Saleen Automotive, Inc. (fka SLNN)

[wj2005]

Hmmm... But this so called "distortion" that I posted about pretty much instantly stopped all the chat about his pay? It reads the following in the 10-K:

During the year ended March 31, 2014 and 2013, the Company incurred $131,787 and $340,000, respectively, in officers’ salary expense due its Director, Chairman and CEO, Mr. Steve Saleen. As of March 31, 2013 $300,000 was due Mr. Saleen. In addition,during the year ended March 31, 2014, Mr. Saleen loaned the Company $20,500 payable on demand. In March 2014, Mr. Saleen agreed to forgive $353,787 of amounts owed, which the Company recognized as a gain and offset to settlement expenses in the Statement of Operations. As of March 31,2014 the remaining balance of $100,000 payable to Mr. Saleen for his unpaid officers’ salary is included in amounts due related parties.

If what I said is distortion, then most everyone's "opinion" of may different subjects about Saleen are distorted big time. Difference is what I posted is fact and in the 10-K for anyone to view.