Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Beginning today, August 1st the Del Franco Partners can unload another 200,000 shares from the lawsuit they won against Steve which will keep the Saleen stock going down for the next 12 months . Also, Saleen now owes the bank a balloon payment of $442,479 which looks like they will default on.
Will the bank take them into bankruptcy court to liquidate their assets and collect whatever value they can?
Will the State of California beat them to the punch and try to collect the $720,000 of past due payroll taxes?
Right now the only race Steve is driving in is going from 10 cents to zero cents per share before the bankruptcy filing date.
Which will happen first? It will be a close race.
These comments are my opinion .