All the sellers of SLNN stock are all losing money.
All the buyers of SLNN stock will lose their money.
For over a year the stock price has gone down, down, down.
A rapid descent from over a $1.00 per share to 1.3 cents per share
a 99% drop. To say it will get to zero is inevitable.
There is a far greater possibility that the stock will hit zero by the end of April
than Saleen will still be open at the end of the month.
In prior month's Saleen issued 8K reports which disclosed toxic loans
which poisoned the stock but provided some short term
cash to keep Saleen alive for another couple months.
With each toxic funding the debt created grew greater, the interest rates higher
and the quantity of shares to convert was higher .
In April no funding has been secured. Who will fund this mess?
The debt is higher than ever, the assets (cash, AR, Inventory) are low and insufficient to
produce any more than a few cars. Even worse, the cars they do manage to produce
will be mfg at a loss and all the potential profit has already been spent because
the $1M of deposit money is gone and the cars have not been delivered.
The customers have to be getting worried and impatient by now and the law suits are going to
start piling up. That is why Saleen's lawyer and board member Jonathan Michaels quit.
No evidence is offered to explain how Saleen can survive April.
I guess we can just watch the stock continue to dive toward zero and
see if bankruptcy or zero share price happens first.
All evidence indicates that both will happen this month.
You are right that this has been forecasted every week for over a year.
If everyone heeded the warnings this problem company would have been shut down sooner and
fewer investors would have lost less money supporting this dead cause.
These comments are my opinion supported by facts and not contested with any evidence to the contrary.
AI
