Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Saleen can be shut-down tomorrow.
They are not paying their bills. The debt is increasing every day
and the periods of delinquency are extending.
Will Saleen use the $123K of additional debt to cover payroll?
Pay a small portion of the past due debt? Pay a small amount of the past due payroll taxes?
Pay their CPA firm to produce SEC required documents? Pay their BOD?
Pay Steve his $20K per month? Pay Steve overhead (credit cards)?
Or purchase inventory for all the new vehicles they are suppose to be
Producing? They can buy one Tesla? 2015 Mustang?S8? Barracuda's, Camaro's,
Etc....
The fact is that eventually the government, banks, private lenders, vendors or customer who donated deposits for new cars will force Saleen into bankruptcy any day now. It's just a matter of time.
These comments are my opinion.