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An observation
Fannie doesn't usually close behind Freddie as for a % gain right?
My observation has been on Green Days, Fannie leads.
It's in the top pinned post. "subject to certain royalty fees"
New hiring? That accountant position has been on their website for many months.
Buying presence? $40 investment is buying presence? What world do you live in?
Any 5s available?
Do we know when the share increase and r/s is happening?
Correct. Saleen sold his brand to them to sell cars internationally. It's likely he gets a percentage. It also helps his US company get pub but the profits go to WM Greentech.
SLNN could be manufacturing parts for SMI but I'd say that's unlikely as production would be a LOT cheaper in China.
This is just my opinion. Been watching this for awhile waiting on a 10k.
SLNN = Saleen Automotive Inc
Saleen Motors International = China news
It's two different companies. WM Motors owns the rights to sell Saleen internationally.
Or I just made this up, believe what you will.
And good luck selling off, several brokers aren't allowing ppl to buy Fidelity I know is one
Also, why did they have the ability to get this 8k done but haven't been able to do a 10k for what a whole year?
My guess is they didn't want the 10k to show all of the debts they have been unable to pay. The 8k deal gets rid of those debts, dilutes, and RS.
Maybe we'll see a 10k soon and with all of the positive spin, Facebook pics, etc they'll attract more investors. Maybe.
2.25 shares outstanding @ .0003 gives valuation of Saleen at $675k
8k says new investors buying 285k and 1.5M in commons plus other forgiveness of debts no less than $600k from multiple "investors"
I don't see any reason they are putting more in unless they are getting quick turnaround.
The agreement gives new director Bianco warrants to buy 2.5% of Commons at $40,000. Probably giving him a good deal but that would value %100 of shares at 1.6M
Which still doesn't tell us anything bc we don't know how many commons they'll issue to eliminate all the outstanding debts
I think it might be 100 to 1
So now we wait for the 10k to show Saleen doesn't have as much debt, reverse split to get out of the triple 0's and then trade again.
Rinse and Repeat.
Looks like some 4's are available...
I never noticed they sold merch on the website before.
Maybe I'll buy a shirt
The question is "Do the favors Trump owes Wall Street out weigh the $20B per quarter his Treasury can reap from the GSEs?"
I think ANY administration would be reluctant to turn over a cash flow like that...but then again Mnuchin, Mulvaney will have to go back to Wall Street when their terms are up...
Ha. I was at the Belterra last week!
Can anyone post LEVEL 2 on this bounce ?
Unable to trade.
Fidelity cut me off, probably bc they haven't reported any financials. Anyone else have trouble?
Quiet today.
Been following this board for awhile.
Won't make any predictions, I'm just happy to be here. I'm mostly holding FMCC but that board is quiet.
GLTA