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come on everyone. they didn't redesigned any website. They have been operating both saleen.com and saleenautomotive.com since the beginning. Do we really need to invent news right now?
yeah right. I'm sure everyone believe that. you called a "temporary bottom" at $0.30 that makes much more sense.
I honestly don't get you point at all. SLNN lost 99% of its value after or before the merger regardless. that's a fact.
The facts are:
May 27th 2013: WTSY is at $0.55
May 30th 2013: Saleen WTSY merger is announced.
June 10th 2013: WTSY is at $0.95
June 27th 2013: Saleen and WTSY completes meger
July 1st 2013: SLNN is at $0.88
December 213: wj calls a bottom at $0.30
June 26th 2015: SLNN is at $0.0012
No I'm saying that since it was at $0.30 it lost more than 99% of its value.
hahaha you do understand that at $0.30 they lost more than 99% even at $0.15 they lost 99%. POint completely invalid.
and when did I say that exactly? my point is that you can't call the stuck being at this level "trips" when there's been a CLEAR downward trend for the past 2 years.
SLNN didn't trip.
sure, and a fall from $0.50 looks just that much better now doest it?
You don't know that. You can't. If that was really the case, the stock wouldn't still be sitting at $0.0012. And also there are other notes maturing all the way to October.
Buy at $0.0007 and you are still buying a premium on converted shares. Last note converted got shares as low as $0.0004.
Honestly doubt that. This is the second lawsuit from the bank. Last one was settled out of court. Saleen agreed to pay something like $50k and the bank agree to an extension. Then Saleen didn't pay. The bank agreed to another extension and then Saleen still didn't pay.
I doubt the bank will agree to an out of court settlement knowing what happened last time. unless Saleen can come up with the money, but yet if they could, this wouldn't in front of the court right now.
another comment completely empty of argument. I would suggest anyone who have or are planing to have any interest in SLNN to read their bank's lawsuit in full before doing so: http://pdfsr.com/pdf/slnncitizen
It just make sense to read about the bank of a company you are investing in suing the said company for not paying back a loan in default.
You obviously haven't read the bank's suit. The change of control, which has been proven BTW since Steve had to convert $220k in debt to regain a controlling share, meaning he lost it at some point, is just 1 of the 9 complaints the bank is making and not nearly the gravest one.
You are only repeating what Saleen says in the 8K disclosing the suit which is a blatant misrepresentation of the lawsuit which is quite serious.
I suggest reading the whole lawsuit which can be accessed here: http://pdfsr.com/pdf/slnncitizen
much more informative than Saleen's 8K.
Saleen owes money to the bank. This is a fact. Saleen can't or won't pay this is a fact.
This is the second lawsuit the bank is presenting to Saleen, the first one got settle with an extension, but then Saleen again couldn't pay after the extension was over.
This doesn't bodes well for Saleen.
Nah I think that's just abunch of hype. Saleen was involved in 2 bankrupt companies. I don't see how this one will turn any different.
The brand and all that doesn't matter at all when you have no money.
Their bank is suing them because they can't pay their loan for 2 years and they don't want to give collaterals.
When you can't pay back your loan and you don't give them the promised collaterals, then you will get shut down by the law. It's plain and simple.
Saleen's only hope is a big cash injection. Now the question is who would put that money in Saleen and why...
This is not even accurate.
I think you know the answer to that.
come on guys. There's no Q coming. filing by the end of the month will be the 10K. I don't even have money in this and I know that.
"absorbed" you say that, but you don't know. again BMAK is prone to market manipulation. If the volumes we saw in the pass few weeks were all real, the PPS wouldn't be siting here at $0.001. If the stock couldn't run at 200 million shares, it simply won't or at least nothing significant.
I don't accept that. He had a clean slate with SMS and he failed. They had a $9 million accumulated deficit when they accepted Weiner's money then they had a new chance, but failed again when a year later they took money from the Kramers and other toxic lenders.
he also has a responsability for the pumps with a bunch of PR that never amounted to anything. Just a few months ago, according to Corona City officials, Saleen was claiming to be making 2,000 cars a year. If that's not BS, I don't know what is.
