Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Saleen's Debt increased $1.4M. The amount over 90 days past due to vendors increased $150K and delinquent payroll taxes is suppose to = zero. What business does not pay their payroll taxes? Saleen went from 5 feet under to 6 feet under. Just because a few credit balances went down, others went up even more.
As far as 2015 Mustangs go, how can Saleen build any ? No cash, No Inventory and $1.3M over 90 days past due to their vendors. No parts are going to be shipped to Saleen until these vendors get paid and even then it will all be COD. Saleen will build one Black car using customer deposit money and that will be it.
These comments are my opinion.