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lo right, this is the only way I would know that. Tesla is doing no business with Saleen whatsoever.
and you dind't prove anything. copy paste some numbers. not even a screenshot. please.
lol 3.5 million shares. That's nothing.
PLease. This stock is being manipulated like no other. I dare whoever saying they are making money right now to try to sell their shares for a profit. see what happen.
And AutoInvestor's point is not about traders, but people investing in the company. Either way, SLNN is a vehicle for a pump and dump scheme. Nothing more.
How can you say an A/S increase is "not planned"? It's either that or they default on every note.
SLNN put aside 132 million shares for the ~$600k of toxic notes, but that was back when the stock was at $0.10 to $0.05. Now at $0.0008, it's a different game.
This is completely inacurate. At the current price, ~$100,000 converts into about 200 million shares and there's over $300,000 left to convert.
lol because they don't care about conversion. They don't expect to convert to shares. They weren't after the shares for the $500k, they were after first lien rights on the brand and they got it.
Although I don't think it will be too easy for them to exercise those rights...
Everyone without a vesting interest in SLNN can see that everything is pointing toward just that.
Why would a company with all fundamentals pointing toward bankruptcy would go to another company and ask for money in exchange for first lien rights on their brand?
in the meantime, the stock is trading at an all time low....
I agree, but they already sold the name. Greentech's $500k came with first lien rights on the Saleen brand. They just gonna let them die then pick up the pieces...
lol this is not SLNN news. this is an small cap business trying to sell you a package. Come on.
Lol, the location of the account is not the problem. Finding the shares to short is... I dare anyone to call whatever broker they have and try to find SLNN shares to short.
Again, this is short volume data, these are in no way short positions (interest). The data is actually meaningless. ONly short interest matter and is only release bi monthly: http://www.otcmarkets.com/stock/SLNN/short-sales
Do I still have to point out that there's no short interest on SLNN whatsoever: http://www.otcmarkets.com/stock/SLNN/short-sales and that the short volume data that keeps getting linked has no meaning whatsoever since short volume is not an indicator of a short position in any way shape or form.
It just doesn't work like that. You would be giving the "heads up" to people to buy just when millions of new shares are coming to the market. Literally the worst moment to buy.
This means that the only reason the stock could go up would be on hype and manipulation which you can easily get burn on. Especially IF THE SEC IS WATCHING THE STOCK.
You seem to know them well, KBM, jumping from board to board of companies they lended money to, coincidently just when they start converting their shares.
SEC could think that you do that to help them unload their shares.
Lol KBM note matures today, but they already "been converted long ago". Yeah right.
How can you say an estimate is not true? You don't know the numbers yourself and an estimate is an estimate. I can't be "not true".
I can't wait for Saleen to report a million in loss (not accounting for dilution) and see what will be next "not true" thing.
Anecdotal experiences with a company is not what investors are looking for. Everything points to a pump and dump. How do you explain all the bad actors involved with Saleen. How do we explain all the pumpers coming from companies that somehow issued notes to all the same companies as Saleen. Is that a coincidence?
I'm not talking about you. I know you are not being paid to pump. You invested at $0.40 and now somehow can't cut your loses. That happens. That why you are still here. Whatever. I,m talking about those who come from boards of companies that somehow issued notes to all the same companies as Saleen. Is that a coincidence?
That's a whole bunch of wishful thinking. BTW it's the K coming, not the Q. And what's the best case scenario? Like $4 million in revenue the last quarter? $5 million? That will not cut it. They need to sell $8 million a quarter and get a more than 20% gross margin just to turn things around and that's not happening.
They will not get more than $2.5 million in revenue for last quarter and they will have lost around $1 million not accounting for dilution.
You are right about most stock being manipulated on the OTC, I'm pretty sure it's close to 90%, but SLNN goes way beyond that. It's not only being manipulated, as the recent pump from the companies holding toxic notes proved, but SLNN was entirely setup to be a pump and dump vehicle.
It was brought public by bad actors, David Weiner, Fred Knoll and Eric Stoppenhagen, which are all implicated in shady companies: http://www.bloomberg.com/news/articles/2014-06-18/legal-pot-sets-off-penny-stock-frenzy.
The whole company is literally dripping with shady people. Steve Saleen was involved in 2 bankruptcies and a multitude of lawsuits. He was involve in the Chamco scam that stole millions from a dozen of dealerships.
