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same sh*t, different day
has anyone else transferred their shares?
where do you see this ?
Yup, still got 'em, not sure if they will ever be worth anything; one can only dream lol
Hi everyone :)
Good find, slowly getting back on their feet, major improvements by the day
any response?
Still waiting for my $$$
What ever happen with the billion dollar facility in china?
Yes with the money they took from you. No point in building cars without making a real profit. They have a terrible lineup of cars and their tech is a few decades behind buddy. The S1 might have been successful in the 80s. I could go on and on...Trust me, I want to see them succeed, but with each car they release makes me shudder.
Opinions mean nothing, only facts.
That means nothing to us.
That price you see is probably the 'cost basis' not the price of the stock
The stock will not most likely come back because the company will not be around for much longer. The company went bankrupt at its peak sales/contracts, it doesn't stand a chance. Making fast cars nowadays is the easy part, it's everything else they are lacking.
Instead of banning you, they should have addressed the question in a way to convince people to buy their cars. Convince potential buyers why they should buy their product as opposed to another. I see absolutely no reason to buy their white/yellow labels, and I'm sure they feel the same way if they were unable to answer your question. This company has become a money grabbing scheme from their stock to their cars.
Seems like their designers have become lazy and blind, there is absolutely no effort put into designing these cars anymore. Why buy this marked up "saleen" when you can buy a GT?
I wouldn't really call it revenge, more like justice. Robbing people of their money and can't even return a call or update shareholders. The problem is their lack of communication and ignoring shareholders hoping they will go away.
Count me in, I got important information documented. Currently talking to a lawyer and building a case, I always give them the benefit of the doubt that they will pull their shit together. Hopefully slapping this lawsuit on their table will make them move faster.
No its an Artega GT knockoff
Their reputation is already ruined. Talk to anyone who knows them and hear what they have to say.
They don't know how to do math at Saleen let alone run a company.
Contradicting information being displayed:
Slide 3 states its "completed", however, slide 26 states it is "in process".
It was stated that the RS is "in process" in slide 26
Can you please expand on how the RS does not have an affect on those shares?
Looks like they are serious about coming back. Check out their new website investor tab.
http://saleen.com/about-saleen/investors/
A whopping 1:2000 RS
They have a slide show put together for investors.
• Conversion of $8.4 million of Debt to Equity
• Greatly improved Balance Sheet including vast reduction of corporate debt
• Raised $2.5 million of additional Equity through Private Offering
• Conversion of Preferred Stock to Common Stock
• 1:2000 Reverse Stock Split Completed
• Positive EBIDTA for 2017
2017 Financial Restructuring
• Raise $2.5 million through sale of Preferred Stock (60% complete)
• Convert $8.5 million of Debt to Equity (DONE)
• 2000:1 Reverse Stock Split (IN PROCESS)
• Convert Preferred Shares to Common Shares resulting in 21 million
Common Shares Post-Split, fully diluted (To occur upon completion of reverse split)
• File Form 10 Registration Statement with SEC (To occur upon conversion of
Preferred Shares to Common)
2017 Financial Highlights
Quarter Ended March 31, 2017
Gross Revenues $1.5 million
Operating Profit $0.8 million
Net Income $0.4 million
what can shareholders do when they get screwed as such?
i highly doubt they are, just stringing along fanboy fools into thinking they are "relisting" so they avoid a lawsuit for pumping and dumping their stock and stealing investors money. I have it all documented.
they don't need to steal shareholders money anymore like i said 100 times. china is paying their bills now. its not a coincidence that all the good news started dropping once SLNN was suspended/revoked.
more like a CANCER, always sucking money out of people with nothing but bad news for shareholders
All these assumptions are based on the idea that this company indeed stays on their proposed time schedule. From previous statements it is not feasible to take their word on any of this. How long did it take them to release a single S7 LM? The truck was suppose to be released in November, no one has seen one yet. Lets be real here man, enough with the wishy thinking fanboy bs. This industry is all about over promising and under delivering. Nothing but a hype and pump all for money grab...chinese sellouts. Take the timeline they gave you and add a decade or so, that seems more realistic.
I thought you would know before anyone from the secret shareholder meeting lol
Don't get excited just yet. This is going to RS and who knows it might go straight back down into the ground again and you will be left with even less than what you had before.
1:45 RS ratio? or did I miss something
much better than what someone on here said about 1:2000
this company said everything will be good mid 2017. we are end of 2017, revoked, and no sight of coming back. hard to believe anything that comes out of this company
wonderful how they are releasing PR now that the stock got revoked. crooked company
they got bailed out by china. they don't need shareholders
Great accomplishment, they successfully released "news" lol big step for mankind
Lets point out how you were wrong about Saleen "relisting" in November while you want to make a big deal about irrelevant news that does not affect you anymore.
the reverse split ratio is more favorable in this case 1:50 compared to 1:2000
"However, there can be no assurance that we will ever resume being a publicly traded company with an obligation to file periodic reports under the Exchange Act."
^that line is the deal breaker.
give credit where credit is due, Steve has kept doors open at Saleen and producing cars and working hard, we can agree on that
I must say, the S1 looks much nicer than I expected, though I would never spend $100,000 for one lol
Saleen was being funded by a Chinese company this entire time, my question is, why not make it public earlier? If share price went up, it would of been a win-win situation yes? Our own government could not fund a iconic american automotive brand known around the world, the Chinese government infused money into it, so do we really take care of our own here? Or has greed blinded us all
Seems like stringing people along is still not over with the false hope that Saleen will be trading once again with no credible source. Research what happens when a CEO deceives shareholders.