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.
HAHAHA no! They have nothing that I want. And there's gonna be a lot of people in line to get what's left after bankrupcy. I'm not a creditor nor a shareholder, so I wouldn't have a claim on the ruins.
oh my god, are you really comparing donal trump and Steve saleen? This is ridiculous. Also not a compliment in either cases.
Also Trump never filed for bankruptcy personally. some of his casinos went bankrupted, but not his whole business nor himself. This is not the same thing at all. Not even close.
Literally nothing to do with Saleen.
You are not answering my question, please explain your claim that Saleen is issuing shares at a 40% discount to then buy them back at market price.
Also why you are putting "broke" in quotes? I've never said that Steve Saleen is broke. I don't know about his personnal finance.
lol you need to be making $200k a year or have a $1 million net worth. nothing that can save/finance a car company.
Nope. You say that without basing it on anything and it doesn't explain your nonsensical claim about Saleen issuing shares at a 40% discount to then "absorb" them at market price.
wait a minute, are you suggesting that Saleen is issuing shares at a 40% discount to then buy them back at market price? lol
This makes no sense.
Ah man. That's funny. Charles Wang, the owner of the Islanders, is a respected businessman who founded CA Technologies. He saved the Islanders, who are still not financially sound, but still when he bought them in early 2000s it was for something like $100m and now, I don't think he is the majority owner anymore, but still they are now worth something like half a billion.
On the other hand, Charles Wang, the CEO of Greentech, is not only far from being as rich as the other Charles, but also dealing in much shadier territory. He finances his businesses by selling fast-track greencards to rich Chinese businessman: http://www.politico.com/story/2015/03/hillary-clinton-brother-tony-rodham-terry-mcauliffe-116447.html
The company was or still is under SEC investigation. Just another business related to SLNN under SEC investigation. I see a pattern...
For anyone not following, Greentech has a licensing deal/partnership with SLNN.
Are you confusing Charles Wang CEO of Greentech with Charles Wang the owner of the NY Islanders? Because that would be hilarious.
People have been saying this for months now and it is trading at all time low. For it to run you need a catalyst and the only hope for one was the 10K, but then they pretty much killed that with their late notice/warning of significant change.
These 2 two often come together. Note holders will use manipulation to facilitate the selling of their newly converted shares.
If you look into my post history, you'll find that I've been here a long time now and I arrived here with an open mind. I was looking at SLNN as an investment opportunity. i invest in renewable energies and electric transport. That was at the time Saleen announced an electric car in partnership with AC Propulsion and a tuning of the Model S.
But it didn't take long for me to figure out that this was a poor investment opportunity. The stock was at $0.30 back then and now trading at $0.001, I think that proves me right.
I shared my opinion and I thought that would be it, but as it turns out, as soon as I shared my negative outlook on SLNN, I was met with barrage of attacks. This sparked my curiosity and I started looking deeper into Saleen. Past to investment opportunity and into Saleen's history and the big SLNN holders.
My findings were a lot more alarming than a simple bad investment opportunity, it instead unravelled stock manipulation among other criminal activities. I shared my findings with the SEC and since then things have intensified.
Since then, I've been victim of intimidation and harrassment. Others doing similar things as I did have received frivolous lawsuits. You will probably learn about Saleen's desperation i this regard in the next 10K, if it ever comes out.
