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This is NOT a poison pill.
On the contrary, this is a takeover. Exactly like I said the other day:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113883222
I have. they stop answering long ago. Now they screen any communication to avoid calls from their numerous lenders.
No. The punitive terms for repayments make it clear that these notes are made to be converted. This is a given.
The only reason someone would repay that is if Saleen goes private. Which might be the case.
Again, you talk of misinformation without ever pointing where exactly is the misinformation.
Everything said in these articles is true and backed by sources (except the video that the guy took private after the article)
He states quite clearly in this article that he has no hope for SLNN:
http://blacksheepplanet.com/index.php/2015/05/14/saleen-automotive-lost-84-of-its-value-year-to-date/
Why would anyone buy at $0.001 knowing that there's 2 big notes coming in 2 weeks at a 40% discount.
The first KBM note is now worth $130,000. If the price maintains $0.002, they will get 108 million shares at $0.0012.
That will drive the price further down.
There's no link. You have to have an understanding of the financial situation Saleen is currently in to see the options presented to them.
The only option I see possible is: they will take some money from shady "investors", Saleen will step down and then they will buyout the shares. Probably for a little mark up so there that for SLNN shareholders, but it will be a far cry from the $0.30 it was trading at last year.
No. No future. Not here. Saleen is done with SLNN. At this point there's just one way to go. They'll get some money to bring the company private again. What else is there to do? They managed to survive 2 years on OTC money. Now they are done with OTC.
So your argument is that if Saleen was only putting branding and not modifying anything then Ford will cover the car?
Thing is no one is saying that's not the case. Everyone is talking about using AFTER MARKET PARTS in the car.
Well the FTC disagrees with you:
What does that even mean?
wow that bit was conveniently left out huh?
I think it is in line with what we have been saying since the beginning, if Saleen claims to be tuning Tesla's drivetrain, then they would need to cover under their own warranty also, but they don't. Period.
Yet you, or anyone else, can't disprove anything he say about Saleen in his article.
Everything he said in his last article is also true. The toxic notes coming for conversion are going to put incredible pressure on the stock.
The comment you quoted is explaining why it is likely that an OEM (Tesla) would reject warranty claim based on tuner modifications (Saleen).
This is exactly the point "autthor Frederic" was making in his article.
BTW have you seen his most recent article about Saleen? http://blacksheepplanet.com/index.php/2015/05/14/saleen-automotive-lost-84-of-its-value-year-to-date/
All this law says and BTW it is the EXACT SAME THING in Canada, so the Canada argument is invalid, is that you can't void without cause.
WHERE and please specify exactly where in any of his articles does he claim Tesla would void the warranty WITOUT CAUSE.
Saleen CLAIMS they are tuning the drivetrain, Tesla's drivetrain is pretty simple. It's basically just an AC induction motor with a battery. Tesla could claim that Saleen's tuning of the drivetrain resulted in any occurring problem.
Well you really should. Since his prediction on SLNN's stock has been dead on. The stock fell from $0.30 to now only $0.0045 since he wrote about staying away from the stock.
his email is visible in the displayed email in which Saleen's sales manager lied about being fully in partnership with Tesla. If you want to know more about "his background" you could ask him yourself:
there's no ultimately. The stock already dropped. The stock was at $0.10 back then and it is at $0.0045 now. This drop happened and could have been avoided.
Yet in this particular article he warns investors to stay away from SLNN which was at $0.10 at the time of the article. Now the stock is at $0.0045. That was a good call. I think everyone would agree on that.
Investors following his advice in this article are safe from a 95% decrease in value from the time of the article.
We will not even know with the next filings since it will be the numbers up to March. Conversions started in April.
Anyway. Is it really worth it anymore? The stock is now truly worthless at $0.0045. For example, someone who would have spent $3,000 buying 10,000 shares of SLNN at $0.30 would now only have $45 worth of SLNN stock.
Is it really worth it anymore?
What made the stock go so low? The toxic notes that Saleen has been issuing. We can all agree on that. We can also all agree that this is only the beginning of the toxic note conversions. Only the first 2 notes have converted. 8 other notes are coming.
