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Doesn't say they won't, but they just cancelled a raise of A/S, so I'm sure that's something they would like to avoid. I would venture to say that the share price is expected to continue it's steady upward climb as convertible debt is extinguished, giving management the opportunity to acquire more funds by issuing fewer shares. EVTI was over $1.50 less than a year ago, and even taking share dilution into account, $.15 is not out of the question in a short period of time. At that point, funding is a lot cheaper, share-wise.
Someone correct me if I'm wrong, but they can only have up to 9.99% of the shares, so that would be 49.3 million shares that can be issued, keeping the share structure elsewhere the same. So in having a $7,750,000 line of credit, that's an average issue price of right around $.16. My thought process could be all wrong, but that was my interpretation.
And Facebook bought WhatsApp for $19billion...
$2.03, I believe.
Wait, so you blindly threw money at a company you knew nothing about? It can take years for companies to begin to make money, and most companies hold debt. Look at Facebook, Twitter, Microsoft, Amazon, etc. How long did it take those companies to make money? Not to put EVTI with those companies, just to say that even some major players in the market started off small and took a long time to make any money.
I was looking through all the Saleen employees on LinkedIn and saw quite a few interns who were promoted to full time positions in the last few months. Could be some good things brewing in the not too distant future!
They've started hosting a weekly event at Saleen Headquarters - Cars & Coffee Corona. Had 150 cars there Saturday for the first weekend.
https://www.facebook.com/carscoffeecorona
How high does this go when they officially unveil the new supercar?
Can you point me to this Nevada law about authorized shares, I haven't been able to find it. I'm not sure exactly where to look, though.
Nice article, when was that written?
Not sure who, or if it is more than one person, but for the past week or more, at market open, someone puts up a 10 MM wall on $.0008. I'm sure if that wasn't up every day, SLNN would be running.
I've been wondering for a while now if he is preparing to be bought by someone like Ford. He may be looking to retire before too long, and he took FredVestor to court to stop the defamation and is working to gain more and more name recognition. I'm wondering if we'll see one of the big partners like Ford look to buy the company to add another line to their brand. If that's the case, SLNN would see a huge jump on that news, and Mr. Saleen could comfortably retire, as could many other stakeholders, as well, I'm sure!
Who's putting up the 10MM wall on $.0008 Every. Single. Day?
Article just posted from CNN Money about Saleen Q1 results and a statement from Steve Saleen about outlook:
http://money.cnn.com/news/newsfeeds/articles/marketwire/1213463.htm
Get in cheap while you still can!
Things look to be improving. Increased revenues and operating efficiencies. They're lowering their debt. Taking into consideration share diluation from Q1 2014 to Q1 2015, price comparables would be .0047+
Gross margin up 33% from Q1 2014 to Q1 2015. Operating expenses cut in half, as well. All with Revenues being pretty much the same.
10Q is out
Should be out today or tomorrow. I think tomorrow should be the deadline for it.
Already approaching twice the 10day avg volume. 10-Q out today or tomorrow, maybe news, too? We've already heard some good things from last weekend; things are looking up!
Pretty cool, not sure if it has been posted yet:
http://www.themustangnews.com/content/2015/08/mustang-minute-saleen-parts-at-americanmuscle/#.VdO_ZPlViko
Looks like they filled one of their positions. Only two jobs left up on the career section of their site.
I think because they are not an accelerated filer, their 10-Qs are due 45 days after quarter end instead of 40 days, so it shouldn't be due now until... Thursday?
Anyone know what time the 10-Q will be coming out?
We gonna see a run in the next week or two?
slowly knocking down the .0008s. If some more of the bids will move up, we can tear down that wall and march on upward!
Move some of those .0007 bids up, and let's run!
We're chipping away at them!
has anyone called the Investor Relations Contact to see if there are any updates?
added 1 million today. who's adding with me?
Next 10Q out August 17th? Or somewhere around that time?
Just looked back through the 10K and Feb 17 10Q... looks like it was just a bad quarter last quarter. 9mo to Dec 31 2014 vs 2013 looked to be generally improved from a financial standpoint. Share price was low ~.02 Feb 17 2014. With a good 10Q this month breaking even to Feb 17, we could possibly see .007, taking share dilution into account.
Saleen will post certain news articles, as well as financials, on their website, and you can follow them on Twitter and Facebook to keep up to date with them. Most of the time, if a piece of news hits, it'll show up here pretty quickly.
From a really basic standpoint, what's going to move SLNN is people buying on the ask price.
The last news we have has been an event held at Saleen over the weekend, and a settlement with FredVestor (the document was posted here yesterday or the day before if you want to read it). We had the 10K release before that, and I think there was an article earlier in that month about Steve Saleen increasing his stock holdings in the company. We'll get a quarterly financial report here before too long, and I hope we'll get some PR even sooner.
anyone have L2 quotes?
.0008 getting slowly cut down. Will we see .0009 or .001 today???
how far can we run next week? Hoping for a PR soon, for an extra push.
what do the L2 quotes look like?
The Lawsuit has been settled, apparently:
http://jalopnik.com/saleen-settles-case-with-reddit-user-they-sued-for-call-1720904330
Has the saleen website been updated? Seems like a different layout from when I was there last.