If you want to learn about these bad actors, you should start by understanding the links between Saleen's ownerships and other suspicious entities: http://i.imgur.com/MnmZNpr.jpg
The W-Net fund seen in this link owning SLNN, PHOT and AHROQ is owned by a guy named David Weiner. Here's a little overview fro Bloomberg of this guy and his associates: http://www.bloomberg.com/news/articles/2014-06-18/legal-pot-sets-off-penny-stock-frenzy
Others also include Michael Waldman and Richard Zaremba. these guys own a company called http://debtcraft.com/. They were rumored to be employed by Saleen to find $500k in financing. They also hosted a party for Saleen investors, this was confirmed they posted about it on their website, but once some people, journalists and myself started looking into it, they removed everything. I got screenshots of the cache before it was removed: Screenshot of the cache incase the cache doesn't work anymore: https://i.imgur.com/qDYEnWZ.png https://i.imgur.com/XCS8dGc.png
You will find ripoff reports about these guys running fake modeling agencies to find girls: https://www.ripoffreport.com/r/Debtcraft-Private-Client-Group-BIO/Woodland-Hills-California/Debtcraft-Private-Client-Group-BIO-BIO-BIO-Debtcraft-PCG-BIO-Media-Fake-swimwear-model-1114281
In this particular report, its says that they claim to be owning Saleen: https://www.ripoffreport.com/r/Debtcraft-/Sherman-Oaks-California-91411/Debtcraft-Richard-Zaremba-Michael-Waldman-Conmen-Sherman-Oaks-California-1184917
This facbook page has pictures of these two guys at a Saleen party. Some pretty digusting accusations too. Zaremba is literally dressed as a pimp: https://www.facebook.com/maddie.bean.9400?fref=ts
Both these guys have criminal cases against them including rape.
These are the type of people Saleen does business with...
This is only scrathcing the surface. there's much more about these guys and also Steve Saleen himself. But you should learn a lot about that pretty soon.
"vested interest" is a broad term. I have no financial interest in Saleen's stock one way or the other.
But bad actors around SLNN made sure to make me personally involved in this so here I am and I'll see it to the END.
Thank you but I doN't need luck. I'm not investing in SLNN. Never have and never will. Good luck to you though.
If you really know who is doing it then please transfer the information to the SEC. They are already aware of manipulation on SLNN and I think they would be all over this. Send PM I can put you in contact.
It is extremely relevant to talk about the super voting shares especially if the company is paying for goods and services with the shares.
Within a month of issuing the shares. the company has already issued shares to 3 different people.
It's not a question of if those shares will eventually be converted but rather when. To sell them they'll have to convert. I don't pretend to know when they will do that, but I'm not blind enough to think it will never happen. It's the only way to profit from their ownership of these shares...
This is all implied, but the super voting shares and the fully diluted amount should also be included when talking about SLNN's share structure which is not the case around here...
I think you don't understand the term "fully diluted". Meaning this is the amount of shares ONCE fully diluted.
Again no I am not. If you are talking about Saleen's share structure, it is the correct nomenclature to include the fully diluted number of shares which is 1.5 billion.
You keep using that word, but I'm not spinning anything. i am accurately pointing that the share structure is not just 500 million authorized shares.
The correct share structure is:
500 million authorized common shares
1 million authorized super voting shares
for a total f 1 billion FULLY DILUTED common shares.
conveniently leaving out the 1 million super voting shares that can convert to 1 billion common shares to bring the total to 1.5 billion common shares fully dilluted.
Let's not forget that.
Literally everything you said is wrong. I provided the best available information which is the case discloser. You invented that the case got dismissed. Which is a lie.
Yesterday's news is BAD. I don't need to twist anything. It's never a good sign when a company delays filings and even more say when they warn of a negative impact.
And again there's no short on SLNN so wrong again: http://www.otcmarkets.com/stock/SLNN/short-sales
This is a completely lie. Please provide the court order to dimiss this case. Saleen is saying it has no merit, but they are saying to this all the suits against them, that doesn't mean the court agrees. You have no proof that this case was dismissed and no proof that Saleen is buying directly from Ford. Better chance next time.
They can't get the supply because of limited funds. And no Ford is not necessarily the supplier. They have been known to buy through dealers since they are less picky than Ford. One of the dealer they were buying from is suing Saleen for not paying for 4 chassis they say they delivered. That very well might be why Saleen can't get new chassis.
from the last 10Q:
HAHAHHA nothing to do with how many chassis Ford can produce, but rather how many they can pay for!
If that was true, They would have said that in the 12b. They didn't. They said they have a "limited" supply and that is affecting their 10k. If it was positive, it wouldn't be the limited supplpy affecting the 10k, but the demand.
Saleen was way too late to the 2015 Mustang game and they didn't have nearly enough money to secure a supply of chassis. Now it is affecting their results NEGATIVELY.
This is a complete lie. All these OEM are not working with Saleen in any way. For most of them, Saleen isn't even buying cars directly from them.