SLNN is a mess and Steve is not clean of that mess.
I ve said it before. There's market manipulation to unload shares from the toxic note holders
http://www.theotc.today/2013/08/a-closer-look-at-awesome-penny-stocks.html
Asher is the former group of the Kramer brothers who now operate KBM Worldwide which held 3 SLNN notes, two of these note converted earlier this months.
wow this is so wrong. Weiner and his associates are still the biggest SLNN debt holders as per last filings.
They still hold over $2 million in convertible notes as per last 10-Q and on top of that they added $500k in January.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001493152-15-000604%2Etxt&FilePath=%5C2015%5C02%5C19%5C&CoName=SALEEN+AUTOMOTIVE%2C+INC%2E&FormType=10-Q%2FA&RcvdDate=2%2F19%2F2015&pdf=
lol A lawyer doesn't bring a company public. He executes. Weiner and his associates gave $3 million to Saleen and exchange 40 million shares at $0.07 when the stok was trading at $0.50. They merged the shell to saleen to bring the company public. The ones that gave the $3 million are considered the ones to bring the CO public. Not the lawyer drawing up the paprers. lol
Look at the S-1. all the info about the offering is in there...
This informartion is directly related to SLNN.
http://nypost.com/2014/12/12/sec-weed-wackers-sparked-growlife-fears/
He is the guy who brought SLNN public. Look into it. David Weiner through his W-Net holding bought the W270 shell that reverse-merged into Saleen creating SLNN.
NY Post says there's an investigation around this guy and the companies he invests in. He made the same scheme on the MJ stocks as he did with SLNN.
It would be foolish to think SLNN is not on the SEC's radar if the rest of his investments are...
If you really know that "big news" is coming and you are trading the stock then you know that is insider trading right?
I'd be careful saying things like that when people are reporting SEC investigation around SLNN and SLNN investors.
I am calm because I'm not investing in this pump and dump. No thank you.
I've been here since the stock was over $0.30 and I've been saying this since the beginning. At $0.001 it's no different.
wow this is completely false
That's where you are wrong. If there is an "arrangement" between Steve and Molly, then it needs to be disclose to shareholders since it is material to the business and they are officers and have a personal relationship.
Please tell me again how the company is supporting itself through the sale of Mustang when they are paying for their attorney and for merchandise by issuing shares. That makes so much sense...
I'm not reading too far. I'm plainly reading.
I'm saying why the company can't buy stuff directly. They need other companies to buy on their behalf! That's a problem.
Also there's no short interest on SLNN this is a lie. There's no share avalaible to short: http://www.otcmarkets.com/stock/SLNN/short-sales
No one is asking why the company needed to buy $34k worth of "merchandise" through another company.
because what the 8k said that they didn't purchase the merchandise from Mollypop, but rather that Mollypop bought the merchandise for them...
Regulation SHO is to prevent naked shorting, not exploit naked shorting so I don't get your point anyway.
And again, i'd very much like proof that there any short position on SLNN aside from the bi monthly FINRA short sales report which shows that as per usual there's next to nothing on SLNN: http://www.otcmarkets.com/stock/SLNN/short-sales
thank you.
A NASDAQ regulation? SLNN is trading on the NASDAQ now? Well that's new...
Naked shorting is illegal. If you have any evidence of such you should transfer to the SEC, but I doubt you have any evidence. The short volume you'll see is rarely naked short nor short interest really.
even these junk brokers will have all the difficulty in the world to find SLNN share to short.
This is simply false. This is a MM counter measure. Nothing more. No one had 14 million shares to cover. it is strickly impossible. Call any broker and ask them to find SLNN shares to short. GL.
Just like a bunch of people claiming these a huge short position on SLNN. I don't see anyone complaining about that...
People always bring this up but it doesn’t mean anything. The ask is hiding its cards way better than the bid… like always….