pay royalties based on a percentage of SMI’s gross revenues for parts and merchandise (in each case net of discounts, returns, taxes and similar amounts) received on Saleen-branded non-vehicle products.
The parties to the License Agreement, along with GreenTech Automotive, Inc., an affiliate of SMI (“GTA”), also agreed that the $500,000 loan made by GTA to us pursuant to the Securities Purchase Agreement (the “SPA”) and the 10.0% First Lien Convertible Note, each dated April 17, 2015, will be deemed satisfied upon our execution of the License Agreement.
Except for the transactions under the agreements described above and our Joint Branding, Marketing, and Distribution Agreement with WM Industries Corp. (an affiliate of SMI) dated March 2014, the terms of which have been previously disclosed, none of our company nor its subsidiaries had any material relationship with SMI and its affiliates.
How do you know they are ALL sold?
How do you even know they are ALL converted?
IF they would convert all shares at ones they would likely hold more then 5% of the Company shares and would be required to file it.
Shares are being converted in small chunks as usual.
But since you are stating the notes have been converted and all those shares have been sold, why don't you tell us what the actual OS is? 300M? 350M? 400M? What is it?
Sure you did... LOL
They don't answer Emails and as soon as you mention the Stock the'll stop you talking and tell you to send an email to IR.
But you called and got this Info from them? I'm surprised
Trader to Pay $1 Million for Short Selling Violations
http://www.sec.gov/news/pressrelease/2015-115.html
SEC complaint
Does it mean you are with the Company?
Or how do you know there wont be an A/S increase either planned or already decided?
The amount of shares that will be Issued during the next weeks will likely exceed the current A/S based on the given Terms for the related Notes.
JMHO !
As said A/S increase expected... SOON
Next Note will be converted at ~.0004 per the given Terms that adds another 50M shares to the next 100k Note.
Anyone a clue what the given A/S is? TA doesn't give that info out... Company doesn't update OTC and doesn't reply to Emails.
Per the last 8K this seems to be the New Co
http://www.r3tinc.com/
On or about April 22, 2015, Vacation Home Swap, Inc. (the "Company") entered into a Acquisition of Assets Agreement (the "Agreement") with R3 Technologies, Inc., a Canadian corporation ("R3") for the exchange of all of the Assets of R3 (the "R3 Assets"). The R3 Shares shall be exchanged for 48,500,000 fully paid non-assessable shares of the Company or 60% of the issued and outstanding shares of the Company.
If to R3 TECH: Stan Kolaric
123 West NYE LN STE 129
Carson City, Nv
89706
If to Vacation: c/o Randall J. Lanham, Esq.
28562 Oso Parkway
Unit D
Rancho Santa Margarita, CA 92688
Telephone: (949) 858-6773
Facsimile: (949) 858-6774
WHOIS
Domain Name: R3TINC.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Stan Kolaric
Registrant Organization: R Three Technologies Inc
Name Server: NS09.DOMAINCONTROL.COM
Name Server: NS10.DOMAINCONTROL.COM
DNSSEC: unsigned
Wrong again it WAS Saleen's Building in MI.
You are referring to a Headline and a Photo of Project this Construction Company "The Daily Co" did, years ago...
New Owner of the Building is API not longer Saleen as you were claiming Sir.
GL
The one in Troy, MI
It was Saleen's Building long time ago
The Building you are referring to is now owned by API (Automotive Performance Industries) not by Saleen
July 29, 2012 8:00 p.m. Updated 7/30/2012
Investors park their car biz in Ex-Saleen digs
A group of former auto executives is taking advantage of a real estate deal to create a hub for high-performance vehicle businesses in metro Detroit.
It's an idea from a group of self-proclaimed gearheads to turn their hobby into a viable business, and who last month bought a vacant Saleen Special Vehicles manufacturing facility in Troy.
Automotive Performance Industries LLC was formed in January by a group of three investors, led by Karl Storrie, former CEO of Rochester Hills-based auto supplier Dura Automotive Systems Inc., and Tony Johnson, founder of Minneapolis-based Hidden Creek Industries. The third partner did not want to be named.
In the building, they plan to organize a stable of businesses that create high-performance vehicles, show cars and specialty fleets.