Why would Ford buy Saleen? They have no reason to.
Anyway, Saleen's brand is not worth anything close to $50 million. That ludicrous.
As per the company's own S-1 filing they value it at $3 million and that's the own company valuation, so you can imagine how Ford would value it lol.
http://compliance-sec.com/secfilings/company/slnn/link_files/2013/10-16-2013/FormS-1(10-16-2013)/FormS-1.pdf
So the company is saying that the 10K is late, they can't complete the audit and on top of that they warn of a significant negative difference versus last year... and people are trying to put a nice spin on this?
That was past the 2014 fiscal year. Easy calendaring!
Well it's not too difficult to figure out. they are saying that there will be a "significant change in results of operations from the corresponding period for the last fiscal year" and then they say that it is because of "the limited supply of base chassis materially impacted the Registrant’s operations".
Meaning it will be significantly worse than the last 10K because of their "supply" constraint.
Same period last year - For the Twelve months ended March 31, 2014 - SLNN had $5 million in revenue. SLNN already reported $3 million so far this year. So Saleen made without a doubt less than $2 million during the last quarter if they are consistent with this new filing.
Last fiscal year, Saleen lost $11 million on these $5 million in revenue. This year even though the revenue will be lower, I doubt the loss will be higher since a lot of it was directly diluted, but still, it won't be pretty.
Am i missing something? Why the possibility of a lender seizing a collateral is funny?
Saleen doesn't sell S7's anymore. All S7 are in the hands of owners or dealership and Saleen will not make any money from them. The company only has one S7 in their possession, but it is being held as collaterals for the David Weiner and friends notes, since they defaulted on that note because of their default on the bank note, Weiner might have cashed in the S7, meaning he took the car in exchange for a $250,000 note extinguishment.
come on man. you said:
lol! there never was anything else than a prototype. the S5S never made it to production. What you saw in 2008 that's it. And these particular pictures are from 2008 period.
Make a reverse image search, they are from the reveal event in 2008: https://www.google.ca/search?tbs=simg:CAESygEaxwELEKjU2AQaAggLDAsQsIynCBpbClkIAxIjd7kEc3a4BHX_1DXTfGNQYmCbUOLc_10zK4P_1sg_1CDSMvog_1iAaMNaJbvt52xqrEBVjVBydgE4LzNxjy20gxtnpyz6_1PoqnjBNgrZUALWG4sPs699duawwLEI6u_1ggaCgoICAESBPFlfvoMCxCd7cEJGjwKBQoDY2FyCgkKB3ZlaGljbGUKDgoMbGFuZCB2ZWhpY2xlCgwKCnNwb3J0cyBjYXIKCgoIc3VwZXJjYXIM&q=saleen+s5s+raptor&tbm=isch&sa=X&ei=-l2RVZu8NcH5yQTXjo-IAg&ved=0CC8Qsw4&biw=1367&bih=890
that's a 2 years old article written at a time SLNN had $1.5 million in the bank. Since then SLNN burn it all and then some.
Yet it doesn't they were taken 2 years ago now does it?
These picture are from 2008 when the S5S prototype was unveiled this is something that a simple reverse image search can show: http://www.autoblog.com/2008/03/20/new-york-2008-the-saleen-s5s-raptor-is-all-claw/#image-3
I find it weird that people would invest in SLNN without knowing much about their cars.
2 yr old yeah right. a reverse image search tells a different story: http://www.autoblog.com/2008/03/20/new-york-2008-the-saleen-s5s-raptor-is-all-claw/#image-3
You keep using the words investing and trading like their interchangeable. They are not.
Trading SLNN and investing in SLNN are 2 completely different thing.
Are you serious? You don't know how people can argue when you post 7 years old pictures of an S5S to prove a supercar is "in the works"?
Look, developing a supercar or any car is extremely expensive. At a very minimum is it in the low tens of millions, more realistically in the high tens of millions for a startup and in the hundreds of millions for a regular car manufacturer.
Saleen is not develpoing a supercar. They are planning on developing a supercar. Big difference. Huge difference. Planning on developing and actually developing something aint the same thing!
From Saleen's 10Q: