Excellent post. SLNN looks ripe for an SEC investigation for FINRA violations. The following rules appear to be violated:
FINRA Rule 2010 – Standards of commercial honor and principles of trade Rule 2020 – Use of manipulative, deceptive or other fraudulent devices Rule 2100 – General standards Rule 5250 – Payments for market making Rule 15g–3 – Broker or dealer disclosure of quotations and other information relating to the OTC Market Rule 15g–5 – Disclosure of compensation of associated persons in connection with Penny Stock transactions
Additionally, investors have a strong case to have Steve and David Fiene removed for mismanagement of funds and the inability to develop and execute a business plan that adds rather than subtracts value for shareholders . There is also an element of integrity which Saleen's management and BOD's have not lived up to. All parties are self serving and do not have the shareholder's interests in mind when making business decisions .
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