Saleen "investors" might get a little breather up to the first week of June from now, but it will get a lot uglier before it gets better. If it ever does.
Support these numbers? These are the most relevant numbers as they are the last reported financials. These are very relevant numbers and of course the first quarter 2015 is not out yet. He never said these were first quarter numbers.
and remember someone saying the stock wouldn't go below $0.30 it clearly did, all the while I clearly remewber anyone saying that Saleen would close IF THEY DIDN'T RAISE MORE MONEY, which they always did.
And now shareholders are feeling the pain of that money being raised through issuing toxic notes that are now being converted and pressuring the stock sub penny.
I know frederic doesn't mind, because his broker account looks fine, while those with SLNN in theirs must be feeling the pain with the stock 80% YTD
I have correctly predicted the fall of Saleen's stock price since it was at $0.30. Now at $0.006, if anyone need a reminder.
Now let's go back and look at some INVESTMENT RELATED predictions:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105839073
No proof HUh?
Where is the mysterious proof of this alleged call to Saleen? Huh?
Transcript or it didn't happen!
Can't blackout the name too or it didn't happen.
Is Saleen going to go back at $0.30 because they answered a call?
Don't know, but it will be interesting to follow...
They prove that Saleen lied. If someone lied it's not the same thing. It needs to be public.
The email adresses duh! It is common courtesy not to share's someone address without permission.
Most people will think that the screenshots are more than enough proof, but for anyone else, they can contact Saleen (pr@saleen.com) or Tesla (press@teslamotors.com) and ask them ifn any of this is true.
This is again simply false. SLNN short interest is public. Just one click away: http://www.otcmarkets.com/stock/SLNN/short-sales
There is no short interest on SLNN. It is extremely difficult to find shares to short on the OTC. SLNN is no exception and this is clear from the short interest report.
So someone talkind SLNN down has no financial gain to make. Then why would they do it? Probably because they are clearly right.
On the other hand, people that are consistently trying to talk the company up might have a financial interest to do so if they own share.
I feel like I'm repeating myself, but anyone can contact Saleen (pr@saleen.com) or Tesla (press@teslamotors.com) to verify any of the claim made in Frederic Lambert's article.
I don't believe anyone has taken me up on that offer (I wonder why?), but it's right there, just an email away and anyone can have first hand confirmation that everything the Saleen article is true.
None of this matters anyway. No matter what happen SLNN will go down. There's just too much shares being converted right now. it's crazy. I've been saying it for the past 10 months since Saleen started to issue those notes.
Now right after the first note converted (April 15), the stock traded heavily, broke it's support and then went sub-penny for the first time shortly after. Does anyone think this is a coincidence? That right after the first toxic note is converted the stock went down so hard? Stock lost 40% of its value since the share converted. 40% happens to be the discount JSJ Investment got on SLNN's shares from their first note.
Now in the next 3 months you have a bunch more note just like that coming. Just the 3 notes held by the Kramer brothers (KBM), if they were converted today, they would get 56 million shares. Can you imagine? 56 million shares in queue to be sold.
SLNN was a bad investment at $1.00. it was a bad investment at $0.50. it was a bad investment at $0.30. it was a bad investment at $0.10 and it is still today a bad investment.
I would stay away.
I feel like I'm repeating myself, but anyone can contact Saleen (pr@saleen.com) or Tesla (press@teslamotors.com) to verify any of the claim made in Frederic Lambert's article.
I don't believe anyone has taken me up on that offer (I wonder why?), but it's right there, just an email away and anyone can have first hand confirmation that everything the Saleen article is true.
None of this matters anyway. No matter what happen SLNN will go down. There's just too much shares being converted right now. it's crazy. I've been saying it for the past 10 months since Saleen started to issue those notes.
Now right after the first note converted (April 15), the stock traded heavily, broke it's support and then went sub-penny for the first time shortly after. Does anyone think this is a coincidence? That right after the first toxic note is converted the stock went down so hard? Stock lost 40% of its value since the share converted. 40% happens to be the discount JSJ Investment got on SLNN's shares from their first note.