The API investors, through 1225 Maple Road Holdings LLC, paid $3.75 million last month for the 183,000-square-foot manufacturing space at 1225 Maple Road. The building has offices, a showroom and, notably, a "high-bake" vehicle painting system.
Storrie said that 35,000-square-foot painting facility cost $7 million when it was installed a decade ago by Saleen, the building's former owner. Known for its work on the Saleen Mustang and the Ford GT, the firm moved its Troy operations to its headquarters in Irvine, Calif., in 2009.
"We have very clear expansion plans because of the unique capabilities we have with this building -- particularly the high-bake paint system," Storrie said. "One of our partners told me, 'Get us the Saleen building, and we'll triple our business.' "
done , GREAT JOB !!
come on .0019 paint job
bring it on...
Pls stop at least the short nonsens.
BMAK will be happy to fill your orders with his converted shares (most likely converted at .0006- .0007). He'll be able to get more on a daily basis at that price per the conversion Terms of those Notes.
GL Folks!
BTW AR_C didn't work out eh?
I bet they are!!
But you are right seems like they are bringing in another pump crew.
Is Bidu in the need to sign toxic debt notes
like Steve did? Is Bidu able to pay their taxes, vendors etc? I guess they are, but how about Saleen?
As said before this stock will bounce for sure here and there.
Take the change and make your $. Nothing wrong with that.
But non of the bounces will change the bad decisions the Management here has made.
You are talking about the Price the Chinese have to Pay, not what Saleen or better SMI will get. Main Reason for these "high" prices are Taxes and Import costs.
Just check what a Car will cost you in lets say Singapore...
It's not the Dealer wh's making the $$'s
The Only Problem there is...
It's NOT SLNN who's selling the Cars. It's SMI who is selling those Saleen branded Cars. Whitout knowing any Terms of the Agreement it's unknown who much % SLNN will make on a Car.
Actually, NO
SMI is a different CO... they only sell Saleen branded vehicles.
A/S is now 790M shares per NVSOS
File Date: 6/2/2015
Previous Stock Value:
Par Value Shares: 60,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 60,000.00
New Stock Value:
Par Value Shares: 790,000,000 Value: $ 0.001
Par Value Shares: 10,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 800,000.00
Good Question!
Let us know when you find that Info.
It's not listed on their Webpage
Saleen Motors International
Saleen Motors International (SMI) distributes award-winning, high-performance Saleen vehicles that encompass styling, handling, performance and power components for the world’s most passionate drivers.
© 2015 SALEEN MOTORS INTERNATIONAL
27 Floor Citic Pacific Plaza No. 1168 Nanjing West Road Shanghai 200040
P +86 021-52928100 | Privacy & Security Policy
A/S increased to 8Billion shares
per NVSOS Filing
File Date: 6/2/2015
Previous Stock Value:
Par Value Shares: 19,000,000 Value: $ 0.001
Par Value Shares: 6,000,000,000 Value: $ 0.001
Par Value Shares: 21,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 6,040,000.00
New Stock Value:
Par Value Shares: 40,000,000 Value: $ 0.001
Par Value Shares: 8,000,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 8,040,000.00
BUT SMI is not Saleen...
As pointed out here:
About GreenTech Automotive:
GreenTech Automotive (GTA) is a U.S.-based automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles. GTA's core values encompass green technology, affordability and U.S. job creation. GTA is a subsidiary of WM Industries Corp., whose other wholly owned subsidiaries include WM Motors, a luxury sedan and sports car maker; Saleen Motors International, who markets and distributes Saleen-branded performance vehicles and supercars in Asia under a Joint Branding, Marketing, and Distribution Agreement with Saleen Automotive, Inc.; and Advanced Composite Technology, a materials product development and manufacturing company; all of which are based in Detroit, Michigan. For more information, visit www.gtaev.com.
Everything can...
but here we are talking about potentially 200M shares that needs to be bought at one point. Month by month new Note will be ready till EOY. Per the Terms most of them are structured for ~40% under lowest trading price, closing price of the last 20 days etc...
Who will buy all those shares and based on what?
Currently he shows what, 30 cars in the back of the CO? I think he needs to sell at least 80 or so every month just to break even.
Of course the stock will bounce from time to time, like all of em do and like it just did.