The KBM guys, the Kramer brothers, they had to settle with the SEC a bunch of times...
Now the company is being sued by their bank, they start issuing 8K talking about first lien rights, but we should encourage people to put money in now because it is "ripped for a bounce". This is ridiculous.
Alert Pump and Dump
Be careful people, this is clearly a PUMP and DUMP. Look at all the links between SLNN and ARYC.
Both companies issued a bunch of toxic notes to the same shady lenders:
LG Capital Funding, LLC
KBM Worldwide, Inc
Typenex Co-Investment, LLC
JMJ Financial
Here page 12 to 15 for the notes issued by ARYC: http://filings.irdirect.net/data/1084507/000135448815002620/aryc_10q.pdf
Here page 14 for the index with all the notes issued by SLNN: http://compliance-sec.com/secfilings/company/slnn/link_files/2015/02-17-2015/Form10-Q(02-17-2015)/Form10-Q.pdf
Then look what happens when the notes start converting: http://investorshub.advfn.com/Arrayit-Corporation-ARYC-9031/
http://investorshub.advfn.com/boards/board.aspx?board_id=26492
see something similar?
In all seriousness though, why are you talking about the short volume. It literally doesn't mean anything.
Short volume is just an ownership marker. It's no indicator of short interest at all. Like not even close.
Short interest is disclosed bi monthly and there's virtually no short interest on SLNN: http://www.otcmarkets.com/stock/SLNN/short-sales
Here's a great explanation on short volume and how it is a completely useless data on the OTC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97374112
Heard the same thing for today. It didn't happen. Same thing next week.
This stock is a vehicle for a pump and dump. that's it.
PLease provide proof that there's any short interest on this stock. Short volume is not short interest. They have nothing to do with each other.
Yeah sure. it filed 6 months after heleft, but he has no involvement. As soon as he step out the door that's when financial troubled arrived. Ridiculous.
No it hasn't. it went bankrupt in 2007 and they started under another name before getting back the Saleen brand in 2011 and changing their name again.
Now heading straight toward their second bankruptcy. Or third onw Steve Saleen would have been involved in.
You mean you waited for months for Typenex's note to convert so you could push their shares?
This link means nothing. It's simplpy a construction company listing a renovation they did YEARS ago. Come on.
Again wrong! Poster is confusing short volume with short interest. No understanding of basic OTC market whatsoever.
Again this is a complete lie. Saleen has no operation in Troy. They haven't been in Troy for YEARS.
They got rid of it in their first bankruptcy. It has been operated by a completely different company for years: https://www.google.ca/maps/@42.54878,-83.126691,3a,43y,349h,85.69t/data=!3m4!1e1!3m2!1sfrglpfYNWhhDVNCNL0gdeQ!2e0!6m1!1e1
Again this is wrong. Saleen has nothing to do with this building for years.
They got rid of it in their first bankruptcy. It has been operated by a completely different company for years: https://www.google.ca/maps/@42.54878,-83.126691,3a,43y,349h,85.69t/data=!3m4!1e1!3m2!1sfrglpfYNWhhDVNCNL0gdeQ!2e0!6m1!1e1
WOW. This is not even their headquarters. Come on! Their headquarters are in Corona, CA. Not Troy, MI!
You have no argument whatsoever. You imply that anyone who points out the awful situation with SLNN is short, when you are presented with the proof that there's no short interest on SLNN you come up with this. It says a lot about SLNN investors.
Saleen hasn't own this building in years. This is blatant misinformation.
A lot of shorting? You mean a lot of short volume? Short interest and short volume are not the same thing! Like at all.
THERE'S NO SHORT INTEREST ON SLNN. NO ONE COULD EVEN FIND SLNN SHARES TO SHORT.
Short volume data is completely useless on the OTC. It doesn't mean anything. That anyone would construed it at being short interest on LSNN is worrying.
So the SEC would be investigating all the companies that these guys invested in, but SLNN? Yeah that makes sense.
These are people under investigation by the SEC according to the NY Post. They are smart people?
http://nypost.com/2014/12/12/sec-weed-wackers-sparked-growlife-fears/
Yeah sure, because basing an investment on nothing but hype is a way better idea.
Most recent 10Q is current information. Anyone has to operate on last release information. this is 101.