Now in the next 3 months you have a bunch more note just like that coming. Just the 3 notes held by the Kramer brothers (KBM), if they were converted today, they would get 56 million shares. Can you imagine? 56 million shares in queue to be sold.
SLNN was a bad investment at $1.00. it was a bad investment at $0.50. it was a bad investment at $0.30. it was a bad investment at $0.10 and it is still today a bad investment.
I would stay away.
There's absolutely no evidence pointing toward a price increase simply because they would open their lab.
The email claiming that Saleen is in partnership with Tesla was already in the article.
Saleen's sales and operations manager clearly claimed to be "fully in partnership with Tesla". This turned out to be a lie.
Again, anyone is welcome to reach out to Saleen to ask them if that email ever existed: pr@saleen.com
If anyone isn't sure if Saleen and Tesla have any sort of partnership they can reach out to them and ask them: press@teslamotors.com
copy this: Can you confirm or deny any involvement with Saleen Automotive on the Saleen GTX vehicle?
The answer will be no. No involvement.
Is anyone saying Frederic Lambert is forging email? because witout proof,which can't be provided since the emails are genuine, that would be slander.
Author Frederic Lambert never had nor will he ever have a position on SLNN, because he think it is a poor investment just like he said when the stock was at $0.30 and now it is at $0.0066.
Here is Tesla confirming they have "no involvement" with Saleen and if you don't believe this email then just a few clicks and you can be asking them: press@teslamotors.com
Hey Hey! The stock is not being "heavily shorted", "short volume" is not the same thing as "short interest" which determine to pressure on the stock from short positions.
DIGP has virtually no short interest as it is standard for company with these share structure. You wnat find any share to short here.
http://www.otcmarkets.com/stock/DIGP/short-sales
no short interest
This is completely incorrect. slnnn short interest is public information and just one click away: http://www.otcmarkets.com/stock/SLNN/short-sales
There's no short interest on SLNN therefore asserting that someone might have a short position on SLNN is incorrect.
Alright. This is not what is happening at all. They don't answer the phone because they are screening for vendor trying to collect their money on the $1.7 million Saleen owes them. THIS INCLUDES $1.3 MILLION 90 DAYS PAST DUE.
I worked for vendors that was owed money past due and that's what you do, you call you client every other day and you go there if you need to, but your job is to get that money.
They don't answer to screen the calls.
And yes they are too many orders for the staff that is true, but it's not difficult to have too many orders when you have a staff of no more than 20 and just a few people of that on the production line.
Oh please. If this was slander then Saleen would have sued. they didn't. And no ti's not because the author is in Canada. You can sued for slander in Canada too... sigh.
If anyone is really worried any of the claims made about Saleen by Frederic Lambert in this article, then they are welcome to contact pr@saleen.com and press@teslamotors.com and ask them to comment. See what they say.
Right?
This . this is a lie. It is public information that there's no short positiobn on SLNN.
Yet if there were, short would have made a lot of money of SLNN since it dropped 99% in the past 12 months.
Now trading at only $0.006
Reverse? at what cost? Why does it matter that he is in canada.
I know of people that are in the US and paid $0.30 for SLNN shares. that was a bad call now that the stock is trading at $0.0065, and yet they were in the US.
At the end of the day, SLNN investors are in a tsunami of hurt that could have been avoided listening to Frederic Lambert.
The author’s background is absolutely irrelevant when he actually provided all the sources which no one can disprove.
Warranty laws have nothing to do with this since the author never asserted anyone was going to void warranty without cause, but since Saleen claiming tuning the powertrain, Tesla has cause to blame Saleen for powertrain default.
All the author claims are just as solid backed with video proof, which Saleen then took down realizing their mistakes.
On top of that and trumping anything, the author is clearly bearish on SLNN and bears were undoubtably right about Saleen. The stock is now trading at only $0.0065 which is a massive loss for SLNN investors.
At the end of the day, you have a lot of people who are losing money for not listening to this author.
Yet no one can't disprove anything he said.
We are talking about the stock here. Stock loss 75% percent this year. Investors are not happy and they shouldn't be.